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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO ORDINANCE NO. 2005-009 (1485/2888) AN ORDINANCE OF THE CITY OF SAN LEANDRO AMENDING CERTAIN LIMITATIONS WITH RESPECT TO THE REDEVELOPMENT PLAN FOR THE PLAZA REDEVELOPMENT PROJECT AREA «'IIEREAS, the City Council of the City of San Leandro ("City Council") adopted Ordinance N~. I295 ("Plaza I Plan Adoption Ordinance") approving and adopting a Redevelopment Plan for the Downtown Plaza Redevelopment Project Area, later renamed the Plaza I Redevelopment Project Area; and WHEREAS, the City Council of the City of San Leandro ("City Council") adopted Ordinance No. 67-62 ("Plaza II Plan Adoption Ordinance") approving and adopting a Redevelopment Plan for the Plaza II Redevelopment Project Area; and WHEREAS, the City Council adopted Ordinance No. 2000-09 merging the Plaza I and Plaza II redevelopment project areas, resulting in one redevelopment project known as the Plaza Redevelopment Project Area, with the provisions and time limits of the original Plaza I and Plaza II redevelopment plans preserved within the Plaza Redevelopment Plan ("Plan"); and WHEREAS, the San Leandro Redevelopment Agency (Agency) has been designated as the official redevelopment agency in the City of San Leandro to carry out the functions and requirements of the Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et seq.) and to implement the Plan; and WHEREAS, Section 33333.2 of the Health and Safety Code requires that all redevelopment plans which include the provisions set forth in Section 33670 contain certain limitations: 1) a time limit on the effectiveness of the redevelopment plan, which is not to exceed 40 years from the adoption of the redevelopment plan; and 2) a time limit on the receipt of property taxes, as set forth in Section 33670 of the Community Redevelopment Law ("tax increment authority"), which is not to exceed 50 years from the adoption of the redevelopment plan; and WHEREAS, effective August 5, 2004, SB 1096 added Section 33681.12 to the Health and Safety Code, pursuant to which the Agency is required to make payments during the 2004-OS and 2005-06 f scal years for deposit in the Educational Revenue Augmentation Fumd (ERAF); tend WHEREAS, SB 1096 amended Section 33333.6 of the Health and Safety Code to provide that when a redevelopment agency is required to make a payment pursuant to Section 33681.12, the legislative body may, by adoption of an ordinance, amend a redevelopment plan, with twenty years or less remaining, to extend, by one year for each year an ERAF payment is made, the time limit on the effectiveness of the plan and the receipt of tax increment funds; and