ORDINANCE NO. ____________

AN ORDINANCE OF THE CITY OF SAN JOSE aMENDING CERTAIN TIME LIMITATIONS WITH RESPECT TO THE REDEVELOPMENT PLANS FOR THE Alameda, Almaden Gateway, Alum Rock Avenue, Century Center, CIVIC PLAZA, East Santa Clara Street, Edenvale, Guadalupe-Auzerais, Japantown, Julian-Stockton, Market Gateway, MONTEREY CORRIDOR, NEIGHBORHOOD BUSINESS CLUSTERS, Olinder, Park Center, Pueblo Uno, Rincon de los Esteros, San Antonio Plaza, Story Road, STRONG NEIGHBORHOODS INITIATIVE, and West San Carlos STREET PROJECT AREAS

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 Redevelopment Agency of the City of San Jose (“Agency”) during the 2003-2004 fiscal year to make a payment for deposit in Santa Clara County’s Educational Revenue Augmentation Fund, in the amount of approximately $10 million; 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 COUNCIL OF THE CITY OF SAN JOSE:

Section 1. The redevelopment plans for The Alameda, Almaden Gateway, Alum Rock Avenue, Century Center, Civic Plaza, East Santa Clara Street, Edenvale, Guadalupe-Auzerais, Japantown, Julian-Stockton, Market Gateway, Neighborhood Business Clusters, Olinder, Park Center, Pueblo Uno, Rincon de los Esteros, San Antonio Plaza, Story Road, Strong Neighborhoods Initiative, and West San Carlos Street are hereby amended to extend by one year the time limit on the effectiveness of the plans.

Section 2. The redevelopment plans for The Alameda, Almaden Gateway, Alum Rock Avenue, Century Center, Civic Plaza, East Santa Clara Street, Edenvale, Guadalupe-Auzerais, Japantown, Julian-Stockton, Market Gateway, Neighborhood Business Clusters, Olinder, Park Center, Pueblo Uno, Rincon de los Esteros, San Antonio Plaza, Story Road, Strong Neighborhoods Initiative, and West San Carlos Street are 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 City 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 City Council and cause the same to be published once in a newspaper of general circulation, and it will take effect thirty (30) days after its final passage.

PASSED FOR PUBLICATION of title this _____ day of ___________, 2003, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
	RON GONZALES Mayor
ATTEST:
PATRICIA L. O’ HEARN City Clerk