HomeMy WebLinkAboutResolution No. 7190 0
RESOLUTION NO. 719
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA FINDING THAT A SUBSTANTIAL
EFFORT IS BEING MADE TO MEET THE NEED FOR LOW
AND MODERATE INCOME HOUSING IN THE RANCH
CENTER REDEVELOPMENT PROJECT
WHEREAS, the Redevelopment Agency of the City of Azusa
("Agency") adopted the Ranch Center Redevelopment Plan on July
17, 1989 subsequent to the enactment by the Legislature of the
provisions of Section 33334.2 of the Health and Safety Code; and
WHEREAS, the Tax Increment revenues which are derived to the
Agency from said project area are subject to the provisions of
the California Health and Safety Code Section 33334.2 for low and
moderate income housing purposes; and
WHEREAS, the Agency has received and considered a staff
report dated July 2, 1990 regarding projected Tax Increment
revenues from the Ranch Center Project for fiscal 1990-91 and the
low and moderate housing set aside requirement for said Tax
Increment revenues, which is attached hereto as "Exhibit All and
incorporated herein by reference; and
WHEREAS, the above referenced staff report demonstrates that
a substantial effort is currently being made by the City and the
Agency to meet the need for low and moderate housing in the City
of Azusa and that such effort is intended to continue through
1990-91; and
WHEREAS, on June 19, 1989, the Agency adopted Resolution No.
583, which made findings that the provision of low and moderate
income housing outside the Ranch Center Redevelopment Project
Area would be of benefit to said project area; and
WHEREAS, assisted with the Federal Community Development
Block Grant program, the Agency will spend $48,000 during 1990-91
to benefit low and moderate income households throughout the City
of Azusa, and that said $48,000 will greatly exceed 20 percent of
the projected 1990-91 Tax Increment revenue generated by the
Ranch Center project, therefore, more than satifying the low and
moderate income housing provisions of Health and Safety Code
Section 33334.2.
NOW, THEREFORE, the Redevelopment Agency of the City of
Azusa does hereby resolve as follows:
Section 1. The Redevelopment Agency of the City of Azusa
finds, determines and declares that:
A. The Redevelopment Agency of the City of Azusa and the
City of Azusa are making substantial efforts to meet low and
moderate income housing needs in the community, and that this
effort, including the obligation of funds currently available for
the benefit of the community from state, local and federal
sources for low and moderate income housing alone is
substantially greater in impact to the funds otherwise required
to be set aside pursuant to California Health and Safety Code
Section 33334.2.
B. There are no present plans or plans for the foreseeable
future to displace families of very low, low or moderate income
from within or adjacent to the project area due to any cause
whatsoever.
C. Due to the large pool of already -housed unemployed and
underemployed workers in the area, the increased housing needs
that can reasonably be foreseen for low and moderate income
households because of additional employment opportunities
resulting from implementation of the Redevelopment Plan will be
minimal and can be satisfied by already existing Agency and City
programs.
Section 2. No very low, low or moderate income households
are expected to be displaced from within or adjacent to the
merged project area in 1990-91 due to redevelopment activities.
Section 3. Nothing herein shall be deemed to preclude the
Agency from using taxes set aside pursuant to the Community
Redevelopment Law, or otherwise, for meeting the low and moderate
income housing needs of the City of Azusa.
Section 4. The Secretary shall certify to the adoption of
this Resolution.
APPROVED AND ADOPTED this 2nd day of July, 1990.
Eugen F. Moses, Chairman
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Redevelopment Agency of the City of Azusa at a
regular meeting thereof held on the 2nd day of July, 1990, by the
following vote of the Agency:
AYES: DIRECTORS: DAN=IS, STEMRICH, NARWO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
SECRETARY/DEv Y SECRETARY