HomeMy WebLinkAboutResolution No. 7430
RESOLUTION NO.
743
E
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 MERGED
CENTRAL BUSINESS DISTRICT AND WEST END
REDEVELOPMENT PROJECTS.
WHEREAS, the Redevelopment Agency of the City of Azusa
("Agency") adopted the Central Business District Redevelopment
Plan in 1978; the West End Redevelopment Plan in 1983; and merged
both Redevelopment Plans in 1988 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 merged 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 October 1, 1990 regarding projected tax increment
revenues from the merged project area 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 income housing in
the City of Azusa and that such effort is expected to continue
through 1990-91; and
WHEREAS, the Agency has adopted separate resolutions for
each of the merged project areas, making findings that the
provision of low and moderate income housing outside the project
areas would be of benefit to said project areas; and
WHEREAS, assisted by the Federal Community Development Block
Grant (CDBG) program, the Agency will expend $223,307 during
1990-91 on a housing rehabilitation program to benefit low and
moderate income households throughout the City of Azusa, and an
additional $4,800 on the Handyman Program; and
WHEREAS, the $229,107 in CDBG funds that will be used to
fund the housing rehabilitation and Handyman programs may be used
to offset a portion of the tax increment monies from the merged
project area that must be set aside to satisfy the low and
moderate income housing provisions of Section 33334.2 of the
Health and Safety Code; and
WHEREAS, the Agency previously found that $40,760 used to
fund the Handyman Program may be used to offset the low/mod
housing set aside requirement in the merged project area for
1990-91, the additional offset of $228,107 approved by this
Resolution will result in a required 1990-91 low/mod housing set
aside in the merged project area of $60,873 in tax increment
funds.
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 the low and
moderate income housing needs of 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 is sufficient to
partially offset, in the amount of $228,107, the funds otherwise
required to be set aside pursuant to California Health and Safety
Code Section 33334.2.
B. 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
this Resolution.
APPROVED AND ADOPTED this 1st day of October, 1990.
ZIJ
. - +-F. Mos-e�",'
adoption of
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 1st day of October, 1990, by
the following vote of the Agency:
AYES: DIRECTORS: DANGLEIS, STEMRICH, NARANJO, ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
Adolph S s, Secretary