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F. To participate in the AVRP, in addition to adopting the ordinance <br /> described in Recital D, above, Part 1.9 provides that the Participating City must, by <br /> November 1, 2011, notify the applicable county auditor-controller, the Controller of the <br /> State of California (the "State Controller"), and the Department of Finance of the State <br /> of California (the "Department of Finance") that the Participating City agrees to comply <br /> with the provisions of Part 1.9. The Participating City's agreement to make the <br /> remittances provided for under Part 1.9 is a precondition to continue redevelopment <br /> pursuant to Part 1.9. <br /> G. Part 1.9 provides that for fiscal year 2011-12, a Participating City shall <br /> make a remittance to the applicable county auditor-controller, in an amount determined <br /> by the Director of Finance of the State of California (the "Director of Finance") pursuant <br /> to a formula set forth in Part 1.9, based on the information contained in the State <br /> Controller's redevelopment agency 2008-09 annual report. The amount of the <br /> remittance represents the redevelopment agency's proportionate share of the sum of <br /> $1,700,000,000. The initial amount of such remittance determined by the Director of <br /> Finance is subject to recalculation and reduction if the Participating City timely files an <br /> appeal in accordance with Health and Safety Code Section 34194(b)(2)(L). <br /> H. For fiscal year 2012-13 and each fiscal year thereafter, a Participating <br /> City's remittance shall be in an amount calculated by the Participating City in <br /> accordance with the requirements of Part 1.9, subject to adjustment based on audit and <br /> verification by the Director of Finance, the State Controller and the applicable county <br /> auditor-controller. Part 1.9 provides that on or before November 1st of each year, <br /> commencing November 1, 2012, a Participating City shall notify the Department of <br /> Finance, the State Controller, and the applicable county auditor-controller of the <br /> remittance amount calculated by the Participating City. <br /> I. Pursuant to the provisions of Part 1.9, for a fiscal year, a Participating City <br /> shall pay one-half of the remittance on or before January 15 of that year and shall pay <br /> the remaining one-half of the remittance on or before May 15 of that year. <br /> J. A Participating City making remittances pursuant to Part 1.9 may use any <br /> funds available to the City and not otherwise obligated for other uses. <br /> K. Pursuant to Health and Safety Code Section 34194.2, a Participating City <br /> and the redevelopment agency in that Participating City may enter into an agreement <br /> whereby the agency will transfer a portion of its tax increment to the Participating City in <br /> an amount not to exceed the annual remittance required that year pursuant to Part 1.9. <br /> L. The City Council adopted Ordinance No. 524, on August 16, 2011, pursuant <br /> to Health and Safety Code Section 34193, to become a Participating City in the AVRP for <br /> the purpose of allowing the Agency to continue to exist and carry out the provisions of the <br /> Redevelopment Law, notwithstanding the provisions of Part 1.8 and 1.85. <br /> M. In order for the City to remain a Participating City in the AVRP, the City will <br /> be required to make a Part 1.9 remittance (the "Annual Remittance") to the Los Angeles <br />