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HomeMy WebLinkAboutMINUTES - 06071994 - 1.66 Contra TO: REDEVELOPMENT AGENCY A Costa FROM: Phil Batchelor r County Executive Director r1C ", DATE : June 7, 1994 SUBJECT: SB 732 SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS ADOPT position in support of SB 732. (Bergeson) , and AUTHORIZE the Deputy Director - Redevelopment to send letters to California legislative delegation. FISCAL IMPACT None . BACKGROUND/REASONS FOR RECOMMENDATIONS In 1993 the Legislature adopted and the Governor signed AB 1290 (Isenberg) - comprehensive redevelopment reform legislation. SB 732 will resolve several ambiguities in the law, particularly as it relates to the Implementation Plan requirement. A summary of the provisions of AB 1290 is provided for your information. CONTINUED ON ATTACHMENT: YES SIGNATURE : RECOMMENDATION OF EXECUTIVE DIRECTOR RECO NDATION OF GENCY CO TEE APPROVE OTHER SIGNATURE (S) ACTION OF AGENCY ON June 7, 1994 APPROVED AS RECOMMENDED x OTHER VOTE OF COMMISSIONERS _ I HEREBY CERTIFY THAT THIS IS A x UNANIMOUS (ABSENT _1_ ) 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. Contact: Jim Kennedy 646-4076 ATTESTED June 7, 1994 cc: County Administrator PHIL BATCHELOR County Counsel AGENCY SECRETARY via Redevelopment California Redevelopment Association Legislative Delegation BY DEPUTY JK:1h sra14/sb732.bos - EXHIBIT A Summary of AB 1290 Provisions Pertinent to Contra Costa County Redevelopment Programs - Prepared by Contra Costa County Redevelopment Agency I. Time Limits 1. For Establishment of Debt'-Later of A. January 1,2004, or B. Twenty years from adoption of redevelopment plan. AB 1290 Current Limits Plan Limits PH BART 2004 2009 PH BART Amendment Area 2008 2009 North Richmond 2007 2026 Bay Point 2008 2026 Oakley 2009 2028 Rodeo 2010 2029 2. For Undertaking Plan Activities#-Later of A. January 1,2009, or B. Forty years from adoption of redevelopment plan. AB 1290 Current Limits Plan Limits PH BART 2024 2024 PH BART Amendment Area 2028 2024 North Richmond 2027 2027 Bay Point 2028 2027 Oakley 2029 2029 Rodeo 2030 2030 3. Repayment of Debt"-Later of A. January 1,2019, or S. Fifty years from adoption of the redevelopment plan. AB 1290 Current Limits Plan Limits PH BART 2034 N/A PH BART Amendment Area 2038 N/A North Richmond 2037 N/A Bay Point 2038 N/A Oakley 2039 N/A Rodeo 2040 N/A Does not apply to debt that will be paid from Low and Moderate Income Housing Fund,or to pay debt to satisfy replacement and inclusionary housing obligations. # No authority after limit except to pay previously incurred debt,or enforce covenants/contracts. No increment can be received after these dates.