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20-0071 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 ORDINANCE NO. 20-007 AN ORDINANCE OF THE CITY OF BOYNTON BEACH, FLORIDA, ESTABLISHING A SUNSET DATE FOR THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA); PROVIDING FOR REPEAL OF ALL ORDINANCES IN CONFLICT, SEVERABILITY; AND AN EFFECTIVE DATE. WHEREAS, in September, 2014, the City Commission approved Ordinance 14-026 clarifying that the time certain for the CRA to sunset is September 30, 2044, 60 years from the date the original redevelopment plan was adopted; and WHEREAS, as a result of the 2019 legislation that amended the CRA statutes, the Sunset Date for the CRA automatically reset to September 30, 2039, unless the City of Boynton Beach approves the continued existence of the CRA beyond this date by majority vote; and WHEREAS, the City Commission finds that it is necessary to establish the sunset date to a time certain to make the Community Redevelopment Plan consistent with the Florida Statutes; and WHEREAS, the City Commission has held a public hearing after public notice in conformance with the requirements of the Act. WHEREAS, pursuant to Florida Statute 163.3755 , a community redevelopment agency in existence on October 1, 2019, shall terminate on the expiration date provided in the agency's charter on October 1, 2019, or on September 30, 2039, whichever is earlier, unless the governing body of the county or municipality that created the community redevelopment agency approves its continued existence by a majority vote of the members of the governing body; and WHEREAS, if the governing body of the county or municipality that created the community redevelopment agency does not approve its continued existence by a majority vote of the governing body members, a community redevelopment agency with outstanding bonds as of October 1, 2019, that do not mature until after the termination date of the agency or September 30, 2039, whichever is earlier, remains in existence until the date the bonds mature; and WHEREAS, a community redevelopment agency operating under this subsection on or after September 30, 2039, may not extend the maturity date of any outstanding bonds. The county or municipality that created the community redevelopment agency must issue a new finding of necessity limited to timely meeting the remaining bond obligations of the community redevelopment agency; and SACM0rdinances\Re-Adapting CRA Sunset - Ordinance.Docx 1 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65. 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA THAT: Section 1: The WHEREAS clauses set forth above are adopted herein as findings of fact. Section 2: This Ordinance establishes a sunset date for the CRA of September 30, 2044, Section 3: This Ordinance amending the sunset date of the Community Redevelopment Plan conforms to Section 163.361, Florida Statutes, as amended. Section 4: All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 5: Should any section or provision of this ordinance or any portion hereof, any paragraph, sentence or word be declared by a court of competent jurisdiction to be invalid, such decision shall not affect the remainder of this ordinance. Section 6: This Ordinance shall take effect immediately upon passage. FIRST READING this day of MA" 2020. SECOND, FINAL READING AND PASSAGE this , 2020. CITY OF BOYNTON BEACH, FLORIDA Mayor — Steven B. Grant Vice Mayor—Ty Penserga Commissioner — Justin Katz Commissioner — Christina L. Romelus Commissioner —Woodrow L. Hay ATTEST: Cof stal Gibson, MMC City Clerk •`.`., 1920 (Corporate Seal) S:\CA\Ordinances\Re-Adopting CRA Sunset' Ordiiyacer'D xN • _ = VOTE c2l st day of YES NO