Chapter 2.40 — REDEVELOPMENT AGENCY

It is found, determined and declared that there is a need for a Redevelopment Agency to function in the City in accordance with the provisions of the Community Redevelopment Law. (Ord. 86-12 §1.0)

The Redevelopment Agency is established pursuant to Section 33101 of the Community Redevelopment Law to be know as the Sand City Redevelopment Agency. The Redevelopment Agency is authorized to transact business and exercise its power under provision of the Community Redevelopment Law. (Ord. 86-12 §2.0)

Pursuant to the provisions of Section 33200 of the Community Redevelopment Law, the City Council declares itself to be the Redevelopment Agency of the City. (Ord. 86-12 §3.0)

The City Council finds and determines that the designation of the City Council as the Redevelopment Agency will serve the public interest and promote the public health, safety, and welfare in an effective manner in that this public body is best able to serve the needs of the community to implement the purposes of the Community Redevelopment Law. (Ord. 86-12 §4.0)

That certain document entitled "Sand City Redevelopment Plan for the Sand City Redevelopment Project Area," the maps contained therein, and such other reports as are incorporated therein by reference, a copy of which is on file in the office of the City Clerk of the City, having been duly reviewed and considered, is hereby incorporated in this chapter by reference and made a part hereof, and as so incorporated is hereby designated, approved, and adopted as the official "Sand City Redevelopment Plan for the Sand City Redevelopment Project Area." (Ord. 87-6 §21)

The effectiveness of the Plan shall be amended to not exceed 40 years from the date of adoption. Therefore, Section 1000.00, paragraph 1, is hereby amended to read: "Except for the nondiscrimination and nonsegregation provisions, which shall run in perpetuity, the provisions of this Plan shall be effective and the provisions of other documents formulated pursuant to this Plan may be made effective for 40 years from the date of the adoption of this Plan by the City Council. The termination of the Plan will, therefore, occur on July 20, 2027. Unless projects contemplated under the Redevelopment Plan are undertaken within 10 years of the date of the

adoption of the Redevelopment Plan, then said projects will not be undertaken thereafter unless a public hearing is conducted by the Redevelopment Agency and the City Council with notice of said public hearing being given by publication and distribution. The purpose of said public hearing will be to consider the desirability of undertaking the proposed project(s) in light of the conditions as they then exist." (Ord. 94-11 §1)

The Redevelopment Plan is hereby further amended by adding paragraph 3 to Section 1000.00, to read: "The agency shall not repay indebtedness or receive property taxes pursuant to Health and Safety Code Section33333.6 after 10 years from the termination date of the Redevelopment Plan. Based upon the termination date of the Redevelopment Plan, the agency shall not pay indebtedness or receive property taxes pursuant to Health and Safety Code Section 33670 after July 20, 2037." (Ord. 94-11 §3)