HomeMy WebLinkAboutIntroduction of Ordinance No. 3792 Amending the Redevelopmen D I/a 2 1 A-a c -Qb J
Council/Agency Meeting Held: S D
Deferred/Continued to' / lIqldooL �.�
`4Approved ❑ Conditionally Approved ❑ Denied City erk's ignature
Council Meeting Date: 11/5/2007 Department ID Number: ED 07-45
CITY OF HUNTINGTON BEACH
REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor d Members of the City Council
SUBMITTED BY: Penj�iope�Culreth-Graft, DP , Cit Administrator
PREPARED BY: Stanley Smalewitz, Director of Economic Development �;k
SUBJECT: Adopt Ordinance 3792 to Amend the Huntington Beach Redevelopment
Plan, Extending the Plan Effectiveness Deadline, Payment of
Indebtedness Deadline and Tax Increment Receipt Pursuant to SB
1045.
Statement of Issue,Funding Source, Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s)
Statement of Issue: As a component of the FY 2003-2004 State budget, the Legislature
adopted SB 1045, which required every redevelopment agency to make a payment to the
Educational Revenue Augmentation Fund ("ERAF"). Agencies that paid are permitted to
extend, by one year, the time limit on the effectiveness of the plan and the time limit on the
receipt of tax increment funds. In 2003-2004 the Huntington Beach Redevelopment Agency
paid into the Educational Revenue Augmentation Fund (ERAF). By adopting an ordinance,
the Huntington Beach Redevelopment Plan is amended to extend these limitations.
Funding Source: Not Applicable
Recommended Action: Motion to:
Adopt Ordinance 3792 amending the Redevelopment Plan for the Huntington Beach
Project (or also known as Merged Project) Area extending the Plan effectiveness deadline,
repayment of indebtedness deadline and tax increment receipt deadline pursuant to SB
1045.
Alternative Action(s):
Do not approve the ordinance. As a result, time limitations will remain in place.
Ordinance No. 3792
Pier Area beyond ten years from the date of termination of the
effectiveness of the original Redevelopment Plan for the Original Main-
Pier Area, or September 20, 2033.
D. Added Main-Pier Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Added Main-Pier Area shall expire on September 6, 2024.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
California Health and Safety Code, no indebtedness shall be repaid from
the division and allocation of taxes to the Agency from the Added Main-
Pier Area beyond ten years from the date of termination of the
effectiveness of the original Redevelopment Plan for the Added Main-Pier
Area, or September 6, 2034.
E. Oakview Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Oakview Area shall expire on November 1, 2023.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
California Health and Safety Code, no indebtedness shall be repaid from
the division and allocation of taxes to the Agency from the Oakview Area
beyond ten years from the date of termination of the effectiveness of the
original Redevelopment Plan for the Oakview Area, or November 1, 2033.
F. Huntington Center Commercial District Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Huntington Center Commercial District Area shall expire on
November 26, 2025.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
California Health and Safety Code, no indebtedness shall be repaid from
the division and allocation of taxes to the Agency from the Huntington
Center Commercial District Area beyond ten years from the date of
termination of the effectiveness of the original Redevelopment Plan for the
Huntington Center Commercial District Area, or November 26, 2035.
Section 3. Application. The limitations established by this Ordinance may
only be amended in the manner required and to the extent permitted by law.
07-1222/14429 4
Ordinance No.3792
Section 4. Certification and Publication. The City Clerk is hereby ordered
and directed to certify the passage of this Ordinance and to cause the same to be
published in a newspaper of general circulation, published and circulated in the City of
Huntington Beach.
Section 5. Partial Invalidity. If any part of this Ordinance is held to be
invalid for any reason, such decision shall not affect the validity of the remaining portion
of this Ordinance, and the City Council hereby declares that it would have passed the
remainder of this Ordinance if such invalid portion thereof had been deleted.
Section 6. Effective Date. This Ordinance shall be in full force and effect
thirty (30) days after the second reading.
PASSED, APPROVED,AND ADOPTED this 19th day of November , 2007.
