HomeMy WebLinkAbout357 RDA_CCv0001.pdf RESOLUTION NO, 367
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF REDL
AUTHORIZING THE USE OF LOW-AND MODERATE-INCOME HOUSING
FUNDS OUTSIDE THE REDLANDS PROJECT AREA.
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 allocate set-aside funds
for the rehabilitation of housing units in Redlands; and
WHEREAS, the Agency has determined that the use oflow-and moderate-income housing
funds from the Redlands Redevelopment Project Area for the purchase of housing units 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,
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE
REDEVELOPMENT AGENCY OF THE CITY OF REDL AS FOLLOWS:
Section 1, The Agency hereby finds that the use of low- and moderate-income housing
funds from the Redlands Redevelopment Project Area for the purchase of the housing 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 Redevelopment
Project Area.
Section 2. This Resolution shall take effect upon adoption,
ADOPTED, SIGNED AND APPROVED this 18th day of November 2003
DEVELOP NT AGENCY OF THE
CITY OF REM S
Chairman
ATTEST:
Secret-6y