HomeMy WebLinkAbout6222_CCv0001.pdf RESOLUTION NO. 6222
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS AUTHORIZING THE USE
AND LOW-AND MODERATE-INCOME HOUSING FUNDS OUTSIDE THE REDLANDS PROJECT AREA
FOR THE FIRST TIME HOME BUYERS PROGRAM
WHEREAS,to effectuate the provisions of the Redevelopment Plan for the Redlands Project for the
development of new and improved low-and moderate-income housing,the Redevelopment Agency of the City
of Redlands(the"Agency")proposes to reauthorize the allocation of low-and moderate-income set-aside funds
through the execution of a subordination agreement under the Agency's First Time Home Buyer's Program;and
WHEREAS,California Health and Safety Code section 33334.2(8)requires,that as a precondition to
the Agency's use of low-and moderate-income housing set-aside funds outside of the Redlands Redevelopment
Project Area,the legislative body must find and resolve that the use of such funds will be of benefit to the project
area; and
WHEREAS,the City Council has determined that the use of low-and moderate-income housing funds
from the Redlands Project Area to assist in the refinancing of affordable housing units is consistent with and in
furtherance of the Redevelopment Pian for the City of Redlands and will be of benefit to the citizens of the
community as a whole and the Redlands Redevelopment Project Area;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE CITY
COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS:
Section 1. The City Council hereby finds that the use of low-and moderate-income housing funds from
the Redlands Redevelopment Project Area to assist in the refinancing ofaffordable housing units located outside
of the project area is consistent with, and in furtherance of,the Redevelopment Plan for the City of Redlands
and will be a benefit to the community as a whole and the Redlands Redevelopment Project Area.
Section 2. This Resolution shall take effect upon adoption.
ADOPTED, SIGNED AND APPROVED this 18th day of Novem er,2003.
Mayor of the City of Redlands
ATTEST:
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Cit lerk VU
1,Lorrie Poyzer,City Clerk of the City of Redlands,hereby certify that the foregoing resolution was dulyadopted
by the City Council at a regular meeting thereof,held on the 18th day of November,2003 by the following vote:
AYES: Councilmembers Peppler, Gilbreath, George, Harrison;
Mayor Haws
NOES: None
ABSTAIN: None
ABSENT: None
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