HomeMy WebLinkAboutResolution No. 98-R460 0
RESOLUTION NO. 98—R46
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 1998-99; and
WHEREAS, the Agency expects to expend 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 ofthe 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 1998-99: 10% 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.
shall certify the adoption of this Resolution.
day of July , 1998.
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 7th day of July 11998.
AYES: BOARDMEMBERS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES: BOARDMEMBERS: NONE
ABSTAIN: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
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EXHIBIT A
LOWIMOD HOUSING PROJECTS
Fiscal Year 1998-99
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-three (43) restricted low -to -
moderate income single family housing units for continued compliance.
ROP Moderate Income 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.
Administration -- Track 20% set aside tax increment receipts, coordinate outstanding debt funded with low -
to -moderate income housing funds, and prepare annual HCD housing report.
Miscellaneous -- Pursue acquisition/rehabilitation of blighted apartments, and construction of new low/mod
housing units on scattered sites.
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