HomeMy WebLinkAboutR02-Redevelopment Agency
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REDEVELOPMENT AGENCY -REQUEST FOR COMMISSION/COUNCIL ACTION
Subject:
REDEVELOPMENT PLAN ADMENDMENT - STATE
BILL 690
m: Glenda Saul, Executive Director
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Dept: Redevelopment Agency
Date: November 10, 1986
Synopsis of Previous Commission/Council action:
7-21-86
2-24-65
4-27-70
8-6-73
2-17-76
5-3-76
5-3-76
6-21-76
Ordinance 2233 adopted Redevelopment Plan-Meadowbrook
Ordinance 2649 adopted Redevelopment Plan-Central City
Ordinance 3067 adopted Redevelopment Plan-State College
Ordinance 3366 adopted Redevelopment Plan-Central City North
Ordinance 3553 adopted Redevelopment Plan-Central City West
Ordinance 3571 adopted Redevelopment Plan-Central City East
Ordinance 3572 adopted Redevelopment Plan-Central City South
Ordinance 3583 adopted Redevelopment Plan-Southeast Industrial Park
Recommended motion:
(MAYOR AND COMMON COUNCIL)
......
--. PIRST READING OP THE POLLOWDfG ORDINANCES:
a) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE MEADOWBROOK PARK REDEVELOPMENT PROJECT (MEADOWBROOK
PROJECT NO.1)
b) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY PROJECT NO. 1.
c) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE STATE COLLEGE REDEVELOPMENT PROJECT NO.4.
Continued on Next Page
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Signatu re
Contact person:
~, O"~~ Sonl nr C:~T"l,.h.~ T /"'l11r!pr
Phone: 383-5081
Ward: 1st, Jra, 5th, etA
Project: M/CC, SC, CCN, CCW,
CCE, CCS, SElP
Date: 11 17 86
Supporting data attached:
YJ;'~
Amount: $
FUNDING REQUIREMENTS:
}JJ f.
No adverse I mpact on City:
.... ~ncil Notes:
f<2
Agenda Item No,
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Glenda Saul, Executive Director
REDEVELOPMENT PLAN AMENDMENT
STATE BIll. 690
November 17, 1986
Recommended Motion:
(Continued from page 1)
(MAYOR AllD COKHON COUNCIL)
d) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY NORTH REDEVELOPMENT PROJECT.
e) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY WEST REDEVELOPMENT PROJECT.
f) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDI 0 , CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY EAST REDEVELOPMENT PROJECT.
'"'<
........ g) MOVE TO ADOPT ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY SOUTH REDEVELOPMENT PROJECT.
h) MOVE TO ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE SOUTHEAST INDUSTRIAL PARK REDEVELOPMENT PROJECT.
...
0597R
0597R/SL
11-17-86
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CI{w/ OF SAN BERNARDI::O - REQUI:'T FOR COUNCIL ACT"::)N
STAFF REPORT
Senate Bill 690 was approved by the Governor September 16, 1985 and filed with the
Secretary of State September 17, 1985.
SB690 provides that all projects adopted prior to October 1, 1976 require adoption of
an ordinance by December 31, 1986 amending the plans.
The ordinance amending the plan must specify a limitation of the amount of tax
increment which may be derived by the agency, a time limit on when the Agency may
incur debt, and a time limit (not to exceed 12 years) on the use of the Agency's power
of eminent domain.
PROPOSED ORDINANCES
The ordinances attached meet the requirements of SB690. It is proposed that the first
reading be held on November 17, 1986 and the final reading and adoption take place on
December 8, 1986. The Redevelopment Committee has reviewed the proposed action and
recommends approval.
Below Is a summary of the ordinances with key data set fourth.
* MAXIMUM TIME LIMIT TIME LIMIT
OUTSTANDING FOR FOR EXERCISE
DEBT AT ANY INCURRING DEBT OF EMINENT DOMAIN
: 1"-- PROJECT AREA ANY ONE TIME (15 YEARS) (12 YEARS)
a. Meadowbrook $25,000,000.00 Jan 2002 Jan 1999
b. Central City $15,000,000.00 Jan 2002 Jan 1999
c. State College $60,000,000.00 Jan 2002 Jan 1999
d. Central City North $40,000,000.00 Jan 2002 Jan 1999
e. Central Ctiy West $ 5,000,000.00 Jan 2002 Jan 1999
f. Central City East $25,000,000.00 Jan 2002 Jan 1999
g. Central City South $30,000,000.00 Jan 2002 Jan 1999
h. Southeast Indust. Park $60,000,000.00 Jan 2002 Jan 1999
* The limitation to the amount of tax increment which may be derived by
the Agency is that amount needed to service the debt.
0597R
7~0264
0597R/SL
11-17-86
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SBEOOI-161/2027S/k1
11/06/86
ORDINANCE NO,
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING THE REDEVELOPMENT PLAN FOR
THE STATE COLLEGE REDEVELOPMENT PROJECT NO. 4
WHEREAS, by Ordinance No, 3067 adopted on April 27, 1970,
the Mayor and Common Council of the City of San Bernardino,
California, duly adopted the Redevelopment Plan for the State
College Redevelopment Project No, 4 (the "Redevelopment Plan"); and
WHEREAS, Health and Safety Code Section 33333.4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1, 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333.2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
and
Safety
Code
required
by
Health
Sections 33333,2 and 33333.4, and it is now reasonable and
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions,
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DO ORDAIN AS FOLLOWS:
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Section 1.
