HomeMy WebLinkAboutMINUTES - 08081989 - 1.61 TO: BOARD OF SUPERVISORS s Contra
FROM:
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Phil Batchelor, County Administrator of fs
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DATE: County
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August 8, 1989 4 �
SUBJECT:
AGREEMENTS WITH ANTIOCH DEVELOPMENT AGENCY
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)8 BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS:
Authorize the Chair of the Board to sign the agreements between the
Antioch Development Agency and the County, County Library, Flood
Control and Riverview Fire Districts, which provide for 100% pass
through of property tax increment revenue generated within the City' s
expanded redevelopment agency.
FINANCIAL IMPACT:
The redevelopment project should accelerate the increase of property
tax revenue to the County to the extent of $180,000 within three
years. The agreements provide for full reimbursement of the Auditor' s
time in providing information to the Development Agency.
BACKGROUND:
On July . 18 , 1989 , the Board approved an ordinance authorizing the
Antioch Development Agency to redevelop an area located within the
city and within the County which is contiguous to the City of Antioch.
The ordinance provided for 100% pass through of property tax increment
revenues and required an agreement to be signed. The City of Antioch
approved the agreement on July 25, and this Board Order would allow
the Chair to approve the agreement for the County.
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CONTINUED ON ATTACHMENT: —YES SIGNATURE: /
0
RECOMMENDATION OF COUNTY ADMINISTRATOR —RECOMMENDATION OF BOARD COMMITTEE
—APPROVE _OTHER
SIGNATURE(S): V
ACTION OF BOARD ON APPROVED AS RECOMMENDED ^ OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. y
cc: Community Development ATTESTED ^%Z� a , �9 p q
Auditor-Controller PHIL BATCHELO ,CLERK OF THE BOARD OF
/Sn/UPERVISORS AND COUNTY ADMINISTRATOR
M382BY ✓ ' DEPUTY
(10/88)