HomeMy WebLinkAboutResolution No. 94-R390 0
RESOLUTION NO. 94-R39
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE CITY OF AZUSA REDEVELOPMENT AGENCY
MAKING A FINDING THAT THE PLANNING AND
ADMINISTRATIVE EXPENSES TO BE FUNDED FROM
THE LOW AND MODERATE INCOME HOUSING FUND
ARE NECESSARY FOR THE PRODUCTION,
IMPROVEMENT OR PRESERVATION OF THE
COMMUNITY'S SUPPLY OF IOW AND MODERATE
INCOME HOUSING.
Whereas, the Redevelopment Agency of the City of Azusa is authorized by Section
33334.3 of the Health and Safety Code to use a portion of its low and moderate income
housing funds to pay for planning and general administrative costs which are directly
related to the provision of housing assistance in accord with Section 33334.2 of the Health
and Safety Code; and
Whereas, the Agency has engaged in a number of projects consistent with said
Section 33334.2 to either rehabilitate or construct new low and moderate income housing
and the Agency reasonably expects to continue such activity in accord with the proposed
budget for 1994-95; and
Whereas, the Agency expects to expend considerable staff time and resources to
carry out the projects and programs listed in Exhibit A attached hereto; and
Whereas, Section 33334.3 requires the Agency to make an annual finding that the
planning and administrative expenses are reasonable given the expected level of activity
for low and moderate income housing projects;
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the
Redevelopment Agency of the City of Azusa:
Section 1. Pursuant to the requirements of Section 33334.2 of the Health and Safety
Code, the Board hereby finds and determines that the reasonable allocation of Agency staff
expenses directly related to the production, rehabilitation, or preservation of low and
moderate income housing in accord with Exhibit A attached is as follows:
For Fiscal Year 1994-95 40% of Administrative Costs
Section 2. The Agency asserts that, in the event of substantial changes in project
activity, it will reevaluate the allocations and only assess the low and moderate income
housing fund for that portion of administrative expenses which are reasonably related to
the purposes allowable under law.
Section 3. The Agency Secretary shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED THIS 18th DAY OF July 1994.
Chairman
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I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Board of
Directors of the Redevelopment Agency of the City of Azusa, at a regular meeting thereof,
held on the 18th day of ,jm .,, 1994 by the following vote of the Board:
AYES: BOARDMEMBERS: Hardison, Vadrid, Beebe, Naranjo
NOES: BOARDMEMBERS: Alexander
ABSTAIN: BOARDMEMBERS: None
ABSENT: BOARDMEMBERS: None
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ecreta
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EXHIBIT A
LOW/MOD HOUSING PROJECTS
1994-95
Housing Rehabilitation/HOME Programs -- Oversee implementation of housing
rehabilitation programs, including monitoring consultants, meeting with homeowners,
and contractors, processing demands for payment and preparing compliance data.
CBD -1 (Harlan Lee) Site -- Coordinate with architects, engineers, developers, negotiate
development agreements, oversee construction of low/mod housing project, and provide
financial assistance.
Balboa Apartments -- Coordinate with architects, engineers, developers, negotiate
development agreements, oversee construction of low/mod single family housing, and
provide financial assistance.
Sixth and Alameda -- Coordinate with architects, engineers, developers, negotiate
development agreements, oversee construction of (4) single family low/mod housing
units, and provide financial assistance.
Ninth and Azusa -- Coordinate with architects, engineers, developers, negotiate
development agreements, oversee construction of (3) single family low/mod housing
units, and provide financial assistance.
CHFA First -Time Homebuyer's Progam -- Administration for the state's first-time home
ownership program available to eligible Azusa residents.
Peregrinos De Emaus -- Acquire homeless shelter site, demolish improvements due to
code violations, and offer assistance in construction of new shelter.
Miscellaneous -- Pursue development of senior housing, acquisition/ rehabilitation of
blighted apartments, construct new low/mod units on scattered sites.