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HomeMy WebLinkAboutResolution No. 08-R27RESOLUTION NO. 08-R27 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA FINDING THAT THE USE OF LOW AND MODERATE INCOME HOUSING FUNDS OUTSIDE THE MERGED CENTRAL BUSINESS DISTRICT AND WEST END REDEVELOPMENT PROJECT WILL BE OF BENEFIT TO THE PROJECT AREA WHEREAS, the Redevelopment Plan for the Central Business District Redevelopment Project Area ("Central Business District") was adopted on September 18, 1978, pursuant to Ordinance No. 2062; and WHEREAS, the Redevelopment Plan for the West End Redevelopment Project Area ("West End") was adopted on November 28, 1983, pursuant to Ordinance No. 2196; and WHEREAS, the Redevelopment Plans for the Central Business District and West End Redevelopment Project Areas were merged to create the Merged Central Business District and West End Redevelopment Project ("Project Area"), which was adopted on November 7, 1988, pursuant to Ordinance No. 2382; and WHEREAS, on January 7, 2008 the City Council of the City of Azusa ("City Council") directed the staff to initiate an amendment to the Redevelopment Plan by adopting a resolution establishing a survey area; and WHEREAS, the City Council and the Redevelopment Agency of the City of Azusa ("Agency") have undertaken the required steps for the adoption of an Amended and Restated Redevelopment Plan ("Plan Amendment") for the Project Area, which is the proposed 14th Amendment to Central Business District and 9th Amendment to the West End Redevelopment Projects; and WHEREAS, a draft Redevelopment Plan for the Project Area has been prepared in accordance with the provisions of California Community Redevelopment Law, Health and Safety Code Sections 33000, et seq. ("CRL"), and is on file in the office of the City Clerk and available for public inspection; and WHEREAS, in accordance with Section 33334.2(a) of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.; the "CRL") not less than twenty percent (20%) of all tax increment revenues allocated to the Agency from the Amendment Areas shall be used for the purpose of increasing, improving, and preserving the community's supply of low- and moderate -income housing ("Housing Funds"); and WHEREAS, CRL Section 33334.2(g) provides that the Agency may use Housing Funds outside of the Amendment Area upon adoption of resolutions by the City Council and the Agency finding that the provision of low- and moderate -income housing outside the Amendment Area is a benefit to the Project; and 1 ORANGE\EHULL\42052.1 0 0 WHEREAS, such authority is needed and will be a benefit to the Project because future locations of housing for low- and moderate- income families cannot be fully determined at this time. NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, CALIFORNIA, THAT: Section 1. Pursuant to CRL Section 33334.2(8) the Agency Board hereby finds that the provision of low- and moderate -income housing outside the boundaries of the Amendment Area will be of benefit to the Project because the exact extent of future low - and moderate -income housing needs are not now known and may require more land than is available in the Project Area. Section 2. Pursuant to CRL Section 33334.2(8), the Agency Board hereby authorizes the use of low- and moderate -income housing funds outside the boundaries of the Amendment Area. Section 3. The findings and determinations set forth herein shall be deemed final and conclusive. PASSED, APPROVED AND ADOPTED this 16' day of June, 2008 by the Redevelopment Agency of the City of Azusa. (` 12_1� ,Joseph R. Rocha, Chairman 1 HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of said Redevelopment Agency on the 16`h day of June, 2008, by the following vote of the Board: AYES: BOARD MEMBERS: CARRILLO, MACIAS, ROCHA NOES: BOARD MEMBERS: NONE ABSTAIN: BOARD MEMBERS: GONZALES, HANKS ABSENT: BOARD MEMBERS: NONE era Mendoza, Agency Secretary 2 ORANGEIEHULB42052.1