HomeMy WebLinkAboutResolution No. 99-R31•RESOLUTIONNO. 99—R31 •
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 ofthe 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 1999-00; 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 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 1999-00: 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.
Section 3. The Agency Secretary shall certify the adoption of this Resolution.
P ED D ADOPTE his 6th day of Jul y '1999.
Chairman
1 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 6th day of ,lulu , 1999.
AYES: BOARD MEMBERS: HARDISON, STANFORD, ROCHA, BEEBE MADRID
NOES: BOARD MEMBERS: NONE
ABSTAIN; BO RD EMBERS: NONE
ABSENT ABE NON
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• EXHIBIT A •
LOW/MOD HOUSING PROJECTS
Fiscal Year 1999-00
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 Housine Monitoring Project -- Monitor forty-three (43) restricted low -to -moderate income
single family housing units for continued compliance.
ROP -4 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, prepare subordination agreements as necessary, annual CDIAC report forthe Pacific Glen Apartments
compliance, and the 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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