HomeMy WebLinkAbout246 RDA_CCv0001.pdf RESOLUTION NO. 246
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS
AUTHORIZING THE USE OF LOW-AND MODERATE-INCOME HOUSING
FUNDS OUTSIDE THE REDLANDS PROJECT AREA AND APPROVING
AND AUTHORIZING EXECUTION OF REGULATORY AGREEMENT AND
DECLARATION OF RESTRICTIVE COVENANTS.
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 execute a Regulatory
Agreement and Declaration of Restrictive Covenants (the "Agreement") between the Agency and
Judith Wirtz-Gray,providing for the rehabilitation of twelve apartment units located at 209,213 and
217 Judson Street, Redlands (the "Project"); and
WHEREAS, the Agency has determined that the use of low-and moderate-income housing
funds from the Redlands Project Area for the rehabilitation of the apartment units pursuant to the
Agreement is consistent with and in furtherance of the Redevelopment Plan 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; and
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS AS FOLLOWS:
Section 1. The Agency hereby approves the Agreement by and between the Agency and
Judith Wirtz-Gray. The Agreement shall be in substantially the same form as that attached to this
Resolution and incorporated herein by reference,but with such non-material changes and revisions,
if any, as shall be recommended by Agency counsel and approved by the Executive Director.
Section 2. The Agency hereby finds that the use of low- and moderate-income housing
funds from the Redlands Redevelopment Project Area for the rehabilitation of apartment units
located outside 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 Project
Area.
Section 3. The Agency hereby authorizes and directs the Executive Director and
Secretary of the Agency to execute the Agreement and to deliver same.
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Section 4. This Resolution shall take effect upon adoption.
REDEVELOPMENT AGENCY OF THE
CITY OF REDLANDS
Vice Chairman
ATTEST:
Secreta