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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT MEETING DATE: February 15, 2011 AGENDA ITEM NO. 1 ITEM TITLE: resolution approving the Preliminary Report for the Amendment to the Redevelopment Plan for the National City Redevelopment Project Area and authorizing transmittal of the Preliminary Report pursuant to Health and Safety Code Sections 33333.11(e) and 33344.5. PREPARED BY: Patricia Beard DEPARTMENT: Redevelopment Division PHONE: 42551 APPROVED BY: EXPLANATION: (The Commission is pursuing an Amendment to the Redevelopment Plan as follows: • increase the tax increment limit from $300 million to $475 million, • increase the amount of bonded indebtedness from $100 to $150 million, • increase by ten (10) years the timeframe to receive tax increment and the effectiveness of the redevelopment plan, • increase the affordable housing deposit in the Low and Moderate Income Housing Fund to no less than 30 percent, • modify the duration of affordability for residential projects affordable to low- to moderate -income households, • reinstate the time frame to commence eminent domain on certain non-residential properties within the Existing Area for twelve (12) years, and • modify Exhibit D delineating properties subject to eminent domain. FINANCIAL STATEMENT: ACCOUNT NO. Not applicable. APPROVED: APPROVED: Finance MIS ENVIRONMENTAL REVIEW: This action in not considered a project under the definition set forth in CEQA 3uidelines Section 15378; however, a CEQA analysis is being prepared for the Amendment, which will be submitted to the Commission and City Council prior to adopting the Amendment. ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: Approve and transmit the Preliminary Report to the affected taxing entities fpr the proposed Amendment. BOARD / COMMISSION RECOMMENDATION: ATTACHMENTS: Preliminary Report CITY OF NATIONAL CITY, CALIFORNIA COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT The Community Development Commission of the City of National City has undertaken proceedings to adopt an amendment to the National City Redevelopment Project Area ("Project Area"). The proposed Amendment will improve the bonding capacity of the Commission and allow the Commission to address blighting conditions that remain in the Project Area. The Amendment will positively affect the Project Area by increasing the tax increment limit by $175 million and increasing the amount of bond indebtedness by $50 million. As part of the redevelopment plan amendment process a Preliminary Report is required to be prepared pursuant to Health and Safety Code Sections 33333.11(e) and 33344.5. The Preliminary Report must also be circulated to all affected taxing entities as defined in Section 33353.2, the Department of Finance, and the Department of Housing and Community Development. The Preliminary Report informs the CDC, affected taxing agencies and other interested parties about the reasons for the Amendment. The Preliminary Report includes the information required by Health and Safety Code Sections 33333.11(e) and 33344.5 as follows: • the reasons for the amendment, • a map of the remaining blight in the Project Area, • a description of the physical and economic blighting conditions remaining in the Project Area, • a description and proposed method of financing the projects or programs proposed to eliminate the remaining blight, • an amendment to the implementation plan, and • a neighborhood impact report.