HomeMy WebLinkAbout2024-06-25 - RESOLUTIONS - RECEIVE TAX REVENUES HSC 33676 33607.5RESOLUTION NO. 24-44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, CALIFORNIA, ELECTING TO RECEIVE ALL OR A
PORTION OF THE TAX REVENUES PURSUANT TO
HEALTH AND SAFETY CODE SECTIONS 33676 AND 33607.5
WHEREAS, the City Council of the City of Santa Clarita (City Council) adopted
Ordinance No. 97-12 on July 8, 1997, adopting the Redevelopment Plan (Redevelopment
Plan) for the Newhall Redevelopment Project (Project), in order to address conditions of
blight existing within the Newhall Redevelopment Project Area (Project Area);; and
WHEREAS, Section 33676 of the Health and Safety Code providenhat prior to the
adoption of a redevelopment plan, an affected taxing agency may elect to receive; ii 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.Redevelbpment
Agency of the City of Santa Clarita (Agency), pursuant to Health and Safety Code Section
33670(b), which are attributable to the tax -increases imposed for the benefit of the taxing
agency after the year in which the ordinance adopting the Redevelopment Plan becomes
effective (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 into it, an amount
equal to 25 percent of its proportional share of the tax increments received by the Agency,
after the amount required to deposit in the Low and Moderate Income Housing Fund has been
deducted (City Election); and
WHEREAS, ABXI 26, adopted by the State Legislature on June 29, 2011, purports to
eliminate redevelopment agencies, but also provides that the County of Los Angeles shall
distribute property taxes subsequent to such elimination to each taxing entity in amounts equal
to that which would have been received under, among other laws, Health and Safety Code
Section 33607.5.
NOW, THEREFORE, the City Council of the City of Santa Clarita, California, does
hereby resolve as follows:
SECTION 1. The foregoing recitals are true and correct, and the City Council hereby so
finds and determines.
SECTION 2. The City Council hereby elects to receive all increases as herein defined.
SECTION 3. The City Council hereby elects to receive the City Election as herein
defined.
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SECTION 4. The City Clerk is hereby directed and authorized to transmit a copy of
this resolution to the tax collector of the County of Los Angeles.
PASSED, APPROVED, AND ADOPTED this 25 h day of June 2024.
5
MAYOR
ATTEST:
- r 4-
CITY :LARK .
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Mary Cusick, City Clerk of the City of Santa Clarita, do hereby certify that the
foregoing Resolution No. 24-44 was duly adopted by the City of Santa Clarita at a regular
meeting thereof, held on the 25`h day of June 2024, by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Weste, McLean, Miranda, Gibbs, Smyth
None
None
CITY CLERK
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