HomeMy WebLinkAboutRDA Reso 2002-1777
RESOLUTION NO. 1777
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA APPROPRIATING $66,270
FROM THE BA YFRONT REDEVELOPMENT PROJECT
FUND FOR PAYMENT TO AFFECTED TAXING AGENCIES
CONSISTENT WITH HEALTH AND SAFETY CODE
SECTION 33607.5 OF CALIFORNIA REDEVELOPMENT
LAW
WHEREAS, the Bayfront Redevelopment Plan Amendment No.5, adopted in July
1998 incorporated Added Area into the project, permitted the Agency to collect tax increment
from the Added Project Area, and extended the time frame to incur debt and collect revenue
from the Original Project Area; and
WHEREAS, Amendment NO.5 obligated the Agency to comply with statutory taxing-
agency payments for tax increment generated within Both the Original Area and the Added
Area; and
WHEREAS, pass-through payment to the taxing agencies triggered by Amendment
NO.5 are current for the Original Area as required for the period from FYOO-01 to present;
and
WHEREAS, money for the pass-through payments for the Added Area has been set-
aside pursuant to Redevelopment Law for the period between FY99-00 and FYO 1-02; and
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of
Chula Vista does hereby appropriate $66,270 obligated for the pass-through payments to the
taxing agencies for the Added Area to enable the money to be remitted in accordance with
statutory requirements.
PRESENTED BY
APPROVED AS TO FORM BY
~~~
Chris Salomone
Director of Community Development
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Resolution No. 1777
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 7th day of May, 2002 by the following vote:
AYES:
Chair/Mayor Horton, Members Davis, Padilla, Rindone, Salas
NOES:
None
ABSENT:
Member Davis
ABSTENTIONS:
None
~~/
Shirley Hort
Chairman
ATTEST:
~~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1777 and that the same has not been amended or repealed.
Dated: May 7, 2002
ŒR;~
Chris Salomone
Executive Secretary
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