Report to Mayor and City Council
Tuesday, May 01, 2018
Consent
SUBJECT:
Title
CONSIDERATION OF RESOLUTION NO. 18-057 MAKING AN ELECTION FOR THE CITY OF CARSON TO RECEIVE TAX SHARING PAYMENTS FROM THE CARSON REDEVELOPMENT AGENCY PROJECT AREA NO. 1 - 85 ANNEX (CITY COUNCIL)
Body
I. SUMMARY
Pursuant to Health and Safety Code Sections 33607.5, the City of Carson must make an election to receive its share of property tax revenues generated from the Carson Redevelopment Agency project areas. This share represents 25% tax increment pass-through payment authorized by the Health and Safety Code. Staff requests the City Council to approve and adopt attached Resolution No. 18-057 so the City may receive the tax sharing payments.
II. RECOMMENDATION
Recommendation
1. WAIVE further reading and ADOPT Resolution No. 18-057, a "RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON, CALIFORNIA, MAKING AN ELECTION TO RECEIVE PAYMENTS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33607.5(b) FROM THE CARSON REDEVELOPMENT AGENCY PROJECT AREA NO. 1 - 85 ANNEX."
2. AUTHORIZE the City Mayor to execute Resolution No. 18-057 after approval as to form by the City Attorney.
1.
Body
III. ALTERNATIVES
1. MODIFY the resolution and APPROVE as modified.
2. TAKE whatever action the City Council deems appropriate.
IV. BACKGROUND
On July 16, 1984, the City Council approved Ordinance No. 84-696 amending the Redevelopment Plan for Project Area 1. Referred to as 1985 Plan Amendment, the ordinance amended the plan by adding approximately 967 acres to the original project area. The property tax revenues for this project area are accounted for under TD 125.06 - RP#1 - 85 Annex by the Office of the Auditor-Controller of the County of Los Angeles.
Several subsequent ordinances were adopted by the City Council amending the Project Area No. 1 redevelopment plan which include the following:
* Ordinance 03-1299 adopted on November 4, 2003 which extended the life of the plan for the 1985 Amend...
Click here for full text