HomeMy WebLinkAboutRDA TIME LIMITS 11-21-94RDA NO. 3
11-21-94
'ATE:
NOVEMBER 21, 1994
Inter-Com
TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR
FROM: COMMUNITY DEVELOPMENT DEPARTMENT
SUBJEC~ TOWN CENTERANDSOUTHCENTRAL REDEVELOPMENT PLANAMENDMENTS -
TIME LIMITS
RECOMMENDATION
It is recommended that Redevelopment Agency adopt Resolutions No.
RDA 94-14 and RDA 94-15 recommending to the City Council adoption
of Ordinances No. 1141 and 1142.
FISCAL IMPACT
Ordinance 1141 and Ordinance 1142 will not have any immediate
fiscal impact on either the Town Center or the South Central
Redevelopment Plans. However, both Ordinances may have a potential
effect on the Agency's future options to issue bonds to implement
the Redevelopment Plans. It is not possible, at this time, to
calculate what these impacts will be.
BACKGROUND DISCUSSION
AB 1290, adopted as part of the 1993 State legislative session made
major revisions to the California Community Redevelopment Law in
order to eliminate what the Legislature perceived to be abuses of
the California Redevelopment Law. Among these changes were
establishment of time limits dealing with the following: (1) the
effective life of Redevelopment Plans; (2) the time in which an
Agency can incur debt; and (3) the time in which the Agency can
collect tax increment to service debt after the end of the
effectiveness of a Redevelopment Plan.
The Council has no discretion in this matter. AB 1290 requires the
City Council to amend both the Town Center and the South Central
Redevelopment Plans to conform to these time limits. Before the
Council can act, however, the Redevelopment Agency must recommend
approval of these amendments.
A full discussion of these Ordinances is included in the staff
report under the City Council agenda. In summary, Ordinances 1141
(Town Center) and 1142 (South Central) will impose the following
Redevelopment Agency Report
Ordinances 1141 and 1142
November 21, 1994
time limits on the Redevelopment Plans:
Town Center Redevelopment Plan
Effective Date of Redevelopment Plan
Last Date to Incur Debt
Last Date to Collect Tax Increment
to Retire Debt
November 22, 2016
January 1, 2004
November 22, 2026
South Central Redevelopment Plan: Original Pro~ect Area
Effective Date of Redevelopment Plan July 15, 2015
Last Date to Incur Debt January 1, 2004
Last Date to Collect Tax Increment
to Retire Debt July 15, 2025
South Central Redevelopment Plan: Added Area
Effective Date of Redevelopment Plan
Last Date to Incur Debt
Last Date to Collect Tax Increment
to Retire Debt
July 15, 2015
July 15, 2005
July 15, 2025
Copies of the proposed Ordinances are attached to the text of the
proposed resolutions.
RECOMMENDED ACTIONS
It is recommended the Redevelopment Agency adopt the following
resolutions:
RESOLUTION NO. RDA 94-14. A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, RECOMMENDING THE
CITY COUNCIL ADOPT ORDINANCE NO. 1141 AMENDING CERTAIN TIME
LIMITS WITH RESPECT TO THE TOWN CENTER REDEVELOPMENT PLAN
Christine eton
Assistant Cit~' Manager
r zimmer \ redevgen \ t iml imt. rda
RESOLUTION NO. RDA 94-15. A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, RECOMMENDING THE
CITY COUNCIL ADOPT ORDINANCE NO. 1142 AMENDING CERTAIN TIME
LIMITS WITH RESPECT TO THE SOU REDEVELOPMENT PLAN
l~ichard Z~er
ledevel~lt Program Manager
RESOLUTION NO. RDA 94-14
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN, CALIFORNIA, RECOMMENDING
THE CITY COUNCIL ADOPT ORDINANCE NO. 1141
AMENDING CERTAIN TIME LIMITATIONS WITH RESPECT
TO THE TOWN CENTER REDEVELOPMENT PLAN
I .
The Redevelopment Agency finds and determines as
follows:
A,
That the City Council adopted the Town Center
Redevelopment Plan on November 22, 1976 by
Ordinance No. 701 and subsequently amended the
Redevelopment Plan on September 8, 1981 by
Ordinance No. 855 and further amended the
Redevelopment Plan on March 20, 1989 by
Ordinance No. 1021;
.
That Section 33333.6 of the Community
Redevelopment Law established certain
limitations on the incurring of indebtedness,
the duration of the effectiveness of
redevelopment plans, and the collection of
taxes from redevelopment project areas adopted
on or before December 31, 1993;
C ~
That Section 33333.6 of the Community
Redevelopment Law mandates limits to the
incurring of debt to twenty (20) years after
the date of adoption of the redevelopment plan
or January 1, 2004, whichever is later; limits
to the effectiveness of redevelopment plans to
40 years from the date of adoption of the plan
or January 1, 2009, whichever is later; and
limits to the repayment of indebtedness or
receipt of property taxes pursuant to Section
33670 of the Community Redevelopment Law to
ten (10) years from the termination of the
effectiveness of the redevelopment plan;
D .