Subsection 2
of
Section "D"
of
the
~
Redevelopment Plan is hereby amended by adding thereto Paragraph "f"
to read in its entirety as follows:
"f, The Agency may acquire real and
personal property for purposes of this Plan in
the manner and to the extent permitted by the
Community Redevelopment Law of the State of
California, Health and Safety Code Section 33000,
et seq, The Agency shall not commence any
proceeding to acquire property by eminent domain
pursuant to this Plan later than twelve (12)
years following the effective date of the
Ordinance pursuant to which this provision of
Paragraph "f" was adopted as part of this Plan,"
Section 2,
Section "E" of the Redevelopment Plan is
hereby amended by renumbering Sections 2
and 3
to become
Subsections 4 and 5, respectively, and by adding new Subsections 2
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and 3 to read in their entirety as follows:
"2. Time Limit on Establishinq Loans, Advances
and Indebtedness
...
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection 2 was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit. Such time
limitation may be extended only by amendment of
this Plan, The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq" of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the Redevelopment Project,
shall not exceed the sum of sixty million dollars
($60,000,000) without an amendment of this Plan,"
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3. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
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a,
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known, Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan, The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection 2 of
this Section "E" in any fiscal year shall be
a figure der i ved by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph "b" below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"). As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
parity Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term par i ty Bonds; (4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans. notes.
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
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already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon,
The principal amount of tax allocation
bonded indebtedness applicable to the
Redevelopment project issued pursuant to
Section 33640, et seq., of the Health and
Safety Code, exclusive of (i) sales and use
tax revenue bonds or other similar bonded
indebtedness or contractual obligations,
(ii) other Agency subordinated contractual
obligations payable from tax allocations
and, (iii) other forms of indebtedness and
City and/or Agency indebtedness payable from
tax allocations, which can be outstanding at
anyone time and payable in whole or in part
from tax allocations attributable to the
Redevelopment Project shall be limited to
sixty million dollars ($60,000,000) if and
to the extent the same is serviceable solely
from tax allocations, applying to such tax
allocations the 1,75 coverage test as set
forth above to so determine the total amount
of tax allocations to be allocated to the
Agency for the debt service requirements on
such tax allocation bonded indebtedness
issued pursuant to said section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
sixty million dollars ($60,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which 'shall be available to the
Agency,"
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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 Counci 1 of the Ci ty of
San Bernardino at a regular meeting thereof, held on the day
of
, 1986, by the following vote, to wit:
AYES: Members
,...."
\..., NOES: Members
ABSENT: Members
ABSTAIN : Members
City Clerk
The foregoing Ordinance is hereby approved this
day
of
, 1986,
Mayor of the City of
San Bernardino
Approved as to form:
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Ci ty Attorney
/202
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SBEOOl-154/2015S/kl
11/06/86
C
ORDINANCE NO,
AN ORDINANCE OF THE CITY OF SAN BERNARDINO.
CALIFORNIA, AMENDING THE REDEVELOPMENT PLAN FOR
THE SOUTHEAST INDUSTRIAL PARK REDEVELOPMENT
PROJECT
WHEREAS. by Ordinance No, 3583 adopted on June 21, 1976,
the Mayor and Common Council of the City of San Bernardino.
California, duly adopted the Redevelopment Plan for the Southeast
Industrial Park Redevelopment Project (the "Redevelopment Plan"); and
WHEREAS, Health and Safety Code Section 33333.4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1. 1976 that does not contain certain provisions
o otherwise required by Health and Safety Code Section 33333.2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
Sections 33333.2 and 33333,4. and it is now reasonable and
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions,
NOW, THEREFORE. THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO DO ORDAIN AS FOLLOWS:
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Section 1.
Subsection "A"
Section IV
the
of
of
Redevelopment Plan
is hereby amended by adding thereto Paragraph 3
to read in its entirety as follows:
"3, Time Limit for Commencement of Eminent Domain
The Agency shall not commence any proceeding to
acquire property by eminent domain pursuant to
this Plan later than twelve (12) years following
the effective date of the Ordinance pursuant to
which this Paragraph 3 was adopted as part of
this Plan."
Section 2.
Section VI of the Redevelopment Plan is
hereby amended by adding thereto Subsections "D" and "E" to read in
their entirety as follows:
D. Time Limit on Establishinq Loans, Advances
and Indebtedness
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection. "D" was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit, Such time
limitation may be extended only by amendment of
this Plan, The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq., of the Health and Safety Code) to be
repaid in whole or in part from such allocation
of taxes, which can be outstanding at one time,
shall not exceed the sum of sixty million dollars
($60,000,000) without an amendment of this Plan,
E, Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
1.
