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<br />Payment to ERAF and an Ordinance <br />Amending the Six Redevelopment Plans <br />to Extend Certain Time Limits <br />May 3, 2004 <br />Page 4 <br /> <br />J'ISCAL IMPACT <br /> <br />Agency approval of the appropriation adjustment and resolution will <br />enable staff to make the $1,830,569 payment to the County Auditor for <br />deposit into the ERAF on or before May 10, 2004. The amendment of these <br />plans will enable the Community Redevelopment Agency to collect tax <br />increment for one additional year. The actual amount received will <br />depend on the valuation of property within the project area in any given <br />fiscal year. <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />tJ/a <br /> <br />J~ P. Reekstin <br />Executive Director <br /> <br />;l.w /r &(Ot1~Ú& <br /> <br />Rod R. Coloma ~«/ <br />Executive Director <br />Finance & Management Services Agency <br /> <br />JPR/NTE/mlr <br /> <br />Actionsl2004CCIJT CC-CRA-PmtERAF&OrdAmendSixRedevPlans 5-3-04 <br /> <br />50A-4 <br />