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HomeMy WebLinkAboutResolution No. 11-R30RESOLUTION NO. 11-R30 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 ofthe 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 2011/12; 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 2011/12: 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 find 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 20th day of June, 2011. 9�� //a 4 oseph R. Rocha, Chairperson I 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 20"' day of June, 2011. AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES: AGENCY MEMBERS: NONE ABSTAIN: AGENCY MEMBERS: NONE ABSENT: AGENCY MEMBERS:,NONE Vera Mendoza, Secretary EXHIBIT A LOW/MOD HOUSING PROJECTS Fiscal Year 2011/12 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. 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 implement the Housing Element as part of the overall General Plan Update, and endeavor to meet housing production and replacement obligations. Redevelopment Housing Projects — Work with a developer to build rental and owner -occupied housing for low -to - moderate income families in the southeast portion of the City. In addition, work with another developer to construct housing that will require the sate of some units to moderate income families in the northeast portion of the City. Miscellaneous — Identify and actively pursue and promote housing project opportunities benefiting low -to -moderate income households.