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HomeMy WebLinkAboutResolution No. 95-R480 0 RESOLUTTONNO.99-R4R 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 LOW 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 1995-96; 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 1995-96 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 21st DAY OF August '1995. I 1, Chairman 0 0 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 21st day of Auqust 1995 by the following vote of the Board: AYES: BOARDMEMBERS: Hardison, Madrid, Naranjo, Beebe, Alexander NOES: BOARDMEMBERS: None ABSTAIN: BOARDMEMBERS: None ABSENT: BOARDMEMBERS: None 0 0 f x /:811.11IG1 LOW/MOD HOUSING PROJECTS 1995-96 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, city staff, and developer, oversee construction of low/mod housing project, and provide financial assistance. Azusa Oaks/600 N. Cerritos Avenue — Coordinate with architects, engineers, city staff, and developer, oversee construction of low/mod single family housing, and provide financial assistance. Krem Site/Affordable Housing -- Negotiate site acquisition and land preparation, coordinate with architects, engineers, developers, negotiate development agreements, oversee construction of (104) single family housing units, and provide financial assistance. 350-450 W. Foothill/Affordable Housing -- Coordinate with architects, engineers, city staff, developers, negotiate development agreements, oversee construction of single family affordable housing units, and provide financial assistance. Peregrinos De Emaus -- Coordinate with architects, engineers, city staff, L.A. County staff, and Peregrinos de Emaus staff in construction of new homeless shelter. Miscellaneous -- Pursue development of senior housing, acquisition/ rehabilitation of blighted apartments, construction of new low/mod housing units on scattered sites.