BLIGHT ZONE MAY GROW.Byline: Cecilia Chan Staff Writer SIMI VALLEY Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. - City officials want to declare 257 acres along Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Avenue and Tapo Canyon blighted and add them to a redevelopment project area in an effort to revitalize re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. commercial districts and increase the city tax base. Property owners can discuss the proposed annexation at meetings scheduled for 9:30 a.m and 7 p.m. May 9 at Simi Valley City Hall. The City Council will hold a public hearing on the issue May 14 and is expected to take final action in June. ``The goal is to encourage property-owner investment and bring up the aesthetics of the area, which everyone would benefit from,'' city Economic Development Director Brian Gabler said. ``The process is very invisible to property owners. There's no change in the taxes, no change in zoning, no change in any requirement on property owners or businesses,'' he said. Simi SIMI Sea Ice Mechanics Initiative SIMI Search for Intelligent Monkeys on the Internet SIMI Students Islamic Movement in India SIMI Society of Irish Motor Industry SIMI Smallholder Irrigation Markets Initiative Valley's redevelopment zone, called the Merged West End and Tapo Canyon Community Development Project area, has grown to 1,800 acres since it was established in 1980, Gabler said. The city's redevelopment agency can invest in projects within areas that the council declares blighted and in need of rehabilitation rehabilitation: see physical therapy. . If Simi Valley adds the three proposed areas, including more than 1,000 businesses, officials plan to provide public improvements, such as sewers, storm drains and street upgrades, to stimulate development and rehabilitation. While tax rates do not change on older development in the zone, the bulk of increased revenue from new development, which government officials call a tax increment To add a number to another number. Incrementing a counter means adding 1 to its current value. , goes to the city's Community Development Agency and is funneled back into the project area. City officials also hope to create more jobs and generate more sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. revenue by revitalizing older commercial areas. Gabler said there are older commercial projects that fail to meet city standards and undeveloped areas in the 257 acres. |
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