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AgdaPkt 2011-12-12
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AgdaPkt 2011-12-12
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Last modified
10/29/2012 8:43:35 AM
Creation date
12/13/2011 2:08:51 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
12/12/2011
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6.1. E. - Page 31 <br /> Agency Nanne: Project Area Name: <br /> Suuulemental Educational Revenue Aasmentation Fund lSERAFI Suspension of Propertv Tax Revenue Denosit <br /> 4. Refer to FY 2009-10 Sch A, page 2, Line 3a(3)(A). Check box below and provide infonmation only if the agency for just <br /> FY 2Q09-10 exercised suspension option to not miake full miivmum aliaca�aon and deposit of t� increment to the <br /> Housing Fund for Yhe purpose of using suspension funds to meet the FY 2009-i0 SERAF oblzgation. Note, pursuant <br /> to Health and Safery Section 33334.2(k), repayment is required before June 3D, 2015. <br /> �QT �Q � Li � L� <br /> ❑ SERAF [H&5C� �etion 33334.2(k)]. In FY 2009-10 the agency exercised option to suspend alIocating and deposit�ng <br /> a portion of the min� um 20% of gross property tax increment. <br /> Instructions: Please inc ude amounts for al1 fiscal ears between FY 20 - <br /> v 09 10 and FY 20I4-15 to record agency <br /> compliance with repayznent requirements as referenced in H&SC Section 33334.2{k)(1}(2)(3). <br /> Report cumulative total af all praject area suspensrons and repaymet�ts in ,�chedule `C ; page 9, 6ox 23. <br /> CoI l Co12 Col 3 <br /> Balance <br /> Identify any (Prior year Col 3 <br /> Fiscal Years AppIicable to '�: SUSPENSION Identify any Balance minus <br /> SERAF 5uspension and `'��. Amount for SUSPENSION <br /> R a ent De osit � Current year Co12 <br /> eP 3'm � FY 2009-2010 Repavment Repayment) <br /> 2009 - 2010 $ $ � <br /> 2010 - 2011 � $ � <br /> 2011 - 2012 $ � <br /> 2012 - 2013 $ � <br /> 2013 -2014 „��;� � s ��;� � �Fs,� $ � <br /> �a� f `. � .t <br /> 2014 - 2015 � ; �r���� � $ <br /> ,��;.,�..,� <br /> Exemptionfs) and Deferral(s) <br /> �ti�— �cPPV1.c.�r�3�E <br /> 5. a.(1) If an exemption was claimed on Page 2, Line 3a(5) to deposit less than the reqw�d amount, complete the following information: <br /> Check onl,�� of the Health and Safety Code Sections below (Note.� An Aranual Finding is required to be submattecl to HCD) <br /> ❑ Sectian 33334.2(a)(1): No need in community to increase/improve supply of lower or moderate income housing. <br /> ❑ Sectio�x 33334.2(a}{2): Less tha�a the minimum set-aside %(2D% or 30%) is sufficient to meet the need. <br /> ❑ Section 33334.2(a)(3): Commuiaity is making substantial effort equivalent in value to minimntn set-aside %(20°/Q or 30%) <br /> and has specifrc contractnal obligations incurred before May 1, 1991 requiring continued use oFthis funding. <br /> Note: Purstiant to Section 33334.2(a)(3)(C), this exem�t�ion expired on June 30, 1993.but <br /> contracts entered into prior to May J.,1991 may not l�e subject to the exemp�ian sanset.. <br /> '•�. <br /> ❑ Other: Specify code section and reason(s): <br /> �\ <br /> (2) Far any exemption claimed on Page 2, Line 3a(S) and Line Sa(1) above, identify: <br /> DaYe that initial (1 finding was adopted: � ' Resolution # Date sent to HCD: 1 I <br /> m° daY Yr mo daY Y� <br /> Adoption date of re ortin - eaz findin : I I AesoIution # Date sent to HCD: 1 I <br /> mo da�• yr mo day yr <br /> California Redevelopment .�encies — Fiscal Yeaz 2010-2DI 1 HCD-A <br /> 5ch A(Revised: ', -zz-11) Pa�e 3 of 7 <br />
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