Resolution No. 5857
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RESOLUTION NO. 5857
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A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF VERNON ELECTING TO RECEIVE
ALLOCATION OF TAXES PURSUANT TO THE
PROVISIONS OF THE COMMUNITY REDEVELOPMENT
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WHEREAS, the Redevelopment Agency of the City of Vernon
6 (Agency) is engaged in acti vi ties necessary or appropriate to
7 carry out the the California community Redevelopment Law (Health
8 & Safety Code, Sections 33000, et seq.) within the City of
9 Vernon; and
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WHEREAS, pursuant to Section 33330 of the Communi ty
II Redevelopment Law, the Agency has prepared a proposed
12 Redevelopment Plan for the Industrial Redevelopment Project in
l3 the City of Vernon; and
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WHEREAS, pursuant to Section 33670 of the Community
l5 Redevelopment Law, the Redevelopment Plan for the Industrial
l6 Redevelopment Project contains a provision for the allocation of
l7 taxes; and
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WHEREAS, pursuant to Section 33676 of the Community
19 Redevelopment Law, any "affected taxing agency" may elect to be
20 allocated, in addition to the portion of taxes allocated
2l pursuant to subdivision (a) of Section 33670, all or any portion
22 of the tax revenues allocated to a redevelopment agency pursuant
23 to subdivision (b) of Section 33670 attributable to one or both
24 of the following:
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(1) Increases in the rate of tax imposed for the
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benefit of the taxing agency which levy occurs
after the tax year in which the ordinance adopting
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the redevelopment plan becomes effective.
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(2) Increases in the assessed value of the taxable
property in the redevelopment proj ect area which
are, or otherwise would be, calculated annually
pursuant to subdivision (f) of section 110,1 of
the Revenue and Taxation Code; and
WHEREAS, the City of Vernon is an "affected taxing
agency" as defined in subdivision (d) of Section 33676 of the
Community Redevelopment Law.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: The City council of the City of Vernon
hereby finds and determines that the recitals contained
hereinabove are true and correct.
SECTION 2: The City of Vernon, as an affected taxing
agency, does hereby elect to receive, in addition to the portion
of taxes allocated to the City pursuant to subdivision (a) of
Section 33670, all that portion of the tax revenues allocated to
the Redevelopment Agency pursuant to subdivision (b) of Section
33670 attributable to:
(1) Increases in the rate of tax imposed for the
benefit of the taxing agency which level occurs
after the tax year in which the ordinance adopting
the redevelopment plan becomes effective.
(2) Increases in the assessed value of the taxable
property in the redevelopment project area which
are, or otherwise would be, calculated annually
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pursuant to subdivision (f) of section 110.1 of
the Revenue and Taxation Code,
SECTION 3:
The City Clerk is hereby authorized and
4 directed to file copies of this Resolution with the
5 Redevelopment Agency, the Auditor-controller of the County of
6 Los Angeles, and the Tax Collector of the County of Los Angeles.
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SECTION 4: The City Clerk of the City of Vernon shall
8 certify to the passage of this resolution and thereupon and
9 thereafter the same shall be in full force and effect.
lO APPROVED AND ADOPTED this 20th day of November, 1990.
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ATTEST:
A
BRUCE V.
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gMi"S'"~ ~B~~r Pro Tern
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MALKENHORST, City Clerk
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STATE OF CALIFORNIA )
)ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, City Clerk of the City of
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4 Vernon, do hereby certify that the foregoing ReSOlution, being
5 Resolution No. 5857, was duly adopted by the City Council of the
6 City of Vernon at a regular meeting of the city Council duly
7 held on Tuesday, November 20, 1990, and thereafter duly signed
8 by the Mayor of the City of Vernon.
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BR~CE v. MALKENHORST, city Clerk
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(SEAL)
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