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HomeMy WebLinkAboutIncrement Sharing Agreement - County of Orange and Flood Control District - 1987-05-04MINUTES OF THE BOARD OF SUPERVISORS >. OF ORANGE COUNTY, CALIFORNIA .�r. SEPTEMBER 1, 1987 TAX INCREMENT REIMBURSEMENT AGREEMENT WITH HUNTINGTON BEACH REDEVELOPMENT AGENCY: County Administrative Office requests approval of agreement with the My of Huntington Beach Redevelopment Agency which provides for the pass -through of certain tax increments to the County family of funds impacted by the Huntington Beach Huntington Center Redevelopment Project. MOTION: On motion by Supervisor Riley, seconded by Supervisor Wieder, the o�FrFmoved to: 1. Authorize execution of the agreement. 2. Direct the Clerk of the Board to cause the original executed copy of the agreement to be sent to the City of Huntington Beach. Supervisor Roth was absent. MOTION CARRIED. Iftn*13-2.3 (12/74) AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND THE COUNTY OF ORANGE REGARDING THE HUNTINGTON CENTER COMMERCIAL DISTRICT REDEVELOPMENT PROJECT AREA This Agreement is made and entered into this 1: day of , 1987 by and between the COUNTY OF ORANGE; the CITY OF.HUNTINGTON BEACH a municipal corporation of the State of California, (hereinafter referred to as "City"); and the REDEVELOPMENT AGENCY OF THE CITY -OF HUNTINGTON BEACH (hereinafter referred to as "Agency"); R E C I T A L S WHEREAS, Agency is a Redevelopment Agency existing pursuant to the provisions of the Community Redevelopment Law (California Health and Safety Code Section 33000 et. seq.) which has'been authorized to transact business and exercise the powers of a Redevelopment Agency pursuant to action of the City Council of the City of Huntington Beach; and Pursuant to Section 33327 of the California Health and• Safety Code, Agency.notified the.County Taxing Entities on or about August 14, 1984, of its intention to prepare a redevelopment plan entitled "Huntington Center Commercial District" (hereinafter referred to as -"Plan") for the Project Area described'in Exhibit "A" (hereinafter referred to as "Project'Area"); and The Plan contains provisions for the distribution and allocation of property tax revenues derived from property located within the Project Area to th.e Agency pursuant to California Health and Safety Code Section 33670(b) (hereinafter referred to as "Tax Increment"); and Meetings have been held by representatives of the County of Orange and representatives of the Agency to discuss the fiscal impact of the Project on County Taxing Entities; and The City Council and the Agency held a joint public hearing on November 19, 19840 for the purpose of considering the approval and adoption of the Plan; and The City adopted Ordinance No. 2743 on November 26, 1984, approving and adopting the Plan including the use of tax increment financing; and Pursuant to California Health and Safety Code Section 33401, the Agency may pay to County Taxing Entities as a taxing agency with territory located in Project Area, an amount of noney which, in the Agency's determination, is appropriate to alleviate any financing burden or detriment caused to County Taxing Entities by the Project; and ' The parties agree that the allocation of all the tax increment revenue to the Agency as a result of the implementation of the.Plan as proposed would cause a financial burden and detriment to the County of Orange, and whereas, it is for this reason, and to amicably resolve and differences regarding the legality of the Plan, that the parties hereto enter into this Agreement. NOW, THEREFORE, in consideration of.the covenants -and conditions contained herein, the parties hereto agree as follows: -2- 1. PAYMENT TO THE COUNTY: (a) Subject to the provisions of part (b) of this Section 1, in each year, commencing with fiscal year 2000-01, that taxes are allocated to and received by the Agency pursuant to Section 33670(b) of the California Health and Safety Code or its