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ORDINANCE NO. /J1 {!. -711
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING ORDINANCE NO. MC-562
AND THE REDEVELOPMENT PLAN FOR THE CENTRAL
CITY WEST REDEVELOPMENT PROJECT
AND REPEALING ORDINANCE NO. MC-720
WHEREAS, by Ordinance No. 3553 adopted on February 17, 1976, the
Mayor and Common Council of the City of San Bernardino, California, duly
adopted the Redevelopment Plan for the Central City West Redevelopment
Project (the "Redevelopment Plan"); and
WHEREAS, by Ordinance No. MC-562, adopted on December 8, 1986, the
Redevelopment Plan was subsequently amended by the Mayor and Common
Council in accordance with Le9islative mandate set forth in Health &
Safety Code Section 33333.4 (a) to include certain provisions including
without limitation provisions relating to the number of dollars of taxes
which may be divided and allocated to the Commission pursuant to the
Redevelopment Plan;
WHEREAS, Section E-3b entitled "Limitation on Number of Dollars of
Taxes which may be Divided and Allocated to Agency" was added to the
Redevelopment Plan pursuant to Ordinance No. MC-562; and
WHEREAS, the Community Development Commission has prepared under the
requirements of Section 33334.6(g) and adopted by Resolution No. 5238, a
plan (the "Housing Fund Deficit Plan") to eliminate the deficit in the
low and moderate income housing fund for the Redevelopment Plan (the
"Housing Fund"); and
WHEREAS, Section 33333.4(c) provides that any city which adopted an
ordinance pursuant to Section 33333.4(a) shall amend such ordinance to
modify the tax increment limit in the Redevelopment Plan when it
determines that the tax increment limit previously established is
inadequate to fund the Housing Fund deficit resulting from the imposition
of the twenty percent (20%) set aside requirement imposed by Section
33334.6; and
WHEREAS, in order to eliminate the deficit in the Housing Fund, it
is necessary to amend and modify the provisions of the Redevelopment Plan
relating to the tax increment limit; and
WHEREAS, the City has given notice pursuant to the requirements of
the California Environmental Quality Act (Public Resources Code Section
21000 et seq.) of its intention to adopt a negative declaration of
environmental impacts relating to the amendment and modification of the
Redevelopment Plan.
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NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO DO ORDAIN AS FOllOWS:
Section 1. The following sentence shall be added to the end of
Section "E-3b" of the Redevelopment Plan:
"An amount equal to twenty-five percent (25%) of that amount derived
from the above formula shall be added to that amount resulting from
the application of the above formula to arrive at the total tax
i nc rement . "
Section 2.
Ordinance No. MC-720 is hereby repealed.
Section 3. Within fifteen (15) days after its passage, the City
Clerk shall cause this Ordinance to be published at least once in a
newspaper of general circulation published and circulated in the City of
San Bernardino. This Ordinance shall take effect thirty (30) days
following the date of adoption hereof.
I HEREBY CERTIFY that the foregoing Ordinance was duly adopted by
the Mayor and Common Council of the City of San Bernardino~~
a .A~ meeting hereof, held on the !.i"h,.day of ,
1990, the following vote, to wit: ,
AYES:C:~~~'~/'*7JU~ ~/ '11twtCll,
NOES: '/'k7U
ABSENT:t~ ~??" ..;4,LIa-n,,/ '-/tud.~
ABSTAIN: 11C'7tt
C~~~L ~
),he foregoing Ordinance is hereby approved this 17 X"da~/"
of tJ/?'.h-/UA , 1990.
i..A/J./1-~-
Approved as to form
and legal content:
JAMES F. PENMAN,
City Attorney
BY:~,Jf.p. )
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