HomeMy WebLinkAboutResolution 1990 - 0063RESOLUTION NO.90-63-3
ELECTING TAX INCREMENT PASS-THROUGH RE
LINCOLN AVENUE REDEVELOPMENT PROJECT
A RESOLUTION OF THE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.3 OF
ORANGE COUNTY,CALIFORNIA,ELECTING TAX
INCREMENT PASS-THROUGH RE LINCOLN
AVENUE REDEVELOPMENT PROJECT
WHEREAS,the Cypress Redevelopment Agency is preparing a
Development Plan for the Lincoln Avenue Redevelopment Project
(the “Plan”),which provides for tax increment financing pursuant
to Health and Safety Code Section 33670;and,
WHEREAS,County Sanitation District No.3 (the “District”)is an
affected taxing agency authorized to make the election described in
Health and Safety Code Section 33676.
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 District elects to be allocated all of the
tax revenues attributable to increases in the rate of tax imposed
for the benefit of the District,which levy occurs after the tax
year in which the ordinance adopting the Plan becomes effective,and
elects to be allocated all of the tax revenues attributable to
increases in the assessed value of the taxable property in the
Lincoln Avenue 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 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).
See Also - Resolution No.
91-148-3
Section 2 That the Board Secretary of the District is hereby
authorized and directed to transmit copies of this Resolution to the
appropriate officials and to take all other actions required
pursuant to Health and Safety Code Section 33676 to implement the
election set forth in this Resolution.
PASSED AND ADOPTED at a regular meeting held June 13,1990.
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.90-63—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.“Buck1’Catlin,Norman E.Culver,
Beth Graham,Don R.Griffin,Dan Griset,James Neal,Irv
Pickier,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.
c;~c:~)
Rita J.Brow
,Secretar?y
Board of Directors of .cpunty
Sanitation District No.’~.3
of Orange County,California