THE CITY OF HUNTINGTON BEACH
Miyor
ATTEST: APPROVED AS TO FORM:
r
ty lerk Ci Attorney I I
REVIEWED AND APPROVED: INITIATED AND APPROVED:
Director of Econ4nic Development 'CCity Ad inistrator
07-1222/14429 5
Ord. No. 3792
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN, 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 ordinance was read to said City Council at a regular
meeting thereof held on November 5,2007, and was again read to said City Council at a
regular meeting thereof held on November 19,2007, and was passed and adopted by the
affirmative vote of at least a majority of all the members of said City Council.
AYES: Bohr, Carchio, Cook, Coerper, Green, Hansen, Hardy
NOES: None
ABSENT: None
ABSTAIN: None
I,Joan L.Flynn,CITY CLERK of the City of Huntington
Beach and ex-officio Clerk of the City Council,do hereby
certify that a synopsis of this ordinance has been
published in the Huntington Beach Fountain Valley
Independent on November 29,2007. a
In accordance with the City Charter of said City s
Joan L. Flynn, i_ Clerk Cif/Clerk and ex-officio erk
Deputy City Clerk of the City Council of the City
of Huntington Beach, California
RCA ROUTING SHEET
INITIATING DEPARTMENT: Economic Development
SUBJECT: Adopt Ordinance to amend the Huntington Beach
Redevelopment Plan Pursuant to SB 1045
COUNCIL MEETING DATE: November 5, 2007
;RZA ATTACH ENTS STATUS
Ordinance (w/exhibits & legislative draft if applicable) Attached
Not Applicable ❑
Resolution (w/exhibits & legislative draft if applicable) Attached ❑
Not Ap licable
Tract Map, Location Map and/or other Exhibits Attached ❑
Not Applicable
Contract/Agreement (w/exhibits if applicable) Attached ❑
(Signed in full by the City Attorne ) Not Applicable
Subleases, Third Party Agreements, etc. Attached ❑
(Approved as to form by City Attorney) Not Applicable
Certificates of Insurance (Approved by the City Attorney) Attached ❑
Not Applicable
Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑
Not Applicable
Bonds (If applicable) Attached ❑
Not Applicable
Staff Report (If applicable) Attached ❑
Not Applicable
Commission, Board or Committee Report (If applicable) Attached ❑
Not Applicable ❑
Findings/Conditions for Approval and/or Denial Attached ❑
Not Applicable
EXPLANATION FOR MISSING ATTACHMENTS
REVIEWED RETURNED FORifi/ARDED
Administrative Staff ( ) ( )
Deputy City Administrator Initial ( '� )
City Administrator (Initial) ( '
City Clerk ( )
EXPLANATI.OU FOR RETURN OF ITEM:
r
RCA Author: Runzel
Huntington Beach Independent has been adjudged a newspaper of general
circulation in Huntington Beach and Orange County by Decree of the Superior
Court of Orange County,State of California,under date of Aug. 24, 1994,case
A50479.
PROOF OF
PII LICATI""N
STATE OF CALIFORNIA ) -
CITY OF HUNTINGTON BEACH.
SS. ' LEGAL NOTICE
COUNTY OF ORANGE ) ORDINANCE NO.3792
Adopted by the City Council
on NOVEMBER 19,2001.,
"AN ORDINANCE,QF,THE
am the Citizen of the United States and a CITY OF HUNTINGTON
BEACH` AMENDING''THE'
resident of the County aforesaid, I am over REDEVELOPMENT; PLAN!
FOR'.THE-HUNTINGTON
the age of eighteen years, and not a party BEACH PRo7ECT (OR!
ALSO KNOWN ASS
to or Interested in the below entitled matter. MERGED' .PROJECT.){
AREA..,EXTENDING, THEII
I am a principal clerk of the HUNTINGTON ,PLAN EFFECTIVENESSi
,DEADLINE, REPAYMENT'
BEACH INDEPENDENT, a newspaper of of INDEBTEDNESS)
;DEADLINE AND TAX IN '
general circulation, printed and published in 'CREMEN;T RECEIPT;
DEADLINE: PURSUANTI
the City of Huntington Beach, County of TOS131045"
Orange, State of California, and the 'ASNAPCOMPONENT OF
'THE FY 2003-2004
attached Notice is a true and complete copy STATE BUDGET; THE.
