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O1394 .. e e ORDINANCE NO. 1394{CCS) AN ORDINANCE OF THE CITY OF SATNA MONICA ESTABLISHING CERTAIN LIMITATIONS FOR THE REDEVELOPMENT PLAN FOR THE PACIFIC OCEAN PARK REDEVELOPMENT PROJECT AS REQUIRED BY CALIFORNIA HEALTH AND SAFETY CODE SECTION 33333.4 WHEREAS, the City Council of the City of Santa Monica adopted Ordinance No. 874 (CCS) on July 13, 1971 adopting and approving a Redevelopment Plan (hereinafter referred to as the hRedevelopment Plann) for the Pacific Ocean Park Redevelopment Project (hereinafter referred to as the "Redevelopment Projectn); 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 SANTA MONICA 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 Santa Monica Redevelopment Agency, city of Santa Monica, California (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 HUNDRED EIGHTY-FIVE THOUSAND DOLLARS ($385,000.00) 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 RedevelOp- ment Project shall be established or incurred after October 1, 2006. 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 - 1 - _ t t e e 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 Santa Monica or the Agency pursuant to the California Community Redevelopment Law set forth in sections 33000 et seq. of the California Health and Safety Code, and shall be construed so as to allow the completion of adopted programs and projects implementing the Redevelopment Project. SECTION 4. Partial Invaliditv. If any section, paragraph, sentence, clause, or phrase of this ordinance shall for any reason be held illegal or unenforceable, such holding shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this ordinance and each and every other Section, paragraph, sentence, clause or phrase not declared invalid or unconstitutional without regard to whether any portion of this ordinance would be subsequently declared invalid or unconstitutional. SECTION 5. The Mayor shall sign and the City Clerk shall attest to the passage of this ordinance. The City Clerk shall cause the same to be published once in the official newspaper within 15 days after its adoption. This ordinance shall become effective 30 days from its adoption. APPROVED AS TO FORM: RO~Y~ ~ City Attorney lamo027c/hpw - 2 - t- e e I hereby certify that th th day of December, 1986. Adopted and ~( Mayor Ordinance No. 1394(CCS) was duly and regularly introduced at a meeting of the City Council on the 11th day of November 1986; that the said Ordinance was thereafter duly adopted at a meeting of the city Council on the 9th day of December 1986 by the following Council vote: Ayes: Councilmembers: Jennings, A. Katz, H. Katz, Zane and Mayor Conn Noes: Councilmembers: Reed Abstain: Councilmembers: Finkel Absent: Councilmembers: None _.~ -.- --"'~"'''' - "- :. ." ......> ATTEST:-~ - -- ........ tiL~- ~ -~- 2 -.:. - - ~-_:: -- , > Ph ..i !J.-:_~ .-- -~~ w : _ c'.:te~, Cl er.~ ,_ . - ......---- -..r_ __ ...