HomeMy WebLinkAboutResolution No. 10-R26RESOLUTION NO. 10-R26
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 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 2010/11; 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 bythe 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 2010/11: 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 19th day of July, 2010.
Joseph R. Rocha, Chairperson
I HEREBY CERTIFY that the foregoing Resolution no. 10-R26 was duly adopted by the
Redevelopment Agency of the City of Azusa, at a regular meeting thereof, held on the 19th day of
July, 2010, by the following vote of the Agency:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: AGENCY MEMBERS: NONE '
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
era Mendoza, Secretary
EXHIBIT A
LOW/MOD HOUSING PROJECTS
Fiscal Year 2010/11
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-one (2 1)
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.
Down Payment Assistance Program — Oversee implementation of the Down Payment Assistance
Program (DPAP) to provide Azusa residents, in particular those members of the community that
contribute to the vitality of the City, deferred down payment assistance loans for up to $125,000 to
purchase affordable homes within the City. The goal of the DPAP is to provide assistance to
approximately one household in FY 2010/11.
Administration — Track 20% set aside tax increment receipts; coordinate outstanding debt funded
with low -to -moderate income housing funds; provide continuing bond disclosure for housing tax
allocation bonds; prepare subordination agreements as necessary for single family homeowners;
prepare 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 update and 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 — Complete site assembly and pursue and negotiate development
of a quality affordable housing development in the southeast portion of the City.
Miscellaneous — Identify and actively pursue and promote housing project opportunities benefiting
low -to -moderate income households.