HomeMy WebLinkAboutResolution 1999-040 RESOLUTION NO. 1999-040
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO
ELECTING TO RECEIVE A PROPORTIONATE SHARE OF
PASS-THROUGH TAXES FOR THE
ATASCADERO REDEVELOPMENT PROJECT AREA
WHEREAS, the Atascadero Redevelopment Agency (the "Agency") has prepared a
proposed Redevelopment Plan (the "Redevelopment Plan") for the Atascadero Redevelopment
Project (the "Project") which would result in the allocation of taxes from the Project Area to the
Agency for the purposes of redevelopment; and,
WHEREAS, Section 33607.5 of the California Community Redevelopment Law (Health
and Safety Code Section 33300, et seq.) provides that the community which has adopted the
redevelopment project may elect to receive a portion of the tax increments received by the agency
after the amount required to be deposited in the low and moderate income housing fund has been
deducted; and,
WHEREAS,the City of Atascadero has prepared a Redevelopment Plan for the Atascadero
Redevelopment Project at its meeting on July 6, 1999; and,
NOW, THEREFORE,THE CITY COUNCIL OF THE CITY OF ATASCADERO DOES
HEREBY RESOLVE to receive twenty-five percent (25%) of all tax increments received by the
Atascadero Redevelopment Agency from the Atascadero Redevelopment Project Area or a greater
amount as may be permitted by California Community Redevelopment Law.
PASSED AND ADOPTED by the Atascadero City Council this sixth day of July, 1999 by
the following vote:
AYES: Council Members Arrambide, Luna and Mayor Johnson
NOES: None
ABSENT: Council Member Lerno
ABSTAIN: Council Member Clay
CITY O TAS ADERO
Ray Jo sotil Mayor
ATTEST:
Marcia McClure Torgerson, City erk
Approved as to fo
Ro Vlanley, City Atto ey