HomeMy WebLinkAboutR07-Redevelopment Agency
,
RsMt-. OFIUIENT AGENCY-RWUEST FOR ~1SSION/COWtCIL ActION
From:
Subject:
REDEVELOPMENT PLAN ADMENDMENT - STATE
BILL 690
Glenda Saul, Executive Director
't:ept: Redevelopment Agency
Date: November 25, 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
11-17-86
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
First reading of Ordinances amending the above plans to comply with AB 690.
Recommended motion:
(MAYOR AND COMMON <XlUNCIL)
FINAL READING AND ADOPrION OF THE FOLLOWING ORDINANCES:
a) MOVE TO ADOPr 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 ADOPr ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE CENTRAL CITY PROJECT NO. 1.
c) MOVE TO ADOPr ORDINANCE OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AMENDING THE
REDEVELOPMENT PLAN FOR THE STATE <XlLLEGE REDEVELOPMENT PROJECT NO.4.
Continued on Nen Page
~#J
Signatu re
Contact person:
GIlJI;uJ.a Sau.l
Phone: 383-5081
Supporting data attached:
FUNDING REQUIREMENTS:
No adverse Impact on City:
,
'lcil Notes:
'"",,"
YES
Ward:
l..L, 3.d, 5Lh, 6LI.
M/cc, SC, CCN, COW,
CeE, eC5, 5EIl'
Amount: $
MIA
Project:
Date:
uecemDer 0, L980
,f--7
0597R/sL Agenda Item No.
11-17-Ri>
.
.;....,
Glenda Saul, Executive Director
REDEVELOPMENT PLAN AMENDMENT
STATE BILL 690
November 25, 1986
Recommended Motion:
(Continued from page 1)
(MAYOR AND COMMON 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 BERNARDIO, 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/SL
11-17-86
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CITCO'F SAN BERNARDI~ - REQUE~~ FOR COUNCIL ACT~qN
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.
The first reading of these Ordinances was heard on November 17, 1986.
PROPOSED ORDINANCES
.The ordinances attached meet the requirements of SB690. The Redevelopment Committee
has reviewed the proposed action and recommends approval.
Below is a summary of the ordinances with key data set fourth.
1
,
* MAXIMUM
OUTSTANDING
DEBT AT ANY
PROJECT AREA ANY ONE TIME
a.
Meadowbrook $25,000,000.00
Central City '25,000,000.00
State College $60,000,000.00
Central City North '40,000,000.00
b.
c.
d.
e. Central Ctiy West
$ 5,000,000.00
'25,000,000.00
$30,000,000.00
f. Central City East
g. Central City South
h. Southeast Indust. Park $60,000,000.00
TIME LIMIT
FOR
INCURRING DEBT
(15 YEARS)
TIME LIMIT
FOR EXERCISE
OF EMINENT DOMAIN
(12 YEARS)
Jan 2002
Jan 1999
Jan 2002
Jan 1999
Jan 2002
Jan 1999
Jan 2002
Jan 1999
Jan 2002
Jan 1999
Jan 2002
Jan 1999
Jan 2002
Jan 1999
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