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2008/01/22 City Council Resolution 2008-14RESOLUTION NO. 2008-14 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK, CALIFORNIA ELECTING TO RECEIVE A PORTION OF THE TAX INCREMENTS PURSUANT TO HEALTH AND SAFETY CODE SECTIONS 33607.7 AND 33607.5 WHEREAS, the City Council of the City of Rohnert Park (the "City Council ") adopted Ordinance No. 479 on July 14, 1987, Ordinance No. 646 on January 26, 1999, Ordinance No. 758 on May 9, 2006, and Ordinance No. 770 on November 28, 2006, approving, adopting and amending the Redevelopment Plan (the "Redevelopment Plan") for the Rohnert Park Redevelopment Project (the "Redevelopment Project "); and WHEREAS, the Community Development Commission of the City of Rohnert Park (the "CDC ") is vested with the responsibility to carry out the Redevelopment Plan in the City of Rohnert Park; and WHEREAS, the Section 33333.6 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) provides, in part, that on or after January 1, 2002, a redevelopment plan adopted on or before December 31, 1993, may be amended to eliminate the time limit on the establishment of loans, advances, and indebtedness that was previously required by that section prior to January 1, 2002; and WHEREAS, Section 33607.7 of the Health and Safety Code provides, in part, that if a redevelopment plan adopted prior to January 1, 1994, is amended to increase or eliminate the time limit on the establishing of loans, advances, and indebtedness established pursuant to Section 33333.6, and an agreement was not entered into by the agency and the taxing entity prior to January 1, 1994, that requires payments to the taxing entity, the agency shall pay to such affected taxing entity the amounts required pursuant to subdivisions (b), (c), (d), and (e) of Section 33607.5; and WHEREAS, Section 33607.5(b) of the Health and Safety Code provides that in any fiscal year in which a redevelopment agency receives tax increments, the community that has adopted the redevelopment project area may elect to receive, and the agency shall pay to it, an amount equal to the community's proportionate share of 25 percent of the tax increments received by the agency after the amount required to be deposited in the Low and Moderate Income Housing Fund has been deducted (the "City Election "); and WHEREAS, the City Council desires to receive the City Election for each fiscal year of the Redevelopment Project in which the Agency receives tax increments; WHEREAS, the intent of this Resolution is to clarify City Council Resolution 2007 -04, to affirm that the City Council elects to receive tax increments from the Project Area for all future years that the CDC receives tax increments from the Redevelopment Project Area. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROHNERT PARK DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Council hereby elects to receive the City Election for each fiscal year of the Redevelopment Project in which the Agency receives tax increments from the Redevelopment Project Area Section 2. The City Clerk is hereby directed and authorized to transmit a copy of this resolution to the Executive Director of the CDC and to the tax collector of Sonoma County. DULY AND REGULARLY ADOPTED this 22nd day of January, 2008. CITY OF ROHNERT PARK Mayor ATTEST: City �i - �AiiFOaNtr• BREEZE: AYE SMITH: AYE STAFFORD: AYE VIDAK- MARTINEZ: ABSENT MACKENZIE: AYE AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0) 2