HomeMy WebLinkAboutOrdinance 1534 (Limit Tax Increment for RA)CLERK'S CERTIFICATE
I, JEAN -NE M. LEONCINI, Clerk of the City of San Rafael, and
Ex -officio Clerk of the Council of said City, do hereby certify that
the foregoing Charter Ordinance No. 1534 entitled:
"AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
AMENDING THE REDEVELOPMENT PLAN FOR THE CENTRAL SAN RAFAEL
REDEVELOPMENT PROJECT TO PROVIDE A LIMIT ON THE TOTAL AMOUNT
OF TAX INCREMENT THE SAN RAFAEL REDEVELOPMENT AGENCY MAY RECEIVE
OVER THE LIFE OF THE REDEVELOPMENT PLAN"
is a true and correct copy of an ordinance of said City and was
introduced at a Regular meeting of the City Council
of the City of San Rafael, held on the Fifteenth day of
December , 19 86 published as required by City Charter in the
Marin Independent Journal , a newspaper published in the City
of San Rafael and passed and adopted as an ordinance of said City at
a Regular meeting of the City Council of said City
held on the Fifth day of January 19 87 by the following
vote, to wit:
AYES: COUNCILh'fEMBERS: Breiner, Frugoli, Nave & Mayor Mulryan
NOES: COUNCILMEMBERS: None
ABSENT: COUNCIIAEMBERS: Russom
WITNESS my hand and the official seal
of the City of San Rafael this
Fifth day of Janaury ,
19 87
JEA LEINI
lty Clerk
ORDINANCE NO. 1534
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SAN RAFAEL AMENDING THE REDEVELOPMENT PLAN FOR THE
CENTRAL SAN RAFAEL REDEVELOPMENT PROJECT TO PROVIDE
A LIMIT ON THE TOTAL AMOUNT OF TAX INCREMENT THE SAN
RAFAEL REDEVELOPMENT AGENCY MAY RECEIVE OVER THE
LIFE OF THE REDEVELOPMENT PLAN
WHEREAS, Health and Safety Code Section 33333.4 requires
that the City Council adopt a limit on the amount of tax increment
funds the San Rafael Redevelopment Agency may receive pursuant
to the Redevelopment Plan for the Central San Rafael Redevelopment
Project ("Plan"), a time limit on incurring debt to carry out
the Plan and a time limit on the institution of eminent domain
actions pursuant to the Plan; and
WHEREAS, the limits which are required to be adopted
pursuant to Health and Safety Code Section 33333.4 are deemed
to be amendments to the Plan; and
WHEREAS, the City Council desires to act in accordance
with Health and Safety Code Section 33333.4.
THEREFORE, THE CITY COUNCIL DOES HEREBY ORDAIN:
Section 1. The total amount of tax increment funds which
may be allocated to the San Rafael Redevelopment ("Agency")
pursuant to the Plan shall not exceed $240,000,000.
Section 2. The Agency shall not establish any loans, advances
or indebtedness to finance the Central San Rafael Redevelopment
Project after December 31, 2017.
Section 3. The Agency shall not commence any eminent domain
proceedings to acquire any property in the area governed by the
Plan after December 31, 1998.
Section 4. The provisions of Sections 1, 2, and 3 shall be
deemed amendments to and part of the Plan.
Section 5. If any section, subsection, sentence, clause
or phrase of this ordinance is for any reason held to be invalid,
such holding or holdings shall not affect the validity of the
remaining portions of this ordinance. The Council declares
that it would have passed this ordinance and each section, subsection,
sentence, clause and phrase thereof, irrespective of the fact
that any one or more sections, subsections, sentences, clauses
or phrases be declared invalid.
ORIGINAL
Section 6. This ordinance shall be published once in full
before its final passage in a newspaper of general circulation,
published and circulated in the City of San Rafael, and shall
be in full force and effect thiry (30) days after its final
passage.
7ARi��
_ LAWRENCE E. MULRYAN, Mayor
Attest:
NVE M. LEONC NI, City Clerk
The foregoing Ordinance No. 1534 was read and intro-
duced at a Regular meeting of the City Council of the City
of San Rafael, held on the 15th day of December , 1986,
and order passed to print by the following vote, to wit:
AYES: COUNCILMEMBERS: Breiner, Frugoli, Nave & Mayor Mulryan
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Russom
and will come up for adoption as an Ordinance of the City of San
Rafael at a* Regular meeting of the Council to be held on the
Fifth day of January
1987.
E E M. LEONC I City Clerk