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1980-02 RESOLUTION NO. CRA -80-2 A RESOLUTION OF THE GRAND TERRACE COMMUNITY REDEVELOPMENT AGENCY, SAN BERNARDINO COUNTY, CALIFORNIA, MAKING ENVIRONMENTAL EVALUATION OF THE PROPOSED FIRST AMENDMENT TO REDEVELOP- MENT PLAN FOR THE GRAND TERRACE COMMUNITY REDEVELOPMENT PROJECT; DETERMINING THAT SAID FIRST AMENDMENT DOES NOT RESULT IN A SUB- STANTIAL CHANGE IN SAID PROJECT; AND MAKING OTHER DETERMINATIONS WHEREAS, on September 27, 19.79, the City Council of the . City of Grand Terrace enacted Ordinance No. 25 adopting a redevelopment plan entitled "Redevelopment Plan for the Grand Terrace Community Redevelopment Project" ("Redevelopment Plan") ; and - WHEREAS, it appears desirable to amend said Redevelopment Plan to provide for an allocation of a portion of the tax increment to certain affected taxing agencies, said proposed amendment being entitled"First Amendment to Redevelopment Plan for the Grand Terrace Community Redevelopment Project" ("First Amendment to Redevelopment Plan") ; and WHEREAS; the Grand Terrace Community Redevelopment Agency ("Agency") has undertaken an environmental evaluation of said First Amendment to Redevelopment Plan" : NOW, THEREFORE, .the Grand Terrace Community Redevelopment Agency does hereby resolve as follows: Section 1. That the above recitals are all true and correct. Section 2 . That said "First Amendment to Redevelopment Plan" is attached hereto and made a part hereof as Exhibit r Section 3. That this Agency does hereby find and deter- mine as follows: (a) That said, "First Amendment to Redevelopment Plan" does not constitute a "substantial change" in the Redevelopment Plan for -the Grand. Terrace Community Redevelopment Project, pursuant to Section 21166 of the Public Resources Code; and (b) That said "First Amendment to Redevelopment Plan" does not require further environmental evaluation, pursuant to the provisions of the California Environmental Quality Act and State EIR Guide- lines.. Section 4. That this Agency does hereby recommend that the City Council of the City of Grand Terrace find and deter- mine that said "First Amendment to Redevelopment Plan" does not constitute a "substantial change" in the Redevelopment Plan for the Grand Terrace Community Redevelopment Project and that said "First Amendment to Redevelopment Plan" does not require further environmental evaluation. Section 5. That this Resolution shall take effect immed- iately upon its adoption. ADOPTED this 6th day of March 1980. Chair an of the Community Redevelopment' ATTEST: Agenc of the City of Grand Terrace 04 r Secret,fry of the7Cammun 'ty Re evelopment Agency of -the- City /of rand Terrace APPR ED --S 4TO .F RI1: city Attwrley -—�- STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) ss. CITY OF GRAND TERRACE ) I, MYRNA LINDAHL, Secretary of the City of Grand Terrace Community Redevelopment Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community Redevelopment Agency of said City 'at a*•regular meeting of the Community Redevelopment Agency held on the 6th day of March 19 80 , and that it was so adopted by the following vote: AYES: Agency Members Tillinghast, Erway, Grant; Chairman Petta NOES: None ABSENT: Agency Member Allen: Secret y of the_Community - Redeve opment Agency -o_f_ the` City of Grand Terrace (SEAL) ------------ STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) ss. CITY OF GRAND TERRACE ) I, MYRNA LINDAHL, Secretary of the City of Grand Terrace Community Redevelopment Agency, DO HEREBY CERTIFY that the above and foregoing is a full , true and correct copy of Resolution No. CRA-80-2 of said Agency, and that the same has not been amended or repealed. DATED: March 6, 1980 Sedr#tary of th:e-Communi=tf Redevelopment Agency, of�-the - City of Grand Terrace" (SEAL) FIRST AMENDMENT TO REDEVELOPMENT PLAN FOR THE GRAND TERRACE REDEVELOPMENT PROJECT R E C I T A L S On September 27, 1979 , the Grand Terrace Community Redevelop- ment Agency adopted Resolution No. CRA-79-13 approving the Redevelopment Plan for the Grand Terrace Redevelopment Agency and the City Council of the City of Grand Terrace adopted Ordinance No. 25 approving and adopting the Redevelopment Plan for the Grand Terrace Redevelopment Agency. . It is necessary to undertake the First Amendment of said Redevelopment Plan to provide for the allocation of portions of the tax increment generated in the Project Area to the County of San Bernardino, San Bernardino County Flood Control District, San Bernardino Valley Municipal Water District, Riverside-Corona Resource Conservation District and other affected taxing agencies. It is proposed.*that Paragraph B ("Tax Increments") of Article V ("METHODS OF FINANCING THE PROJECT") of said Redevelop- ment Plan be amended in substantially the form specified. as follows: V. METHODS OF FINANCING THE PROJECT A. General Description of the Proposed Finah'c ng Methods B. Tax Increments All taxes levied upon taxable property within the project area each year by or for the benefit of the State of California, County of San Bernardino, City of Grand Terrace, any district, or public corporation, or other local agency (hereinafter sometimes called "taxing agency") , after the effective date of Ordinance 25 approving the redevelopment plan shall be divided as follows: EXHIBIT "A" 1. Tax proceeds collected against the entire assessed valuation of property within a project area as a result of a tax levy by or for any such taxing agency for the pur- pose of raising funds to pay the interest and redemption charges on any indebtedness approved by the voters within the meaning of Article XIIIA, Section 1 (b) of the California Constitution, or otherwise authorized or required by law, or any similar tax which may hereafter be autho- rized by law to be levied on property on the basis of assessed valuation, shall be paid over when collected to the taxing agency by which or for which the tax was levied. 