successors, from the Project Area described in Exhibit A, the Agency will pay (net of and after deducting twenty percent (20%] of tax increment funds set aside pursuant to Section 33334.2 of the California Health and Safety Code: (i) to the County of Orange General Fund nine (9) percent of the amount so allocated to and received by the Agency; and, unless and until those flood control improvements described in Exhibit "B" hereto (which is incorporated herein by reference) are substantially completed (ii) two and•one-half percent (2.5%) of the amount so allocated and received by the Agency to the County of Orange Flood Control District. (b) During and for the initial sixteen (16) years in which tax increment is allocated and received by the Agency no moneys shall be payable by the Agency to the County pursuant to this Agreement. 2. CONDITION OF PAYMENT: Payments to the.County of Orange as set forth in Section 1 above, are subject to the following conditions and limitations: (a) Agency's obligation under this Agreement is deemed to constitute "an indebtedness" within the meaning of Health and Safety Code Sections 33670 and 33675. -3- (b) Following -completion of the sixteen -year initial period pursuant to part (b) of Section 1 of this Agreement, the Agency shall pay to the County of Orange from Tax Increment, net of funds deposited into the Agency's Low-- and Moderate -Income Housing Fund, amounts due pursuant to this Agreement during each fiscal year within a reasonable period after Agency receives the tax increment allotment from the County Auditor -Controller provided that payments in relation to allotments received between July 1 and December 31 of any fiscal year, shall be made no later than the following February 28; and that payments in relation to allotments received between January 1 and June 30 of any fiscal year, shall be made no later than the following August 30. (c) It is understood that certain amounts of the taxes . allocated to the Agency pursuant to Section 33670 of the California Health and Safety Code must be set aside by Agency in special funds to service bonded indebtedness and meet the Agency's obligation under health and Safety Code Section 33334.2. The Agency's obligation to make the above -referenced payments to the County of Orange shall be subordinated to the Agency's obligation under Health and Safety Code Section 33334.2 and to bonded indebtedness heretofore or hereafter incurred by the Agency in the course of the implementation of the Redevelopment Plan. If, during -any fiscal year, the Agency is unable to pay the full amount due and owing to the County Taxing Entities pursuant to this Agreement for the applicable year (which shall be the immediately proceeding year, commencing with the sixteenth year), such deficit shall be paid by the Agency =4- pursuant to this section in the following fiscal year. The parties agree that said deferral is necessary to accomplish the purposes of the Redevelopment Project at an earlier time that would otherwise be the case in that such deferral would allow for issuance of bonds with a higher principal amount. (d) The Agency's obligation to make payments hereunder shall be limited to Tax Increment from the Project Area received by the Agency. The City shall have no financial obligation by virtue of this Agreement, and shall not be responsible for the discharge of obligations of the Agency herein. 3. OPPOSITION TO REDEVELOPMENT PLAN: The County of Orange agrees that it will not file or participate in opposition to the Agency in any lawsuit attacking or otherwise questioning the validity of the above Redevelopment Plan, or the adoption or approval of such Plan, or any of the findings, determinations or filings previously made, by Agency or City Council of the City in connection with such Plan or its implementation. 4. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Agency and the County of Orange with respect to the matters set forth herein, and any changes, modifications or amendments thereto shall be legally binding and effective only upon duly executed written amendment hereto. 