CC Ordinance No. 1931ORDINANCE NO. 1931
AN ORDINANCE OF THE CITY OF CUPEI~TINO
AMENDiNG CERTAiN TIME LIMITATIONS WITH RESPECT TO THE
REDEVELOPMENT PLANS FOR THE VALLCO PROJECT AREA
WHEREAS, Section 33681.9 of the Health and Safety Code was added by SB 1045,
which took effect on September 1, 2003, and requires the Cupertino Redevelopment Agency
("Agency") during the 2003-04 fiscal year to make a payment for deposit in Santa Clara
County's Educational Revenue Augmentation Fund, in the amount of $1,280; and
WHEREAS, Sections 33333.2 and 33333.6 of the Health and Safety Code were amended
by SB 1045 to provide that when an agency is required to make a payment pursuant to Section
33681.9, the legislative body may amend a redevelopment plan to extend by one year the time
limit of the effectiveness of the plan and the time limit to repay indebtedness or receive property
taxes.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CUPERTINO:
Seztion 1: The redevelopment plan for the Vallco Project Area is hereby amended to extend by
one year the time limit on the effectiveness of the plan.
Section 2: The redevelopment plan for the Vallco Project Area is hereby amended to extend by
one year the time limit on the repayment of indebtedness or receipt of property taxes, if
applicable, pursuant to Health and Safety Code Section 33670.
Section 3: If any part of this ordinance is held to be invalid for any reason, such decision shall
not affect the validity of the remaining portion of this ordinance, and this Council hereby
declares that it would have passed the remainder of this ordinance if such invalid portion thereof
had been deleted.
Section 4: The City Clerk will certify to the passage of this ordinance by the Council and cause
the same to published once in a newspaper of general circulation, and it will take effect thirty
(30) days after its final passage.
INTRODUCED at a regular meeting of the City Council of the City of Cupertino the 17h
day of November, 2003 and ENACTED at a regular meeting of the City Council of the City of
Cupertino the 5th day of January 2004, by the following vote:
Vote
Members of the City Council
AYES: James, Kwok, Lowenthal, Sandoval
NOES: None
ABSENT: None
ABSTAIN: Wang
ATTEST:
City Clerk
'~Mayor v ~/