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
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value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known, Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan, The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection "B" of
this Section VI in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph 2 below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"), As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(I) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
pari ty Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term parity Bonds; (4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon,
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The principal amount of tax allocation
bonded indebtedness issued pursuant to
Section 33640, et ~" of the Health and
Safety Code, exclusive of (i) sales and use
tax revenue bonds or other similar bonded
indebtedness or contractual obligations,
(ii) other Agency subordinated contractual
obligations payable from tax allocations
and, (iii) other forms of indebtedness and
City and/or Agency indebtedness payable from
tax allocations, which can be outstanding at
anyone time and payable in whole or in part
from tax allocations attributable to the
Redevelopment Proj ect, shall be limited to
sixty million dollars ($60,000,000) if and
to the extent the same is serviceable solely
from tax allocations, applying to such tax
allocations the 1,75 coverage test as set
forth above to so determine the total amount
of tax allocations to be allocated to the
Agency for the debt service requirements on
such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
sixty million dollars. ($60,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency. "
Section 3,
wi thin fifteen (15) days after its passage,
the City Clerk shall cause this Ordinance to be published at least
c
- 4 -
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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 COlTUllon Council of the City of
San Bernardino at a regular meeting thereof, held on the
day
of . 1986. by the following vote. to wit:
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
The foregoing Ordinance is hereby approved this
day
of
. 1986.
Mayor of the City of
San Bernardino
Approved as to form:
/,;.- .; , .'
V~< ~
City Attorney
"
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SBEOOl-157/2022S/kl
11/06/86
o
ORDINANCE NO,
AN ORDINANCE OF THE CITY OF SAN BERNARDINO.
CALIFORNIA. AMENDING THE REDEVELOPMENT PLAN FOR
THE MEADOWBROOK PARK REDEVELOPMENT PROJECT
(MEADOWBROOK PROJECT NO.1)
WHEREAS. by Ordinance No, 2233 adopted on July 21, 1958,
the Mayor and Common Council of the City of San Bernardino,
California. duly adopted the Redevelopment Plan for the Meadowbrook
Park
Redevelopment
Project
(the
"Redevelopment
Plan") .
as
subsequently amended; and
WHEREAS. pursuant to Health and Safety Code Section 33476.
the Meadowbrook Park Redevelopment Project (also referred to as the
o "Meadowbrook Proj ect No.1" ) was merged wi th the Centr al City.
Central City South and Central City East Redevelopment Projects; and
WHEREAS. Health and Safety Code Section 33333,4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1. 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333,2 shall
adopt an ordinance on or before December 31. 1986 which contains
such provisions; and
WHEREAS. the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
o
Sections 33333.2 and 33333,4. and it is now reasonable and
- 1 -
o
o
o
o
o
......
v
o
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions.
NOW, THEREFORE, THE MAYOR ANn COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DO ORDAIN AS FOLLOWS:
Section 1.
Subsection 1
of
Section "n"
of
the
Redevelopment
Plan
is
hereby
amended
by
adding
thereto
Subparagraph "b" to read in its entirety as follows:
"b. The Agency may acquire real and
personal property for purposes of this Plan in
the manner and to the extent permitted by the
Community Redevelopment Law of the State of
California, Health and Safety Code Section 33000,
et seq. The Agency shall not commence any
proceeding to acquire property by eminent domain
pursuant to this Plan later than twelve (12)
years following the effective date of the
Ordinance pursuant to which this Subparagraph "b"
was adopted as part of this Plan."
Section 2.
Section "E" of the Redevelopment Plan is
hereby amended by renumbering Subsections 2 and 3 to become
Subsections 4 and 5, respectively, and by adding new Subsections 2
and 3 to read in their entirety as follows:
"2, Time Limit on Establishinq Loans, Advances
and Indebtedness
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection 2 was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
- 2 -
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o
indebtedness may be repaid over a period of time
longer than such time limit. Such time
limitation may be extended only by amendment of
this Plan, The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq" of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the merged
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects (which
were merged pursuant to Health and Safety Code
Section 33476), shall not exceed the sum of
ninety-five million dollars ($95,000,000) without
an amendment of this Plan. In the event that the
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects for any
reason hereafter no longer remain merged as
provided in Health and Safety Code Section 33476,
then the principal amount of bonded indebtedness
applicable to the Meadowbrook Park Redevelopment
Project (Meadowbrook Project No.1) as set forth
above, which can be outstanding at anyone time,
shall not exceed the sum of twenty-five million
dollars ($25,000,000) without an amendment of
this Plan.
o
o
3. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
a,
o
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known. Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection 2 of
this Section "E" in any fiscal year shall be
a figure der i ved by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph "b" below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1,75 ("coverage"), As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
- 3 -
o
o
o
o
v
o
o
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
parity Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term parity Bonds; (4) any .other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon,
b.