5. EFFECTIVE DATE: This Agreement shall become effective the date last executed below and shall continue in effect until Agency is -5- deactivated pursuant to Section 33141 of the California Health and Safety Code or its successor. IN WITNESS WHEREOF, the parties hereto have executed jts Agreement on the date first written above. NkRMAn, BOARD OF CITY OF HUNTINGTON • SUPERVISORS BEACH/REDEVELOPMENT AGENCY OF E CITY OF HUNTINGTON SIGNED AND CERTIFIED THAT A COPY OF B CH THIS DOCUMENT HAS BEEN DELIVERED TO / THE CHAIRMAN OF THE BOARD. LINDA D. ROBERTS Clerk of the Board of Supervisors CAurtty of Orange. California ATTEST: City/Agency Clerk APPROVE AS TO FORM: Z 411 -X-�-w - dt�� City Attorney of the City of Huntington Beach & Agency Counsel : /-p7 e,--r%F By: ayo TO FCrM r; ;:1• i U i r APPROVE AS TO FORM: Special Agency Counsel-(,, g=10-e-, JITZIAT D AND APP VED: REVIEW D AND APPROVED: D&R6qy City Administrator/ City Administrator/Chidt Req.5kelopment Executive Officer -6- �I • JI M.(r ADDEN ss l t o� PUBLIC.t .OUA uatkc; i 3TITUTtO_ I '•4 . !ir,' "EXHIBIT A" ' MIXED DEVELOPMENT �• _ CENTER DRIVE - - - ••••�••� ' r �PtS�tt cn.�1'ir. '� '� '•� Y HUNTINGTON ..ENTER L LJ GENERAL COMMERCIAL R j Au I � • y t EDwr.ER AVE. i scale V ' � iMiS.rwr.�i�M .. r �i�1M..M�l�! • SS HUNTINGTON CENTER COMMERCIA DISTRICT REDEVELOPMENT PROJEC' HUNTINGION BEACH CAUFORNIN • AREA PUNNING DIVISION FIGURE —22— w GENERAL PLAN LAND US1 _, _ ...: •, .•--� ,ei•p V( ' " `•�^_i .emu .w AmntiwJslOA• 1 - .�'— ' r�� ; .. 1 7 .•}I �� �.:.. v=� •L i C r •t PC 1' 1 1 i .1.1. a •ta .. •.... 1 OC t .BOLSA ."Y. 1:.« a1�.1 . " t . F .. L:FCWN... i . 1411 Nirn 1FR -i�4.1-.1.^I~ ' �1,. I �•• -�1 7E.+_ i 7. Il +1: 1T .� • !.' { . Lam -+•RV. V/ r.. 1 iA r+�is" :i:1 U:L3 ip s w �I ci 131 i ri•. r� 1 C 'L��1 �C �1: �D Q � rPttq�" '•=� ? TALB RT l V I W _ - � 4 \ F ANT tCL . - rl CA tel: I� k "EXHIBIT B" r >, . .4 olr u, LLLL a t%e 5; A f \ J ORANGE. COUNTY t ENVIRONMENTAL. MANAGEMENT AGENCY . L(XATION -MAC' EAST GAROEN GROVE -VINTERSBURG CHAN. ' C 0•S ; SCALE.*1=4000' MAY 1976 mew ,.:' J . i f „;, -7 . , t ,�,T ,{ r: Lw.r,w: r 'v,•sr!w hr �� 1,r :4•il•'r'�Y�r [ .F[i�/}Yf�Yi�'_ �'..11 •'�,a yi' -I . J.i, ,;: -:, •':r 14 r: `p� -'fir l-. i;�j�., ,V;. A. i1 ,ti;• ?'•,'_i.{�,�'.:"rs'Y;-�!;•i ';t:rye}'� ::=�`yai•;' jj,, AGREEMENT BETWE'EN THE CITY_ OF HUNTINGTON BEACH AND THE REDEVELOPMENT_ACENCX OF THE CITY Of HUNTINCTON BEACH AND THE COUNTY OF OAANGF, REGARDING THE HUNTINGTON CENTER COMMER_IAL DISTRICT REDEVELOPMENT PROJECT AREA :E This agreement is made and entered Into this ,�,• day i ' of , 1987 by and between the "COUNTY OF ORANGEr the CITY 0! HUNTINGTON BEACH a municipal corporation of the State of California, (hereinafter referred to as *City"); and the REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (hereinafter referred to as "Agency")l RECiTAi.B WHEREAS, Agency is a Redevelopment Agency existing pursuant to the provisions of the community Redevelopment Law (California Health and Safety Code Section 33000 et. seq.) which has been authorized to transact business and exercise the powers of a Redevelopment Agency pursuant to action of the City Council of the City of Huntington Beachi and pursuant to Section 33327 bf the California Health and Safety Code, Agency notified the County Tixing Entities on or ,about August 24, 1981, of its intention to prepare a redevelopment plan entitled "Yuntington Center Commercial District" (hereinafter referred to as "Plan") for the Project Area described in Exhibit "A" (hereinafter referred to as 'project Area*); and The Plan contains provisions for the distribution and allocation of property tax revenues derived fro'n property �.t :l ---s"i•4'FIT+i�}'•;t^�'wT'+•r'� •`.«'.F ^ ~i' _ •';a•I�r-! f �!'7rt •i•..�w.r � .Iy - _ • �it-,re•:�--.:5•kf,..�. '�'�:,;' _�:'•�, tip, �. �!,.•, ,�ti'c} �Y •�.,Q?'1'.•�•" ,� ;' sty... 1 s•`P .J.