HomeMy WebLinkAbout2007-06-12 - RESOLUTIONS - RECEIVE TAX REVENUES (2)RESOLUTION NO. 07-43
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 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 Redevelopment 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 twenty-five percent (25%) 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").
NOW, THEREFORE, the City Council of the City of Santa Clarita 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 Agency and tax collector of the County of Los
Angeles.
PASSED, APPROVED AND ADOPTED this 12th day of June, 2007.
ATTEST:
Q"�
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clarita, do hereby certify that
the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a
regular meeting thereof, held on the 12th day of June, 2007, by the following vote:
AYES: COUNCILMEMBERS: Kellar, Boydston, Ferry, Weste, McLean
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution No. 07-43, adopted by the City Council of the City of
Santa Clarita, California on June 12, 2007, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this _ day of
20
Sharon L. Dawson, CMC
City Clerk
By
Susan Caputo
Deputy City Clerk