HomeMy WebLinkAboutResolution 1991 - 0087RESOLUTION NO.91-87-3
APPROVING AGREEMENT WITH THE WESTMINSTER
REDEVELOPMENT AGENCY
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.3 OF ORANGE COUNTY,
CALIFORNIA,APPROVING AGREEMENT WITH THE WESTMINSTER
REDEVELOPMENT AGENCY RE PAYMENT OF PROPORTIONAL
ANNUAL TAX INCREMENT TO DISTRICT FOR SEWERAGE SERVICES
WHEREAS,the Westminster Redevelopment Agency has proposed Amendment No.4
to the Westminster Comerical Redevelopment Project No.1;and,
WHEREAS,pursuant to Comunity Redevelopment Law,California Health and
Safety Code Sections 33000 ~the Sanitation District’s ad valorem taxes
in the redevelopment project area will be frozen at the 1990—91 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 Westminster Redevelopment
Agency have agreed to pay the District eighty percent (80%)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 12,1991,by and between
County Sanitation District No.3 of Orange County and the Westminster
Redevelopment Agency,providing for payment to the District of eighty percent
(80%)of its historical proportional share of the annual tax increment from
property in the Amendment No.4 to Westminster Comercial Redevelopment Project
No.1 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 fom approved
by the General Counsel.
PASSED AND ADOPTED at a regular meeting held June 12,1991.