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I <br />ORDINANCE NO. <br />AN ORDINANCE OF THE <br />CITY OF REDWOOD <br />CITY, CALIFORNIA. <br />EUMINA77NG THE <br />EXISTING TIME UMIT <br />ON INCURRING DEBT <br />FOR THE REDEVELOP- <br />MENT PLAN FOR REDE- <br />VELOPMENT PROJECT <br />NO.2 <br />WHEREAS, the City <br />Council of the My of <br />Redwood City, California <br />(the 'City Council'), <br />adopted Ordinance No. <br />1662 on July 19, 1982, <br />approving and adopting <br />the Radeveloprnem Plan <br />(the'Redevelopment <br />Plena) for Redevelopment <br />Project No. 2 (the 'Pr. <br />oleclo. Which Redeve- <br />lopnwd Plan was sub - <br />30queMIY emended by <br />Ordinance No. 1911 <br />adopted On May 20, <br />1955, Ordinance No. <br />2007 adopted on De- <br />cernow 18, 1989, Ordi- <br />nence No. 2085 adopted <br />on December 19, 1994, <br />and Ordinance No. 2211 <br />adopted on Jury 9, 2001; <br />and WHEREAS, Ordi- <br />nance No. 2085, adopted <br />on December 19, 1994, <br />established among other <br />things a tans lint on the <br />establishing of bens, <br />advances, and indebted. <br />ness with respect to the <br />Redevelopment Plan, in <br />conplimce wah Section <br />33333.6 of the Health <br />and Surety Code; and <br />WHEREAS, Health and <br />Safety Code Section <br />33333.6 was arnended <br />by SB 211 which took ef- <br />fect on January 1. 2002, <br />which authorizes redeve- <br />lopment agencies to eli- <br />nanate the time limt on <br />the estabilshment of <br />loans, advances, and in- <br />debtedness contend in <br />redevelogMnt plans; <br />NOW, THEREFORE, THE <br />CITY COUNCIL OF <br />REDWOOD CITY, CALI- <br />FORNIA, DOES HEREBY <br />ORDAIN AS FOLLOWS: <br />Section 1. The Redeve- <br />IOPrhmt Plan for Radeve- <br />Ioprnern Project No. 2 is <br />hereby amended to Mo- <br />rnnata the time hint on <br />the estebh6hment of <br />loans, advances, arid In- <br />debtedness established <br />by Ordinance No. 2Q85. <br />Section 2. Except as <br />modified by Section 1, <br />above, the Rsdsv <br />nent Plan, and OMIT <br />nonce Nos. 1862, 1111, <br />2007, 2085 and 2211 are <br />The qty Clerk is hereby <br />directed to send a certl- <br />fled copy of this Ord i- <br />nancetothe Recave <br />lopnent Agency of the <br />City of Redwood qty <br />Section 4. Severabil ly. <br />If any pan of this Ordi- <br />nance is hold to be it va- <br />lid for any reason, su:h <br />decision shall not affect <br />the vatldlty of the!°n}��' <br />Ing portion of this Ulpl- <br />nonce, and this City <br />Council hereby dec <br />that it would have . <br />passed the remeinderof <br />this Ordinance 8 such <br />imalld portion thereof <br />had been deleted. Sod. <br />The City Clark is her <br />ordered and directec <br />cemty to the passa( <br />this Ordinance by th <br />CRY Council of the P <br />wood City. CalBomia <br />and cause the sarre <br />be Published in the F <br />wood City Almanac, <br />newspaper of amm, <br />ON City. Sabi <br />1Ws Date. This <br />ce shell be In full <br />id affect thirty <br />a after adoptloh. <br />2002 <br />