HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-392 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on June 17, 2003, by the following vote:
AYES: SCJF'm`VIsm GIo7A, UIIKm, GUNM &A DeSATJF M
NOES: N=
ABSENT: N=
ABSTAIN: N=
**District III Seat VACANT**
Resolution No.: W/392
SUBJECT: Resolution electing statutory pass-through pursuant to Health and Safety
Code Section 33607.5(b) for the Montalvin Manor Redevelopment Project
The Contra Costa County Board of Supervisors RESOLVES THAT:
The Redevelopment Agency of the County of Contra Costa(the "Agency") is preparing
Redevelopment Plan for the Montalvin Manor Redevelopment Project(the "Plan"), which
provides for tax increment financing pursuant to Health and Safety Code Section 33670 ("Tax
Increment"); and
The County of Contra Costa is the community adopting the Plan and is authorized to
make the election described in Health and Safety Code Sections 33607.5(b); and
The Contra Costa County Board of Supervisors hereby elects to be paid the amounts set
forth in Sections 33607.5(b) as a statutory pass-through payment from the Agency for each fiscal
year the Agency collects Tax Increment pursuant to the Plan; and
It is the policy intent of the Board of Supervisors that the amount received as a statutory
pass-through payment each fiscal year by the County will be appropriated for programs and
activities that benefit the Montalvin Manor community and support the redevelopment program,
as determined in the annual County budgeting process; and
The County Administrator is hereby authorized and directed to transmit copies of this
Resolution to the Agency and to take all other actions required pursuant to Health and Safety
Code Sections 33607.5(b) to implement the election set forth in this Resolution.
6 hereby certify that this is a true and correct
copy of an action taken and entered on the
minutes of the oard of Supervisors on the
date shown.
ATTSSTSD., '
JOHN S1N'i STIN,Clerk of the Board
o duperyloore and County Adminletrator
19y �i,t:LL4 iDeputy
TO, BOARD OF SUPERVISORS Contra
FROM: DENNIS M. BARRY, AICP Costa
COMMUNITY DEVELOPMENT DIRECTOR
DATE: June 17 2003 County
SUBJECT: Montalvin Manor Redevelopment-Election of Statutory Pass-Through
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT Resolution electing statutory pass-through pursuant to Health and Safety Code
Section 33607.5(b) for the Montalvin Manor Redevelopment Project.
FISCAL IMPACT
The Redevelopment Plan Adoption process has identified the potential effects of revenue
diversion of potential tax increment revenue expected to be generated by the Montalvin Manor
Redevelopment Project Area on the County General fund and County Controlled funds.
Pursuant to the Redevelopment Reform Act of 1994, all Project Area taxing entities including
the County and County Controlled Agency will be eligible for required statutory pass through
payments of tax increment revenue should the Redevelopment Plan be adopted.
CONTINUED ON ATTACHMENT: ❑ YES SIGNATURE:
[� RECOMMENDATION OF COUNTY ADMINISTRATOR ❑ RECOM N TION OF D COMMITTEE
❑ APPROVE ❑ OTHER
SIGNATURE(S):
ACTION OF BOARD ON Jum 17, 2003
APPROVED AS RECOMMENDED ® OTHER ❑
VOTE OF SUPERVISORS: i HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
X UNANIMOUS(ABSENT NOne ) ENTERED ON THE MINUTES OF THE BOARD OF
AYES: NOES: SUPERVISORS ON THE DATE SHOWN.
ABSENT: ABSTAIN: ATTESTED
**District III Seat VACANT** __ ,Arw_ 17. 2003
Contact: JOHN SWEETEN,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
cc: CAO
County Counsel
Community Development
By: eputy
Personal\boardorders\soard.mm.election.6.17.03
BACKGROUND:
The proposed Montalvin Manor Redevelopment Project Area ("Project Area") is located in the
unincorporated area of Contra Costa County, State of California. Neighboring cities include
Richmond and Pinole. The proposed Montalvin Manor Redevelopment Project Area is
predominantly residential with limited revenue generating commercial uses.
The proposed Project Area has experienced physical and economic decline. Without local
assistance through the tools of redevelopment, these properties will continue to decline,
increasing the existing physical burden on the community and further diminishing the economic
viability of the area.
The Redevelopment Plan permits the Redevelopment Agency to collect tax increment
revenues from the Project Area for a term of 45 years. The California Community
Redevelopment Law ("CRL") requires that a portion of the Agency's tax increment revenues be
shared with affected taxing agencies (including the Contra Costa County, school districts, and
special districts) pursuant to Sections 33670 and 33507.5.
As an affected taxing agency, Contra Costa County (the "County") may elect to receive its
share of the statutory pass through payments. Pursuant to the CRL, the County will be entitled
to receive it's share of 25% of 80% (Non-housing tax increment revenue) of all tax increment
revenue generated by the Project Area over the next 45 years, the period the Redevelopment
Plan authorizes the Project to receive tax increment revenue
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