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HomeMy WebLinkAboutResolution 1988 - 0130RESOLUTION NO.88-130-2 APPROVING AGREEMENT WITH ORANGE REDEVELOPMENT AGENCY A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO.2 OF ORANGE COUNTY, CALIFORNIA,APPROVING AGREEMENTS WITH ORANGE REDEVELOPMENT AGENCY RE PAYMENT OF PROPORTIONAL ANNUAL TAX INCREMENT TO DISTRICT FOR SERVICES WHEREAS,the Orange Redevelopment Agency has proposed Amendment No.1 to the Tustin Street Redevelopment Plant,Amendment No.2 to the Southwest Redevelopment Plan and the Northwest Redevelopment Plan;and, WHEREAS,pursuant to Comunity Redevelopment Law,California Health and Safety Code Sections 33000 et ~the Sanitation Districts’ad valorem taxes in the redevelopment project areas will be frozen at the 1988—89 base year levy; all subsequent annual tax increments accruing to the redevelopment agency during its life;and, WHEREAS,because the Sanitation Districts rely on ad valorem taxes to fina~ce the cost of sewerage services which are escalating due to federally mandated requirements,energy impacts and inflationary trends;and, WHEREAS,recognizing that the freezing of taxes may result in inadequate ad valorem tax revenues to cover the cost of providing sewerage service to the redevelopment project areas,representatives of the Orange Redevelopment Agency have agreed to pay the District one—third of its proportional share of the annual tax increment accruing to the agency to defray the cost of said service, on the same basis as other properties in the District. NOW,THEREFORE,the Board of Directors of County Sanitation District No.2 of Orange County,California,. DOES HEREBY RESOLVE,DETERMINE AND ORDER: Section 1 That the certain agreements,dated September 14,1988,by and between County Sanitation District No.2 of Orange County and the Orange Redevelopment Agency,providing for payment to the District of one—third of its proportional share of the annual tax increment from property in proposed Amendment No.1 to the Tustin Street Redevelopment Plan,Amendment No.2 to the Southwest Redevelopment Plan and the Northwest Redevelopment Plan,to pay for escalating costs of sewerage service on the same basis as other properties in the District,be,and are hereby,approved and accepted;and, Section 2 That the General Manager be,and is hereby,authorized and directed to execute said agreements on behalf of District No.2 in form approved by the General Counsel. PASSED AND ADOPTED at a regular meeting held September 14,1988. STATE OF CALIFORNIA) )SS. COUNTY OF ORANGE ) I,RITA J.BROWN,Secretary of the Board of Directors of County Sanitation District No.2 of Orange County,California,do hereby certify that the foregoing Resolution No.88—130—2 was passed and adopted at a regular meeting.of said Board on the 14th day of September,1988,by the following vote,to wit: AYES:William 0.Mahoney,Chairman pro tern,Ben Bay,Dan Griset, Todd Murphy,James Neal,Carrey J.Nelson,Bob Perry,Wayne Silzel,Don E.Smith,Roger R.Stanton NOES:None ABSENT:A.B.“Buck”Catlin,Arthur G.Newton IN WITNESS WHEREOF,I have hereunto.set my hand and affixed the official seal of County Sanitation District No.2 of Orange County,California,this 14th day of September,1988. Rita J.Brown,Secretary Board of Directors of County Sanitation District No.2 of Orange County,California