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CDA and City Resolution 89-23
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RESOLUTION NO. 89- 23
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY ELECTING TAX INCREMENT PASS-THROUGH
WHEREAS, the Community Development Agency of the City of
Gilroy is preparing a Redevelopment Plan for the City of
Gilroy Community Redevelopment Project Area (the
"Redevelopment Plan"), which provides for tax increment
financing pursuant to Health and Safety Code Section 33670; and
WHEREAS, the City of Gilroy is an affected taxing agency
authorized to make the election described in Health and Safety
Code Section 33676.
BE IT NOW THEREFORE RESOLVED:
1. That the City of Gilroy elects to be allocated all of
the tax revenues attributable to increases in the rate of tax
imposed for the benefit of the City of Gilroy which levy
occurs after the tax year in which the ordinance adopting the
Redevelopment Plan becomes effective, and elects to be
allocated all of the tax revenues attributable to increases in
the assessed value of the taxable property in the City of
Gilroy Community Redevelopment Project Area, as the assessed
value is established by the assessment roll last equalized
prior to the effective date of the ordinance adopting the City
of Gilroy Community Redevelopment Plan pursuant to Health and
Safety Code Section 33670(a), which are or otherwise would be,
calculated annually pursuant to Revenue and Taxation Code
Section 110.1(f).
2. That the City Manager is hereby authorized and
directed to transmit copies of this Resolution to the
appropriate officials and to take all other actions required
pursuant to Health and Safety Code Section 33676 to implement
the election set forth in this Resolution.
RESOLUTION NO. 89- 23
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Passed and adopted this 17th day of April, 1989 by the
following vote:
AYES:
COUNCILMEMBERS: HALE, KLOECKER, PALMERLE~, VALDEZ and
MUSSALLEM.
COUNCILMEMBERS: None
COUNC I LMEMBERS : GAGE and HUGHAN.
NOES:
ABSENT:
APPROVED:
L~protempore
ATTEST:
03/30/89
#BOSOA/B49702
RESOLUTION NO. 89-23
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I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do
hereby certify that the attached Resolution No. 89-23 is an original
resolution, duly adopted by the Council of the City of Gilroy at a regular
meeting of said Council held on the 17th day of April , 19~,
at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Official Seal of the City of Gilroy this 18th day of April
19 89.
(Seal)-