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Resolution 2471 RESOLUTION NO. 2471 1 ....... 2 3 4 5 ake 6 nd, 7 A RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTH TAHOE PUBLIC UTILITY DISTRICT PROVIDING FOR ADDITIONAL TAX ALLOCATION TO THE SOUTH TAHOE PUBLIC UTILITY DISTRICT FROM THE SOUTH LAKE TAHOE REDEVELOPMENT PROJECT WHEREAS, the Redevelopment Agency of the City of South Tahoe is proposing a redevelopment project within the City; WHEREAS, the proposed redevelopment plan will reduce the 8 mount of property taxes available to the South Tahoe Public 9 tility District ("the District") from the redevelopment project 10 rea during the time necessary to repay indebtedness created by II redevelopment while increasing the demands upon utility services 12 and related costs provided to the redevelopment project area by 13 the District; and, "-" 14 WHEREAS, negotiations to adjust the financial hardships 15 be imposed upon the District by the proposed redevelop- 16 project pursuant to Health and Safety Code Section 33401 17 not proceeded to a point sufficient to consummate a contract 18 adequately adjusts those hardships. 19 NOW, THEREFORE, BE IT HEREBY RESOLVED as follows: 20 1. Pursuant to Health and Safety Code Section 33676, the 21 South Tahoe Public Utility District hereby elects to be allocated, 22 in addition to the portion of taxes allocated to the District 23 pursuant to subdivision (a) of Section 33670 of the Health and 24 Safety Code, all of the tax revenues allocated to the City of 25 South Lake Tahoe Redevelopment Agency pursuant to subdivision, 26 (b) of Section 33670 attributable to the following: , 27 a. Increases in the rate of tax imposed for the benefit 28 of the District which levy occurs after the tax year in which the ....... ~ ~ Resolution No. 2471 Page Two 1 ordinance adopting the redevelopment plan becomes effective. 2 b. Increases in the assessed value of the taxable 3 property in the redevelopment project area, as the assessed value 4 is established by the assessment roll last equalized prior to the 5 effective date of the ordinance adopting the redevelopment plan 6 pursuant to subdivision (a) of Section 33670, which are, or other- 7 wise would be, calculated annually pursuant to subdivision (f) of 8 Section 110.1 of the Revenue and Taxation Code. 9 2. This resolution shall be transmitted to the City of South 10 Lake Tahoe, the Redevelopment Agency for the City of South Lake 11 Tahoe, the Auditor-Controller of El Dorado County and the Tax 12 Collector of the County of El Dorado pursuant to Health and 13 Safety Code Section 33676(b). 14 3. The District hereby reserves its right to elect hereafter 15 not to receive all or any portion of the aforesaid additional 16 allocation of taxes in the event that other adequate provision is 17 made to alleviate the hardship which will be created by the 18 proposed redevelopment plan. 19 PASSED AND ADOPTED BY THE Board of Directors of the 20 South Tahoe Public Utility District at its duly held regular 21 meeting on the 4th day of August, 1988, by the following vote: 22 23 24 25 26 AYES: NOES: ABSENT: Directors Jones, Olson, Mason, Walker, Sinclair None None ~~ ROBERT MASON, CHAIRMAN OF THE BOARD SOUTH TAHOE PUBLIC UTILITY DISTRICT 27 /l I ~.,t _ / ::~) /~ -/j// ATTEST. f -- (.,.~ ; ~ I '" '.1--,/'''1 /"'J." .?4 28 . PAf 'k.'- MAr-lATH,' cLERK' c;i -TilE BOARD SOUTH TAHOE PUBLIC UTILITY DISTRICT SOUTH TAHOE PUBLIC UTILITY DISTRICT CHAIRMAN ROBERT MASON Sewer. 1950. Water A PUBLIC AGENCY DIRECTORS WALTER "NEAL' OLSON JAMES R JONES NOEL B WALKER NAT SINCLAIR PO. Box 70542 . South Lake Tahoe, California 95705 . Phone (916) 544-6474 1275 Meadow Crest Drive August 8, 1988 Mayor Trupp and Councilmembers P.O. Box 1210 South Lake Tahoe, CA 95705 Subject: Redevelopment Tax Increment Resolution Dear Mayor and City Council: On behalf of the South Tahoe PUD Board of Directors let me congratulate the City and the Redevelopment Agency on the adoption of the Redevelopment Plan. We recognize that the effort was a maj or one undertaken for the betterment of our community and is the product of a lot of hard work. At our August 4th Board Meeting we adopted the enclosed Resolu- tion No. 2471. The Resolution opts to take the statutory '--' election of "pass through" tax increment in the same manner as El Dorado County. While the District would have preferred to have been able to finalize an agreement with the Agency, we did not wish to impede your progress at the regional agency level by diverting your resources at this critical time on issues that needs to be thoughtfully and comprehensively resolved. That preference is reflected in the resolution so that, at the appropriate time, hopefully the contemplated agreement can be finalized. A