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Res 82 9192
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Res 82 9192
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Last modified
3/27/2012 5:20:11 PM
Creation date
3/27/2012 5:17:22 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
8/23/1982
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` A .djm /08/89 (040/#41) <br />personal property; nor <br />( Proceeds from the sale of bonds or loan <br />agreements; nor <br />Revenues received by the Agency as a result of <br />taxes levied by any affected taxing agency to retire <br />voter - approved indebtedness; nor <br />7 Sales taxes collected by the Agency pursuant to <br />Section 7200 et seq. of the Revenue and Taxation Code. <br />Total Poiect Area - Means that territory comprised of the <br />Existing Project Area and the Amendment Area, <br />lication of A rent. The Agency and the District <br />,intend that this Agreement shall pertain to and control the <br />allocation and payment of Tax Increment from only the Amendment <br />Area, and that the Tax Increment from the Existing Project Area <br />shall continue to be allocated and paid to the Agency in <br />accordance with section b of the Health & Safety Code. <br />Payip nts to District The Tax Increment from the <br />Amendment Area that would otherwise be allocated and paid to the <br />District but for the provision of tax increment financing in the <br />Second Amendment, less such amount as the Agency is required to <br />deposit in the Housing Fund as described in section 5. of this <br />Agreement, shall be allocated and paid fifty percent (50%) to the <br />Agency and fifty percent to the District. <br />In consideration of the payments that the District will <br />receive under this section, the District agrees to waive, and by <br />executing this Agreement does waive any right to make the <br />
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