Res 25-86 RESOLUTION NO. 25-86
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH, FLORIDA, ESTABLISHING 1985 AS THE BASE
YEAR FOR THE COMMUNITY REDEVELOPMENT AGENCY'S TAX
INCREMENT DISTRICT; SERVING NOTICE OF THE INTENT TO
ESTABLISH A REDEVELOPMENT TRUST FUND.
WHEREAS, the City Council of the City of Delray Beach,
Florida, did adopt Resolution No. 32-85 on the 14th day of May 1985
declaring certain areas of the City as slum or blighted as defined in
Chapter 163, Part III, Florida Statutes; declaring a need for the
rehabilitation of such areas; and finding a need for a Community
Redevelopment Agency; and,
WHEREAS, the City Council of the City of Delray Beach, Florida
did adopt Ordinance No. 46-85 on the 18th day of June, 1985 creating the
Community Redevelopment Agency and requiring the Agency to prepare or
cause to prepare a community redevelopment plan as described in Section
163.360, Florida Statutes for the purpose of eliminating such conditions
as may exist in the area declared slum or blighted; and,
WHEREAS, the Community Redevelopment Agency has met with the
Palm Beach County Property Appraiser for the purpose of identifying the
boundaries and properties that exist within the area determined to be
slum or blighted for the purpose of establishing a tax increment
redevelopment trust fund as described in Section 163. 387, Florida
-Statutes.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Se=tion,.~l. That the base year for the purpose of calculating
tax increment revenues shall be 1985 as corresponds to the date of
adoption of Resolution 32-85.
~u~. That the year of implementations for the purpose
of receiving tax increment funds shall be 1986 provided that the Council
shall adopt an ordinance creating the Redevelopment Trust Fund prior to
December 31 of that year.
~. That this resolution shall become effective
immediately upon its passage.
PASSED AND ADOPTED in regular session on this the .22nd., day
of ~.~._~.~. ,, , 1986.
MAYOR
ATTEST: