Laserfiche WebLink
P.H. - Payment to ERAF and <br />An Ordinance Amending the Merged <br />Redevelopoment Plan to Extend Certain <br />Time Limits <br />May 2, 2005 <br />Page 4 <br />Notice of this public hearing was mailed to the governing body of each <br />affected taxing entities on April 15, 2005, 30 days prior to the <br />proposed ordinance adoption on May 16, 2005, and published in the Orange <br />County Register on April 22, 2005, 10 days prior to the hearing. <br />FISCAL IMPACT <br />City /Agency approval of the appropriation adjustment and resolution will <br />enable staff to make the $3,401,346.78 payment to the County Auditor for <br />deposit into the ERAF on or before May 10, 2005. The amendment of these <br />plans will enable the Community Redevelopment Agency to collect tax <br />increment for one additional year in the eligible project areas. The <br />actual amount received will depend on the valuation of property within <br />the project area in any given fiscal year. <br />-' <br />atricia C. Whitaker <br />Executive rector <br />PCW /NTE /mlr <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez F� <br />Executive Director <br />Finance & Management Services Agency <br />H: \ACTIONS\2005 CCUT CC -CRA PymtERAF& OrdAmendMergedRedevPI =ExtCertTimeLimts 5- 2- 05.doc <br />EM <br />