City of Long Beach - File #: 05-3177

• File #: 05-3177
• Version: 1
• Name: Port-generated Tax Increment revenue
• Type: Agenda Item
• Status: Approved
• File created: 9/8/2005
• In control: City Council
• On agenda: 9/13/2005
• Final action: 9/13/2005
• Title: Recommendation to request the Redevelopment Agency Board to consider annual use of Port-generated Tax Increment revenue in the North Project Area to pay for the Central Project Area's Housing Set Aside obligation, thus creating a capacity within the Central Project Area to make annual debt payments to the City's General Fund of $1.3 million per year.
• Indexes: Budget

Date	Ver.	Action By	Action	Result
9/13/2005	1	City Council	approve recommendation	Pass

TITLE

Recommendation to request the Redevelopment Agency Board to consider annual use of Port-generated Tax Increment revenue in the North Project Area to pay for the Central Project Area's Housing Set Aside obligation, thus creating a capacity within the Central Project Area to make annual debt payments to the City's General Fund of $1.3 million per year.

SUGGESTED ACTION

Approve recommendation.