HomeMy WebLinkAboutCity Council - 2002-50 RESOLUTION NO. 2002-50
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ELECTING TO
RECEIVE ALL OR A PORTION OF THE TAX
REVENUES PURSUANT TO HEALTH AND SAFETY
CODE SECTIONS 33676 AND 33607.5
WHEREAS, the Redevelopment Agency of the City of Huntington Beach
("Agency") initiated the process to adopt a Redevelopment Plan ("Redevelopment Plan")
for the Southeast Coastal Redevelopment Project ("Project") in order to address
conditions of blight existing within the proposed redevelopment project area ("Project
Area"); and
Section 33676 of the Health and Safety Code provides that prior to the adoption
of a redevelopment plan, an affected taxing agency may elect to receive, in addition to
the portion of taxes allocated to the affected taxing agency pursuant to Health and Safety
Code Section 33670(a), all or any portion of the tax revenues allocated to the Agency
pursuant to Health and Safety Code Section 33670(b) which are attributable to the tax
rate increases imposed for the benefit of the taxing agency after the tax year in which the
ordinance adopting the redevelopment plan becomes effective ("Increases"); and,
For redevelopment plans adopted on or after January 1, 1994, Section 33607.5 of
the Health and Safety Code provides that in any fiscal year in which a redevelopment
agency receives tax increments, the community that has adopted the redevelopment
project area may elect to receive, and the Agency shall pay into it, an amount equal to
twenty-five percent (25%) of its proportional share of the tax increments received by the
Agency after the amount required to deposited in the Low and Moderate Income Housing
Fund has been deducted ("City Election").
NOW, THEREFORE, be it resolved by the City Council of the City of
Huntington Beach as follows:
1. The City Council hereby elects to receive all Increases as herein defined.
2. The City Council hereby elects to receive the City Election as herein
defined.
3. The City Clerk is hereby directed and authorized to transmit a copy of this
resolution to the Executive Director of the Agency and tax collector
of the County of Orange County.
G:\RESQLUTN120021SE reso-taxrevenue.doc
Res. No. 2002-50
PASSED AND ADOPTED by the City Council of the City of Huntington Beach
at a regular meeting thereof held on the 3rd day of June , 2002,
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Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk Cy,y4ttorney --
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REVIEWED AND APPROVED: INITIATED AND APPROVED:
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City Ad nistrator Director of Economic Development
GARE50LUTN120021SE reso-taxrevenue.doc
Res. No. 2002-50
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss:
CITY OF HUNTINGTON BEACH }
I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of
the City of Huntington Beach, and ex-officio Clerk of the City Council of said
City, do hereby certify that the whole number of members of the City Council
of the City of Huntington Beach is seven; that the foregoing resolution was
passed and adopted by the affirmative vote of at least a majority of all the
members of said City Council at a regular meeting thereof held on the 3rd
day of June, 2002 by the following vote:
AYES: Green, Dettloff, Houchen, Winchell, Bauer
NOES: Boardman, Cook
ABSENT: None
ABSTAIN: None
City Clerk and ex-of icio Clerk of the
City Council of the City of
Huntington Beach, California