HomeMy WebLinkAboutAgenda Statement 1987/05/19 Item 11 COUNCIL AGENDA STATEMENT
Item
Meeting Date 55/1>>
g,�o
ITEM TITLE: Ordinance of the City of Chula Vista app roving and adopting
the amended Town meProject II Redevelopment Plan for the Town
Centre II Redevelopment
SWUM) READING AND ADOPTION
SUBMITTED BY: Communi ty Devel opment Di recto rector(":""
REVIEWED BY:
City Manager (4/5ths Vote: Yes No X )
At the joint meeting of the City Council/Redevelopment Agency on May 7, 1987,
approved resolutions necessary for approval of the amendment to the
each body app to collect tax
Town Centre II Redevelopment Plan Council had a first Agency of an ordinance
increments. In addition, the City
lan as
a proving and adopting the amended Town Ce
requested ItoRhavee ao second Dreading
required by now re
p State Law. The Council is q
and approve the ordinance. ading and adopt the
RECOMMENDATION: That the Council hold scond
and re
adopting the amended
Ordinance of the City of Chula Vista app ros
Redevelopment Plan for the Town Centre II Redevelopment Project Area.
,OARDS/COMMISSIONS RECOMMENDATION: The City Council , at the joint meeting
with the Redevelopment Agency on May 7, 1987, had a first reading of the
subject ordinance.
DISCUSSION:
This is the final step in the approval of the amendment to the Town Centre II
Redevelopment Plan. The amended Pl n will become Any cti verendumaystoafter
adoption of the ordinance by th e City
ordinance must be filed within the 30 day p eriod.
ed
Validity of the Redevelopment Plan, procedure s with don 6findings from rom trel attd
documents may be challenged through legal a
of adoption of the ordinance. If the Ordinance is adopted this evening, the
challenge period will expire on Tuesday,
July 18, 1987.
FISCAL IMPACT: With the second reading and adoption of the ordinance to
the Redevelopment
ed Tow
will have the authority
share The the of tax
he increments
expansion is
and essential
renovation of financing the Chula Vista
share of the costs for
Shopping Center as proposed by the Homart Development Company.
WPC 2924H /5-71- ,W,/,'Id ,X
by the City Council of ' Li! of
Chula Vista, C lifornia Chula Vista, California
Dated . 7 Dated __ _7