major issue which needs to be resolved is the transfer of sewer units within the redevelopment area. To the extent that it has been discussed to date between the staffs of the City/Agency and the District we appear to be in conceptual agreement. As part of the redevelopment program, the project proponents understand and agree that they bear the infra- structure costs of the net impact upon the utility system which results from implementation of their projects. The difficulty in this area is identifying the necessary areas requiring additional infrastructure expenditures and, in turn, ascertaining the appropriate sums. Agency and District staffs have agreed, subject to the approval of the policy boards, that they will at the earliest opportun- ity, meet with the engineering and technical consultants for the project proponents and review the actual and projected sewer ''''' Mayor Trupp and Councilmembers August 8, 1988 Page Two '-" flows and system impacts of the projects. We will further review the general criteria upon which the acquisition of units will be based so that a reasonable estimate of sewer and system impacts from the transfer can be established. Following these technical meetings we should be able to return to both boards with a cost range which is justifiable and will not delay the implementation of the Redevelopment Plan. There has also been some discussion of the issue of sewer connection transfers generally. The proposed ordinance is of general application but explicitly does not apply to redevelop- ment [Section VI]. Only our approach on each of these matters is the same: that any proposed project should pay an amount equal to its impact on the system. However, the providing the measured. A continue to be difficult question is, what are the impacts of service and how can those impacts reasonably be number of alternatives have been discussed and pursued. .'-r The Board at its last meeting in response to the request of Keith Klein did not take action on the proposed amended ordinance and directed staff to further study the matter. We are continuing to evaluate the fairest and most practical approach to this problem. Your representative to the Board will be kept informed and is welcome to be involved in these continuing discussions. Thank you for your interest in this matter. questions, plese contact us at anytime. If there are any Sincerely, "- )~~~ Robert Mason, Chairman Board of Directors Enclosure '"' SOUTH TAHOE PUBLIC UTILITY DISTRICT CHAIRMAN ROBERT MASON Sewer. 1950. Weter A PUBLIC AGENCY DIRECTORS WALTER "NEAL"OLSON JAMES R. JONES NOELB WALKER NAT SINCLAIR P.O. Box 70542 . South Lake Tahoe, California 95705 . Phone (916) 544-6474 1275 Meadow Crest Drive August 9, 1988 Mr. Kerry Miller City Manager City of South Lake Tahoe P.O. Box 1210 South Lake Tahoe, CA 95705 Subject: Tax Increment Allocation City Redevelopment Agency Dear Mr. Miller: '-- I have enclosed a copy of Resolution 2471 adopted by our Board of Directors on August 4, 1988. It addresses the provision for additional tax allocation to the utility district from the So. Lake Tahoe Redevelopment project. Sincerely, yJ~ c:l ,~~l-d ,- Pat A. Mamath Clerk of Board Enclosure ...... SOUTH TAHOE PUBLIC UTILITY DISTRICT CHAIRMAN ROBERT MASON Sewe, . 1950 . Wete, A PUBLIC AGENCY DIRECTORS WALTER "NEAL" OLSON JAMES R. JONES NOEL B WALKER NATSINCLAIR P.O. Box 70542 . South Lake Tahoe, California 95705 . Phone (916) 544-6474 1275 Meadow Crest Drive August 9, 1988 Mr. Terry Trupp, Chairman Redevelopment Agency City of South Lake Tahoe P.O. Box 1210 So. Lake Tahoe, CA 95705 Subject: Tax Increment Allocation Dear Mr. Trupp: "-' I have enclosed a copy of Resolution 2471 adopted by our Board of Directors on August 4, 1988. It addresses the provision for additional tax allocation to the utility district from the So. Lake Tahoe Redevelopment project. Sincerely, . /) -.i- I //;},,/7 ,___~; /--(l--L C/;~ // C '::!.r-;;?'1~,,/.':1 Pat A. Mamath Clerk of Board Enclosure '- SOUTH TAHOE PUBLIC UTILITY DISTRICT CHAIRMAN ROBERT MASON Sewer. 1950. Water A PUBLIC AGENCY DIRECTORS WALTER "NEAL" OLSON JAMES R. JONES NOEL B WALKER NAT SINCLAIR P.O. Box 70542 . South Lake Tahoe, California 95705 . Phone (916) 544-6474 1275 Meadow Crest Drive DT: August 9, 1988 TO: Auditor-Controller and Tax Collector El Dorado County FR: Pat Mamath Clerk of Board RE: RESOLUTION NO. 2471 ******************************************************* I have enclosed a copy of Resolution No. 2471 providing for additional tax allocation to the South Tahoe Public Utility District from the South Lake Tahoe Redevelopment project. ...... If you need additional information regarding this mat- ter, please contact our Finance Officer, Barrie Fischer. cc: Barrie Fischer "