My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11A - EXTEND DEADLINE DEBT
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2004
>
01/20/2004
>
11A - EXTEND DEADLINE DEBT
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 5:03:15 PM
Creation date
1/16/2004 3:02:53 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Item #
11A
Date
1/20/2004
Destruction Year
2009
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
12/24/03 LES <br /> <br />ORDINANCE NO. NS-2641 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA AMENDING THE NORTH HARBOR, <br />SOUTH HARBOR, AND SOUTH MAIN REDEVELOPMENT <br />PLANS OF THE CITY OF SANTA ANA TO EXTEND THE <br />TIME LIMIT IN EACH PLAN FOR THE INCURRENCE OF <br />DEBT TO COINCIDE WITH THE EFFECTIVENESS OF <br />SAID PLANS <br /> <br />THE CITY COUNCIL OF THE CiTY OF SANTA ANA DOES ORDAIN AS <br />FOLLOWS: <br /> <br /> SECTION 1: The City Council of the City of Santa Ana hereby, finds, <br />determines and declares as follows: <br /> <br /> A. California Health & Safety Code Section 33333.6(a) & (b), part <br />of the Community Redevelopment Law, was amended by Assembly Bill <br />1290 in 1993 to impose time limits on incurring debt, receipt of tax <br />increment and effectiveness of the plan. The outside time limit for <br />incurring debt under AB 1290 for plans adopted prior to 1994 was the later <br />of 20 years after plan adoption or January 1, 2004, <br /> <br /> B, Senate Bill 211 (effective January 2002) permits the <br />amendment of a pre-1994 plan to completely delete the debt incurrence <br />deadline, with the result that an agency can incur debt under such a plan <br />up to the deadline for the effectiveness of the plan. <br /> <br /> C. The City of Santa Ana wishes to utilize the procedure set forth <br />in California Health and Safety Code section 33333.6(e)(2) to extend the <br />date that debt can be incurred in three of its six redevelopment plans so <br />that the Redevelopment Agency can incur new debt until the end of the <br />active life of the each of these three project areas so that the Agency can <br />continue to meet its long term goals and objectives. <br /> <br /> D, The City of Santa Ana is cognizant that under Health and Safety <br />Code section 33607.7, by adopting this ordinance amending the <br />redeveloPment plans in order to eliminate the debt incurrence time limit, <br />the Redevelopment Agency will be required to pay the statutory pass- <br />through payments to each affected taxing entity with which the Agency <br />does not already have a pre-1994 pass-through agreement. <br /> <br />Page1 11 .A. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.