BREA : City Passes Rules on Redevelopment
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The City Council this week unanimously adopted an ordinance imposing deadlines on the Redevelopment Agency’s ability to establish loans, give cash advances or collect taxes to repay debts.
City officials said the ordinance is necessary in order to comply with a new state law that requires cities and redevelopment agencies to adopt deadlines in an effort to curb “real and perceived abuses.”
Brea has three redevelopment areas. They are in the downtown, north-central and northeast parts of town.
Under the new ordinance, which takes effect in April, the city may not go into debt to pay for redevelopment projects in those areas after Jan. 1, 2004.
In addition, the city will have 20 to 30 years to stop collecting taxes from businesses and residents in the redevelopment areas to repay the debts.
The ordinance “just establishes termination dates,” said Susan M. Georgino, director of redevelopment services.
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