HomeMy WebLinkAboutRESOLUTIONS - 07141987 - 87-419 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
July 14 1987
Adopted this Order on by the following vote :
AYES: Supervisors Powers , Fanden , Schroder , Torlakson , McPeak.
NOES : None .
ABSENT: None .
ABSTAIN: None.
Resolution No. 87/419
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SU BJECT: Election of Tax Increment Pass-Through for County
Taxing Agencies
The Contra Costa County Board of Supervisors resolves that:
The Contra Costa County Redevelopment Agency is preparing
a redevelopment plan for the North Richmond Redevelopment
Project Area which provides for tax increment financing
pursuant to Health and Safety Code Section 33670 .
Contra Costa County, the Contra Costa County Library
District, the West County Fire District, County Service Area
M-7 , the County Flood Control District, County Flood Control
Zone 7, County Storm Drain 4 , the County Water Agency, and the
County Resource Conservation District (collectively referred
to herein as the "Taxing Agencies") are all affected taxing
agencies entitled to make the election described in Health and
Safety Code Section 33676.
The Contra Costa County Board of Supervisors, as
governing board for each of the Taxing Agencies , elects that
each of the Taxing Agencies be allocated all of the tax
revenues attributable to increases in the rate of tax imposed
for the benefit of each such agency which levy occurs after
the tax year in which the ordinance adopting the redevelopment
plan becomes effective, and elects that each of the Taxing
Agencies be allocated all of the tax revenues attributable to
increases in the assessed value of the taxable property in the
North Richmond Redevelopment Project Area, as the assessed
value is established by the assessment roll last equalized
prior to the effective date of the ordinance adopting the
North Richmond Project Area Redevelopment Plan pursuant to
Health and Safety Code Section 33670 (a) , which are or
otherwise would be, calculated annually pursuant to Revenue
and Taxation Code Section 110 . 1 (f) . -
The Clerk of the Board is authorized and directed to
transmit copies of this Resolution to the appropriate
officials and to take all other actions required by Section
33676 to implement the election set forth in this Resolution.
I hereby certify that this is a
true and correct copy of an
action taken and entered on the
Minutes of the Board of
Supervisors on the date shown.
Attested
Phil Batchelor , Clerk of
the Board of Supervisors
and County Administrator
By., ,
eputy
Resolution No . 87419.