•`. {?V • f�• o T� � � .-r •t` +y}..+}Sat. •r 1. `. .'r'tt .; :?! .v. .,�,t� is :. ;.'{tip-•cf_. located within the Project Area to the Agency pursuant to California Health and Safety Code Section 33670(b) (hereinafter referred to as "Tax Increment")i and Meetings have been held by representatives of the County of Orange and representatives of the Agency to discuss the fiscal Impact of the Project on County Taxing Entities: and The City Council and the Agency held a joint public nearing �. on November 19, 1984, for the purpose of considering the approval and adoption of the Plan= and The City adopted ordinance No. 2743 on November 26, 1984, approving and adopting the Plan including the use of tax increment financings and Pursuant to California Health and Safety Code section 33401, the Agency may pay to County Taxing Entities as a taxing agency with territory located in Project Area, an amount of money which, in the Agency's determination, is appropriate to ' • s alleviate any financing burder or detriment caused to County Taxing Entities by the Project; and ' The parties agree that the allocation of all the tax incre-sent revenue to the Agency as a result of the .iaplenentation of the Plan as proposed would cause a financial . burden and detriment to the County of Orange, and whereas, it is for this reason, and to amicably resolve and differences regarding the ]egality of the Plan, that the parties hereto enter into this Agreement. NOV, THEREFORE, in consideration of the covenants and conditions contained herein, the parties hereto agree as follows; -2- . • � � \ Y� TI \ r � . w - • J}'j �f `ft ..• .L iK•� sli f�.; •...: I..S r !•f4.i i•J lr .r: i'�,/,i. 'r�i .4'•;11/• r t� � 'f , ..: y 'f'`?r. ;�/.•r.., y � .. •rri :', r '6 A I ,� e + •,-� J• J F Ir � 1� fi'1. �>rs i 7J yA1Y "•� - '� I�y aS J �-+�- _ ;- •J r w.Y.�a {y.} _, •;J�,,� .� %�ri 1T ��'� �;. y.Y"J!clr �y t, ��A7 ♦. ;. .,. -iy'• ljtd `•�~'i�,� 51��.,+Af �'y�y{ y,+!•�;::•y,�/ '• � ••.}}n ,•1- �.� �i ���7. � t wi.?.,":.•�. '. y••r^{' sSrri. ;•f r•�.. :� �� .{ 1 �„•,, S�1I ` :1iV -•;J,# �•J� i,•. dil�,.t arF�{i%rr �k .,[..;'1.ti. 'fir',"; fr-�riY,� 'k jtr •'�'.f S • �.• �tN r; }.i•�.�t�! 3 4���d iY ! - r i'I ;NINY ,�'r'•IC h a i v' i llV - �' f ^-r•t' ifJ x�r+;'fJ-i +,�fi-. y'.+*' S• t �•-�.1 5 y.�. .�t� t� l+ idyl•. r..�`�„•.I.••,'•s f �... • ••~} ,' 7 ^,r tIt JI�'+111 f. ir, �• rrrr t.,^ 1{{ff:.y t-f y�rt ^�t'�• S �'1 d., r. r'{ .rr. +�y •- r '•,t iM ••r( rf rr._..t.....i,.; ya•r •,t•�r�`J ✓�11.",� �2, h �i7.�-� 'iY"' Sit �`r: '•,7�''• r •i��r•� �� N•'f [ �• ��4Q•.+•'- ` j�y ',��.5:�= �y.{�.r .,�+I r�y�:�.';'�1y M. •w�� 'ir �.�1 r PkYMtNT TO THE COUHTY: (a) Subject to the Provision$ Of Part of this Section 1, In each year# commencing with fiscal y*4r 2000-01, 0!, .74,p e, that taxes are allocated to and roCeiVed by the Agency pursuant 670(b) of the California Health and Safety Cod* or to Section 33 } � S< iti • Yr}S*_ � �' �% �f l�. �', "�'%.'yr � ha, t.�i1h �. ...r.?,i � ' 1.: : sG .� �'r'''•.'•%. : , a y , r �J �• •in' •.ice 7'1 '•` • �,• �2. •'tia r •t' ty Its successors# from the Project Area described In Exhibit Ar L­q the Agency will pay (net of and after deducting twenty percent 1201) of tax Increment funds set aside pursuant to section 33334.2 of the California Health and SafetY Code: (I) to the County of Orange General Fund nine (9) percent of the amount so 41 allocated to and received by the Agencyl and# unless and until those flood control improvements described In Exhibit "on hereto (which is Incorporated herein by reference) are substantially completed (11) two and one-half percent (2.51) of the amount so allocated and received by the Agency to tbt County of Orange F. �• ���•' �' PlGod Control District. •s, ,•+ F•,,' •mot • (b) During and for the Initial sixteen (16) years in which tax Increment is allocated and received by the Agency ho money* shall be payable by the Agency to the County pursuant to this Agreement. 