LEGISLATURE ADOPTED
as was printed and published on the SB 1045' WHICH RE-
hVERYfollowing date(s). VVELOPMENT UIRED AGENCYDTO'
MAKE A PAYMENT, TO
THE EDUCATIONAL REV-i
ENUE AUGMENTATION:
'FUND, (ERAF). AGEN
,CIES THAT PAID ARE,
PERMITTED TO EXTEND„
BY ONE YEAR,THE TIME i
LIMIT ON THE EFFEC-
TIVENESS OF THE PLAN
NOVEMBER 2 9, 2 0 0 7 AND THE TIME LIMIT ON
THE RECEIPT OF TAX
INCREMENT FUNDS. IN
.2003-2004, THE. HUN-
TINGTON O BEACH REDE-
VELOPMENT AGENCY
PAID INTO THE ERAF:BY
ADOPTING AN ORDI-
NANCE, ,THE HUNTING-
TON BEACH REDEVEL-
OPMENT PLAN IS
AMENDED TO 'EXTEND
THESE LIMITATIONS.
PASSED AND ADOPTED
declare, under penalty of perjury, that the by the City Council of
the City of Huntington
foregoing is true and correct. Beach at a regular.
meeting held November.
19, 2007,by.the follow-
ing roll call vote:
AYES: Bohr, Carchio,
Cook, Coerper, Green,
Executed on NOVEMBER 2 9 2 0 0 7 Hansen,Hardy
� NOES:None
at Huntington Beach, California ABSTAIN.None
ABSENT:None
THE FULL TEXT OF THE
ORDINANCE IS AVAIL-
,ABLE IN THE CITY
CLERK'S OFFICE.,
This ordinance is effec-
tive':30 days after
adoption.
Signature CITY OF
HUNTINGTON,BEACH
2000 MAIN STREET'
HUNTINGTON BEACH,
CA 92648
714-536-5227
JOAN L.FLYNN;
CITY CLERK
Published Huntington 1
BeachIndependent
-
November 29,2007
115_15,6I
REQUEST FOR CITY COUNCIL ACTION
MEETING DATE: 11/5/2007 DEPARTMENT ID NUMBER: ED 07-45
Analysis:
As a component of the FY 2003-2004 State budget, the Legislature adopted SB 1045, which
required every redevelopment agency to make a payment to the Educational Revenue
Augmentation Fund ("ERAF"). Pursuant to SB 1045, agencies that paid are permitted to
extend, by one year, the time limit on the effectiveness of the plan and the time limit on the
receipt of tax increment funds. The Huntington Beach Redevelopment Agency made an
ERAF payment of $348,157 in 2003-2004.
This amendment is exempt from the public hearing and noticing requirements of Section
333354.6, Article 12 (commencing with Section 33450).
Upon adoption of this ordinance, the Merged Project Areas of plan effectiveness and debt
repayment will be changed to:
Adoption Termination Plan Debt
Sub-Area Adoption Date Date Effectiveness Repayment
Yorktown Lake Ord. 2576 9/20/1982 9/20/2022 9/20/2023 9/20/2033
Talbert-Beach Ord. 2577 9/20/1982 9/20/2022 9/20/2023 9/20/2033
Original Main Pier Ord. 2578 9/20/1982 9/20/2022 9/20/2023 9/20/2033
Oakview Ord. 2582 11/1/1982 11/1/2022 11/1/2023 11/1/2033
Added Main Pier Ord. 2634 9/6/1983 9/6/2023 9/6/2024 9/6/2034
Huntington Center Ord. 2743 11/26/1984 11/26/2024 11/26/2025 11/26/2035
By adopting this ordinance, the Huntington Beach Redevelopment Plan is amended to
extend these limitations.
