ARA1984-030RESOLUTION NO. ARA84 -30
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING A CERTAIN AGREEMENT FOR
THE PAYMENT OF FINANCIAL BURDEN OR DETRIMENT
TO THE COUNTY OF ORANGE FROM THE TAX INCREMENT
FROM THE RIVER VALLEY REDEVELOPMENT PROJECT;
AND MAKING CERTAIN FINDING WITH RESPECT THERETO.
WHEREAS, the Anaheim Redevelopment Agency ( "Agency "),
pursuant to the provisions of the Community Redevelopment Law
(California Health and Safety Code Section 33000 et seq.) prepared
and approved a redevelopment plan for a redevelopment project area
known as the River Valley Redevelopment Project ( "Project "), which
redevelopment plan was adopted by the City Council of the City of
Anaheim on November 29, 1983; and
WHEREAS, the City Council of the City on November 29, 1983
adopted Ordinance No. 4463 to adopt the redevelopment plan to
provide for the allocation and payment of all property taxes
received from increases in the assessed value of real property
within the Project area to the Agency subsequent to the adoption of
the redevelopment plan for the purpose of paying any and all debts
and obligations incurred by the Agency to finance the redevelopment
within the Project area; and
WHEREAS, the Agency has obtained and considered certain
information showing that the allocation of tax increment to the
Agency by virtue of the implementation of the redevelopment plan
will cause a financial burden or detriment to the County of Orange
( "County "), whose obligation to provide certain services within the
Project area will increase as a consequence of the more intensely
developed Project area and the allocation of all additional
property taxes attributed to the increase in the assessed value of
the real property within the Project area to the Agency, thereby
depriving the County of its normal share of the additional revenues
needed to adequately finance public services within the County; and
WHEREAS, by reason of the aforesaid, Agency and County now
desire to enter into an agreement providing for the payment by the
Agency to the County of a portion of the property tax revenues
received by the Agency from the River Valley Redevelopment Project
area which would be appropriate and necessary to alleviate the
financial burden and detriment caused to the County by reason of
said redevelopment project, all as authorized by Section 33401 of
the California Health and Safety Code.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency as follows:
1. The Agency hereby finds and determines that, on the basis
of the facts and for the reasons set forth in Exhibit "1"
(attached hereto and incorporated herein by this
reference), the River Valley Redevelopment Project will
cause or has caused a financial burden or detriment to the
County and that the payments set forth in the Agreement
referred to in Paragraph 2 of this Resolution are
necessary to alleviate the financial burden or detriment.
2. The Agreement (River Valley Redevelopment Project)
( "Agreement ") with the County of Orange is hereby approved.
3. The Chairman and Secretary of the Agency are hereby
authorized and directed to execute said Agreement on
behalf of the Agency.
THE FOREGOING RESOLUTION is approved and adopted this 20th
day of November , 1984.
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CHAIRMAN
ANAHEIM REDEVELOPMENT AGENCY
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
MES:KH
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA84 -30 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 20th day of
November, 1984, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Kaywood, Bay, Overholt and Roth
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Pickler
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the 20th day of November, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 20th day of
November, 1984.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
(SEAL)
EXHIBIT "1"
The Anaheim Redevelopment Agency ( "Agency ") hereby finds
and determines that the approximately 1.2 million square feet of
mixed use development within the River Valley Redevelopment Project
will cause the County of Orange ( "County ") additional public
service costs it might otherwise not incur. A review and summary
of the County of Orange's "Fiscal Impact Review for Anaheim
Redevelopment Proposal" suggests that the financial burden or
detriment to the County may result in net cumulative deficits of
costs over revenues in the amount of $1.1 million over a period of
35 years as the Project's anticipated creation of some 3,000
permanent jobs will encourage many persons and families to locate
or relocate within the County and further contribute to its present
fiscal pressures.
It is further determined that the County's ability to
adequately finance those public services affected by the Project is
absolutely essential in meeting the long term objectives of both
the County and the Project.
With the development of the Project area and the
increasing population within the County, the need to tap all
available revenue sources becomes crucial. As such, the allocation
of tax increment to the County is necessary for the County to
sufficiently meet its long term financing needs.
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