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4786ORDINANCE N0. 4786 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANAHEIM ESTABLISHING CERTAIN LIMITATIONS FOR THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT ALPHA, AS REQUIRED BY CALIFORNIA HEALTH AND SAFETY CODE SECTION 33333:4: WHEREAS, the City Council of the City of Anaheim adopted Ordinance No: 3190 on July 19, 1973; adopting and approving a Redevelopment Plan (hereinafter referred to as the "Redevelopment Project") ; and WHEREAS, the Redevelopment Plan was first amended by the City Council on July 20, 1976; by Ordinance No: 3567; second amended by the City Council on November 30, 1976; by Ordinance No: 3631; and third amended by the City Council on January S. 19829 by Ordinance No: 4300; and WHEREAS, the Redevelopment Plan contains the tax allocation provisions set forth in California Health and Safety Code Section 33670; and WHEREAS, California Health and Safety Code Section 33333.4 requires that the City Council adopt this Ordinance on or before December 31, 1986, establishing certain limitations for the Redevelopment Project: NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS FOLLOWS: SECTION 1; In accordance with the requirements of California Health and Safety Code Section 33333.4, the City Council hereby establishes the following limitations for the Redevelopment Project, subject to all of the provisions of this Ordinance: A. The number of dollars of taxes which may be divided and allocated to the Anaheim Redevelopment Agency (hereinafter referred to as the "Agency") pursuant to the Redevelopment Plan shall not exceed: (1) for fiscal years 1985-86 and before, the amounts actually so divided and allocated to the Agency; and (2) for fiscal years 1986-87 and thereafter, the amount of Three Billion, One Hundred Sixty -Two Million Dollars ($3,162,000,000), except by amendment of the Redevelopment Plan in the manner required by law. B. No loan, advance or indebtedness to be repaid from the allocations of taxes referred to in Section 1.A. hereinabove shall be established or incurred by the Agency to finance in whole or in part the Redevelopment Project after July 10, 2008. Such loan, advance or indebtedness may be repaid over a period of time longer than such time limit. Such time limit may be extended only by amendment of the Redevelopment Plan in the manner required by law, C. No eminent domain proceeding to acquire property within the Redevelopment Project area shall be commenced after twelve (12) years following the date of adoption of this Ordinance: Such time limitation may be extended only by amendment of the Redevelopment Plan in the manner required by law: SECTION 2: The limitations established in Section 1 of this Ordinance shall apply to the Redevelopment Plan as if the Redevelopment Plan had been amended to include those limitations, and may only be amended by amendment of the Redevelopment Plan in the manner required by law. SECTION 3: The limitations established in Section 1 of this Ordinance shall not be construed to allow the impairment of any obligation or indebtedness incurred by the City of Anaheim or the Agency pursuant to the California Community Redevelopment Law set forth in Section 33000 et seq, of the California Health and Safety Code, and shall be construed so as to allow the completion of adopted programs, projects and activities implementing the Redevelopment Project. SECTION 4: The City Clerk is hereby directed to send a certified copy of this Ordinance to the Agency: SECTIONS: EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION, 6. SEVERABILITY The City Council of the City of Anaheim hereby declares that should any section; paragraph, sentence or word of this ordnance, hereby adopted, be declared for any reason to be invalid, it is the intent of the Council that it would have passed all other portions of this ordinance independent of the elimination herefrom of any such portion as may be declared invalid. THE FOREGOING ORDINANCE is approved and adopted by the oo"-- City Council of the City of Ana eim this day of December, 1986. MAYOR OF THE CITY OF ANAHEIM ATTEST: CITY CLERK OF TH CITY OF ANAHEIM MES:fm/1558L/112686 -2- CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I. LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that ..,� the foregoing Ordinance No. 4786 was introduced at a regular meeting of the City Council of the City of Anaheim, held on the 9th day of December, 1986, and that the same was duly passed and adopted at a regular meeting of said City Council held on the 16th day of December, 1986, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Roth, Pickler, Hunter, KayWood and Bay NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 4786 on the 16th day of December, 1986. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 16th day of December, 1986. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Ordinance No. 4786 and was published once in the Anaheim Bulletin on the 26th day of December, 1986. VPA ' . 44 r �