HomeMy WebLinkAbout2003-04-22; Housing & Redevelopment Commission; Resolution 367I
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RESOLUTION NO. 367
A RESOLUTION OF ME HOUSING AND REDEVELOPMENT COMMISSION
OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING A
REDEVELOPMENT AGENCY SPECIAL PAYMENT TO THE EDUCATION
REVENUE AUGMENTATION FUND AND APPROPRIATION OF FUNDS
WHEREAS, due to recent California legislation (AB 1768), the Health and Safety Code
(Section 33681.7) requires redevelopment agencies to shift $75 million in property tax revenues
to K-12 schools and communitycolleges during the 2002-03 fiscal year; and
WHEREAS, in accordance with this legislation, the Carlsbad Redevelopment Agency
must make a special one-time payment of $66,761, as determined by the State Director of
Finance to the County of San Diego Auditor for deposit in the Education Revenue Augmentation
Fund on or before May 10,2003;
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Commission of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the Finance Director is authorized to appropriate $66,761 from the
Redevelopment Agency Debt Service Fund for the purpose of making a special payment to the
County Auditor of San Diego for deposit into the Education Revenue Augmentation Fund on or
before May IO, 2003.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing and
Redevelopment Commission of the City of Carlsbad, California, held on the 22nd day of
APRIL , 2003 by the following vote, to wit:
AYES: Commissioners Lewis, Finnila, Kulchin, Hall, Packard
NOES: None