1980-03 RESOLUTION NO. CRA -80-3
A RESOLUTION OF THE GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY, SAN BERNARDINO COUNTY,
CALIFORNIA, RECOMMENDING APPROVAL OF THE
FIRST AMENDMENT TO THE REDEVELOPMENT PLAN
FOR THE GRAND TERRACE REDEVELOPMENT PROJECT
AND DIRECTING TRANSMITTAL OF SAID RECOMMEN-
DATI'ON TO THE 'CITYY 'C'OUNCTL '
WHEREAS, on September 27, 1979, 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 Community Redevelopment Agency of the City
of Grand Terrace ("Agency") has undertaken consideration of
said "First Amendment to Redevelopment Plan" ; and
WHEREAS, this Agency has held a public hearing on 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 "A" .
Section 3. That this Agency does hereby find and deter-
mine as follows:
(a) That the public hearing on said . "First Amendment
to Redevelopment Plan" has been noticed, held
and conducted in the time, form and mariner
required by law.
(b) That adoption of said First Amendment to the
Redevelopment Plan is necessary in order to
minimize the financial impacts upon certain
affected taxing agencies within the Project
Area.
Section 3. That this Agency does hereby approve said
"First Amendment to Redevelopment Plan" and does hereby
recommend that the City Council approve said "First Amend-
ment to Redevelopment Plan" . .
Section 4. ..That the Executive Director of the Agency
is hereby authorized and directed to transmit a copy of this
Resolution to the City Council of the City of Grand Terrace.
Section 5. That this Resolution shall take effect
immediately upon its adoption.
ADOPTED this 6th day of March. 1980.
C ai an of the Community Redevelopment
Agency of the City of Grand Terrace
ATTEST:
SecrEHOky of the ommun ty redevelopment
Agency of the City of rand Terrace
APPROVED:=AS- T Q _F P
City Attorney
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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
Sec#tary of the :Community — ;_
Redevelopment Agency of-the
City of Grand Terrace =
(SEAL)
J �
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-80-3
of said Agency, and that the same has not been amended or repealed.
DATED: March 6, 1980
e -
Sedo?tary of the'Coftnuntty.,
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, 19,79 , 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 Finari,cing 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 l (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. 1. , 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
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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
i 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
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"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. 50 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.
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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 be 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.
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LETTER OF TRANSMITTAL
FROM: CITY OF .GRAND TERRACE DATE March 10, 1980
22795 Barton Road
Grand Terrace, CA 92324
Telephone (714) 824-7006 or 824-7226
TO: .CITY COUNCIL
CITY OF GRAND TERRACE
22795 Barton Road
Grand Terrace
ATTENTION:
WE ARE SENDING YOU ( x) Attached ( ) Under separate cover via
the following items:
�- TRANSMITTED:
No. of Copies I Title
1 I RESOLUTION NO. CRA 80-3
I
I
I .
I
REMARKS:
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By ;4&j
Executive 'Director of the City
cc: of Grand Terrace Community Re-
development Agency