2, CONDITION OF PAYMENT: Payments to the County of orange as set forth in Section 1 above, are subject to the following conditions and (a) Agency's obligation under this Agreement Is deemed is 'r �-' �" ; '•••f t f r�� F �' `!r'� r ••�. . y ? •}i .1 safety Code Sections 33670 and 33675. 49 NN .II .tii' �+j,_ •t.r• •�'' •r•wy !Y �.1. /•r•s r �r(+y `• �� r'•,• 1••jg,r..• p a 4 Y. ._' t '�Y,•• �. - 44 r•.'}•��► +i[,Y r. t'. •,r Y•J� ,+r.: `i n :>• •'a�5• �•��+a.�=� l..l�,i :ate. ••. -•� •''* ,�, •t } �••' r.... }-!�.�.-..tom • ..r •r r�:M rr•jf •,:5 .-[ti h;'L •in,, - ••y-C.:i ♦.� • _1 J •rri tfi �' S � I,7 1 _ •r •► .r ryi • ='L�L : ro •i., -,'•t J l,- rUJl �•;.. ^ �`,. fit.' _` ;1! y�+ .f H ti, f.• .�,. ••'t i 't .I •.•-.�• .f, +-,. :•i' r �.. r�T1 `r«f� f,' it Tr.. i"r .!y ^t i' f >•..i �'t1Y.�.t•, ,•'• -a. •44L `t ... ,-�J��I `r•'k L,. ..r t {,.•�i•••.�� r ..j. {,� +s �Ii- ..7 !t ♦ � v•r� 1 r_e'in':i T•� ,.a,_ 1... ti•f 1•��'s. •. i'F"•'•� .-,ti r � 3' y • S _� } -� ..a.• .'f•l.ri: • r-,1•-`'xr 4r -;� •y. is�C t %[[ , T��, t •' �r ��'yLrl• i'''_ � ,." i.'�. .: !.l 1r .; IF +. qr - �r � {r + ylt .7.•t ,•- >• r " . I 5�•�•" :i r H rr. +,.•� .rV i C- t .!+i �.•;�•,5', {tetii„ ►[ !y� jr�,j.-�I .t,+' �' : L fry • • f•� 1 a •{t q!s • rf� �y4 •,• _ .l �f 'rj .Sry�S r.� i•`5 .•�•!•,' � �„ `r~.k•Y .,•t'►: {' • �• y r �.'}nf�xwr •i t•T-���• �i�r-�S'•tiC f• •�1 ft1, 33 `�-!'��' 'rJZ':y.. ;• '`mot r. �� ..Cl+ i-•t..:�lr -jti �.�t•;'Z-.1. �' ,r.�.' •i�.',•. ••►� . .' .4i ..r�F, .1'i• al'-J•� + ,fw, �;-�`°k.5 t`� �:.: H. n'r r,;.- Sr •y}-.: �,t •r',t,,,.+.. ,ta,; :Hr`•k. t'r .' 'r'r Ja'-��� t I •�_ i;a' ;'`!� ,',i•v• ,;Y. :;•.'•'+'-� -1 � 7 �� a� ,7+M i .J•.Y ,.,L:1�•-.r:::c`'' '•'. •.e :'. .;.�. -,. + . `t e. .+ r., j. t,.[' "'r:•S t �:•.{h• y t�i•J��:�r'•j':C••.ea!'�•� il�•�,,'wr��•=#.••' r ••+r r (b} Following completion of the�sixLeon-year initial period pursuant to part M of Section 1 of this agreement, the _,:::.;�,.: 'Agency shall pay to the County of Orange from lax Increaent, net F; ,i :, of -funds deposited into the Agency's Low- and Moderate -Income Housing Fund, -amounts due pursuant to this -Agreement during each .,• fiscal year within a reasonable period after.Agancyreceives'the..., �] tax increment allotment from the Ccunty•Audit or -Controller ,.._. "•: iprovided that payments in'relation to allotments received ;i ,,between July .l and December 31 of any fiscal year, shall be made •'''= r,'� later than the following February 28Fsand that payments In relation to allotments received between January 1 and June 30 of.., �' , •.;i a;•�i "� 'any'fiscal yeor, shall be made no -later than the following = pr ),' , . - August 30. (c) It is understood that certainamountsof the taxes allocated to the agency pursuant to Section:33670 of the 'California Health and Safety Code must be set Jasidt by Agency. in+' �`" �•� s" special funds to service bonded indebtedness.and meet the, Agency's ,obligation under Health and Safety Code Section ; '• `"•' i. `: 33334.2. The Agency's obligation to make the above -referenced ` *., ?,`• :... payments to the County of Orange shall be subordieated ao the . _ �,�•, - �: •' "t,4,i. !Agency's obligation under:ltealth and Safety Code Section 33334.2' .::�' -t."p, _ and -to bonded .indebtedness heretofore or_hercatter incurred. by.'" the Agency in the course of,the implementation of the=. ? ''►" t , Redevelopment Plan. If, during any fiscal year, the Agency is {,,tunable.to pay the full amount due and owing to the County Taxing '=Entities pursuant to this Agreement -for the applicable, year (which shall be the immediately proceeding year, , commencing withAs {' I� ...the sixteenth year), such deficit shall be paid°by'the'Agency' ` 1,. •'- trt vr�-j •r -~+F. J�1• %� 1� ,r `��-5 �'��!i -•: I , .{ '-1 � ,.� •, •�''rk •. %.t � d` 1� •3 • � � t,ty��•r j �^i i ro• �k��.t.�'I itY �a^ FF r�:'r'`.�4'.t •r� � � 14. �!�•J yar i}, 1 .�� . �� , r 1 ,, r_y :y, (a� 5�•+ r .1 �, • .,}�5. • ' ]^ Si �1{ f�,1 '"'.\iY. •1 C11 i^' 1 1, r '! ♦ ,mil t'. f`},,,{ / ,.4! 