HomeMy Public PortalAbout82-027 - LRA (08-17-82)LRA RESOLUTION NO. 82 -27
I
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LYNWOOD REGARDING AN AGREEMENT
FOR REIMBURSEMENT OF TAX INCREMENT FUNDS
WHEREAS, the City Council and the Lynwood Redevelopment
Agency held a joint public hearing on November 18, 1980, for the
purpose of considering the approval and adoption of the Amendment
to the Redevelopment Plan for Lynwood Redevelopment Project Area
A, (hereinafter referred to as the Redevelopment Plan); and
WHEREAS, the City adopted Ordinance No. 1111 on December
16, 1980, approving and adopting the amended Redevelopment Plan;
and
WHEREAS, Fiscal Review Committee meetings have been
1 hald at which representatives of the County and other affected
taxing entities have expressed concern over the fiscal impact of
the Redevelopment Plan as amended and the anticipated allocation
of tax increment money to implement the Plan as amended; and
WHEREAS, the diversion of tax increments to the Agency
as a result of the implementation of the Amendment as proposed
could cause a financial burden or detriment to the County and
other affected taxing entities; and
WHEREAS, an Agreement has been prepared which seeks to
amicably resolve any differences regarding the Amendment;
NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment
Agency of the City of Lynwood as follows:
SECTION 1 . That the Agreement attached as Exhibit 1
is hereby approved.
SECTION 2 . That the Chairman is hereby authorized to
execute the Agreement attached as Exhibit 1.
PASSED, APPROVED AND ADOPTED this 17th day of
August 1982.
LOUIS A. THOMPSON, QXairman
Lynwood Redevelopment Agency
ATTEST:
Andrea L. Hooper, Secretary
- Lynwood Redevelopment Agency — -
APPROVED AS TO FORM:
General Counsel
APPROVED AS TO CONTENT:
partment Head
STATE OF CALIFORNIA )
55.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood
Redevelopment Agency, do hereby certify that the above
and foregoing resolution was duly adopted by the said
Agency at a regular meeting thereof held
in the City Hall of the City of Lynwood on the 17th
day of August 1982, and passed by the following
vote:
AYES:
Agency
members
BYORK, GREEN, MORRIS. ROWE, THOMPSON
NOES:
Agency
members
,NONE
ABSENT:
Agency
members
NONE
. axAe"O" c(
Secretary
-- Z ,- ; = LYNWOOD- -REDEVELOPMENT AGENCY -