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HomeMy WebLinkAboutORD 766ORDINANCE NO. 766 AN ORDINANCE OF THE CITY OF PALM DESERT AMENDING THE REDEVELOPMENT PLAN FOR PROJECT AREA NO. 2 OF THE PALM DESERT REDEVELOPMENT AGENCY THE CITY COUNCIL OF THE CITY OF PALM DESERT DOES ORDAIN AS FOLLOWS: Section 1. The City Council of the City of Palm Desert approved and adopted the Redevelopment Plan for Project Area No. 2 of the Palm Desert Redevelopment Agency by the City's Ordinance No. 509, adopted on July 15, 1987. Section 2. Pursuant to Health and Safety Code Section 33333.6, unless a redevelopment plan adopted prior to January 1, 1994, contains all of the limitations required by Section 33333.6 and each of these limitations does not exceed the applicable time limit established by Section 33333.6, the city council, acting by ordinance on or before December 31, 1994, must amend the redevelopment plan either to amend existing time limits which exceed the applicable time limits required by Section 33333.6 or to establish time limits that do not exceed the provisions of subdivisions (a), (b) and (c) of Health and Safety Code Section 33333.6. In adopting such ordinance, neither the city council nor the redevelopment agency is required to comply with Article 12 (commencing with Section 33450) or any other provision of the Community Redevelopment Law (Health and Safety Code Section 33000, et sea.) relating to the amendment of redevelopment plans. Section 3. Pursuant to Health and Safety Code Section 33333.6, Section XI is added to the Redevelopment Plan to read as follows: "XI. TIME LIMIT ON THE ESTABLISHING OF LOANS, ADVANCES AND INDEBTEDNESS Notwithstanding any other provision of this Plan, and except as provided in this Section XI and Health and Safety Code Section 33333.6 (a), (g) and (h), or as otherwise permitted by law, the time limit on the establishing of loans, advances, and indebtedness to be paid with the proceeds of property taxes received pursuant to Health and Safety Code Section 33670 to finance in whole, or in part, the redevelopment project is July 15, 2007 The loans, advances or indebtedness may be repaid over a period of time longer than this time limit. This limit shall not prevent the Agency from incurring debt to be paid from the Low and Moderate Income Housing Fund or establishing more debt in order to fulfill the Agency's housing obligations under Health and Safety Code Section 33413. In addition, this limit shall not prevent the Agency from refinancing, refunding, or restructuring indebtedness after July 15, 2007, if the indebtedness is not increased and the time during which the indebtedness is to be 941010 P6402.00001 rs 1671868 2 ORDINANCE NO. 766 repaid does not exceed the date on which the indebtedness would have been paid." Section 4. Pursuant to Health and Safety Code Section 33333.6, Section XII is added to the Redevelopment Plan to read as follows: "XII. EFFECTIVENESS OF THIS PLAN Notwithstanding Section IX of this Plan, and except as provided in this Section XII and Health and Safety Code Section 33333.6 (a), (b), (g) and (h), or as otherwise permitted by law, and except for the provisions relating to nondiscrimination and nonsegregation, which shall run in perpetuity, the effectiveness of this Plan shall terminate on July 15, 2027. After the time limit on the effectiveness of this Plan, the Agency shall have no authority to act pursuant to this Plan except to pay previously incurred indebtedness and to enforce existing covenants, contracts, or other obligations." Section 5. Pursuant to Health and Safety Code Section 33333.6, Section XIII is hereby added to the Redevelopment Plan to read as follows: "XIII. PAYMENT OF INDEBTEDNESS AND RECEIPT OF PROPERTY TAXES Notwithstanding any other provision of this Plan, and except as provided in this Section XIII and Health and Safety Code Section 33333.6 (a), (c), (g) and (h), or as otherwise permitted by law, the Agency shall not pay indebtedness with the proceeds of property taxes received pursuant to Health and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after ten years from the termination of the effectiveness of this Plan. These limitations shall not be applied to limit the allocation of taxes to the Agency to the extent required to implement a replacement housing program pursuant to Health and Safety Code Section 33413. In addition, these limitations shall not affect the validity of any bond, indebtedness, or other obligation, including any mitigation agreement entered into pursuant to Health and Safety Code Section 33401, authorized by the City Council, or the Agency pursuant to the Redevelopment Law, prior to January 1, 1994, or the right of the Agency to receive property taxes pursuant to Health and Safety Code Section 33670 to pay the bonds, indebtedness or other obligation." Section 6. This Ordinance is adopted pursuant to Health and Safety Code Section 33333.6(e). Section 7. If any section, subsection, sentence, clause or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the 941010 M02,00001 n 1671968 2 - 2 - ORDINANCE NO. 766 validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed this Ordinance and each section, subsection, sentence, clause and phrase hereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional. Section 8. The City Clerk shall certify to the adoption of this Ordinance and is hereby directed to publish this Ordinance in accordance with law. PASSED, APPROVED AND ADOPTED this 8th day of December , 1994. AYES: BENSON, KELLY, SNYDER, CRITES NOE S : NONE ABSENT: WILSON ABSTAIN: NONE Clerk - 3 - Buford,. -A. Crites, Mayor