HomeMy WebLinkAboutCC Resolution 11127 (Central SR Redevelopment Project)RESOLUTION NO. 11127
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
ELECTING STATUTORY PASS-THROUGH PAYMENTS PURSUANT TO
HEALTH AND SAFETY CODE SECTIONS 33607.5 AND 33607.7 IN
CONNECTION WITH THE REDEVELOPMENT PLAN FOR THE CENTRAL
SAN RAFAEL REDEVELOPMENT PROJECT
WHEREAS, by Ordinance No. 1776, adopted on March 4, 2002, the City Council of the
City of San Rafael (the "City") has adopted the Debt Incurrence Time Limit Deletion
Amendment to Second Amended and Restated Redevelopment Plan for the Central San Rafael
Redevelopment Project (the "Amendment"), which (1) provides for tax increment financing
pursuant to Health and Safety Code Section 33670 ("Tax Increment"), and (2) deletes the date by
which the Agency must incur debt; and
WHEREAS, the Redevelopment Agency of the City of San Rafael (the "Agency") is
considering the adoption of the Third Amended and Restated Redevelopment Plan (the
"Amended Plan") for the Central San Rafael Redevelopment Project (the "Project Area"), which
(1) provides for tax increment financing pursuant to Health and Safety Code Section 33670
("Tax Increment"), and (2) increases the amount of Tax Increment the Agency may collect
pursuant to the Amended Plan; and
WHEREAS, the City of San Rafael is the community that adopted the Amendment and is
the community considering adoption of the Amended Plan and is authorized to make the
elections described in Health and Safety Code Section 33607.5.
NOW, THEREFORE, BE IT RESOLVED that the City of San Rafael elects to be paid
the amounts set forth in Section 33607.7 as a statutory pass-through payment from the Agency
for each applicable fiscal year the Agency collects Tax Increment from the Project Area.
BE IT FURTHER RESOLVED AND ORDERED that the City Manager is hereby
authorized and directed to transmit copies of this Resolution to the Agency and to take all other
actions required pursuant to Health and Safety Code Sections 33607.5 and 33607.7 to implement
the elections set forth in this Resolution.
BE IT FURTHER RESOLVED that this Resolution shall take immediate effect upon its
adoption.
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I, Jeanne M. Leoncini, Clerk of the City of San Rafael, hereby certify that the foregoing
resolution was duly and regularly introduced and adopted at regular meeting of the City Council
on Monday, the first day of July, 2002, by the following vote, to wit:
AYES: COUNCILMEMBERS: Heller, Miller, Phillips and Mayor Boro
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Cohen
ABSTAIN: COUNCILMEMBERS:
Jearua L oncini, City Clerk
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