HomeMy WebLinkAboutResolution No. 05-R240
RESOLUTION NO. 05-R24
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 increase,
improve, and preserve low -to -moderate income housing and the Agency reasonably expects to continue such activity in accord
with the proposed budget for 2005/06; 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 ofthe Health and SafetyCode, 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 2005/06: 20% 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 AND ADOPTED this 18's day of July, 2005.
Chairman
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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 18th day of July, 2005.
AYES:
AGENCY MEMBERS:
HARDISON, CARRILLO, ROCHA, HANKS, CHAGNON
NOES:
AGENCY MEMBERS:
NONE
ABSTAIN:
AGENCY MEMBERS:
NONE
ABSENT:
AGENCY MEMBERS:
NONE
Secretary
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EXHIBIT A
LOW/MOD HOUSING PROJECTS
Fiscal Year 2005/06
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 compliance for twenty-three (23) restricted low -to -
moderate income single family housing units; sixty-four (64) restricted low -to -moderate income rental units; and thirty (30) very
low income senior rental units for continued compliance. Update enforcement policies.
Administration -- Track 20% set aside tat increment receipts, coordinate outstanding debt funded with low -to -moderate
income housing funds, prepare subordination agreements as necessary, annual financial statements the 1994 Multifamily
Housing Refunding Bonds for the Crestview Apartments, annual State Controller's Report and financial statement, and the
annual HCD housing report.
Housing Element -- Work in conjunction with City Planning staff to implement a functional Housing Element as part of the
overall General Plan Update, and endeavor to meet housing production and replacement obligations.
Redevelopment Housing Projects -- Acquire three blighted properties occupied by low income residents and prepare
relocation/replacement plans as necessary.
Miscellaneous — Actively pursue and promote housing project opportunities benefiting low -to -moderate income households