1 �• f h r`,. :. ♦ I +i '�- F- �� . '� l / l_���•t• I , `mil 1 zei pursuant to this section in the following fiscal year. The �i ~,} �� •,•+'�`'i: {< _ r't[•!"!� +•r�'"lii il�rSj ' �,. � 1� t: _*•.J..;.�• �, j.�; : �iY } -►J� '• 'r.. '�Y ,}.'> / � _ ,,'y�'�r'ti`1 %ti:�, , •tJ� ~ - Y•a�=st...'.J.ti �•�" ,:.1' �`���•:.'R �'# '" U.:.•yr�,;��isyr1 •;J'�t,�tiJ.�:tr• f ,♦ `fir'••: ♦•J..parties agree that said deferral is necessary to accomplish the A* Jo urposgs of the Redevelopment Project at an earlier time that '•-t��N�4 ate• .. f,.•r.�-;'.{wfN •f .T. •�� uld otherwise be the case in that such deferral would allow 44 for issuance of bonds with a higher principal amount. L... .{, '•J�,� F E1'•' ":f shall be limited to Tax Increment from the Project Area received by the Agency. The City shall have no financial obligation by virtue of this Agreement, and shall n2t be responsible for the discharge of obligations of the Agency herein. 3. OPPOSITION TO REDEVELOPMENT PLAN: •'• •'1 lr: 'sryy'���The County ofOrangethat It will Plan, or the adoption or approval of such Plan, or any of the : r'• 5' r'1•• '�•y 14 participate In opposition to the Agincy in any lawsuit attacking 41 or.0therwise questioning the validity of the above Redevelopment Y. it �f +'Y • :' y.•'�,_. ..,.'�i.•� findings, determinations or filings previously made.by Agency or City Council of the City In connection with such Plan or Its Ir ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Agency and the County of Orange vith r*espect to the matters , to., set forth herein, and any changes, modifications or amendments thereto shall be legally binding and effective only upon duly executed written amendment hereto. So EFFECTIVE DATE: This Agreement shall become effective the date last executed below and shall continue In effect until Agency is •'• - .. 1,''.1 Y.J'`'� ,.• "{• law, !'j•�! y .�.... :t: 'a' � .�t, !' tea'., � ` _•.• 1,t epr'., t tl .•� 4 ss .I' � 1'ti •Tr-,.�-•f+•w_-.r..a...•r�!.. w'•t,.r.r`�'t'.t„`•ti`O!f..�"r.ti.'r'�^•��•�I�••r.'�..•�r�..: .1 'rM1r•�` rye • j •� -�t + ;li; •t. tl- �•s! � : ..-'ti•�. .]I� J •1 y�.ti-.:�. t' +ry •.1L j ,S� � � a1 .E 1\'�rr• + 1�.%/i ~r� ��'• •.1 f^ y.�t'F.r Syr +•i r,� {1••� 1„1 .h.; i '..1 .,� •. :': ]r] •;� y-�L?r•,►� ��. r`L,= rl.; � - 1.1•f .'.;i^/ f;r f�J ,r h �3 •'t ,y7-dl^,�}•:w•\�• �1. iyl t,�'\.f,�l.r / .J:.:i;f '\'•. •i ` ' ! .'%•{;f•• , I �, >•;r� ` '� r S. , i �,: h' '/.;; �,j H _{� 1 1 •�r„�� ` •'mil• 1 ,•, •{T � �>= 1 '.i• frt„ •. �.�� ,i.?. r �'�ti-at'v-_'Y'"Irlf }�,�.`� ^�ti+ f�` S �.-. � •�r •. r� � � ':-1• �1• '� JJ1 r'. I•• 1 1 4 4' .r-,,•\;j i•1t. .:r.� �., ��,7 'r M1f J,'{; y•ay_ �. `•-�` \-••J 1. •r-� 7. 'e• +', .T �••� }•���•1l-. �•-.� •'f�•:r}x -'•'� C. �>>,3 �'. tea:-.r•��' .•,'.,r f.t,s �.••."+4>.L•?.:r r7'.Y y.�` \+rl.: �. .t _ � •>�� ! '` ,1 { ' I . '# [ w ,f.• ter• I'f•. 1. 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S Z :- � _.�~. � .. .'t K. S IV•1b ;1o, o t f 7-Z d activated pursuant to Section 33141 of the California Health a:d Safety Code or Its successor. IN WITNESS WHEREOF# the parties hereto have executed It t on the data first vfLtten above. Y's) Agretme ry D QRANCEVjkWAq. loAko of CITY OF HUNTINGTON 119ACHIREEVELOPMENT ACENCY 0 CITY OF HUNTINCTON -9`1 ob I $IGNED AND CERTIFIED THAT A COPY OF aCyyTmismyvil HAS Offm DILIVERED TO THE CHANMAN OF THE BOARD. cif li:'Vr-.�r i1�••.r+�j By: -An LIhDA D. ROBERTS Cerk of It e Board of SuptnAlsors Mayo C c4tmty of Oramgf, cififomil A At 110 ATTEST: ?YO, f - TIL� City/AgenCy Clerk APPROVE AS TO FORM: APPROVE AS TO City Attorney of the City ot gency Counse Special A Huntingten Beach & Agency counsel e 41 APPAPVED- REVIEW71) AND APPROVED: Administrat-7— City Administrator/ChiqlQ— DeRuly city or trecutIve offIcer 4' k 0 4 10 A le ;r el 9p ol - 77,T- . e. 7 j 43 }.'��• �1••`` - � r� _ �-- 4�.,•a �,4 '•i•,�• .r-•.:- 4 4•�e• �.-r: --�f.'�:'r'��L:-ter .l,r' _ _ '�}'i 3 r• .w--r':'• .r;f' .ter ?-�,.� �'• . �. fn -•'TT •, �. - `----,: =��.5- -.�•' • - r, • r•,—pg:-M--.:Y.