Ord 2003-019 - Laserfiche WebLink

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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN LEANDRO DOES ORDAIN AS FOLLOWS: Section 1. The time limit of the effectiveness of the Redevelopment Plan shall be extended by one (1) year. The time limit for the receipt of property taxes in each of the sub-areas pursuant to Section 33670 and repayment of debt with tax increment shall be extended by one (1) year. The Plan Amendment, constituting the Second Amendment to the merged Plaza Redevelopment Project Area, consists of the following additional and/or replacement text as follows: A) The replacement within Section 12 (E) of the Plaza I Redevelopment Plan of the sentence beginning "Except for the nondiscrimination..." with the following sentence: "Except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity and the provisions of Chapter 1.16, the provisions of this plan shall be effective and the provisions of the documents formulated pursuant to this plan shall be effective until January 1, 2010." B) The replacement within Section 10 (C) of the Plaza I Redevelopment Plan of the two sentences beginning "Receipt of tax increment to finance..." with the following sentences: "Pursuant to Section 33333.2 of the Health and Safety Code, receipt of tax increment to finance, in whole or in part, the redevelopment project will terminate as of December 28, 2006, except to the extent that debt incurred prior to January 1, 1994 requires repayment and that the Agency must fulfill certain affordable housing obligations. Repayment of debt established prior to January 1, 1994 must be repaid by December 28, 2026 pursuant to Sections 33333.6 (h) and 33670 of the State Health and Safety Code." C) The replacement within Section 14 of the Plaza II Redevelopment Plan of the sentence beginning "Except for the nondiscrimination ..." with the following sentence: "Except for the nondiscrimination and nonsegregation provisions (which shall run in perpetuity), the obligation to repay any indebtedness as provided in Section 1.36.020(F), the provisions of this plan shall be effective and the provisions of other documents formulated pursuant to this plan will remain effective through January 1, 2010 for the original project area; December 17, 2020 for Area 2; March 30, 2022 for Area 3; November 29, 2023 for Area 4; and July 5, 2029 for Area 5 (A-D)." D) The replacement within Section 11 (B) of the Plaza II Redevelopment Plan of the sentence beginning "Loans, advances, or other indebtedness..." with the following sentence: "Pursuant to Section 33333.2 of the Health and Safety Code, loans, advances, or other indebtedness, except those used for affordable housing activities, must be repaid no later than January 1, 2020 for the original project area; December 17, 2030 for Area 2; March 30, 2032 for Area 3; November 29, 2033 for Area 4; and July 5, 2039 for Area 5 (A-D)." The Plan Amendment is hereby approved and adopted. The Plan, as amended by the Plan Amendment, is incorporated in this ordinance by reference and is hereby designated as the official redevelopment plan for the Project Area. Section 2. The City Clerk is hereby directed to send a certified copy of this Ordinance to the Agency.