TITLE
Recommendation to adopt resolution electing to receive statutory pass-through payments for the former North Long Beach, Central Long Beach, Poly High, West Beach, and West Long Beach Industrial redevelopment project areas. (Citywide)
DISCUSSION
In a letter dated, April 2, 2018, the County of Los Angeles Department of the Auditor-Controller requested that the City of Long Beach (City) provide documentation of the City’s election to receive its share of the statutory pass-through payments from its former redevelopment project areas.
Statutory pass-through payments went into effect with the adoption of Assembly Bill 1290 (AB 1290) in 1993. AB 1290 required former redevelopment agencies to annually allocate 25 percent of net property tax increment revenues to the affected taxing agencies. This provision applies to project areas adopted or amended to add territory after 1993 or to project areas that eliminated the redevelopment plan’s time limit to incur debt (pursuant to Senate Bill 211 chaptered in 2001). The former redevelopment project areas subject to these payments are the North Long Beach and Central Long Beach redevelopment project areas, which were established after 1992, and the Poly High, West Beach and West Long Beach Industrial redevelopment project areas, which were amended in 2003.
Prior to redevelopment dissolution in 2012, the City’s former Redevelopment Agency calculated and distributed pass-through payments to the affected tax agencies. As such, no official action was taken by the City to elect to receive a statutory pass-through payments. With the dissolution of redevelopment, Section 34183 of the California Health and Safety Code made county auditor-controllers responsible for calculating and remitting pass-through payments to the affected taxing agencies. The Los Angeles County Auditor-Controller is now requiring documentation of the City’s formal election to receive its share (approximately 21 percent) of the statutory pass-through p...
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