HomeMy WebLinkAbout400 RDA_CCv0001.pdf RESOLUTION NO. 400
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS
APPROVING AND ADOPTING THE FY 2006-07
REDEVELOPMENT AGENCY ANNUAL BUDGET AND FINDING
AND DETERMINING THAT THE USE OF LOW- AND
MODERATE-INCOME HOUSING FUNDS FOR PLANNING AND
ADMINISTRATIVE EXPENSES IS NECESSARY FOR THE
PRODUCTION, IMPROVEMENT, OR PRESERVATION OF LOW-
AND MODERATE-INCOME HOUSING
WHEREAS, the California Community Redevelopment Law, specifically Section
33606 of the Health and Safety Code, states that an agency shall adopt an annual
budget containing all of the following specific information, including all activities to be
financed by the Low- and Moderator-Income Housing Fund established pursuant to
Section 33334.3:
(a) The proposed expenditures of the agency.
(b) The proposed indebtedness to be incurred by the agency.
(c) The anticipated revenues of the agency.
(d) The work program for the coming year, including goals.
(e) An examination of the previous year's achievements and a comparison of the
achievements with the goals of the previous year's work program.
WHEREAS, to effectuate the provisions of the Redevelopment Plan for the
Redlands Redevelopment Project (`Redevelopment Plan") and fulfill the intent of the
State Legislature that the Low- and Moderate-Income Housing Fund pursuant to
Section 33334.3 (d) be used to the maximum extent possible to defray the costs of
production, improvement, and preservation of low- and moderate-income housing and
that the amount of money spent for planning and general administrative activities
associated with the development, improvement, or preservation of that housing not be
disproportionate to the amount actually spent for the costs of production, improvement,
or preservation of that housing; and
WHEREAS, the Redevelopment Agency for the City of Redlands ("Agency") shall
determine annually that the planning and administrative expenses are necessary for the
production, improvement, or preservation of low- and moderate-income housing and is
consistent with and in furtherance of the Redevelopment Plan 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 REDLANDS AS FOLLOWS:
Section 1. The Agency hereby approves and adopts the FY 2006-07
Redevelopment Agency Annual Budget as presented to the City Council of the City of
Redlands at its meeting of June 13, 2006 and approved and adopted by said City
Council at its meeting of June 20, 2006, and is hereby incorporated by reference in this
resolution.
Section 2. The Agency finds and determines that the planning and
administrative costs charged to the Low- and Moderate-income Housing Fund are
necessary for the production, improvement, or preservation of low- and moderate-
income housing, as required by Section 33334.3 (d) and is consistent with, and in
furtherance of, the Redevelopment Plan and will be a benefit to the community as a
whole and the Redlands Redevelopment Project Area.
Section 3. This Resolution shall take effect upon adoption.
ADOPTED, SIGNED AND APPROVED this 5th day of July, 2006.
REDEVELOPMENT AGENCY OF THE
CITY OF REDLANDS
JorvHarrison, Chairperson
ATTEST:
Lorriq,,Poyzer, Ag
y Secretary
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 5th day of July, 2006, by the following
vote:
AYES: Members Gilbreath, Gil, Gallagher, Aguilar; Chairperson Harrison
NOES: None
ABSENT: None
ABSTAIN: None
Lorrie,Ooyzer, Ago Secretary