HomeMy WebLinkAbout421 RDA_CCv0001.pdf RESOLUTION NO. 421
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
REDLANDS FINDING AND DETERMINING THAT THE USE OF MONIES
FROM THE LOW AND MODERATE INCOME HOUSING FUND OUTSIDE THE
BOUNDARIES OF THE PROPOSED NORTH REDLANDS REVITALIZATION
PROJECT WILL BENEFIT THE PROJECT AND AUTHORIZING THE
EXPENDITURE OF SUCH FUNDS
WHEREAS, the Redevelopment Agency of the City of Redlands (the "Agency") is a
Redevelopment Agency organized and existing under the California Community Redevelopment
Law (Health and Safety Code Section 33000, et seq.; herein, the "CCRL"); and
WHEREAS, the ordinance approving the Redevelopment Plan (the "Plan") would,
among other things, designate territory (the "Project Area") for inclusion within the North
Redlands Revitalization Project (the "Project"); and
WHEREAS, CCRL Section 33334.2 requires that not less than twenty percent (20%) of
all taxes which are allocated to the Agency pursuant to CCRL Section 33670 be used by the
Agency for purposes of increasing, improving, and preserving the community's supply of low
and moderate income housing available at an affordable housing cost and CCRL Section
33334.3 requires that all such funds be held in a separate Low and Moderate Income Housing
Fund (the "Low and Moderate Income Housing Fund") until used; and
WHEREAS, pursuant to CCRL Section 33334.2 the Legislature has declared its intent
that the Low and Moderate Income Housing Fund shall be used to improve, preserve, and
increase housing in the community available at affordable housing costs to households of
limited income; and
WHEREAS, subsection (g) of CCRL Section 33334.2 authorizes the Agency to use
monies from the Low and Moderate Income Housing Fund inside or outside the Project Area,
but the Agency may only use the funds outside the Project Area upon resolutions of the Agency
and the City Council finding that such use will be of benefit to the Project; and
WHEREAS, under said subsection (g) of CCRL Section 33334.2 the Legislature
declares that the provision of replacement housing pursuant to CCRL Section 33413 is always
of benefit to a project area; and
WHEREAS, the Agency desires by this Resolution to declare that the expenditure of
monies from the Low and Moderate Income Housing Fund outside the Project Area for
purposes authorized under the CCRL are and will be of benefit to the Project.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
REDLANDS DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The above recitals are true and correct.
Section 2. The expenditure of monies from the Low and Moderate Income Housing
Fund outside the Project Area for purposes authorized under the CCRL, are and will be of
benefit to the Project.
421 NRRP.doc
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Section 3. The Agency is authorized to expend monies from the Low and Moderate
Income Housing Fund for said authorized purposes under the CCRL.
ADOPTED, SIGNED AND APPROVED this 1st day of July, 2008.
REDEVELOPMENT AGENCY
CITY OF REDLANDS, CALIFORNIA
ATTEST:, Jo Harrison,thairman
Lorry Poyzer /S ,cr�tary
1, Lorrie Poyzer, Secretary of the Redevelopment Agency of the City of Redlands,
hereby certify that the foregoing resolution was duly adopted by the Redevelopment
Agency at a regular meeting thereof held on the 1 st day of July, 2008, by the following
vote:
AYES: Members Gilbreath, Gallagher, Aguilar, Bean; Chairperson Harrison
NOES: None
ABSENT: None
ABSTAIN: None
Lorrie,Nyzer, OSe ctaj-y
Redevelopment A'germy
421 NRRP.doc