HomeMy WebLinkAboutResolution 1990 - 0062RESOLUTION NO.90-62-3
APPROVING AGREEMENT WITH THE CYPRESS
REDEVELOPMENT AGENCY
A RESOLUTION OF THE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.3
OF ORANGE COUNTY,CALIFORNIA,
APPROVING AGREEMENT WITH THE CYPRESS
REDEVELOPMENT AGENCY RE PAYMENT OF
PROPORTIONAL ANNUAL TAX INCREMENT TO
DISTRICT FOR SEWERAGE SERVICES
WHEREAS,the Cypress Redevelopment Agency has proposed the
Los Alamitos Race Track and Golf Course Redevelopment Project;and,
WHEREAS,pursuant to Community Redevelopment Law,California
Health and Safety Code Sections 33000 et ~the Sanitation
District’s ad valorem taxes in the redevelopment project area will
be frozen at the 1989-90 base year levy;all subsequent annual tax
increments accruing to the redevelopment agency during~its life;
and,
WHEREAS,because the Sanitation District partially relies on
ad valorem taxes to finance 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 Cypress Redevelopment Agency have agreed to pay the District
thirty-five percent (35%)of its historical 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;3 of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That the certain Agreement dated June 13,1990
by and between County Sanitation District No.3 of Orange County and
the Cypress Redevelopment Agency,providing for payment to the
District of thirty-five percent (35%)of its historical proportional
share of the annual tax increment from property in the proposed
Los Alamitos Race Track and Golf Course Redevelopment Project to pay
for escalating costs of sewerage service on the same basis as other
properties in the District,be,and is hereby,approved and
accepted;and,
Section 2 That the General Manager be,and is hereby,
authorized and directed to execute said agreement on behalf of
District No.3 in form approved by the General Counsel.
PASSED AND ADOPTED at a regular meeting held June 13,1990.
I
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE )
I,RITA J.BROWN,Secretary of the Board of Directors of County
Sanitation District No.3 of Orange County,California,do hereby certify that
the foregoing Resolution No.90-62-3.was passed and adopted at a regular
meeting of said Board on the 13th day of June,1990,by the following vote,to
wit:
AYES:Richard 1.Polis,Chairman,Edward L.Allen,Margaret M.
Arnold,Wes Bannister,A.B.“Buck”Catlin,Norman E.Culver,
Beth Graham,Don R.Griffin,Dan Griset,James Neal,Irv
Pickler,Roger R.Stanton,Charles E.Sylvia,Edna Wilson
NOES:None
ABSENT:J.R.“Bob”Siefen,Carrey J.Nelson
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.3 of Orange County,California,this
13th day of June,1990.
s~cLL~
-
Rita J.Brown,Secretary ~.
Board of Direct~or~of.County
Sanitation Disthet No.3
of Orange County,c~alifornia~