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316 <br /> <br />Slf!CrlON 309 TI-IROUGH 313. <br /> <br />No changes. <br /> <br />SECTION 314, <br /> <br />Paragraph 1: No changes. <br /> <br />Modli~ Paragraph 2 a~ follows and add Paragraph <br /> <br /> The Agency may also pay to any ta~ing agency with territory located within thc Project <br /> Arco (other than thc City), any amounts of money which, in the Agency*s <br /> determination, are appropriate to alleviate any financial burden or detriment caused to <br /> such ~axlng agency by the Project, No-~a~t~-Imyment-may-b~-mad~;-htn~v~-ig.4t~e <br /> <br />to-ti~-p~Po~-aad-~-~%abllzh~d-i~-'~h~- -(~m~au~ - R-ede~Ol~m(--l~a~ The <br />paymentr to tt taxing agency in any single year shall not exceed the amount of properly tax <br />revetmez which would have been received by that taxing agency if all the prop~ty tax <br />revenues from the Project Area had been allocated to all the affected taxing agencies <br />without regard to the division of taxez required by Section 336?0, except that a greater <br />payment may be established by an ttgreement between the agency and one or more taxing <br />agencle.~, except a School District, ~f the other twdng agenciez agree to defer payments for <br />one or more year~ in order to accompl~h the purposes of the project at an earller time them <br />would othet~e be the cas~ The amount of any greater payments shall not exceed the <br />amount Of payment deferred. The payments shall be approved by resolution, udopted by <br />the ~lgency, which shall contain findings, supporled by ~ubstantiai evidence, that thc <br />Project will cause or haz caused a financial burden or detriment to the taxing agency and <br />that the payments are necexvury to alleviate the financial burden or detriment. <br /> <br />The requirement that the ~4gency may make payments to a taxing entlo~ only to alleviate ~t <br />financial burden or detriment, as defined in Section 33012, and only after approval by a <br />resolution which contain~ specified fi~utings, shall apply only to payments monde by an <br />~4gency punuant to an agreement between an Agency and a taxing entity which is executed <br />by the/4gency on or after the effective date of the First Amendment to the Plan. <br /> <br />SECTIONS 315 THROUGH 326. <br /> No changes. <br /> <br />I <br /> <br /> <br />