Section 33333.14 Of Article 4. Preparation And Adoption Of Redevelopment Plans By The Agency From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 4. >> Article 4.
33333.14
. (a) The Legislature hereby finds and declares that the
Redevelopment Agency of the City of San Diego's Redevelopment Plan
for the Centre City Redevelopment Project, as approved and adopted on
May 11, 1992, by the City Council of the City of San Diego by
Ordinance No. 0-17767, as amended, contains an unrealistically low
dollar limit on the receipt of tax increment. The Legislature further
finds and declares that this limit severely restricts the ability of
the Redevelopment Agency of the City of San Diego to address
conditions of blight which remain within its Centre City
Redevelopment Project.
(b) Notwithstanding any other law to the contrary or any
redevelopment plan previously adopted by the City of San Diego,
commencing on the effective date of this section and in each fiscal
year thereafter until the expiration of the time limit on the receipt
of taxes and repayment of indebtedness set forth in the
redevelopment plan adopted by the City of San Diego for its Centre
City Redevelopment Project pursuant to subdivision (b) of Section
33333.6 and other applicable statutes, the dollar limit on the
receipt of tax increment for the Centre City Redevelopment Project is
eliminated, and the Redevelopment Agency of the City of San Diego
may receive tax increment revenue from the Centre City Redevelopment
Project without a dollar limit.