SR-0 (63)
P..A - I
MAR 2 9 1994
LUTM:PPD:SF:?C
f:\ppd\share\ccreport\redv329
FedevelopNent Agency:
Sa~ta Monlca, Callfornla
TO: SanLa Monlea Redevelopnent Agency
FROM: C1ty 3~aff
SUBJECT: Recornlnendat1.on::o Adop:: ~esolu::lcn ::0 Designate Base Year
Assessme~~ ~oll; Au~horlzl~g Transmlttal of a Map, Legal
Descrlptlon of the Proposed Earthq-J.ake ?.ecovery
Redeve~opment Project Area Boundar.:..es, and a Statement
that the Redeve~opment Pla~ 1S 3elng P~epared to Taxlng
Off~clals and Agencles, ar.d Dlrectlng Pal~e~: of ?lllng
Fee to State Board of Equallzatlo~.
INTRODUCTION
0:1 Harch 22,
~994 the Cltj Cou~cll G0Droved a Reso~J~lcn
deslgna::lng ::~e eartjqua<e ~ecove~y redevelopme~t survey area for
S~UQy purposes. The next step in the process 1S the adoptlon of a
Resolutlon es::ablls~l~g :te Dase tax year and transm1ctal of the
p~oposed area boundarles and map to the :.axL-:g age!lC12S by the
Redevelopme~L Ager-cy.
ThlS Drocess sets tte base 'iear =or caL::ula t.:..z:g tax l~c:'e::'ler.. t
revenues. By aacptlng the attached Resol~tlOr.., t~e Redevelopment
Agency lS deslgnatl~g ~he 1993/~994 Assessment ~o:l as t~e base
year for the proposed redevelopment plan. Tt~cugh adcpt~cn of the
Resol~tlo~, the ~edeve~c~me~~ Agency lS alsc au~~crlz~ng the
tranSffil t :al 0= the l.nfo~':1a t.:..on to the :2;nr:.q agen:::::l es, wr..o tten.
have 60 days to respond.
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MAR 2 9 1994
{(A-I
Addltlonally, the Bedevelcpment Agency 15 reqJlred to provlce the
taxlng offlclals and agencles a map and legal descrlptlon of the
proposed earthquake redevelopment recovery area and a statement
that the earthquake recovery redevelop~ent plan lS belng prepared
by the Clty.
ThlS 13 r..ot a flnal adopL.on of the proposed
redevelopment area bou~dar~es. ~he Redevelopmen~ Agency and Clty
Counell vall have tl:e opportUTIl ty ::0 de~ete areas 'dl tj:-::c ::l1e
proposed recovery redeve~oprr.ent area pr~or to fleal adoDtlon.
The Resolutlon and map of the proposed area W~~~ be provlded under
separate cover.
1::e ::"eg2.1 descr.:..pt,:"o:1 HLLl be prepared after
adoptlon of thlS Resolutlon.
BUDGET/FINANCIAL IMPACTS
The recommenda~lon In thlS report wlll requ.:..re the pa~ent of a
flllng fee to the 30ard of Eq~2.11zat.:..on WhlCh 13 based on acreage
contalned In tje earthqua~e recovery redeve_op~ent area
:~e Dudget
actlon 15 reaulred at tt~s ~~!e.
STAFF RECOMMENDATION
S~aff recommends ~na~ the Redeveloprre~t Age~cy ~ake ~ne fo::"::"ow.:..~g
actlons:
o
."'.dopt :::e
assess:'".ent
Resolut~o~
rell
wh:cl:
des.:..gnates
::!1e
base
yea.:-
o Author.:..ze ~ransmlttGI of a ~ap, legal cescr.:..ptloe 0: the
proposed earthq~ake recovery redevelcp~en: proJect area
bo~~darles, a~d a state~ent t~aL the redevelopment plan
lS belng prepared to tax~~g offlclals and agencles
o Autnorlze pa}~ent o~ =~~l~g fee to State Board of
Equallzatlo~.
Prepared by:
S~zanne Frlck, Dlrector of ~UTM
Paul Casey, Actlng SeDlor Planne~
Lyn CaCclatore, Depu~y Clty A:tcrney
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