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ORDINANCE NO. MC-724
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING ORDINANCE NO. MC-564
AND THE REDEVELOPMENT PLAN FOR THE CENTRAL
CITY SOUTH REDEVELOPMENT PROJECT
WHEREAS, by Ordinance No. 3572 adopted on May 3, 1976, the
Mayor and Common Council of the City of San Bernardino,
California, duly adopted the Redevelopment Plan for the
Meadowbrook Redevelopment Project (the "Redevelopment Plan");
and
WHEREAS, by Ordinance No. MC-564, adopted on December 8,
1986, the Redevelopment Plan was subsequently amended by the
Mayor and Common Council in accordance with Legislative 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-564; and
WHEREAS, the Community Development Commission has prepared
under the requirements of Section 33334.6(g) and adopted by
Resolution No. , 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 elminate 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 ~.) 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 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 increment."
Section 2. 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 at an adjourned regular meeting hereof, held on the
2nd day of April ,1990, by the following vote, to wit:
NOES:
Council Members Estrada, Reilly, Flores, Maudsley,
Minor, Pope-Ludlum, Miller
none
AYES:
ABSENT: none
ABSTAIN: none
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C{ty Clerk
The foregoing Ordinance IS hereby approved this
April , 1990.
Approved as to form
and legal content:
JAMES F. PENMAN,
::~
02/23/90
8464n/2601/20
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