HomeMy WebLinkAboutMINUTES - 12131983 - 1.39 1,3 9
TO: BOARD OF SUPERVISORS (�,(y'�
FROM: M. G. Wingett, Contra
County Administrator Costa l.�
DATE: December 13, 1983 lJl..1ry
SUBJECT: City of Hercules Redevelopment Agreement
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) $ BACKGROUND AND JUSTIFICATION
Recommendation
APPROVE agreement between the County and the Hercules Redevelopment Agency
under the terms of .which limitations are imposed on the amount of tax
increment monies that may be allocated to the Agency and the projects for
which the monies can be used.
Background
The City Council of the City of Hercules has adopted a redevelopment plan,
known as the Dynamite Redevelopment Project, for the purpose of redeveloping,
rehabilitating and revitalizing a portion of the City through the
construction of various public improvements. County staff has met with
City representatives to review the project and the planned use of tax
increment funds and agrees that the project is in conformance with the
provisions of the Community Redevelopment Law. City and county staff have
developed an agreement under the terms of which limitations are imposed on
the amount of tax increment funds to be allocated to the Hercules
Redevelopment Agency and the specific public improvements for which such
funds may be used. These limitations may be modified only with prior
approval by the County.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
XX RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENrIl OF BOARD COMMITTEE
XX APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON veceMDer 1.3 APPROVED AS RECOMMENDED X OTHER X
AUTHORIZED a letter to City of Hercules expressing appreciation for their
work and cooperation on the development of this agreement.
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISOR*,,ON THE DATE SHOWN.
CC: County Administrator ATTESTED tWffA/t_,, /��
City of Hercules J.R. OLSSON, COUNTY CLERK
Auditor-Controller AND EX OFFICIO CLERK OF THE BOARD
Treasurer-Tax Collector 201
County Counsel
M382/7-83 ' BY �� DEPUTY