HomeMy WebLinkAboutCC RESO 2011-176RESOLUTION NO. 2011 — 176
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE FILING OF AN APPEAL TO ABX1 27, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS
IN SUPPORT AND FURTHERANCE OF AN APPEAL
WHEREAS, ABx1 27 requires the City to pay a remittance to the state in order to
continue the redevelopment agency (CDC); and
WHEREAS, the estimated amount of the remittance, based on the Fiscal Year
2008-2009 annual report is $4.8 Million; and
WHEREAS, California Health and Safety Code section 34194 (b)(2)(L) provides
that a city may appeal the amount of remittance billed by the California Department of Finance
on the basis that the information in the Controller's report was in error or that the percentage of
tax increment necessary to pay for tax allocations bonds and interest payments has increased
by 10 percent (10%) or more over the percentage calculated in the agency's 2008-2009 annual
report; and
WHEREAS, the Community Development Commission of the City of National
City ("CDC") issued bonds in 2011 (2011 Tax Allocation Bonds), increasing the debt service by
approximately 30 percent (30%) since FY 2008-2009; and
WHEREAS, staff believes an appeal to ABX1 27 is warranted because the
Department of Finance will be basing its calculation of the remittance due by the City on the
2008-2009 annual report, which does not include the 2011 Tax Allocation Bonds debt service.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the filing of an appeal to ABx1 27 to the California Department
of Finance regarding the amount of the remittance billed to the City of National City.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to
execute a documents in support and furtherance of the appeal.
PASSED and ADOPTED this 2nd day of August, 2011.
on Morrison, Mayor
ATTEST:
n
Michael R. Della, City Clerk
OVED O FORM:
CIva
City Attorney
Passed and adopted by the Council of the City of National City, California, on August 2,
2011 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
/r
CI k of the Ci of Y�a
City tional City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2011-176 of the City of National City, California, passed and
adopted by the Council of said City on August 2, 2011.
City Clerk of the City of National City, California
By:
Deputy