Section 33492.85 Of Article 5. March Joint Powers Redevelopment Agency From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 4.5. >> Article 5.
33492.85
. (a) A redevelopment plan for March Air Force Base,
adopted pursuant to this chapter and containing the provisions set
forth in Section 33670, shall contain all of the following
limitations:
(1) (A) A time limit on the establishing of loans, advances, and
indebtedness to be paid with the proceeds of property taxes received
pursuant to Section 33670 to finance in whole or in part the
redevelopment project, which may not exceed 20 years from the date
the county auditor certifies pursuant to Section 33492.9, except by
amendment of the redevelopment plan as authorized by subparagraph
(B). The loans, advances, or indebtedness may be repaid over a period
of time longer than the time limit as provided in this section. No
loans, advances, or indebtedness to be repaid from the allocation of
taxes shall be established or incurred by the agency beyond this time
limitation.
(B) The time limitation established by subparagraph (A) may be
extended only by amendment of the redevelopment plan after the agency
finds, based on substantial evidence, that (i) substantial blight
remains within the project area; (ii) this blight cannot be
eliminated without the establishment of additional debt; and (iii)
the elimination of blight cannot reasonably be accomplished by
private enterprise acting alone or by the legislative body's use of
financing alternatives other than tax increment financing. However,
this amended time limitation may not exceed 30 years from the date
the county auditor certifies pursuant to Section 33492.9.
(2) A time limit, not to exceed 30 years from the date the county
auditor certifies pursuant to Section 33492.9, on the effectiveness
of the redevelopment plan. After the time limit on the effectiveness
of the redevelopment plan, the agency shall have no authority to act
pursuant to the redevelopment plan except to pay previously incurred
indebtedness and enforce existing covenants or contracts.
(3) A time limit, not to exceed 45 years from the date the county
auditor certifies pursuant to Section 33492.9, to repay indebtedness
with the proceeds of property taxes received pursuant to Section
33670. After the time limit established pursuant to this paragraph,
an agency may not receive property taxes pursuant to Section 33670.
(b) (1) A redevelopment plan, adopted pursuant to this chapter,
that does not contain the provisions set forth in Section 33670 shall
contain the limitations in paragraph (2).
(2) A time limit, not to exceed 12 years from the date the county
auditor certifies pursuant to Section 33492.9, for commencement of
eminent domain proceedings to acquire property within the project
area. This time limitation may be extended only by amendment of the
redevelopment plan.