Strategic Plan Goal:
Financial — Create long-term financial strategies for funding the backlog of capital projects
and maintenance requirements, and ensuring sufficient reserves to withstand major revenue
fluctuations in order to endure continuation of city services during economic downturns.
Environmental Status: Not Applicable
Attachment(s):
• -r Noie - ® o
1. Kane, Ballmer & Berkman Memorandum dated September 25,
2007
2. Ordinance 3792 to amend the Huntington Beach Redevelopment
Plan, extending the plan effectiveness deadline, payment of
indebtedness deadline and tax increment receipt pursuant to SB
1045.
-2- 10/23/2007 3:34 PM
I
ATTACHMENT # 1
KANE, BALLMER & BERKMAN
A LAW CORPORATION
515 SOUTH FIGUEROA STREET,SUITE 1850
LOS ANGLES,CALIFORNIA 90071
TELEPHONE(213)617-0480
FAX(213)625-0931
MEMORANDUM
TO: Leome Mulvihill, Esq.
City of Huntington Beach, Office of the City Attorney
FROM: Murray O. Kane and Davey T. Kim
DATE: September 25, 2007
RE: SB 1045
FILE: 150-1
SB 1045
In 1992, the State Legislature enacted Educational Revenue Augmentation Funds
("ERAF") to reduce the State's obligations to fund education costs and reduce a portion of
the State's budget shortfall. ERAF reallocates a portion of property tax revenues due local
governments (counties, cities, special districts, and redevelopment agencies) to fund certain
educational costs, thereby reducing revenues allocated from the State General Fund to fund
school districts. As a component of the FY 2003-2004 State budget,the Legislature
adopted SB 1045, which required every redevelopment agency to make an ERAF payment
to the applicable County Auditor for the 2003-2004 Fiscal Year. SB 1045 contains a
substantial one-time cut of$135 million in redevelopment funds that will be done as an
ERAF shift in FY 2003-04. SB 1045 took effect September 1, 2003.
SB 1045 also contains a provision that will permit redevelopment agencies to extend,by
one year, the time limit on the effectiveness of redevelopment plans and the time limit on
the receipt of tax increment funds for the repayment of indebtedness.
For redevelopment projects for which a final redevelopment plan was adopted on or after
January 1, 1994 and to amendments that added territory and that were adopted on or after
January 1, 1994, SB 1045 amends Health and Safety Code Section 33333.2 to add the
following new provision:
"(c) When an agency is required to make a payment pursuant to Section 33681.9,
the legislative body may amend the redevelopment plan to extend the time limits required
pursuant to paragraphs (2) and (3) of subdivision (a)by one year by adoption of an
ordinance. In adopting this ordinance, neither the legislative body nor the agency is
1
required to comply with Section 33354.6, Article 12 (commencing with Section 33450) , or
any other provision of this part relating to the amendment of redevelopment plans."
For redevelopment projects for which a final redevelopment plan was adopted before
January 1, 1994 and to amendments that added territory and that were adopted before
January 1, 1994, SB 1045 amends Health and Safety Code Section 33333.6(e)(2) to add the
following new provision:
"(C) When an agency is required to make a payment pursuant to Section 33681.9,
the legislative body may amend the redevelopment plan to extend the time limits required
pursuant to paragraphs (a) and (b)by one year by adoption of an ordinance. In adopting an
ordinance pursuant to this subparagraph, neither the legislative body nor the agency is
required to comply with Section 333354.6, Article 12 (commencing with Section 33450) ,
or any other provision of this part relating to the amendment of redevelopment plans,
including,but not limited to, the requirement to make the payment to affected taxing
entities required by Section 33607.7."
Thus, a redevelopment agency may add one year to the otherwise applicable time limit on
the effectiveness of a redevelopment plan, and one year to the otherwise applicable time
limit on the receipt of tax increment funds for the repayment of indebtedness, simply by
adopting an ordinance amending the redevelopment plan. There are no other provisions of
the Community Redevelopment Law that would apply to the process for adopting such an
ordinance.