2 . That portion of the. general tax levy ,autho rized pursuant to Article XIIIA, Section 1 (a) of the California Constitution and Revenue and Taxation Code Section 2237 , subsection (b) levied each year by or for or allocated to said taxing agencies upon the total sum of assessed value of taxable property in the Redevelopment Project as shown upon the assessors roll used in connection with the taxation of such property by such taxing agency, last equalized prior to the effec- tive date of Ordinance No. 25, shall be allocated to and when collected shall be paid into the funds of the respective tax- ing agencies as taxes by or for said taxing' agencies on all other property are paid. (For the purpose of allocating taxes levied by or for any. taxing agency or- agencies which does not include the territory of the project on the effective date of such ordi- nance, but to which such territory is annexed or otherwise included 'after such effective date, the assessment roll last equalized on the effective date of said Ordinance No. 25 shall be used in deter- mining the assessed valuation of the tax- able property in the Project Area on the said effective date) ; and 3. That portion of said levied taxes each year in excess of the amount allocated to other taxing agencies pursuant to- Subparagraphs B. I. , B. 2 . , and B. 4. , plus that amount allocated to the Agency pursuant to Sub- 'paragraph B. 5. shall be allocated to and when collected shall be paid into a special fund of the Agency to pay the principal of and interest on bonds, loans, moneys -2- advanced to, or indebtedness (whether funded, refunded, assumed or otherwise) incurred by the Agency to finance or refinance in whole or in part, this- Redevelopment Project. Unless and until the total assessed value of the taxable property -in the Project exceeds the total assessed value of the taxable property in the Project as shown by the last equalized assessment roll referred to in paragraph (2) hereof, all of the taxes levied and collected upon the tax- able property in the Project shall be paid into the funds of the respective taxing agencies. When said bonds, loans, advances and indebtedness, if any, and interest thereon, ' have been paid, _all moneys. thereafter received from taxes upon the taxable property in the Project Area shall be paid into the funds of the respective taxing agencies _as taxes on all other property are paid; and 4. That portion of all taxes, excepting there- from those taxes specified in Subparagraph B. 1. , levied and collected by or for or allocated to the following named taxing agencies in excess of the amounts specified in Subparagraph B.2. and attributable to increases in assessed values within the Project Area shall be called "tax increment" . and shall, when collected, be paid into the funds of those named affected taxing agencies: San Bernardino Valley Municipal Water District Riverside-Corona Resource Conservation District San Bernardino County Flood Control District County of San Bernardino County of San Bernardino, on behalf of the County Library County of San Bernardino, on behalf of County Service Area No. 38 County of San ' Bernardino, on behalf of the County Superintendent of Schools City of Grand Terrace 5. That portion of all taxes, excepting therefrom those taxes specified in Subparagraph B.1. , levied and collected by or for or allocated to the Colton Joint Unified School District in excess of the amounts specified in Subparagraph B.2 . and attributable to increases in assessed values within the Project Area shall be called -3- r "tax increment" and shall, when collected, be distributed to the Agency and Colton Joint Unified School District in the following manner: a. Agency shall receive that portion of the tax increment which is required- to pay principal of and interest on indebtedness. incurred by Agency, as specified in Subparagraph B. 3. ; pro- vided that said portion shall not exceed 42 . 5% of the tax increment. b. Colton Joint Unified School District shall receive the balance of such tax increment. 6. The Agency shall make in-lieu payment to any affected taxing agency equal to any loss of ad valorem tax revenues resulting from property within the Project Area being removed from -the tax rolls for at least eighteen (18) months ' by virtue of ownership by Agency. 7. - Notwithstanding the provisions- of Subparagraph 3 of this Paragraph B, the Auditor-Controller for the County of San Bernardino shall allo- cate and when collected shall pay directly to the affected taxing agencies and to the Agency said portions of the tax increment as speci- fied in Subparagraph 4 and 5 of this Para- graph B. Such allocation and payment shall be deemed to be an allocation and payment by Agency, pursuant to Section 33401 of the Health and Safety Code. Tax proceeds received by the Agency. pursuant to- Subparagraph 3 and Subparagraph 5.a. of this Paragraph B are hereby irre- vocably pledged for the payment of the -principal of and interest on the advance of moneys, or making of loans, or the incurring of any indebtedness (whether funded, refunded, or otherwise) by the Agency to finance or refinance the Project in whole or in part. The Agency is authorized to make such pledges as to specific advances, .loans and indebtedness as appropriate in carrying out the Project. Taxes shall . be allocated and paid to the Agency consistent with the provisions of this Plan only to pay the principal of and interest on loans, moneys advanced to, or indebted- ness (whether funded., refunded, assumed, or otherwise) incurred by the Agency to finance or refinance in whole or in part, the' Redevelopment Project. -4- r t The number of dollars of taxes which may be divided and allo- cated to the Agency pursuant to Section 33670 of the Health and Safety Code shall not exceed 16. 0 Million Dollars ($16,000,000 . 00) except by amendment of this Redevelopment Plan. No loan, advance or indebtedness to be repaid from such allocations of taxes established or incurred by the Agency to finance in whole or in part the Redevelopment Project shall be established or incurred after twelve (12) years following the date of adoption of Ordinance No. 25 approving and adopting this Redevelopment Plan. Such loan, advance or indebtedness may repaid over a period of time longer than such time limit. Such time limitation may be extended only by amendment of this Redevelopment Plan. The amount of bonded indebtedness to be repaid, in whole or in part, from such allocation of taxes which can be out- standing at one time shall not exceed 8 . 0 Million Dollars ($8, 000 ,000 . 00) , without an amendment of this Redevelopment Plan. -5-