The principal amount of tax allocation
bonded indebtedness applicable to the merged
Meadowbrook/Central City, Central City East
and Central Ci ty South Redevelopment
Projects (which were merged pursuant to
Health and Safety Code Section 33476),
issued pursuant to Section 33640, et seq"
of the Health and Safety Code, exclusive of
(i) sales and use tax revenue bonds or other
similar bonded indebtedness or contractual
obligations, (ii) other Agency subordinated
contractual obligations payable from tax
allocations and, (iii) other forms of
indebtedness and Ci ty and/or Agency
indebtedness payable from tax allocations,
which can be outstanding at anyone time and
payable in whole or in part from tax
allocations attributable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (as merged pursuant to Health and
Safety Code Section 33476) shall be limited
to ninety-five million dollars ($95,000,000)
if and to the extent the same is serviceable
- 4 -
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V
solely from tax allocations, applying to
such tax allocations the 1.75 coverage test
as set forth above to so determine the total
amount of tax allocations to be allocated to
the Agency for the debt service requirements
on such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
ninety-five million dollars ($95,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency, In the event that the
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
proj ects for any reason hereafter no longer
remain merged as provided in Health and
Safety Code Section 33476, then the
principal amount of bonded indebtedness
applicable to the Meadowbrook Park
Redevelopment Project (Meadowbrook Project
No, 1) as set forth in this Paragraph "b"
which can be outstanding at anyone time and
payable in whole or in part from tax
allocations attributable to the
Redevelopment Project, shall not exceed the
sum of twenty-five million dollars
($25,000,000) without an amendment of this
Plan. "
o
Section 3,
wi thin 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
o
in the City of San Bernardino.
This Ordinance shall take effect
thirty (30) days following the date of adoption hereof,
- 5 -
0 c 0 0
I HEREBY CERTIFY that the foregoing Ordinance was duly
0 adopted by the Mayor and Conunon Council of the City of
San Bernardino at a regular meeting thereof, held on the day
of , 1986, by the following vote, to wit:
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
o
The foregoing Ordinance is hereby approved this
day
of
, 1986,
Mayor of the City of
San Bernardino
Approved as to form:
tfZ/ /1,/1--0 .':_~~
,": ..~~,-_'/7"1-/l:::'.~::;/',
"
City Attorney
/2022S
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- 6 -
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SBEOOI-156/2019S/ak
11/06/86
o
ORD INANCE NO,
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING THE REDEVELOPMENT PLAN FOR
THE CENTRAL CITY EAST REDEVELOPMENT PROJECT
WHEREAS, by Ordinance No, 3571 adopted on May 3, 1976, the
Mayor and Common Council of the City of San Bernardino, California,
duly adopted the Redevelopment Plan for the Central City East
Redevelopment Project (the "Redevelopment Plan"); and
WHEREAS, pursuant to Health and Safety Code Section 33476,
the Central City East Redevelopment Project was merged with the
Meadowbrook/Central City and Central City South Redevelopment
.---\
U Projects; and
WHEREAS, Health and Safety Code Section 33333,4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1. 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333,2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
Sections 33333.2 and 33333,4, and it is now reasonable and
o
- 1 -
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appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO DO ORDAIN AS FOLLOWS:
Section 1,
Subsection "A"
of
Section IV
of
the
Redevelopment Plan is hereby amended by adding thereto Paragraph 3
to read in its entirety as follows:
"3. Time Limit for Commencement of Eminent Domain
The Agency shall not commence any proceeding to
acquire property by eminent domain pursuant to
this Plan later than twelve (12) years following
the effective date of the Ordinance pursuant to
which this Paragraph 3 was adopted as part of
this Plan."
Section 2.
Section VI of the Redevelopment Plan is
hereby amended by adding thereto Subsections "D" and "E" to read in
their entirety as follows:
"D. Time Limit on Establ i shinq Loans, Advances
and Indebtedness
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection "D" was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date, Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit, Such time
limitation may be extended only by amendment of
this Plan. The principal amount of bonded
- 2 -
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-
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o
-
'-'
indebtedness (issued pursuant to Section 33640,
et seq., of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the merged
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects (which
were merged pursuant to Health and Safety Code
Section 33476), shall not exceed the sum of
ninety-five million dollars ($95,000,000) without
an amendment of this Plan. In the event that the
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects for any
reason hereafter no longer remain merged as
provided in Health and Safety Code Section 33476,
then the principal amount of bonded indebtedness
applicable to the Central City East Redevelopment
proj ect as set forth above, which can be
outstanding at anyone time, shall not exceed the
sum of twenty-five million dollars ($25,000,000)
without an amendment of this Plan.
..
E. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
1""":1
'-'
'-
1.
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known. Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection "B" of
this Section VI in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph 2 below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"). As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
- 3 -
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'-
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sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
pari ty Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term par i ty Bonds; ( 4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon,
2.
The principal amount of tax allocation
bonded indebtedness applicable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (which were merged pursuant to
Health and Safety Code Section 33476),
issued pursuant to Section 33640, et gg"
of the Health and Safety Code, exclusive of
(i) sales and use tax revenue bonds or other
similar bonded indebtedness or contractual
obligations, (ii) other Agency subordinated
contractual obligations payable from tax
allocations and, (iii) other forms of
indebtedness and City and/or Agency
indebtedness payable from tax allocations,
which can be outstanding at anyone time and
payable in whole or in part from tax
allocations attributable to the merged
Meadowbrook/Centr a I Ci ty , Central City East
and Central City South Redevelopment
Proj ects (as merged pursuant to Health and
Safety Code Section 33476) shall be limited
to ninety-five million dollars ($95,000,000)
if and to the extent the same is serviceable
solely from tax allocations, applying to
such tax allocations the 1,75 coverage test
- 4 -
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-
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~
~
as set forth above to so determine the total
amount of tax allocations to be allocated to
the Agency for the debt service requirements
on such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
ninety-five million dollars ($95,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency. In the event that the
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects for any reason hereafter no longer
remain merged as provided in Health and
Safety Code Section 33476, then the
principal amount of bonded indebtedness
applicable to the Central City East
Redevelopment Project as set forth in this
Paragraph 2 which can be outstanding at any
one time and payable in whole or in part
from tax allocations attributable to the
Redevelopment Project, shall not exceed the
sum of twenty-five million dollars
($25,000,000) without an amendment of this
Plan,"
.
