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M
To BOARD OF SUPERVISORS
FROM: Phil Batchelor, Contra
County Administrator
DATE: March 20, 1987 Costa
Count)/
SUBJECT: FISCAL REVIEW COMMITTEE FOR PROPOSED
NORTH RICHMOND REDEVELOPMENT PROJECT
SPECIFIC REQUEST(S) OR RECOMMENDATION(_S) & BACMROUND AND JUSTIFICATION
RECOMMENDATION:
Authorize the County Administrator to call for the creation of a Fiscal
Review Committee pursuant to California Community Redevelopment Law in
connection with the proposed North Richmond Redevelopment Project for the
County of Contra Costa.
FINANCIAL IMPACT:
The purpose of the Fiscal Review Committee is to determine the financial
burden and detriment upon the County and other taxing agencies; therefore,
the financial impact of the project has not been determined. There will be
incidental staff costs in the creation of the Committee and analysis of the
project.
REASONS FOR RECOMMENDATION/BACKGROUND:
California Community Redevelopment Law (Health & Safety Code Section 33353 )
provides that in connection with the preparation of a redevelopment plan
which proposes to use tax increment financing, the County or any affected
taxing entity may call for the formation of a Fiscal Review Committee
within 15 days after receipt of the preliminary report on the proposed
project.
The Contra Costa County Redevelopment Agency is in the process of preparing
a Redevelopment Plan for a proposed North Richmond Redevelopment Project.
A copy of the Preliminary Report is expected shortly. This Board action
will authorize staff to call for the Fiscal Review Committee, if necessary.
If called, the Committee will analyze the financial burden and detriment
which may be created by the project and recommend measures to alleviate or
eliminate those burdens. Such measures could include modification of the
project and/or a sharing of tax increment.
CONTINUED ON ATTACHMENT: ` YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OW BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON MAR 3 1981 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 THEDATE SHOWN.cc: County Administrator ATTESTED MAR 31 )987
Redevelopment PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-8 BY ,DEPUTY
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