Please see the following tables for analysis of how SB 1045 would work in relations to
Merged Redevelopment Project Area and Southeast Coastal Redevelopment Project Area,
upon adoption of the SB 1045 ordinances:
A. Merged Redevelopment Project Area
Sub-Area Adoption Adoption Date Termination Date Plan Effectiveness Debt Repayment
Yorktown Lake Ord. 2576 9/20/82 9/20/22 9/20/23 9/20/33
Talbert-Beach Ord. 2577 9/20/82 9/20/22 9/20/23 9/20/33
Original Main Pier Ord. 2578 9/20/82 9/20/22 9/20/23 9/20/33
Oakview Ord. 2582 11/1/82 11/1/22 l l/l/23 11/l/33
Added Main-Pier Ord. 2634 9/6/83 9/6/23 9/6/24 9/6/34
Huntington Center Ord. 2743 11/26/84 11/26/24 11/26/25 11/26/35
B. Southeast Coastal Redevelopment Project Area
Project Area Adoption Adoption Date Termination Date Plan Effectiveness Debt Repayment
Southeast Coastal Ord. 3561 6/17/02 6/17/32 6/17/33 6/17/48
Enclosed please find the draft SB 1045 Ordinances for the Merged Redevelopment Project
Area and Southeast Coastal Redevelopment Project Area for your review and use.
2
ATTACHMENT #2
ORDINANCE NO. 3792
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE HUNTINGTON BEACH
PROJECT (OR ALSO KNOWN AS MERGED PROJECT) AREA
EXTENDING THE PLAN EFFECTIVENESS DEADLINE,
REPAYMENT OF INDEBTEDNESS DEADLINE AND TAX
INCREMENT RECEIPT DEADLINE PURSUANT TO SB 1045.
WHEREAS, the City Council of the City of Huntington Beach ("City Council")
activated the Redevelopment Agency of the City of Huntington Beach ("Agency") on
March 1, 1976; and
WHEREAS, pursuant to Ordinance No. 2576, adopted on September 20, 1982,
the City Council approved and adopted a redevelopment plan for the Yorktown-Lake
Redevelopment Project Area("Yorktown-Lake Area"); and
WHEREAS, pursuant to Ordinance No. 2577, adopted on September 20, 1982,
the City Council approved and adopted a redevelopment plan for the Talbert-Beach
Redevelopment Project Area("Talbert-Beach Area"); and
WHEREAS, pursuant to Ordinance No. 2578, adopted on September 20, 1982,
the City Council approved and adopted a redevelopment plan for the Main-Pier
Redevelopment Project Area("Original Main-Pier Area");
WHEREAS, on September 6, 1983, the City Council amended the redevelopment
plan for the Original Main-Pier Area by adopting Ordinance No. 2634 to enlarge the
Original Main-Pier Area("Added Main-Pier Area"); and
WHEREAS, pursuant to Ordinance No. 2582, adopted on November 1, 1982, the
City Council approved and adopted a redevelopment plan for the Oakview
Redevelopment Project Area("Oakview Area"); and
WHEREAS, pursuant to Ordinance No. 2743, adopted on November 26, 1984,
the City Council approved and adopted a redevelopment plan for the Huntington Center
Commercial District Redevelopment Project Area ("Huntington Center Commercial
District Area"); and
WHEREAS, on December 16, 1996, the City Council amended and merged the
redevelopment plans for Yorktown-Lake Area, Talbert-Beach Area, Original Main-Pier
Area, Added Main-Pier Area, Oakview Area, and Huntington Center Commercial
District Area, establishing the Redevelopment Plan for the Huntington Beach
Redevelopment Project ("Merged Project Area") by approving and adopting Ordinance
No. 3343 (hereinafter referred to collectively as the "Redevelopment Plan"); and
07-1222/14429 1
Ordinance No.3792
WHEREAS, California Health and Safety Code Section 33333.6 applies to every
redevelopment plan adopted on or before December 31, 1993; and
WHEREAS, the redevelopment plans for the Yorktown-Lake Area, Talbert-
Beach Area, Original Main-Pier Area, Added Main-Pier Area, Oakview Area, and
Hundngton Center Commercial District Area were all adoptc;d on or before December 31,
1993; and
WHEREAS, pursuant to California Health and Safety Code Section 33333.6(a),
the Redevelopment Plan contains a time limit for effectiveness of the Redevelopment
Plan for each of the Yorktown-Lake Area, Talbert-Beach Area, Original Main-Pier Area,
Added Main-Pier Area, Oakview Area, and Huntington Center Commercial District
Area; and
WHEREAS, pursuant to California Health and Safety Code Section 33333.6(b),