�sr _. .:a_�• yf �i'..�i. 4+�"•'y�'_-2 ram, •� is4t.--.). _ .•'•� rt ,,� .ter...,. `-. •.w:4':I�rrtitie•:ih���.�`-^ +%.• 'Lk wY2i�:.3%•.-w..:F ::-7•%rt.:^,��-�-L`: • 1.,,. - - . y.• L � � Wit•--rr,,,l . _ <• • .- ram. ,' �'1� 4 •L•• , `. ^� r.--i "ter �' ` •r:., �r-w. .3i �%�•�. :�. �~R, �r.A: '� ,rt ,.+ "�•. 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't�,� �•.` .1\\• .••r .i:. y# T.`•. .1..• .1�,. •1•-1 1•i• .•r .'' _ ��. :i. ,• f• •:•z • J'.•/"-•,�•: r'a.• • :•t P,i{.'i. r-.', J'-' 'Ta•:L�.• 'if :r t': ':.�. } tir i-:• _r• -f: ti a =• 1 r•�r\• • C• .S�• .-t }`Irk f •�•; ;r •� •i• : a[i -' ' r` •i Y•y T:'� �+' .�; k�' •r:r �� :y^'1. r, ♦;r.� Jr� .4, _ •1. •�' •i• .µ -L.,r: •:•T�•;•,• - r.•.. :a.. r�, •�}a .'y t•� :r•'r • •�' -tir•. -(: -L.:�• `r--- • �.-- f.,:f�.T,•-#� '-kr�. ,z~ `. --+' -1: ��..-:T..�..:'Y y.r. tir�e•i.'•:t.• -+• .�Jr. :i'^•.;1: .y - i _ _ -� _ 'r~ . `�' .1� :1,T �f. .l ,r •t +<`•:i• ,}y 'r•\•. i�..• •,a •r �.'r�''.r. �. �..: •_��. .i, � •.any •�-!� '+ , # �,. .tr' i�;::f•'� i 'r i 1 i• L r:'1y�� •t'.. -�.�"'i'��'�v`a�i;'`• , *:":. r, a. ,:.y �+� l,:ai I� i� f i, JL"- ;.r`.....�.a+wws�s.:.�F..y.�wa+.-•ir�:+r �rr■r�•.\.■�...�.. +�.-w+.r ..+...r...:�.. s/�- REC..,EST FOR CITY COL,.JCIL/ - REDEVELOPMENT AGENCY ACTION RH 97-27 Dabs April 10, 1987 Submitted to: Honorable Mayor/Chairman and City Council/Redevelopment Agency Members .. Submitted by: Charles W. Thompson, City Administrator/Chief Executive Officer Prepared by: Douglas N. La Belle, Deputy City Administrator/Redevelopment INCREMENT SHARING AGREEMENT - COUNTY OF ORANGE - Subject: HUNTINGTON CEN R PRO ECT AREA Consistent with Council Policy? tiles t ] New Policy or Exception ! �� Statement of Issue, Recommendation, Analysis, Funding Source, AlternativeAciis�rt tt{.; CtL i cJ STATEMENT OF ISSUE: y - At the time of the adoption of the Huntington Center edevelopment Project fire l Agency and County staffs reached agreement on negotia iQ�i�s-5#rn �rra� ' from this project area with the County and the Flood Co t acTied for the Council/Agency's consideration is the agreement to facilitate this tax increment pass -through. RECOMMENDATION: Approve and authorize the Clerk to execute the attached agreement between the City of Huntington Beach, the Redevelopment Agency, and the County of Orange and its Flood Control District to pass -through tax increment from the Huntington Center Redevelopment Project Area. ANALYSIS: As part of the process to adopt a new redevelopment project area, the Agency staff is obligated by State law to consult with all taxing agencies which may be fiscally impacted by the adoption of the new project area. Consistent with this, at the time the Huntington Center Redevelopment Project Area was in preparation, Agency staff met with representatives of the County of C6nge to assess the fiscal impact to the County by the adoption of this plan. At the conclusion of this fiscal review process the staff of the Redevelopment Agency and the County of Orange reached agreement as follows: # The Redevelopment Agency would agree to "pass -through" nine percent (9%) of the tax increment f i•om the Huntington Center Project Area to the County of Orange general fund and an additional 2.5% of the tax increment to the County of Orange Flood Control District. * Such payments would be waived for the first 16 years of the Huntington Center Redevelopment Plan. P05t4t' Fax Note 7671 Date 12J pages* Of To From 'S Co pt Co. Phones Pnone Fax t G f Fax # ,Ak t I RH 87-27 April 10, 1987 Page Two * The amount on which such percentages are calculated shall exclude the 20% housing set -aside required of the Agency. • * The obligation to make payments to the County of Orange and its Flood Control District shall be solely an obligation of the Redevelopment Agency and shall be considered a debt of the Agency. Such payments shall be subordinated to any bonded indebtedness which the Agency might subsequently incur. * The 2.5% contribution to the Mod Control District