That The Town Center Redevelopment Plan
currently has a time limit for incurring debt
of November 22, 2006, an indeterminate time
limit for repayment of indebtedness or receipt
of property taxes and a time limit on the
effectiveness of the Redevelopment Plan of
thirty (30) years after the Second Amendment,
or April 19, 2019;
E .
That incorporation into the Town Center
Redevelopment Plan of the time limits set
forth in Section 33333.6 of the Health and
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Resolution No. RDA 94-14
Page 2
Safety Code is mandated by law and is
therefore not a discretionary act by the City.
Accordingly, this action does not constitute a
"project" within the meaning of the California
Environmental ,Quality Act (Public Resources
Code Sections 21000 et seq.) and is not
subject to environmental review.
II. NOW, THEREFORE, the Redevelopment AgencY of the City of
Tustin recommends the City Council approve Ordinance No.
1141 amending certain time limits with respect to the
Town Center Redevelopment Plan.
PASSED AND ADOPTED by the Redevelopment Agency of the City of
Tustin at a regular meeting held on the 21st day of November, 1994.
THOMAS SALTARELLI
Redevelopment Chairperson
MARY WYNN,
City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
SS
CERTIFICATION FOR RDA RESOLUTION NO. 94-14
MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council
of the City of Tustin, California, does hereby certify that the
whole number of the members of the Redevelopment Agency of the City
of Tustin is five; that the above and foregoing RDA Resolution No.
94-14 was duly and regularly introduced, passed and adopted at a
regular meeting of the Redevelopment Agency held on the 21st day of
November, 1994, by the following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
Mary E. Wynn, City Clerk
RESOLUTION NO. RDA 94-15
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN, CALIFORNIA, RECOMMENDING
THE CITY COUNCIL ADOPT ORDINANCE NO. 1142
AMENDING CERTAIN TIME LIMITATIONS WITH RESPECT
TO THE SOUTH CENTRAL REDEVELOPMENT PLAN
I ·
The Redevelopment Agency finds and determines as
follows:
a.
That the City Council adopted the South
Central Redevelopment Plan on August 1, 1983
by Ordinance No. 890 and subsequently amended
the Redevelopment Plan, including adding
territory to the Project Area, on July 15,
1985 by Ordinance No. 939. (Attachment 1,
hereto, identifies the original project area
adopted by Ordinance No. 890 and Attachment 2,
hereto, identifies the area added to the
Project Area by Ordinance No. 939);
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That Section 33333.6 of the Community
Redevelopment Law established certain
limitations on the incurring of indebtedness,
the duration of the effectiveness of
redevelopment plans, and the collection of
taxes from redevelopment project areas adopted
on or before December 31, 1993;
C ·
That Section 33333.6 of the Community
Redevelopment Law mandates limits to the
incurring of debt to twenty (20) years after
the date of adoption of the redevelopment plan
or, with respect to added territory, from the
date of an amendment to a redevelopment plan
which adds territory to the project area, or
January 1, 2004, whichever is later; limits to
the effectiveness of redevelopment plans to 40
years from the date of the adoption of the
redevelopment plan, or, with respect to added
territory, from the date of an amendment to a
redevelopment plan which adds territory to the
project area, or January 1, 2009, whichever is
later; and limits to the repayment of
indebtedness or receipt of property taxes
pursuant to Section 33670 of the Community
Redevelopment Law to ten (10) years from the
termination of the effectiveness of the
redevelopment plan,
D .
That the South Central Redevelopment Plan
currently has a time limit for incurring debt
of July 15, 2015, no time limit for repayment
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Resolution No. RDA 94-15
Page 2
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of indebtedness or receipt of iproperty taxes
and a time limit on the effectiveness of the
Redevelopment Plan of thirty (30) years after
the Amendment adopted by Ordinance No.939, or
July 15, 2015;
That incorporation into the South Central
Redevelopment Plan of the time limits set
forth in Section 33333.6 of the Health and
Safety Code is mandated by law and is
therefore not a discretionary act by the City.
Accordingly, this action does not constitute a
"project" within the meaning of the California
Environmental Quality Act (Public Resources
Code Sections 21000 et seq.) and is not
subject to environmental review.
II. NOW, THEREFORE, the Redevelopment Agency of the City of
Tustin recommends the City Council approve Ordinance No.
1142 amending certain time limits with respect to the
South Central Redevelopment Plan.
PASSED AND ADOPTED by the Redevelopment Agency of the City of
Tustin at a regular meeting held on the 21st day of November, 1994.
THOMAS SALTARELLI
Redevelopment Chairperson
MARY WYNN,
City Clerk