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HomeMy WebLinkAboutPreliminary ReportNational City Redevelopment Project Area DRAFT Textual Amendment to the Redevelopment Plan Adopted: Ordinance No.: RedevelopmentAgency of the City of National City TEXTUAL AMENDMENT to the REDEVELOPMENT PLAN for the NATIONAL CITY REDEVELOPMENT PROJECT AREA INTRODUCTION This Amendment to the Redevelopment Plan for the National City Redevelopment Project Area ("Amendment") accomplishes the following changes in the Existing Area: • increase the annual 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 by ten (10) years the effectiveness of the redevelopment plan, • 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 properties within the Existing Area for non-residential properties for twelve (12) years from the date of adoption of the ordinance approving the Amendment, and • modify Exhibit D delineating properties subject to eminent domain. The Amendment will enable the Agency to retain all tools available to the Agency in implementing the Redevelopment Plan. The changes by this Amendment are not to be construed to amend, modify, change or affect in any other provisions the text of the Plan and does not add or delete territory from the boundaries of the National City Redevelopment Project Area. The Plan is hereby amended as follows: 1 AMENDMENT to the REDEVELOPMENT PLAN for the NATIONAL CITY REDEVELOPMENT PROJECT AREA AMENDMENT That Section 603 of the Redevelopment Plan entitled "Acquisition of Real Property" is hereby amended to modify the 4th paragraph to read as follows (Changes are in redline and strikethrough): Except as otherwise provided herein, or otherwise provided by law, no eminent domain proceeding to acquire property within the Project Area shall be commenced within the Center City Area, the Downtown Original Area, the Downtown 1985 Amendment Area, and the Added Area after ten (10) twelve (12) years following the date of adoption of the 2007 2011 Ordinance amending this Plan. Such time limitation may be extended only by amendment of this Plan. That Section 637 of the Redevelopment Plan entitled "Increased and Improved Supply" is hereby amended to modify the 1St sentence of the 1St paragraph to read as follows (Change is in redline and strikethrough): "Except as otherwise permitted by law, not less than twenty thirty percent (20 30%) of all taxes which are allocated to the CDC pursuant to subdivision (b) of Section 33670..." That Section 638 of the Redevelopment Plan entitled "Duration of Affordability" is hereby amended to modify the 2nd and 31-d paragraphs to read as follows (Changes are in redline and strikethrough): "a. Fifteen Fifty -Five years for rental units. However, the CDC ..." "b. Ten Forty -Five years for owner -occupied units. However, the CDC may permit sales of owner -occupied units prior to the expiration of the 4-0 45-year period for a price in excess of that ..." That Section 802 of the Redevelopment Plan entitled "Tax Increment Revenue" is hereby amended to modify the 7th, 8t1', 9th, 10tl', lltl', 12th and 13th paragraphs to read as follows (Changes are in redline and strikethrough): "The number of dollars of taxes which may be divided and allocated to the CDC pursuant to Section 33670 of the Redevelopment Law, inclusive of payments to taxing agencies, shall not exceed $200 475 million, ...." 2 "With respect to the E.J. Christmanl Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after November 18, 2019 December 18, 2030. These limitations ..." "With respect to the South Bay Town and Country Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after June 24, 2025 July 25, 2036. These limitations ..." "With respect to the Center City Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after April 13, 2026 May 13, 2037. These limitations ..." "With respect to the E.J, Christman2 Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after December 13, 2027 January 13, 2039. These limitations ..." "With respect to the Downtown Original Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after December 1, 2031 January 1, 2042. These limitations ..." "With respect to the Downtown 1985 Amendment Area, notwithstanding any other provision of this Plan,... the CDC shall not pay indebtedness with the proceeds of property taxes received pursuant to Heath and Safety Code Section 33670 or receive property taxes pursuant to Health and Safety Code Section 33670 after April 16, 2035 May 16, 2046. These limitations ..." That Section 803 of the Redevelopment Plan entitled "CDC Bonds" is hereby amended to modify the 4th paragraph to read as follows (Changes are in redline and strikethrough): The amount of bonded indebtedness, to be repaid in whole or in part from the allocation of taxes pursuant to Section 33670 of the Redevelopment Law, which can be outstanding at one time shall not exceed $100.0 150.0 million, except by amendment to this Plan. 3 That Section 1100 of the Redevelopment Plan entitled "Duration of Plan" is hereby amended to modify the 1st, 2nd, 3ni, 4tn, 5th and 6th paragraphs to read as follows (Changes are in redline and strikethrough): "With respect to the E.J. Christmanl Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on November 18, 2009 December 18, 2020. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." "With respect to the South Bay Town and Country Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on June 21, 2015 July 25, 2026. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." "With respect to the Center City Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on April 13, 2016 May 13, 2027. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." "With respect to the E.J. Christman2 Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on December 13, 2017 January 13, 2029. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." "With respect to the Downtown Original Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on December 1, 2021 January 1, 2032. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." "With respect to the Downtown 1985 Amendment Area, except for the nondiscrimination and nonsegregation provisions which shall run in perpetuity, the provisions of this Plan shall expire on April 16, 2025 May 16, 2036. After this time limit, the Agency shall have no authority to act pursuant to this Plan except..." That Exhibit D of the Redevelopment Plan entitled "Location of Real Property Potentially Subject to Acquisition by Eminent Domain" is hereby amended to add 1st and 2nd bullet points as follows: Existing Area (as defined in Section 300 of this Plan) • All parcels located between Highland Avenue and Interstate 805 on the north and south sides of Plaza Boulevard as indicated on the attached map. 4 • All parcels located between East 18th Street on the north Interstate 805 on the east, Highway 54 on the south, and "N" & Palm Avenues on the east as indicated on the attached map. • All parcels located immediately east and adjacent to National City Boulevard, between... 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