HomeMy WebLinkAboutMINUTES - 10151991 - 1.44 1-044
J
TO: REDEVELOPMENT AGENCY ` - Contra
Costa
FROM: Phil Batchelor
County
Executive Director
DATE: October 15, 1991
SUBJECT: Statement of Indebtedness
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Accept report on Statement of Indebtedness for each unincorporated
Contra Costa County ,Redevelopment Project Area (Pleasant Hill BART,
North Richmond, West Pittsburg, Oakley and Rodeo) .
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR. RECOMMENDATIONS
On or before October 1st of each year, Redevelopment Agencies are
required to file with the County Auditor a Statement of Indebtedness.
The amount of tax increment an Agency can receive cannot exceed the
amount shown on the, Statement of Indebtedness. The Redevelopment
Agency has filed its October, 1991 statement.
The Health & Safety Code defines indebtedness to be any obligation
incurred; payment of which is to be made in whole or in part from tax
increments. Indebtedness can include bonds, loans, or contractual
obligations.
CONTINUED ON ATTACHMENT: X YES SIGNATURE: '
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMME A ION OFENCY CO TTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON October 159 1991 APPROVED AS RECOMMENDED X OTHER
,VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Community Development
SRA19/jb/indebt.bos ATTESTED October 15 , 1991
PHIL BATCHELOR,
AGENCY SECRETARY
BY , DEPUTY
The aggregate amount of debt for each Redevelopment Project Area is
shown below. The amounts are sufficient to permit the Agency to
receive the full amount of tax increments expected and budgeted.
Pleasant Hill BART $11, 176, 929
Bonds $7, 500, 000
County 3 ,276, 929*
Other 400, 000
North Richmond $ 185, 501
West Pittsburg $ 1, 592,463
Contractual Obligation $1, 500, 000
County 92,463
Oakley $ 594,804
County $ 64,804
Contractual Obligations 530, 000
Rodeo $ 555, 109
County $ 55, 109
Contractual Obligations 500, 000
*1991-92 budget includes repayment of $1 million of this
amount.