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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