HomeMy WebLinkAboutResolution No. 06-R24RESOLUTION NO. 06-R24
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA 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 ofprojects 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 2006/07; 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 Agency Members 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 Agency
Members hereby find and determine 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 2006/07: 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 3rd day of July, 2006.
Chairperson
I HEREBY CERTIFY that the foregoing Resolution No. 06-R24, was duly adopted by the Redevelopment Agency
of the City of Azusa, at a regular meeting thereof, held on the 3d day of July, 2006.
AYES: AGENCY MEMBERS: HARDISON, CARRILLO, ROCHA, HANKS, CHAGNON
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
Deputy Secretary
• •
EXHIBIT A
LOW/MOD HOUSING PROJECTS
Fiscal Year 2006/07
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 Prviect— Monitor compliance for twenty-one (21) 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.
Administration — Track 20% set aside tax increment receipts; coordinate outstanding debt funded with low -to -moderate income
housing funds; prepare subordination agreements as necessary for single family homeowners; preparation of annual financial
statements for the 1994 Multifamily Housing Refunding Bonds for the Crestview Apartments; preparation of the annual State
Controller's Report, independent 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 Proiects —Begin negotiations for development of a senior housing project in the Downtown North
area of Azusa.
Miscellaneous—Actively pursue and promote housing project opportunities benefiting low -to -moderate income households.