'-'
,..;;;.,.
'-'
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,
- 5 -
'" ...
'-"
~
'-'
-
'"
.-
..
adopted
".
'-
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~
I HEREBY CERTIFY that the foregoing Ordinance was duly
by
the
Mayor
and
Council
the
of
Common
San Bernardino at a regular meeting thereof. held on the
of . 1986. by the following vote, to 'wit:
of
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City
of
day
City Clerk
The foregoing Ordinance is hereby approved this
. 1986.
Approved as to form:
{/2 . //./7 r
/' /" '.J..'.. ../
,:.{.~,<:,' :..... . /' -./.. ~.." ......;.....
i'
City Attorney
/2019S
day
Mayor of the City of
San Bernardino
- 6 -
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.
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SBEOOI-155/2018S/kl
11/06/86
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING 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 Central City South
Redevelopment Project (the "Redevelopment Plan"); and
WHEREAS, pursuant to Health and Safety Code Section 33476,
the Central City South Redevelopment Project was merged with the
Meadowbrook/Central City and Central City East Redevelopment
Projects; and
WHEREAS, Health and Safety Code Section 33333,4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1, 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333.2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
Sections 33333,2 and 33333,4, and it is now reasonable and
- 1 -
-
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.
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v
c
o
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-
v
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions,
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO DO ORDAIN AS FOLLOWS:
Section 1,
Subsection "A"
the
Section IV
of
of
Redevelopment Plan is hereby amended by adding thereto Paragraph 3
to read in its entirety as follows:
"3. Time Limit for Commencement of Eminent Domain
The Agency shall not commence any proceeding to
acquire property by eminent domain pursuant to
this Plan later than twelve (12) years following
the effective date of the Ordinance pursuant to
which this Paragraph 3 was adopted as part of
this Plan."
Section 2.
Section VI of the Redevelopment Plan is
hereby amended by adding thereto Subsections "D" and "E" to read in
their entirety as follows:
"D. Time Limit on Establishinq Loans, Advances
and Indebtedness
-
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (IS) years
following the effective date of the Ordinance
pursuant to which this Subsection "D" was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit. Such time
limitation may be extended only by amendment of
this Plan. The principal amount of bonded
- 2 -
indebtedness (is0ed pursuant 0 Section 33640,
et seq" of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the merged
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Proj ects (which
were merged pursuant to Health and Safety Code
Section 33476), shall not exceed the sum of
ninety-five million dollars ($95,000,000) without
an amendment of this Plan. In the event that the
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects for any
reason hereafter no longer remain merged as
provided in Health and Safety Code Section 33476,
then the principal amount of bonded indebtedness
applicable to the Central City South
Redevelopment Project as set forth above, which
can be outstanding at anyone time, shall not
exceed the sum of thirty million dollars
($30,000,000) without an amendment of this Plan,
c
.-
~
o
E. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
o
-
......
1.
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known, Taxes shall not be divided and shall
not be allocated to. the Agency beyond such
limitation, except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection "B" of
this Section VI in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph 2 below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"). As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
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sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
parity Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term par i ty Bonds; ( 4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon.
2.
