Section 33478 Of Article 14.5. Merger Of Redevelopment Project Areas In The Cities Of Richmond And Pittsburg From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 4. >> Article 14.5.
33478
. (a) For the purpose of allocating taxes pursuant to Section
33670 and subject to the provisions of this article, redevelopment
project areas under the jurisdiction of the redevelopment agency of
the City of Richmond or the City of Pittsburg for which redevelopment
plans have been adopted pursuant to Article 5 (commencing with
Section 33360), may be merged, without regard to contiguity of such
areas, by the amendment of each affected redevelopment plan as
provided in Article 12 (commencing with Section 33450). Except as
provided in subdivision (b), taxes attributable to each project area
merged pursuant to this section which are allocated to the
redevelopment agency pursuant to Section 33670 may be allocated, as
provided in subdivision (b), to the entire merged project area for
the purpose of paying the principal of, and interest on, indebtedness
incurred by the redevelopment agency to finance or refinance, in
whole or in part, such merged redevelopment project.
(b) If the redevelopment agency has, prior to merger of
redevelopment project areas pursuant to subdivision (a), incurred any
indebtedness on account of a constituent project area so merged,
taxes attributable to that area which are allocated to the agency
pursuant to Section 33670 shall be first used to comply with the
terms of any bond resolution or other agreement pledging such taxes
from the constituent project area.
(c) In connection with any amendment which proposes merger of
redevelopment project areas pursuant to subdivision (a), the county
or any affected taxing entity may call for the creation of a fiscal
review committee as provided for in Article 4 (commencing with
Section 33330).
(d) After merger of redevelopment projects pursuant to subdivision
(a), the clerk of the legislative body shall transmit a copy of the
ordinance amending the plans for projects to be merged to the
governing body of each of the taxing agencies which levies taxes upon
any property in the project.