HomeMy WebLinkAboutAgenda Report - May 15, 2002 I-07CITY OF LODI COUNCIL COMMiJNICATION
AGENDA TITLE: Adopt resolution electing to receive all or a portion of the tax increment revenues
owed to the City of Lodi within Redevelopment Project Area No. 1 pursuant to
Health and Safety Code Sections 33676 and 33607.5
MEETING DATE: May 15, 2002
PREPARED BY: Community Development Director
RECOMMENDED ACTION: That the City Council adopt resolution electing to receive all or a
portion of the tax increment revenues owed to the City of Lodi
within Redevelopment Project Area No. 1 pursuant to Health and
Safety Code Sections 33676 and 33607.5
BACKGROUND INFORMATION: This action is required by the City Council in order to receive the
"pass-through" amount of tax increment that will be generated
within the Project Area.
As the Council will recall, the increment of new property tax revenue above the amount at the time of
Project Area adoption is what funds the Redevelopment Agency. All taxing entities receive a portion of
those incremental funds. In the case of the City of Lodi, we have the ability to continue to receive our
increment or elect not to and allow the Agency to receive the additional amount.
The second part of the action before you deals with any tax rate increases the City may institute in the
future. For example, if the City chose to pass a tax increase to improve parks, the revenue collected
within the Project Area will go to the City rather than the Redevelopment Agency.
Again, with both of these actions, the Council could elect to not receive the funds. However, it is typical
to pass-through the increment to the City as with other taxing entities. Further, the Agency's financial
analysis does not anticipate these funds.
FUNDING: None required _,___—.�.
11
Konradt Bartlam
Community Development Director
Prepared by: Community Development Director
KB/lw
APPROVED:
% H. D on Flynn -- City Manager
0214.doc 05/07/02
RESOLUTION NO. 2002-105
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI
ELECTING TO RECEIVE ALL ORA 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
CITY COUNCIL
PHILLIP A. PENNING, Mayor
SUSAN HITCHCOCK
Mayor Pro Tempore
EMILY HOWARD
KEITH LAND
ALAN S. NAKANISHI
CITY OF LODI
CITY HALL, 221 WEST PINE STREET
P.O. BOX 3006
LODI, CALIFORNIA 95241-1910
(209) 333-6702
FAX(209)333-6807
May 16, 2002
Mr. Dixon Flynn
San Joaquin County
Executive Director
Tax Collector
City of Lodi Redevelopment Agency
44 N. San Joaquin
P.O. Box 3006
Stockton, CA 95201
Lodi, CA 95241-1910
H. DIXON FLYNN
City Manager
SUSAN J. BLACKSTON
City Clerk
RANDALL A. HAYS
City Attorney
RE: RESOLUTION ELECTING TO RECEIVE ALL OR A PORTION OF THE
TAX INCREMENT REVENUES OWED TO THE CITY OF LODI WITHIN
REDEVELOPMENT PROJECT AREA NO. 1 PURSUANT TO HEALTH
AND SAFETY CODE SECTIONS 33676 AND 33607.5
Enclosed is a certified copy of the Resolution electing to receive all or a portion of
the tax increment revenues owed to the City of Lodi within Redevelopment
Project Area No. 1 pursuant to Health and Safety Code Section 33676 and
33607.5, which was approved by the Lodi City Council on May 15, 2002.
Should you have any questions, please feel free to contact our office or Rad
Bartlam, Community Development Director, at 333-6711.
Sincerely,
Susan J. Blackston
City Clerk
imp
Enclosure
cc: Community Development Director
followup/1Transmittal.doc