09-23-2010 - Appeal HearingPlanning Directors Modification No. - Ordinance for Adoption - 06-17-08.doc
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Susan Rush
Assistant City Clerk
SUBJECT: ORDINANCE FOR ADOPTION
RECOVERY OF LOST TAX INCREMENT REVENUES BY EXTENDING REDEVELOPMENT PLAN TIME LIMITS FOR THE CENTRAL BUSINESS DISTRICT PROJECT AREAS AND THE EASTLAND PROJECT AREAS AS AUTHORIZED BY SB
1096
RECOMMENDATION:
It is recommended that the City Council adopt the following ordinance:
ORDINANCE NO. - AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, AMENDING CERTAIN TIME LIMITATIONS WITH RESPECT TO THE REDEVELOPMENT PLANS FOR THE CENTRAL
BUSINESS DISTRICT PROJECT AREA AND THE EASTLAND PROJECT AREA PURSUANT TO THE PROVISIONS OF HEALTH AND SAFETY CODE SECTION 33333.6(e)(2)(D)
DISCUSSION:
This ordinance was introduced at the City Council meeting of June 3, 2008. This ordinance will extend the Redevelopment Plan Effectiveness date, the Debt Repayment and Receipt of Tax
Increment date by two (2) years for the Central Business District and Eastland Project Areas.
The ordinance will become effective 30 days after adoption on July 17, 2008.
Prepared by Margaret Garcia Approved by Susan Rush
Deputy City Clerk Assistant City Clerk
Attachment: 1. Ordinance
2. June 3, 2008 Staff Report Item No. E-5