shall end if, at any time, the District completes improvements identified in Exhibit B. The attached Agreement has been reviewed and approved by the City Attorney's Office and by the Redevelopment Agency Special Counsel: Stradling, Yocca, Carlson & Rauth. ALTERNATIVE ACTION: Do not approve the attached Agreement. l"UNDING SOURCE: "Pass -through" payments are payable solely from tax increment generated by the Huntington Center Redevelopment Project Area. while payments represent a debt of the Redevelopment Agency they do not constitute an obligation of the City or the State. ATTACHMENT: 1. Agreement. CWT/DLB/SVK:sar 1322r •S r, jaft j,., i• •,\t ��y' � k'�y"," � �1_..-�.j ���y ..H'.7 a15'3�'1 *��'._ -' T 1 `� 4 r REQ'' ST FOR CITY COU IL/ REDEVELOPMENT AGENCY A TION RI 1 27-27 Drta April 10, 1937 Submitted to: Honorable Mayor/Chairman and City-Council/Redevelopment Agency a bers •'; Submitted by* Charles W. Thompson, City Administrator/Chief Executive ifice , Prepared by:Douglas N. La Belle, Deputy City Adminlstrator/Redevelopment : Y INCREMENT SNARING AGREEMENT - COUNTY OF ORANGE - Subject: HUNTINGTON CENTER PRWECT AREA Consistent rath Council Policy? Sri Yea ( 1 Now Policy or Exceptior. Statement of Issue, Recommendation, Anstysis, Funding.AyroSours, Atteptrtl+c-�yTIP imp. STATEMPNT OF ISSUEr T At the time of the adoption of the Huntington Center edevelopment Project Agency and County staffs reached agreement on negoti3 ipas. oii+errt3s'i�'•rw,usftK 4 from this project area with the County and the Flood Co for . the CounrWAgeney's conslderatlon Is the agreement to facilitate this tax Increment ' pass -through. RECOMMENDATION, Approve and authorize the Clerk to execate the attached agreement between the City of Huntington Beach, the Redevelopment Agency, and the County of Orange and Its Flood Control District to pass -through tax Increment from the Huntington Center Redevelopment Project Area. ANALYSIS - As part of the process to adopt a new redevelopment project area, the Agency staff Is obligated by State law to consult with all taxing agencies which may be fiscally Impacted by th•: adoption of the new project area. Consistent with this, at the time the Huntington Center Redevelopment Project Area was In preparation, Agency staff met with representatives of the County of Orange to assess the fiscal Impact to the County by the adoption of this plan. At the conclusion of this fiscal review process the staff o: the Redevelopment Agency and IN, County of Orange reached agreement as follows: • The Redevelopment Agency would agree to *pass-thrc--Sh" nine percent (9%) of the tax Increment from the Huntington Center Project Area to the County of Orange general fund and an additional 2.3% of the tax Increment to the County of Orange Flood Control District. • Such payments would be waived for the first 16 years of the Huntington Center , Redevelopment Plan. MOaM 1 -7 Ti RH 97-27 t, April 10, 191, J Page Two I1. " I Z .41 J! k. AP "N a V c 'I -Ai,�% v mount on which such percentin2es are calculated shall exclude 1he 20% M: -Z set-oslide required of the Agency. bIlgatlon to make payments to the County of Orange and Its Flood Control �t shall be solely an obligation of the Redevelopment Agency and shall be 'ered a debt of the Agency. Such payments shill be subordinated to any 1-P Indebtedness which the Agency might subsequently Incur. ;3% contribution to the Flood Control District sh4Lll end If, at any time. the zt completes Improvements Identified In Exhibit B. ,ed Agreement has been revIe%ed and approved by the City Attorney's' by the Redevelopment Agency Special Counsel: StriedlIng, Yocca, Carlson M YE ACTIONt t rove the Attached Agreement. I PURCEr 1gh* payments are payable solely from tax Increment generated by the Center Redevelopment Project Area. While payments represent a debt of z1opment Agency they do not constitutit an obligation of the City or the Jr ment. fK.,sar Oar t6. 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