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RESOLUTION NO. 629 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE RECEIVING THE PRELIMINARY PLAN FOR THE PROPOSED MAGNOLIA CENTER REDEVELOPMENT PROJECT; ESTABLISHING THE BASE YEAR ASSESSMENT ROLL FOR THE PROPOSED PROJECT; AUTHORIZING THE TRANSMITTAL OF A MAP, BOUNDARY DESCRIPTION, AND A STATEMENT TO TAXING OFFICIALS AND AGENCIES; AND AUTHORIZING PAYMENT OF A FILING FEE TO THE STATE BOARD OF EQUALIZATION WHEREAS, the Redevelopment Agency of the City of Riverside is proposing to create the Magnolia Center Redevelopment Project; and, WHEREAS, the Planning Commission of the City of Riverside was directed by the Riverside City Council to select the boundaries of the Project Area from within the Survey Area designated by the City Council, and to formulate the Preliminary Plan for the redevelopment of the Project Area selected; and, WHEREAS, on November 6, 1997, the Planning Commission, in cooperation with the Redevelopment Agency and the City Council, designated the boundaries of the Project Area and adopted the Preliminary Plan for the redevelopment of said Project Area; and, WHEREAS, Section 33327 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) provides that the Agency shall transmit to certain taxing officials and agencies, and the State Board of Equalization, a map and description of the boundaries of the Project Area selected by the Planning Commission, together with a statement that a plan for the redevelopment of the area is being prepared; and, WHEREAS, Section 33328 of the Community Redevelopment Law requires the Agency to advise such taxing officials and agencies of the base year assessment roll the Agency proposes to use for the allocation of taxes pursuant to Section 33670 of the Community Redevelopment Law. NOW, THEREFORE, IT IS HEREBY RESOLVED by the Riverside Redevelopment Agency as follows: SECTION 1: The Prehminery Plan for the proposed Magnolia Center Redevelopment Project Area, as formulated by the Planning Commission of the City of Riverside, and as attached hereto as Exhibit "A", is hereby received. SECTION 2: The assessment roll last equalized on August 20, 1997, is the assessment roll the Agency proposes to use for the allocation of taxes to the Magnolia Center Redevelopment Project.