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HomeMy Public PortalAbout02-091 RESOLUTION NO. 02-091 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON, CALIFORNIA MAKING ELECTIONS PURSUANT TO HEALTH AND SAFETY CODE SECTIONS 33676 AND 33607.5 IN CONNECTION WITH PROJECT AREA NO. 4 RECITALS: A. The City Council (the "City Council") of the City of Carson (the "City") is undertaking proceedings to adopt a redevelopment plan (the "Redevelopment Plan") for Project Area No. 4 (the "Project Area"). B. Health and Safety Code Section 33676 provides that the City Council ? may elect to be allocated to the City, in addition to the portion of taxes allocated to the City pursuant to Health and Safety Code Section 33670(a), the tax revenues allocated to the Carson Redevelopment Agency (the "Agency") pursuant to Health and Safety Code Section 33670(b) attributable to increases in the rate of tax imposed for the benefit of the City which levy occurs after the tax year in which the ordinance adopting the Redevelopment Plan for the Project Area becomes effective. C. Pursuant to Health and Safety Code Section 33607.5(b), commencing with the first fiscal year in which the Agency receives tax increments from the Project Area and continuing through the last fiscal year in which the Agency receives tax increments from the Project Area, the Agency shall pay to the affected taxing entities, including the City if the City elects to receive a payment, an amount equal to 25 percent of the tax increments received by the Agency from the Project Area after the amount required to be deposited in the Low and Moderate Income Housing Fund has been deducted. Pursuant to Health and Safety Code Section 33607.5(a)(2), the payments to the affected taxing entities, including the City, shall be allocated among the affected taxing entities, including the City if the City elects to receive payments, in proportion to the percentage share of property taxes each affected taxing entity, including the City, receives during the fiscal year the funds are allocated. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF CARSON HEREBY FINDS, ORDERS, DETERMINES AND RESOLVES AS FOLLOWS: a Section 1. Pursuant to Health and Safety Code Section 33676, the City Council elects to be allocated to the City, in addition to the portion of taxes allocated to the City pursuant to Health and Safety Code Section 33670(a), the tax revenues allocated to the Agency pursuant to Health and Safety Code Section 33670(b) attributable to increases in the rate of tax imposed for the benefit of the City which levy occurs after the tax year in which the ordinance adopting the Redevelopment Plan for the Project Area becomes effective. Resolution No. 02-091 Page 2 of 2 i Section 2. The City Council hereby elects for the City to receive the amounts authorized by section 33607.5(b) commencing with the first fiscal year in which the Agency receives tax increment from the Project Area and continuing in each subsequent year. PASSED, APPROVED and ADOPTED this 2nd day of July,2002. aryl . Sweeney, Mayor City of arson ATTEST: Helen Kawagoe, City Clerk City of Carson APPROVED AS TO FORM: City Attorney t s n STATE OF CALIFORNIA ) ` COUNTY OF LOS ANGELES ) ss. j CITY OF CARSON ) I; Helen S. Kawagoe, City Clerk of the City of Carson, California, do hereby certify that the whale number of members of the City Council is four; that the foregoing resolution, being Resolution No. 02-091 as duly and regularly adopted by said Council at a regular meeting duly and regularly held on the 2nd day of July, 2002 and that the same was passed and adopted by the following vote: ', .AYES: COUNCIL MEMBERS: Mayor Sweeney, Frank, and Dear a NOES: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None j ABSENT: COUNCIL MEMBERS: Calas City Clerk, City of Carson, Cali omia J I l l