Loading...
HomeMy WebLinkAboutMINUTES - 05071985 - 1.52 r 1--C►;�2 TO: _ REDEVELOPMENT,-AGENCY ��y�tt t.JlJl i l ra FROM: Phil Batch.elor, �S}a Executive Director la DATE: April 24 , 1985 " "1 SUBJECT: Legislation : Senate Bill 1039 SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATION Adopt a position of: support,. if- amended,..of SB 1039 by Senator_._. Montoya enacting restrictions on new redevelopment projects. The recommendation is qualified by the request to amend the bill by: 1. Deleting provisions requiring redevelopment project areas to qualify as a distressed community or "pocket of poverty" under federal UDAG criteria; and 2. Lengthening the permissible term of redevelopment plans to 35 years. FINANCIAL IMPACT Potentially very positive. This bill will presumably reduce the abuse of redevelopment and the excessive diversion of property taxes from local taxing agencies to redevelopment. REASONS FOR RECOMMENDATION/BACKGROUND SB 1039 has several major provisions: 1. Existing law defines a blighted area as an area that is characterized by one or more of several specified conditions which cause a reduction or lack of proper utilization of the area to the extent that the area constitutes a serious physical, social, or economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone. This bill would, in addition, require that the area be located within a city or county that qualifies as a distressed community or a "pocket of poverty" within the meaning of federal regulations establishing criteria for urban development action grants. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF AGENCY COMM TEE X APPROVE OTHER SIGNATURES) ACTION OF AGENCY ON APPROVED AS RECOMMENDED OTHER VOTE OF COMMISSIONERS LL UNANIMOUS (ABSENT ) 1 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 REDEVELOP- MENT AGENCY ON THE DATE SHOWN. CC: Redevelopement Agency ATTESTED P l a n n i n g PHIL BAT HELOR, AGENCY SECRETARY Public Works C S A C7�I�rt. Auditor (0- M382/7-83 BY DEPUTY 1 To: Redevelopment Agency From: Executive Director Subject: SB 1039 April 24 , 1985 This bill would provide that the total area included within the project areas in a city shall not exceed 25% of the entire area of the city, unless approved by the Board of Supervisors. The bill would also prohibit the County Auditor, unless directed by the Board of Supervisors, from allocating or paying any portion of any additional tax increment revenues which would otherwise be required to be allocated when the total assessed valuation of the taxable property in all of the project areas in all of the cities in the county and the agency in the county exceed, in the aggregate, 7% of the total assessed valuation of all of the taxable property in the county, subject to any indebtedness incurred prior to January 1, 1986. 2. Existing law does not limit the term of existence of a redevelopment plan. This bill would provide that the term of existence of a redevelopment plan shall not exceed 25 years, unless that limitation would impair the rights of holders of bonds. 3. This bill also imposes certain auditing and reporting requirements, limits on administrative expenses, and it requires city' s to consider benefit assessment districts in the formation of projects. This bill puts some very strongbut reasonable limits on redevelopment, where the system has been abused in the past and some agencies have gone unchecked. However, some provisions of the bill are excessive. The bill should be amended to delete requirements . that project areas meet Federal Urban Development Action Grant (UDAG) criteria as a distressed community or "pocket of poverty. " Many legitimate projects, including the Pleasant Hill BART Redevelopment Project, would not have qualified under this criteria. Moreover, it may eliminate consideration of a number of other projects, effectively halting the County' s own redevelopment program. Additionally, the limitation on the term of redevelopment plans at. 25 years is arbitrarily short and should be extended up to 35 years. TAP:krc