HomeMy WebLinkAboutResolution - 3358 STATE OF CALIFORNIA ) RESOLUTION NO. 3358
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY OF SAN JACINTO,
CALIFORNIA AUTHORIZING A REPORT TO THE
RIVERSIDE COUNTY AUDITOR OF THE
REDEVELOPMENT AGENCY'S INTENT TO USE
ACCUMULATED TAX INCREMENT TO MAKE THE
FISCAL YEAR 2010-11 SUPPLEMENTAL EDUCATIONAL
REVENUE AUGMENTATION FUND PAYMENT
WHEREAS, pursuant to the California Community Redevelopment Law (Health
& Safety Code Sections 33000, et seq.) ("CRL"), the City Council of the City of San
Jacinto ("City") approved and adopted a Redevelopment Plan ('Redevelopment Plan")
for the redevelopment Project Areas known as the San Jacinto Redevelopment Project
and Soboba Springs Project Area ("Project Area"): and
WHEREAS, the Governing Board of the San Jacinto Redevelopment Agency
("Agency") is engaged in activities to implement the Redevelopment Plan for the Project
Area pursuant to the provisions of the CRL; and
WHEREAS, the State legislature passed AB 26 4x, as amended by Senate Bill
68, as a budget balancing measure, which requires redevelopment agencies statewide
to make payments totaling $350,000,000 to county Supplemental Educational Revenue
Augmentation Funds ("SERAF") during Fiscal Year 2010-11; and
WHEREAS, by March 1, 2011, the legislative body, City Council, must report to
the County Auditor how the Agency intends to fund the required SERAF payment for
Fiscal Year 2010-11; and
WHEREAS, the Agency's required SERAF contribution for Fiscal Year 2010-11
is $388,588, which, unless the SERAF obligation is overturned by pending litigation, the
Agency must pay to the County Auditor for deposit in the County's SERAF fund prior to
May 10, 2011; and
WHEREAS, the Agency has sufficient accumulated tax increment funds to make
the SERAF payment.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San
Jacinto as follows:
Section 1_ The facts set forth in the recitals above are true and correct and
hereby incorporated into the City' Council's findings and determinations.
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Section 2. The City Council hereby authorizes and approves reporting to the
County Auditor the Agency's intention to use accumulated tax increment funds in order
to pay the Agency's SERAF payment.
Section 3. The City Council hereby authorizes and directs the City Manager to
take any action and execute any documents necessary to implement this Resolution.
Section 4. The City Clerk shall certify to the passage and adoption of this
resolution and the same shall thereupon take effect and be in force immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 3`' day of February, 2011.
Ayes: Bartel, Di Memmo, Kotyuk, Ledezma, Miller
Nays: None
Absent: None
Abstain: None
City of San Jacinto
By: 4At&
Scott Miller, Mayor
ATTEST:
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Richard Miller, City Clerk
APPROVED AS TO FORM:
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Seffre allinger, e ty Attorney
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CERTIFICATE
I, Rick Miller, City Clerk of the City of San Jacinto, do certify that the foregoing
Resolution No. 3358 was passed, adopted and approved at a regular meeting of the
City Council for the City of San Jacinto held on the 3rd day of February, 2011, by the
following vote:
Ayes: Bartel, Di Memmo, Kotyuk, Ledezma, Miller
Nays: None
Absent: None
Abstain: None
WITNESS MY HAND AND OFFICIAL SEAL this 3rd day of February, 2011 .
Richard Miller, City Clerk
City of San Jacinto
State of California
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