The principal amount of tax allocat ion
bonded indebtedness applicable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (which were merged pursuant to
Health and Safety Code Section 33476),
issued pursuant to Section 33640, et seq.,
of the Health and Safety Code, exclusive of
(i) sales and use tax revenue bonds or other
similar bonded indebtedness or contractual
obligations, (ii) other Agency subordinated
contractual obligations payable from tax
allocations and, (iii) other forms of
indebtedness and Ci ty and/or Agency
indebtedness payable from tax allocations,
which can be outstanding at anyone time and
payable in whole or in part from tax
allocations attributable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (as merged pursuant to Health and
Safety Code Section 33476) shall be limited
to ninety-five million dollars ($95,OOO,OOO)
if and to the extent the same is serviceable
solely from tax allocations, applying to
such tax allocations the I, 75 coverage test
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as set forth above to so determine the total
amount of tax allocations to be allocated to
the Agency for the debt service requirements
on such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
ninety-five million dollars ($95,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency, In the event that the
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects for any reason hereafter no longer
remain merged as provided in Health and
Safety Code Sect ion 33416, then the
principal amount of bonded indebtedness
applicable to the Central City South
Redevelopment Project as set forth in this
Paragraph 2 which can be outstanding at any
one time and payable in whole or in part
from tax allocations attributable to the
Redevelopment proj ect, shall not exceed the
sum of thirty million dollars ($30,000,000)
without an amendment of this Plan,"
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
C
thirty (30) days following the date of adoption hereof,
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I HEREBY CERTIFY that the foregoing Ordinance was duly
adopted by the Mayor and Common Council of the City of
San Bernardino at a regular meeting thereof, held on the
day
of , 1986, by the following vote, to wit:
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
The foregoing Ordinance is hereby approved this
of
, 1986,
Approved as to form:
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Ci Y A-;1:'~~';~; ,- . ,
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day
Mayor of the City of
San Bernardino
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SBEOOl-158/2024S/nb
11/06/86
ORD INANCE NO,
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING THE REDEVELOPMENT PLAN FOR
THE CENTRAL CITY PROJECT NO, 1
WHEREAS, by Ordinance No, 2649 adopted on February 23,
1965, as amended by Ordinance No. 3059 dated March 17, 1970, the
Mayor and Common Council of the City of San Bernardino, California,
duly adopted the Redevelopment Plan for the Central City Project
No, 1 (the "Redevelopment Plan"); and
WHEREAS, pursuant to Health and Safety Code Section 33476,
the Central City Project No.1 was merged with the Central City
South, Central City East and Meadowbrook Park (Meadowbrook Project
No, 1) Redevelopment Projects; and
WHEREAS, Health and Safety Code Section 33333,4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1, 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333,2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
Sections 33333,2 and 33333.4, and it is now reasonable and
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" appropriate for the Mayor and Common Council to amend the
""
Redevelopment Plan to include such provisions,
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DO ORDAIN AS FOLLOWS:
Section 1.
Section "H" of the Redevelopment Plan is
hereby amended by adding at the end thereof a new paragraph to read
in its entirety as follows:
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"The Agency shall not commence any
proceeding to acquire property by eminent domain
pursuant to this Plan later than twelve (12)
years following the effective date of the
Ordinance pursuant to which this subparagraph was
adopted as part of this Plan."
Section 2,
Section "C" of the Redevelopment
Plan
is
hereby amended by adding new Subsections 6 and 7 to read in their
entirety as follows:
"6. Time Limit on Establ i shinq Loans, Advances
and Indebtedness
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection 6 was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
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indebtedness may be repaid over a period of time
longer than such time limit, Such time
limitation may be extended only by amendment of
this Plan. The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq" of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the merged
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects (which
were merged pursuant to Health and Safety Code
Section 33476), shall not exceed the sum of
ninety-five million dollars ($95,000,000) without
an amendment of this Plan. In the event that the
Meadowbrook/Central City, Central City East and
Central City South Redevelopment Projects for any
reason hereafter no longer remain merged as
provided in Health and Safety Code Section 33476,
then the principal amount of bonded indebtedness
applicable to the Central City proj ect No, 1 as
set forth above, which can be outstanding at any
one time, shall not exceed the sum of fifteen
million dollars ($l5,OOO,000) without an
amendment of this Plan.
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7. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
a.
,....
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A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known. Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection 6 of
this Section "C" in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph "b" below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1,75 ("coverage"). As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
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(I) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
pari ty Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term parity Bonds; (4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term par i ty Bonds
already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon,
The principal amount of tax allocation
bonded indebtedness applicable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (which were merged pursuant to
Health and Safety Code Section 33476),
issued pursuant to Section 33640, et ~"
of the Health and Safety Code. exclusive of
(i) sales and use tax revenue bonds or other
similar bonded indebtedness or contractual
obligations, (ii) other Agency subordinated
contractual obligations payable from tax
allocations and, (iii) other forms of
indebtedness and Ci ty and/or Agency
indebtedness payable from tax allocations,
which can be outstanding at anyone time and
payable in whole or in part from tax
allocations attributable to the merged
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects (as merged pursuant to Health and
Safety Code Section 33476) shall be limited
to ninety-five million dollars ($95,OOO,OOO)
if and to the extent the same is serviceable
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solely from<:)tax allocatii:fs, applying to
such tax allocations the 1.75 coverage test
as set forth above to so determine the total
amount of tax allocations to be allocated to
the Agency for the debt service requirements
on such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
ninety-five million dollars ($95,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency. In the event that the
Meadowbrook/Central City, Central City East
and Central City South Redevelopment
Projects for any reason hereafter no longer
remain merged as provided in Health and
Safety Code Section 33476, then the
principal amount of bonded indebtedness
applicable to the Central City Project No, 1
as set forth in this Paragraph "b" which can
be outstanding at anyone time and payable
in whole or in part from tax allocations
attributable to the Redevelopment Project,
shall not exceed the sum of fifteen million
dollars ($15,000,000) without an amendment
of this Plan."
o
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.
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I HEREBY CERTIFY that the foregoing Ordinance was duly
adopted by the Mayor and Common Council of the City of
San Bernardino at a regular meeting thereof, held on the day
of . 1986. by the following vote, to wit:
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
The foregoing Ordinance is hereby approved this
of
. 1986.
Approved as to form:
/,f~-;"', , ~ .-' !
