HomeMy WebLinkAboutMINUTES - 05202008 - D.2 (3) SIXTH AMENDMENT TO THE REDEVELOPMENT PLAN
FOR THE BAY POINT REDEVELOPMENT PROJECT AREA
(FORMERLY KNOWN AS THE "WEST PITTSBURG"
REDEVELOPMENT PROJECT AREA)
Adopted May 20, 2008
Ordinance No. 2008-19
I. INTRODUCTION
The Board of Supervisors of the County of Contra Costa has adopted the Bay Point
Redevelopment Plan by Ordinance No. 87-102, adopted on December 29, 1987, as amended by
Ordinance No. 94-64, adopted on December 6, 1994, as amended by Ordinance No. 99-05,
adopted on February 23, 1999, as further amended by Ordinance No. 99-54, adopted on October
19, 1999, as further amended by Ordinance No. 2006-33, adopted on July 18, 2006, as further
amended by Ordinance No.2007-25, adopted on June 5, 2007 (the "Plan"). The Plan establishes
a redevelopment project area (the "Project Area"). The Project Area is shown on the boundary
map attached hereto as Exhibit A and described in the attached Exhibit B.
The Plan contains limits on (1) the amount of bonds secured by a pledge of tax increment
from the Project Area that may be outstanding at one time; and (2) the total amount of tax
increment that the Redevelopment Agency of the County of Contra Costa (the "Agency") may
receive over the term of the Plan. This Amendment will increase the amount of bonded
indebtedness that may be outstanding at one time, and will increase the limit on the total amount
of tax increment that the Agency may receive over the term of the Plan.
II. MODIFICATIONS TO PLAN
Part VII.C, page 31, paragraphs numbered 2 and 3, of the Plan are deleted and replaced
with the following language:
"2) No more than $689 million of tax increments may be divided and
allocated to the Agency without further amendment of this Plan.
3) No more than $220 million in bonded indebtedness to be repaid in whole
or in part from tax increments may be outstanding at any one time without further amendment of
this Plan."
III. NON-SEVERABILITY
If any provision, section, subsection, subdivision, sentence, clause or phrase of this
Amendment is for any reason held to be invalid or unconstitutional, the remainder of the
provisions shall continue in full force and effect.
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IV. EFFECT OF AMENDMENT
All provisions of the Plan not specifically amended or repealed in this Amendment shall
continue in full force and effect.
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