HomeMy WebLinkAbout17602 - RESOLUTIONS - 7/19/1991 l
'} RESOLUT'ION No. 17602
CF MIE CI`FY COUNCIL OF THE CITY OF
PALM SPRINGS ELECTING TO RECEIVE
CERTAIN INCR&P.SES IN THE PROPERTY
TAX REVENUES ALLOCATED TO THE CITY
PURSUANT To HEALTH AND SAFETY CODE
SECTION 33676 (a)
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WHEREAS, the Community Redevelopment Agency of the City of
Palm Springs ("Agency") has prepared a Redevelopment Plan for the
Canyon Redevelopment Project Area (the "Redevelopment Plan") , and
WHEREAS, the Redevelopment Plan provides for tax increment
financing pursuant to Health and Safety Code Section 33670; and
WHEREAS, the City of Palm Springs ("City") is an affected
taxing entity pursuant to Health and Safety Code Section 33676
(d) ; and
WHEREAS, Health and Safety Code Section 33676 (a) provides
that the City in addition to the taxes described in Health and
Safety Code Section 33670 (a) , may elect to be allocated all or
any portion of the tax revenues allocated to the Agency pursuant
to Health and Safety Code Section 33670 (b) attributable to one
. , or more of the following;
(1) Increases in the rate of tax imposed for the benefit of
the City which levy occurs after the tax year in which
the ordinance adopting the Redevelopment Plan becomes
effective.
(2) Increases in the assessed value of the taxable property
in the 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 redevelopment plan pursuant to subdivision
_ (a) of section 33670, which are, or otherwise would be,
calculated annually by subdivision (f) of section 110.1
of the Revenue and Taxation Code.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Palm Springs as follows:
SECTION 1. The City Council of the City of Palm Springs
hereby elects to receive in addition to the
portion of taxes described in Health and
Safety Code Section 33670 (al . all or any
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portioln of the tax revenues to which it may •,
be entitled pursuant to Health and Safety
Code Section 33676 (a) and (i) and 33676 (a) '
(2) .
SECTION 2. The Citv Clerk shall certify to the adoption
of this Resolution.
SECTION 3. The City Clergy[ shall transmit this Resolution
to the Aqencv.
SECTION 4. The City clerk shall transmit this Resolution
to the Tax Collector for the County of
Riverside.
ADOPTED this 19th day of 0u1,2, ,1991.
AYES: Councilmemhers Broich, Murawski, Neel and Mayor Bono
NOES: Councilmember Hodges '
ABSENT: None
ATTEST T112 C�TXC$LII'ORNTA
By: -
City Clerk C - Mana er
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Reviewed and Approved:
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