Laserfiche WebLink
3.40.030 <br />077A-0745-040-01 <br />077A-0745-041-01** <br />077A-0745-043-01** <br />077A-0745-045-06 <br />077A-0745-049-01 <br />Area C <br />079A-0395-006-10*** <br />079A-0395-006-11 *** <br />* Shown as APN 077A-0647-009-45 in <br />1998-99 Base Year APN List. <br />* * Shown as APN 077A-0745-041-00, <br />077A-0745-042-00 and 077A-0745-043-00 <br />in 1998-99 Base Year APN List. <br />*** Shown as APN 079A-0395-005-01 <br />and 079A-0395-006-06 in 1998-99 Base <br />Year APN List. <br />(Ord. 2000-14 § 2, 2000; Ord. 99-025 § 402, <br />1999) <br />3.40.030 Payments to taxing entities. <br />Commencing with the first fiscal year in <br />which the agency receives tax increments <br />and continuing through the last fiscal year in <br />which the agency receives tax increments, <br />the agency shall pay to the affected taxing <br />entities, including the city if the city elects <br />to receive a payment, an amount equal to <br />twenty-five percent (25%) of the tax incre- <br />ments received by the agency after the <br />amount required to be deposited in the low - <br />and moderate -income housing fund has been <br />deducted. In any fiscal year in which the <br />agency receives tax increments, the city may <br />elect to receive the amount authorized by <br />this paragraph. <br />Commencing with the eleventh fiscal <br />year in which the agency receives tax in- <br />crements and continuing through the last <br />fiscal year in which the agency receives tax <br />(San Leandro Redevelopment Agency Supp. No. 2, 12-05) 146 <br />increments, the agency shall pay to the af- <br />fected taxing entities, other than the in addi- <br />tion to the amounts paid during the previous <br />ten (10) fiscal years and after deducting the <br />amount allocated to the low- and moderate - <br />income housing fund, an amount equal to, <br />twenty-one percent (21%) of the portion of <br />tax increments received by the agency, <br />which shall be calculated by applying the <br />tax rate against the amount of assessed value <br />by which the current year assessed value <br />exceeds the first adjusted base year assessed <br />value. The first adjusted base year assessed <br />value is the assessed value of the project <br />area in the tenth fiscal year in which the <br />agency receives tax increment revenues. <br />Commencing with the thirty-first fiscal <br />year in which the agency receives tax in- <br />crements and continuing through the last <br />fiscal year in which the agency receives tax <br />increments, the agency shall pay to the af- <br />fected taxing entities, other than the city, in <br />addition to the amounts paid during the pre- <br />ceding thirty (30) fiscal years and after de- <br />ducting the amount allocated to the low- and <br />moderate -income housing fund, an amount <br />equal to fourteen percent (14%) of the por- <br />tion of tax increments received by the agen- <br />cy, which shall be calculated by applying the <br />tax rate against the amount of assessed value <br />by which the current year assessed value <br />exceeds the second adjusted base year as- <br />sessed value. The second adjusted base year <br />assessed value is the assessed value of the <br />project area in the thirtieth fiscal year in <br />which the agency receives tax increment <br />revenues. <br />Prior to incurring any loans, bonds, or <br />other indebtedness, except loans or advances <br />from the city, the agency may subordinate to <br />the loans, bonds or other indebtedness the <br />amount required to be paid to an affected <br />