HomeMy WebLinkAboutResolution No. 97-R37RESOLUTION NO. 97—R37
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 arc 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 1997-98; and
WHEREAS, the Agency expects to expend considerable staff time and resources to cam_' 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 1997-98: 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.
DOPTED THIS 4th DAY OF August 1997.
1 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 4th day of
August , 1997 by the following vote of the Board:
AYES: BOARDMEMBERS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES: BOARDMEMBERS: NONE
ABSTAIN: BOARDNIEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
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EXHIBIT A
LOW/MOD HOUSING PROJECTS
1997-98
Housing Rehabilitation/HOME Programs -- Oversee implementation of housing rehabilitation programs,
including but not limited to monitoring consultants, meeting with homeowners and contractors, processing
demands for payment and preparing compliance data.
Low -to -Moderate Income Housing Monitoring Project --Monitor forty-four (44) restricted low -to -moderate
income single family housing units for continued compliance.
Azusa Oaks/600 N. Cerritos Avenue -- Install fencing at the project site, benefitting the eligible first time
home buyers and creating a safer environment for school children attending the adjacent elementary school.
ROP Moderate Housing Project -- Coordinate with architects, engineers, city staff, Azusa Unified School
District, negotiate development agreements, provide financial assistance, and oversee construction of a single
family housing unit constructed by ROP students.
Miscellaneous -- Pursue acquisition/rchabilitation of blighted apartments, and construction of new low/mod
housing units on scattered sites.
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