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Ci ty At'torney
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/2022S
day
Mayor of the City of
San Bernardino
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SBEOOl-160/2026S/kl
11/06/86
ORD !NANCE NO.
AN ORDINANCE OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AMENDING THE REDEVELOPMENT PLAN FOR
THE CENTRAL CITY WEST REDEVELOPMENT PROJECT
WHEREAS, by Ordinance No. 3553 adopted on February 17,
1973, 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, Health and Safety Code Section 33333.4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1, 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333.2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS, the Redevelopment Plan does not contain certain
provisions
otherwise
Code
required
by
Health
and
Safety
Sections 33333.2 and 33333.4,
and it is now reasonable and
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DO ORDAIN AS FOLLOWS:
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Section 1,
Subsection 1
of
Section liD"
of
the
Redevelopment Plan is hereby amended by adding thereto Paragraph "d"
to read in its entirety as follows:
"d, The Agency may acquire real and
personal property for purposes of this Plan in
the manner and to the extent permitted by the
Community Redevelopment Law of the State of
California, Health and Safety Code Section 33000,
et seq, The Agency shall not commence any
proceeding to acquire property by eminent domain
pursuant to this Plan later than twelve (12)
years following the effective date of the
Ordinance pursuant to which this Paragraph "d"
was adopted as part of this Plan."
Section 2,
Section "E" of the Redevelopment Plan is
hereby amended by renumbering Subsections 2 through 6 to become
Subsections 4 through 8,
respectively,
and by adding new
<:) Subsections 2 and 3 to read in their entirety as follows:
"2. Time Limit on Establishinq Loans, Advances
and Indebtedness
c
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection 2 was adopted
as part of this Plan, o~ of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit. Such time
limitation may be extended only by amendment of
this Plan, The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq" of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the Redevelopment Project,
shall not exceed the sum of five million dollars
($5,000,000) without an amendment of this Plan,"
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3. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
().-,
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a.
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known, Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation. except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to subsection 2 of
this Section "E" in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph "b" below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"), As used herein. maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
parity Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term par i ty Bonds; (4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans. notes.
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation. the
amount of term Bonds and term par i ty Bonds
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already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon.
b.
The principal amount of tax allocation
bonded indebtedness applicable to the
Redevelopment Project issued pursuant to
Section 33640, et seq" of the Health and
Safety Code, exclusive of (i) sales and use
tax revenue bonds or other similar bonded
indebtedness or contractual obligations,
(ii) other Agency subordinated contractual
obligations payable from tax allocations
and, (iii) other forms of indebtedness and
City and/or Agency indebtedness payable from
tax allocations, which can be outstanding at
anyone time and payable in whole or in part
from tax allocations attributable to the
Redevelopment Project shall be limited to
five million dollars ($5,000,000) if and to
the extent the same is serviceable solely
from tax allocations, applying to such tax
allocations the 1,75 coverage test as set
forth above to so determine the total amount
of tax allocations to be allocated to the
Agency for the debt service requirements on
such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
five mi 11 ion dollars ($5,000,000) principal
amount outstanding as set forth above
applying the same coverage test to determine
the total amount of tax allocat ions which
shall be available to the Agency."
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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 Ci ty 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 Counc i I of the City of
San Bernardino at a regular meeting thereof, held on the day
of , 1986, by the following vote, to wit:
AYES: Members
NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
The foregoing Ordinance is hereby approved this
day
of
, 1986.
Mayor of the City of
San Bernardino
Approved as to form:
City Attorney
/2025S
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SBE001-159/2025S/kl
11/06/86
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF SAN BERNARDINO.
CALIFORNIA. AMENDING THE REDEVELOPMENT PLAN FOR
THE CENTRAL CITY NORTH REDEVELOPMENT PROJECT
WHEREAS. by Ordinance No. 3366 adopted on August 6. 1973,
the Mayor and Common Council of the City of San Bernardino,
California, duly adopted the Redevelopment Plan for the Central City
North Redevelopment Project (the "Redevelopment Plan"); and
WHEREAS. Health and Safety Code Section 33333,4 requires
that every legislative body which adopted a final redevelopment plan
prior to October 1, 1976 that does not contain certain provisions
otherwise required by Health and Safety Code Section 33333.2 shall
adopt an ordinance on or before December 31, 1986 which contains
such provisions; and
WHEREAS. the Redevelopment Plan does not contain certain
provisions
otherwise
required
by
Health
and
Safety
Code
Sections 33333.2 and 33333.4, and it is now reasonable and
appropriate for the Mayor and Common Council to amend the
Redevelopment Plan to include such provisions.
NOW. THEREFORE. THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA. DO ORDAIN AS FOLLOWS:
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Section 1,
Paragraph "f" of Subsection 1 of Section "D"
of the Redevelopment Plan is hereby amended by adding thereto the
following:
"The Agency may acquire real and personal
property for purposes of this Plan in the manner
and to the extent permitted by the Community
Redevelopment Law of the State of California,
Health and Safety Code Section 33000, et seq,
The Agency shall not commence any proceeding to
acquire property by eminent domain pursuant to
this Plan later than twelve (12) years following
the effective date of the Ordinance pursuant to
which this provision of Paragraph "f" was adopted
as part of this Plan."
