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<br />Redevelopment Law, subject to all exceptions specified in the Community <br />Redevelopment Law. <br /> <br />Time limit on receipt of tax increment shall mean the <br />expiration date of the time period during which the Agency may pay <br />indebtedness and receive tax increment derived from the project area of a <br />specified redevelopment plan, as described in subdivision (c) of Section <br />33333.6 of the Community Redevelopment Law, subject to all exceptions <br />specified in the Community Redevelopment Law. <br /> <br />SECTION 3: The current time limit on the effectiveness of each of the <br />eligible Redevelopment Plans is hereby extended by one year and the Agency is <br />hereby authorized to act with respect to the respective Redevelopment Plan at <br />any time during which each of the Redevelopment Plans is effective. <br /> <br />SECTION 4: The current time limit on paying indebtedness or receiving <br />property taxes pursuant to each of the Redevelopment Plans and CRL(except for <br />the Bristol Redevelopment Plan which is ineligible for the extension) is hereby <br />extended by one year (from the existing time limit as set forth below) and the <br />Agency is hereby authorized to act with respect thereto during such extended <br />period. <br /> <br /> <br />Central Cit 2,2014 2,2015 2,2024 <br />Inter-Cit 6, 2023 6, 2024 6, 2033 <br />North Harbor 6, 2023 6, 2024 6, 2033 <br />South Harbor 6, 2023 6, 2024 6, 2033 <br />South Main 6, 2023 Jul 6, 2024 6, 2033 <br />Bristol" Dec. 4, 2030 Dec. 4, 2030 Dec. 4, 2040 <br />" Not eligible for one year extension under SB 1096 <br /> <br />Jul 2, 2025 <br />Jul 6, 2034 <br />Jul 6, 2034 <br />Jul 6, 2034 <br />Jul 6,2034 <br />Dec.4,2040 <br /> <br />SECTION 5. The legislative body has determined that the Agency is in <br />compliance with the requirements of section 33334.2; the Agency has adopted an <br />implementation plan in accordance with the requirements of section 33490; the <br />agency is in compliance with the requirements of subdivisions (a) and (b) of section <br />33413; and the Agency is not subject to sanctions for failure to expend, encumber, <br />or disburse an excess surplus pursuant to section 33334.12(e). <br /> <br />SECTION 6. The legislative body hereby finds that notice of the public <br />hearing has been mailed to the governing bodies of the affected taxing entities and <br /> <br />ORDINANCE NS-2685 <br />Page 4 ot6 <br />