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Measure W Redevelopment Plan City of Lodi Referendum - 55% Approval Required Fail: 3969 / 45.9% Yes votes ...... 4679 / 54.1% No votes
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Index of all Measures |
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Information shown below: Yes/No Meaning | Official Information | Impartial Analysis | | ||||||
Shall Ordinance No. 1812 entitled, "An Ordinance of the City Council of the City of Lodi Approving and Adopting the Redevelopment Plan for the Lodi Community Improvement Project," be adopted?
The Lodi Community Improvement Project establishes a redevelopment project area roughly bounded by Guild Avenue, Kettleman Lane, Sacramento Street and Turner Road with westward extentions along the Lockeford Street, Lodi Avenue and Kettleman Lane corridors (the Project Area). The Lodi Community Improvement Project would be governed by the City Council, acting as a Redevelopment Agency. The Agency would have no power to levy new taxes or increase existing taxes. Instead, the Agency would finance redevelopment projects with tax increment revenues. Tax increment is the amount of property taxes paid on any increase in property values after the adoption of the Redevelopment Plan. This tax increment will be collected whether or not Measure W passes. However, the tax increment would be allocated to other taxing agencies, such as the State and County, if not used by the Agency to redevelop the Project Area. The Agency would also have no power to condemn property through the use of eminent domain. If passed, the tax increment from Measure W could only be spent on projects that are linked to the elimination of blight, such as repairing infrastructure and rehabilitating commercial and housing stock. However, it cannot be spent on operations or maintenance. The Agency would also be required to file an annual independent financial audit, including an opinion regarding compliance with all laws with the City Council, State Controller and State Department of Housing and Community Development.
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News and Analysis Stockton Record
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