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87-301RESOLUTION NO. 87R-301 A RESOLUTION OF THE CITY OF ANAHEIM ELECTING TO RECEIVE ALLOCATION OF TAXES PURSUANT TO THE CALIFORNIA COMMUNITY REDEVELOPMENT LAW WHEREAS, the Community Redevelopment Law (Sections 33000 et seq., of the California Health and Safety Code)(the "Law") provides that any affected taxing agency, such as the CITY OF ANAHEIM ("the City"), may elect to be allocated, in addition to that portion of taxes allocated to the City pursuant to subdivision (a) of Section 33670 of the Law, all or any portion of the tax revenues allocated to a Redevelopment Agency pursuant to subdivision (b) of said Section 33670 attributable to the following: (1) increases in the rate of tax imposed for the benefit of the City which occur after the tax year in which a redevelopment plan becomes effective; and (2) increases in the assessed value of the taxable property in the redevelopment project area, as the assessed value is established by the assessment roll last equalized prior to the date of the ordinance adopting the Redevelopment Plan, which are calculated pursuant to Subdivision (f) of Section 110.1 of the Revenue and Taxation Code. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the City of Anaheim hereby elects to be allocated, in addition to the portion of taxes allocated to the City pursuant to subdivision (a) of Section 33670 of the California Health and Safety Code, all of the tax revenues allocated to the Katella Redevelopment Project, pursuant to subdivision (b) of said Section 33670 attributable to the following increases in the rate of tax imposed for benefit of the City which levy occurs after the tax year in which the ordinance adopting the redevelopment plan for the Katella Redevelopment Project becomes effective: (1) Increases in the rate of tax imposed for he benefit of the City which occur after the tax year in which a redevelopment plan becomes effective; and (2) Increases in the assessed value of the taxable property in the redevelopment project area, as the assessed value ts established by the assessment roll last equalized prior to the date of the ordinance adopting the redevelopment plan, which are calculated pursuant to Subdivision (f) of Section 110.1 of the Revenue and Taxation Code. BE IT FURTHER RESOLVED that the City Clerk is hereby directed to file forthwith certified copies of this Resolution with the governing body of the Anaheim Redevelopment Agency, the City Clerk of the City of Anaheim, and the Office of the Auditor- Controller and the Tax Collector for the County of Orange. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 7th day of July, 1987. OF THE CITY OF ANAHEIM MAYOR CITY CLERK OF THE CITY OF ANAHEIM MES:kh 1902L 072687 -2- CLF~ STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANA_HEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 87R-30i was introduced and adopted at a regular meeting provided by law, of the City Council of the City of Anaheim held on the 7th day of July, 1987, 'by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Ehrle, Hunter, Kaywood and Bay NOES: COUNCIL biEMBERS: None ABSENT: COUNCIL MEMBERS: Pickler ANO I FURTHER certify that the Mayor of the City of Anaheim signed said Resolution No. 87R-301 on the 7th day of July, 1987. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Anaheim this 7th day of July, 1987. I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 87R-301 duly passed and adopted by the Anaheim City Council on July 7, 1987. CITY CLERK OF THE CITY OF ANAHEIM