HomeMy WebLinkAboutResolutions - No. 2002-105RESOLUTION NO. 2002-105
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI
ELECTING TO RECEIVE ALL OR A PORTION OF THE TAX
REVENUES PURSUANT TO HEALTH AND SAFETY CODE
SECTIONS 33676 AND 33607.5
------------------------------------------------------------------------
------------------------------------------------------------------------
WHEREAS, by Resolution No. 01-36, adopted on March 28, 2001, the Planning
Commission of the City of Lodi selected and designated the boundaries of the project area (the
"Project Area") for the proposed Lodi Redevelopment Project No. 1 (the "Project'), approved a
Preliminary Plan for the Project and submitted said Preliminary Plan to the Redevelopment
Agency of the City of Lodi (the "Agency"); and
WHEREAS, the Agency is preparing a proposed redevelopment plan (the
"Redevelopment Plan") for the Project; and
WHEREAS, Section 33676 of the Health and Safety Code provides that prior to the
adoption of a redevelopment plan an affected taxing agency may elect to receive, in addition to
the portion of taxes allocated to the affected taxing agency pursuant to Health and Safety Code
Section 33670(a), all or any portion of the tax revenues allocated to the Agency pursuant to
Health and Safety Code Section 33670(b) which are attributable to the tax rate increases
imposed for the benefit of the taxing agency after the tax year in which the ordinance adopting
the redevelopment plan becomes effective (the "Increases"); and
WHEREAS, for redevelopment plans adopted on or after January 1, 1994, Section
33607.5 of the Health and Safety Code provides that in any fiscal year in which a
redevelopment agency receives tax increments, the community that has adopted the
redevelopment project area may elect to receive, and the agency shall pay to it, an amount
equal to twenty-five percent (25%) of its proportionate share of the tax increments received by
the agency after the amount required to be deposited in the Low and Moderate Income Housing
Fund has been deducted (the "City Election"); and
WHEREAS, the City Council desires to receive the Increases and make the City
Election.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LODI DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1. The City Council hereby elects to receive all Increases as herein defined.
Section 2. The City Council hereby elects to receive the City Election as herein
defined.
Section 3. The City Clerk is hereby directed and authorized to transmit a copy of this
resolution to the Executive Director of the Redevelopment Agency of the City of Lodi and to the
tax collector of San Joaquin County.
Dated: May 15, 2002
----------------------------------------------------------------------------
I hereby certify that Resolution No. 2002-105 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held May 15, 2002 by the following vote:
AYES:
COUNCIL MEMBERS — Howard, Land, Nakanishi, and Mayor
Pennino
NOES:
COUNCIL MEMBERS — None
ABSENT:
COUNCIL MEMBERS — Hitchcock
ABSTAIN:
COUNCIL MEMBERS — None
SUSAN J. BLACKSTON
City Clerk
2002-105
2