the Redevelopment Plan contains a time limit for the payment of indebtedness and receipt
of property taxes for the Yorktown-Lake Area, Talbert-Beach Area, Original Main-Pier
Area, Added Main-Pier Area, Oakview Area, and Huntington Center Commercial
District Area; and
WHEREAS, the California State Legislature has enacted SB 1045, making
various amendments to the Community Redevelopment Law (California Health and
Safety Code Sections 33000 et seq.), which was chaptered as Chapter 260 and became
effective on September 2, 2003; and
WHEREAS, California Health and Safety Code Section 33333.6(e)(2)(C), as
amended by SB 1045, provides that when an agency is required to make a payment
pursuant to California Health and Safety Code Section 33681.9, the legislative body may
amend the redevelopment plan to extend the time limits required pursuant to subdivisions
(a) and (b) of California Health and Safety Code Section 33333.6 by one year by
adoption of an ordinance, without the necessity of compliance with California Health and
Safety Code Section 33354.6 or Article 12 of the Community Redevelopment Law
(commencing with Section 33450) or any other provision relating to amendments,
including, but not limited to, the requirement to make payments to affected taxing entities
required by California Health and Safety Code Section 33607.7; and
WHEREAS, the Agency was required to make a payment pursuant to Health and
Safety Code Section 33681.9; and
WHEREAS, the Agency and the City Council of the City of Huntington Beach
desire to extend by one year the time limit on the effectiveness of the Redevelopment
Plan for the Yorktown-Lake Area, Talbert-Beach Area, Original Main-Pier Area, Added
Main-Pier Area, Oakview Area, and Huntington Center Commercial District Area and
the time limit for paying indebtedness and receiving property taxes for the Yorktown-
Lake Area, Talbert-Beach Area, Original Main-Pier Area, Added Main-Pier Area,
Oakview Area, and Huntington Center Commercial District Area.
07-1222/14429 2
Ordinance No.3792
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH DOES HEREBY ORDAIN AS FOLLOWS:
Section 1. The City Council hereby finds and determines that all of the
foregoing recitals are true and correct.
Section 2. Amendment of Time Limits. In accordance with California Health
and Safety Code Section 33333.6(e)(2)(C), and notwithstanding any other provision in
the Redevelopment Plan, the City Council hereby amends the Redevelopment Plan as
stated herein by adoption of this Ordinance, and establishes the following limitations for
each of the Merged Project Area:
A. Yorktown-Lake Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Yorktown-Lake Area shall expire on September 20, 2023.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
California Health and Safety Code, no indebtedness shall be repaid from
the division and allocation of taxes to the Agency from the Yorktown-
Lake Area beyond ten years from the date of termination of the
effectiveness of the original Redevelopment Plan for the Yorktown-Lake
Area, or September 20, 2033.
B. Talbert-Beach Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Talbert-Beach Area shall expire on September 20, 2023.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
the California Health and Safety Code, no indebtedness shall be repaid
from the division and allocation of taxes to the Agency from the Talbert-
Beach Area beyond ten years from the date of termination of the
effectiveness of the original Redevelopment Plan for the Talbert-Beach
Area, or September 20, 2033.
C. Original Main-Pier Area.
(1) Plan Effectiveness. The term of plan effectiveness for
the Original Main-Pier Area shall expire on September 20, 2023.
(2) Repayment of Indebtedness; Receipt of Property Taxes.
Subject to the provisions of paragraphs (g) and (h) of Section 33333.6 of
California Health and Safety Code, no indebtedness shall be repaid from
the division and allocation of taxes to the Agency from the Original Main-
07-1222/14429 3