HomeMy WebLinkAboutResolution 1991 - 01486HH$OVR5HVROXWLRQ1R
RESOLUTION NO. 91-148-3
ELECTING TAX INCREMENT PASS-THROUGH RE CITY OF
CYPRESS AND CYPRESS REDEVELOPMENT AGENCY'S
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 RELATIVE TO THE
LINCOLN AVENUE REDEVELOPMENT PROJECT OF THE CITY OF
CYPRESS AND CYPRESS REDEVELOPMENT AGENCY
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WHEREAS, the City of Cypress and Cypress Redevelopment Agency have prepared
a Development Plan for the Lincoln Avenue Redevelopment Project (the ''Plan"),
which provides for tax inc~ement 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 allocated to the District pursuant to 'Health and Safety Code Section
33670(b) 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
ihe 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.l(f).
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
Sect1on 33676 to implement the election set forth in this Resolution.
PASSED AND ADOPTED at a regular meeting held August 14, 1991.
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STATE OF CALIFORNIA)
) SS.
COUNTY OF ORANGE )
I, PENNY KYLE, Deputy Board Secretary.of the Board of Directors of County
Sanitation District No. 3 of Orange County, California, do hereby certify that
the foregoing Resolution No. 91-148-3 was passed and adopted at a regular
meeting of said Board on the 14th day of August, 1991, by the following vote,
to wit:
AYES: Sal A. Sapien, Chairman, Walter K. Bowman, Buck .Catlin,
John Collins, Norman E. Culver, Burnie Dunlap, James v. Evans,
Peter Green, Don R. Griffin, Frank Laszlo, William D. Mahoney,
Pat McGuigan, Irv Pickler, Roger R. Stanton, Charles E. Sylvia
NOES: None
ABSENT: Keith A. 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
14th day of August, 1991.
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