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Home My WebLink AboutCDC/2000-01 I 2 3 4 5 6 7 8 9 10 II 12 13 14 IS 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. CDC 2000-1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING AN AGREEMENT, AND AUTHORIZING EXECUTION THEREOF, WITH THE COUNTY OF SAN BERNARDINO FOR THE APPORTIONMENT OF PROPERTY TAXES TO THE SAN BERNARDINO REDEVELOPMENT AGENCY. WHEREAS, the Community Development Commission ("Commission") desires to enter into an agreement with the County of San Bernardino for the apportionment of property taxes to the San Bernardino Redevelopment Agency. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, AS FOLLOWS: Section 1. The Commission hereby approves and authorizes the Chairperson of the Commission to execute an agreement with the County of San Bernardino for the apportionment of property taxes to the San Bernardino Redevelopment Agency, as attached hereto. Section 2. This Resolution shall take effect upon the date of its adoption. II II II II II II II 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CDC 2000-1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING AN AGREEMENT, AND AUTHORIZING EXECUTION THEREOF, WITH THE COUNTY OF SAN BERNARDINO FOR THE APPORTIONMENT OF PROPERTY TAXES TO THE SAN BERNARDINO REDEVELOPMENT AGENCY. I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community Development Commission of the City of San Bernardino at a joint meeting thereof held on the 24thday of January ,2000, by reguldL ,---- the following vote, to wit: Commission Members Ayes Nays Abstain Absent ESTRADA x ---- LIEN x MCGINNIS x SCHNETZ x SUAREZ x ANDERSON x MILLER x The foregoing Resolution is hereby approved thi~7.h\tay of Januar:y2000. l}" . " /1 czu/ (" j) L (i {"L -'r-> Norine Miller Vice Chairman By: Agency Counsel CDC 2000-1 AUDITOR/CONTROLLER-RECORDER COUNTY OF SAN BERNARDINO AUDITOR/CONTROLLER' 222 West Hospitality Lane, Fourth Floor . San Bernardino, CA 92415-0018 . (909) 387-8322 . Fax (909) 386-8830 RECORDER' 222 West Hospitality Lane, First Floor San Bernardino, CA 92415-0022 . (909) 387-8306 . Fax (909) 386-8940 LARRY WALKER Auditor/Controller- Recorder ELIZABETH A. STARBUCK G J F t iJ 11 Rr'] 9 C Y Assistant Auditor/Controller-Recorder December 14,1999 (; 1 I, _:- ~ vr-\l\ ~ ,_ i ,,,~i,,,;iNO SAN BERNARDINO REDEVELOPMENT AGENCY ATTN: FINANCE DIVISION 201 NORTH 'E' STREET, 3RD FLOOR SAN BERNARDINO, CA 92401-1507 C) C.l -" ;-T1 I.U I :_~o ~-';'"l ~ C"J -..... 2~~ c.~, ::.____ r'!"'l--I :::~) ::-::-"': 1""---. ,..... ~- ("---- r~ -,::t --') i ",) RE: REDEVELOPMENT AGENCY (RDA) APPORTIONMENT AGREEMENT ;--) ;-.~ 1 Attached is an agreement which was approved in form by the Board of Supervisor on November 23, 1999. As indicated in the documents, we are planning to change our practice off withholding apportionments to RDA's when our review indicates possible overapportionments. Instead we plan to continue to provide the RDA's their apportionments, if the enclosed agreement is approved by the RDA. We hope that this change will prevent cash flow fluctuations to the RDA's. We would appreciate it if the agreement is approved by the appropriate officials of the RDA and returned to our office. If you have any questions please call me at (909) 386- 8855 or Ron Leuschen at (909) 386-8829. Thank you for your cooperation. Sincerely, HOWARD M. OCHI Chief Deputy Controller ;~~) L_) - "'-1 Attachment HO:ca ~:~~ ~~~-: . , (ptlrda/rda agrmt Itr) CDC 2000-1 AGREEMENT FOR THE APPORTIONMENT OF PROPERTY TAXES TO REDEVELOPMENT AGENCIES THIS AGREEMENT is made and entered into as of the 24th day of January, 2000. By and between the COUNTY OF SAN BERNARDINO, hereinafter called COUNTY, and the Community Development Commission (San Bernardino , hereinafter referred to as "Agency". Redevelopment Agency) WITNESSETH: WHEREAS, it has been the COUNTY's practice to review the apportionment of property taxes to the redevelopment agencies during March of each fiscal year; WHEREAS, the purpose of such review is to determine if there has been a trend of higher than expected value corrections which would impact the current apportionments; WHEREAS, if COUNTY determines that there is a possibility that current apportionments could be in excess of established rates, after including projected adjustments to property values, COUNTY would withhold the distribution of property tax funds to the Agency; WHEREAS, the withheld funds would all or partially be released to the Agency after the completion of the COUNTY's final reconciliations for the fiscal year, which is completed in July of the following fiscal year; WHEREAS, it is the Agency's desire to change this process to allow all apportioned funds to be distributed during the fiscal year. NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows: 1. COUNTY agrees to distribute all apportioned property taxes to the Agency throughout the fiscal year. 2. If the COUNTY's final reconciliations for the fiscal year, which is completed in July of the following fiscal year, indicated an overpayment has been made, the Agency will refund the funds to the COUNTY within 30 days after notification by the COUNTY. 3. If the COUNTY does not receive the refund within 30 days of the notification, interest will be charged from the date of the notification on the outstanding balance, until fully paid. Interest will be charged at the current County Treasury pool rate plus 2.5%. 4. If the COUNTY does not receive the refund within 30 days of the notification, the COUNTY will offset the outstanding amount, plus interest, against all property tax apportionments due the agency until fully paid. CDC 2000-1 5. This agreement shall be effective for the 1999/2000 fiscal year and each fiscal year thereafter unless terminated as hereinafter provided. 6. Either party may terminate this Agreement for any reason upon 30 days written notice to the other party, except that if there is an outstanding balance owed by Agency to County at the time of such termination, County shall continue to have the right to offset the outstanding amount, plus interest, until fully paid, notwithstanding the termination of the contract. IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first above written. Agency: Community Development Commission (San Bernaralno Reaeve~opment Agency} By: )b--LL'~'(' 1/11IA,{J Printed or typed Name: Norine Miller, Vice Chairman Title: Vice Chairman Date: t1//J?7Ao . I By: Printed or typed Name: La rrv Wa 1 ker Title: Audi tar/Cantrall er-Recarder Date: February 2, 2000 (wd/board/agreementwilhrda)