City Officials Call Tuesday Meeting To Save Redevelopment Dollars
City officials will hold a special meeting this Tuesday in an effort to secure projects and property within Santa Clarita’s redevelopment area.
Later this week, the Democrat-led California Senate is expected to approve Gov. Jerry Brown’s spending cuts, which include the elimination of the state’s 400 redevelopment agencies.
Don't miss a thing. Get breaking news alerts delivered right to your inbox.
“We got the notice out as quickly as we could after proposed legislation hit the streets,” said City Attorney Joe Montes at the City’s Council regular meeting on March 8. “If we waited (any longer) it would be too late.”
Even if the cuts pass in the Senate, Brown still needs the support of a group of GOP Assembly members to send his proposed tax extensions to a special election in June.
At Tuesday’s meeting, the City Council members (who also comprise the Redevelopment Agency) will vote on transferring ten property entitlements and leasehold interests within the redevelopment area in downtown Newhall to the City’s control.
According to the staff report, the Council will also work out an agreement for transferring $17 million approved for the construction of the Old Town Newhall Library.
In doing so, the City hopes to secure current and future funding within the redevelopment area. If Brown’s budget were to pass, those funds would fall into the coffers of a successor agency, which is undetermined at this time.