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1.36.010 Chapter 1.36 roll used in connection with the taxation of such property by such taxing agency, last • FINANCING equalized prior to the effective date of such ordinance, shall be allocated to and when col- . Sections: lected shall be paid to the respective taxing 1.36.010 General. agencies as taxes by or for said taxing agen- 136.020 Tax increments. cies on all other property are paid (for the 136.030 Bonds, advances and purpose of allocating taxes levied by or for indebtedness. any taxing agency or agencies which did not 1.36.040 Low- and moderate- include the territory of the project on the ef- income housing fund. fective date of such ordinance but to which such territory is annexed or otherwise in- 1.36.010 General. eluded after such effective date, the assess - The agency is authorized to finance the melt roll last equalized on the effective date project with financial assistance from the city, of said ordinance shall be used in determining state, federal government of the United States the assessed valuation of the taxable property of America, property tax increments, special in the project on said effective date) and; assessment districts, donations, interest in- 2. That portion of said levied taxes each cone, agency bonds, loans from private fi- year in excess of such amount shall be allo- nancial institutions, the lease of agency- cated to and when collected shall be paid into owned property, sale of agency -owned prop- a special fund of the agency to pay the princi- erty and /or any other available source. (Plaza pal of and interest on bonds, loans, monies 2 redev. plan § 11(A), 1 988) advanced to, or indebtedness (whether funded, refunded, assumed or otherwise) incurred by 1.36.020 Tax increments. the agency to finance or refinance, in whole or All taxes levied upon taxable property in part, this redevelopment project. Unless and within the project area each year by or for the until the total assessed value of the taxable benefit of the state. county. city, any district or property in the project exceeds the total as- other public corporation (hereinafter some- sessed value of the taxable property in the times called "taxing agencies ") after the effec- project as shown by the last equalized assess - tive date of the ordinance by which a redevel- ment roll referred to in subsection (A)(I) of opment plan was established for the areas set this section. all of the taxes levied and col- . forth in said ordinance.'and until such time as lected upon the taxable property in the project all indebtedness created pursuant to Section shall be paid to the respective taxing agencies. 1.36.030 hereof has been paid. shall be di- When such bonds. loans. advances and in- vided as follows: debtedness. if any. and interest thereon. have I. • That portion of the taxes which would been paid. all monies thereafter received from be produced by the rate upon which the tax is taxes upon the taxable property in the project levied each year by or for each of said taxing shall be paid to the respective taxing agencies agencies upon the total sum of the assessed as taxes on all other property are paid. value of the taxable property in the redevel- B. The provisions of subsections (A)(1) • opment project as shown upon the assessment and (A)(2) of this section notwithstanding, the • 45 (San Leandro Rcde.rlopmem Agency Supp. No, I, 10.04) •