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HomeMy WebLinkAboutResolution - 08-02 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 08- 02 COUNTY OF RIVERSIDE)ss CITY OF SAN JACINTO ) A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO, CALIFORNIA, DETERMINING THE NECESSITY FOR ADMINISTRATIVE EXPENDITURES FROM THE REDEVELOPMENT AGENCY LOW AND MODERATE HOUSING FUND FOR FISCAL YEAR 2007-2008 WHEREAS, it is the intent of the State of California law and the Redevelopment Agency of the City of Jacinto that the Low and Moderate Income Housing Fund be purposed to the maximum extent possible to help defray the costs of production, improvement, and preservation of low and moderate income housing; and WHEREAS, the low and moderate monies that will be expended in the Redevelopment Agency Low and Moderate Housing Fund in fiscal year 2007-2008 will help to improve the supply of affordable housing within the Redevelopment Project Areas and the City; and WHEREAS, the appropriation of funds in the Low and Moderate Housing Fund in the fiscal year 2007-2008 budget are associated with the development, improvement, and preservation of low and moderate income housing. NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Agency Board of the City of San Jacinto, California, that it is determined that budgeted appropriations and actual expenditures of fiscal year 2007-2008 are necessary to affordable housing programs and activities in accordance with California Health and Safety Code, Section 33334.3(d). APPROVED AND ADOPTED this 7th day of February 2008, by the following vote: Ayes: Ayres, Carlson, Mansperger, Ritchie Nays: None Absent: Stubblefield Abstain: None San Jacinto Redevelopment Agency By im Ayre's Chairman ATTEST: tvD ( • od Agency Se etary 1 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 08- 02 COUNTY OF RIVERSIDE)ss CITY OF SAN JACINTO ) A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO, CALIFORNIA, DETERMINING THE NECESSITY FOR ADMINISTRATIVE EXPENDITURES FROM THE REDEVELOPMENT AGENCY LOW AND MODERATE HOUSING FUND FOR FISCAL YEAR 2007-2008 WHEREAS, it is the intent of the State of California law and the Redevelopment Agency of the City of Jacinto that the Low and Moderate Income Housing Fund be purposed to the maximum extent possible to help defray the costs of production, improvement, and preservation of low and moderate income housing; and WHEREAS, the low and moderate monies that will be expended in the Redevelopment Agency Low and Moderate Housing Fund in fiscal year 2007-2008 will help to improve the supply of affordable housing within the Redevelopment Project Areas and the City; and WHEREAS, the appropriation of funds in the Low and Moderate Housing Fund in the fiscal year 2007-2008 budget are associated with the development, improvement, and preservation of low and moderate income housing. NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Agency Board of the City of San Jacinto, California, that it is determined that budgeted appropriations and actual expenditures of fiscal year 2007-2008 are necessary to affordable housing programs and activities in accordance with California Health and Safety Code, Section 33334.3(d). APPROVED AND ADOPTED this 7th day of February 2008, by the following vote: Ayes: Ayres, Carlson, Mansperger, Ritchie Nays: None Absent: Stubblefield Abstain: None San Jacinto Redevelopment Agency B Ayre Chairman ATTEST: gency Sec tary 1