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92-070
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92-070
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Last modified
1/3/2012 12:31:32 PM
Creation date
6/26/2003 10:46:59 AM
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City Clerk
Doc Type
Resolution
Doc #
92-70
Date
7/21/1992
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447 <br /> <br />o <br /> <br />private enterprise will accomplish the construction of needed sewer <br />improvements, storm drain improvements, utility improvements, <br />bridge construction improvements, street construction, sidewalks, <br />curbs and gutters, trees along parkways, traffic circulation system <br />improvements, recreati°n impr0~ements and other community <br />development programs. <br /> <br />Section 3: 'Misuse of Tax Increment Financing' <br /> <br />Objection: The District finds that the City's redevelopment tax <br />increment financing vehicle has "become a "windfall" for the City to <br />implement it's (sic) required capital facilities, which would have <br />nor .maily been an obliga, tion of the General Fund, at the e.xpense.of <br />the ~mpacts of the District. The City has used this vehicle In lieu of <br />implementing politically more difficult alternatives such as increased <br />~PnrOperty taxes, property assessments, general obligation bonds, and <br /> creased development fees, etc" (page Windfall-5). <br /> <br />Response: The District has implied that the Agency has "misused" tax <br />increment financing; however, the Di.s. trict does not substantiate or <br />quantify ho.w the Agency has accomplished this "misuse". The District <br />impliedby ~ts tables that the "misuse" is the fact that property tax <br />increment is growip, g at a faster rate than other sources of revenue to <br />the City. The implication of the Dist. rict seems to be that only if the <br />tax increment collected within the C~ty was growing.more slowly than <br />other revenue sources, would the Agency not be "rmsusing" tax <br />increment. This kind of logic is irrelevant to this Amendment process. <br />The Agency's collection of tax increment is obviously related to the <br />increase in numbers of project areas created within the City and the <br />relative success of the redevelopment activities in those project areas. <br />The Agency has and will continue to use tax Increment as. legally <br />allowed for the purposes of redeve, lopment and the Districts <br />suggestion that the Agency has "nnsused" .funds has not been <br />sut)stantiated in the District's documentaUon. <br /> <br />Section 4: "Lack of General Plan Conformity and Inadequacy of <br />General Plan' <br /> <br />The following responses also address those w. ritten objections <br />~ontmned in the script presented at the heanng by John Raya entitled <br />General Plan Conformity." <br /> <br />a. "Adequacy_ of General Plan" <br /> <br />Obiection: The District implies that the City's Ge.neral Plan is <br />not- adequate because: a) it contains elements whmh reflect <br />obsolete base data, b) has not been updated enough, and c) <br />does not address the California Integrated Waste Management <br />Act of 1989. <br /> <br />17 <br /> <br />I <br /> <br /> <br />
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