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ORDINANCE NO. 2184
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF ARCADIA, CALIFORNIA, EXTENDING FOR ONE
YEAR THE TIME LIMIT ON THE EFFECTIVENESS OF
THE CENTRAL REDEVELOPMENT PLAN AND THE TIME
LIMIT ON THE AGENCY'S RECEIPT OF TAX INCREMENT
WHEREAS, the State of California Legislature has passed and the Governor
has signed SB 1045; and
WHEREAS, SB ] 045 requires the Arcadia Redevelopment Agency to pay a
percentage of its FY 2003-4 tax increment revenue to the Los Angeles County
Auditor Education Revenue Augmentation Fund (ERAF) by May 10,2004, and the
Agency has been advised by the State Department of Finance that this amount is
$155,085; and
WHEREAS, SB ] 045 pennits the legislative body of the City to extend for
one year the time limit on the effectiveness of the Central Redevelopment Plan and
the time limit on the Agency's receipt of tax increment, and such can be done by
the adoption of an ordinance without the procedural requirernents otherwise
applicable to the adoption of a redevelopment plan amendment, as set forth in the
California Health & Safety Code Section 33000 et seq.; and
WHEREAS, the City Attorney has prepared this Ordinance in compliance
with the provisions of SB 1045 (Chapter 260, Statutes of 2003).
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA DOES ORDAIN AS FOLLOWS:
SECTION I. The recitals above are true and correct.
SECTION 2. In Part I, B (Section 102) of the Central Redevelopment
Plan entitled "Term of Redevelopment Plan", the date "January 25, 20] 4" shall be
amended to read "January 25, 20]5".
SECTION 3. In Part V, A (Section 501) of the Central Redevelopment
Plan entitled "General Description of the Proposed Financial Methods", in the
seventh paragraph thereof, the date "January 25, 2024" shall be amended to read
"January 25, 2025".
SECTION 4.
This Ordinance shall be called "Arnendrnent Number 7 to
the Central Redevelopment P]an."
SECTION 5. The City Clerk shall certify to the adoption of this
Ordinance and shall cause a copy of same to be published in the official newspaper
of said City within fifteen (15) days after its adoption. This Ordinance shall take
effect on the thirty-first (3151) day after its adoption.
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Passed, approved and adopted this 18th day of November
ATTEST:
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c ify Clerk
APPROVED AS TO FORM:
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City Attorney
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,2003.
M yor of the City of Arcadia
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Ordinance No. 2184 was passed and adopted by the City Council of the City
of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting
of said Council held on the 18th day of Novernber, 2003 and that said Ordinance was
adopted by the following vote, to wit:
A YES: Councilmembers Chang, Kovacic, Marshall, Segal and Wuo
NOES: None
ABSENT: None
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"v.~
iry"Clerk of the
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Ity of Arcadia
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2184