Section 2.
Section "E" of the Redevelopment Plan is
hereby amended by adding new Subsections 2 and 3 to read in their
entirety as follows:
"2. Time Limit on Establi shinq Loans, Advances
and Indebtedness
No loan, advance or indebtedness to be repaid
from allocations of taxes and established or
incurred by the Agency to finance, in whole or in
part, the Redevelopment Project shall be
established or incurred after fifteen (15) years
following the effective date of the Ordinance
pursuant to which this Subsection 2 was adopted
as part of this Plan, or of the ordinance
approving the last amendment to this Plan and
extending such date. Such loan, advance or
indebtedness may be repaid over a period of time
longer than such time limit, Such time
limi tation may be extended only by amendment of
this Plan, The principal amount of bonded
indebtedness (issued pursuant to Section 33640,
et seq., of the Health and Safety Code) to be
repaid in whole or in part from such allocations
of taxes, and which can be outstanding at one
time, as applicable to the Redevelopment Project,
shall not exceed the sum of forty million dollars
($40,000,000) without an amendment of this Plan,"
- 2 -
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3. Limitation on Number of Dollars of Taxes
Which May Be Divided and Allocated to Aqency
a.
A limitation on the number of dollars of
taxes which may be divided and allocated to
the Agency need not be specified as a dollar
value limitation so long as a limitation
does in fact exist to enable the Agency to
reasonably determine a limitation on such
amounts when certain financial variables are
known. Taxes shall not be divided and shall
not be allocated to the Agency beyond such
limitation, except by amendment of this
Plan. The dollar amount of taxes which may
be divided and allocated to the Agency ("tax
allocations") pursuant to Subsection 2 of
this Section "E" in any fiscal year shall be
a figure derived by multiplying the maximum
annual debt service (as hereinafter defined)
on those forms of indebtedness as further
provided in Paragraph "b" below and payable
from the tax increment revenues attributable
to the Redevelopment Project by a factor of
1.75 ("coverage"). As used herein, maximum
annual debt service means the largest of the
sums obtained for any fiscal year after the
computation is made by totaling the
following for each such fiscal year:
(1) the principal amount of all serial Bonds
and serial parity Bonds payable in such
fiscal year; and (2) the amount of minimum
sinking fund payments; (3) the interest
which would be due during such fiscal year
on the aggregate principal amount of Bonds
and parity Bonds which would be outstanding
in such fiscal year if the Bonds and parity
Bonds outstanding on the date of such
computation were to mature or be redeemed in
accordance with the maturity schedule or
schedules for the serial Bonds and serial
pari ty Bonds and the schedule or schedules
of minimum sinking fund payments for term
Bonds and term parity Bonds; (4) any other
optional or mandatory call and redemption of
bonds; and (5) the principal and interest
due and payable in each fiscal year of the
agency with respect to loans, notes,
contractual obligations or other forms of
indebtedness payable to third parties either
in whole or in part from the tax
allocations. At the time and for the
purpose of making such computation, the
amount of term Bonds and term parity Bonds
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already retired in advance of the
above-mentioned schedule or schedules shall
be deducted pro rata from the remaining
amounts thereon.
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b. ,The principal amount of tax allocation
bonded indebtedness applicable to the
Redevelopment Project issued pursuant to
Section 33640, et ~., of the Health and
Safety Code, exclusive of (i) sales and use
tax revenue bonds or other simi lar bonded
indebtedness or contractual obligations,
(ii) other Agency subordinated contractual
obligations payable from tax allocations
and, (iii) other forms of indebtedness and
City and/or Agency indebtedness payable from
tax allocations, which can be outstanding at
anyone time and payable in whole or in part
from tax allocations attributable to the
Redevelopment Project shall be limited to
forty million dollars ($40,000,000) if and
to the extent the same is serviceable solely
from tax allocations, applying to such tax
allocations the 1.75 coverage test as set
forth above to so determine the total amount
of tax allocations to be allocated to the
Agency for the debt service requirements on
such tax allocation bonded indebtedness
issued pursuant to said Section 33640 in
addition to that amount required for the
repayment of principal and interest on such
other Agency subordinated contractual
obligations payable from tax allocations and
other forms of indebtedness and City and/or
Agency indebtedness payable from tax
allocations; provided, however, that if
other sources of payment are lawfully
combined with tax allocations, there shall
be no limit as to the amount of bonded
indebtedness serviceable from such other
source of funds, except as to that portion
of the total tax allocation bonded
indebtedness which is attributable to being
serviced from tax allocations which shall
not at anyone time exceed such figure of
forty million dollars ($40,000,000)
principal amount outstanding as set forth
above applying the same coverage test to
determine the total amount of tax
allocations which shall be available to the
Agency, ..
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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 Conunon Council of the City of
San Bernardino at a regular meeting thereof, held on the day
of
, 1986, by the following vote, to wit:
AYES: Members
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l., NOES: Members
ABSENT: Members
ABSTAIN: Members
City Clerk
The foregoing Ordinance is hereby approved this
day
of
, 1986.
Mayor of the City of
San Bernardino
Approved as to form:
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City Attorney
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