HomeMy WebLinkAboutRDA APPROPRIATION LMT 01-05-81DATE:
December 29, 1980
REDEVelOPMENT AGENCY
1-5-81
Inter-eom
TO:
FROI~:
SUBJECT:
BOARD OF DIRECIORS OF THE TUSTIN COMMUNITY REDEVELOPMflNT AGENCY
R0N NAULT, DIREC~fOR OF FINANCE
RESOLUTION RECOGNIZING EXEMPTION FOR RDA'S FROM ESTABLISHING AN APPBD-
PRIATION LIMIT PER SB 1972
BACKGBOUND
Article XIII B of the State Constitution, "The Gann Spending Limitation", does not
address the particular revenue structure of Redevelopment Agencies. SB 1972 was
enacted to specifically exempt tax increment revenue from the computation of proceeds
of taxes.
Chapter 1342, Sections 33678 and 33679, of the Health and Safety Code exempts
Redevelopment Agencies from adopting an appropriation limitation.
RECOMMENDATION
It is recommended that the Board of Directors adopt the attached resolution exempting
the Tustin Community Redevelol~nent Agency from adopting an appropriation limitation
for fiscal 80-81.
Finance
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RESOLUTION NO. RDA 80-8
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECOGNIZING
THE EXEMPTION OF REDEVELOPMENT AGENCIES FROM
ADOPTING AN APPROPRIATION LIMIT FOR THE FISCAL
YEAR 1980-81, IN ACCORDANCE WITH ARTICLE XIIIB
OF THE CONSTITUTION OF THE STATE OF CALIFORNIA,
AND CHAPTER 1342 OF THE HEALTH & SAFETY CODE
SECTION 33678 & 33679.
The City Council of the City of Tustin does hereby
resolve as follows:
WHEREAS, Article XIIIB was added to the Constitution
of the State of California at a general election held on
November 6, 1979; and
WHEREAS, Redevelopment Agencies have been exempted
from adopting an appropriation limit through State Legis-
lative action;
NOW, THEREFORE, the Board of Directors of the Tustin
Community Redevelopment Agency, does hereby resolve and
order that,
In accordance with Article XIIIB of the Constitution
of the State of California, and Chapter 1342, of
the Health & Safety Code Sections 33678 and 33679
the Tustin Community Redevelopment Agency is exempt
irom adopting an appropriation limit for the fiscal
year beginning July 1, 1980.
PASSED & ADOPTED at a regular meeting of the Tustin
Community Redevelopment Agency held on the day of
1981.
Donald J. Saltarelli
Chairman
ATTEST:
Mary E. Wynn
City Clerk
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