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HomeMy WebLinkAboutResolution - RDA 93 - 25 RESOLUTION NO. RDA 93-25 A RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY FINDING THAT THE USE OF TAXES ALLOCATED FROM THE SAN JACINTO REDEVELOPMENT PROJECT FOR THE PURPOSE OF HOUSING OUTSIDE THE PROJECT AREA, AS AMENDED, WILL BE OF BENEFIT TO THE PROJECT WHEREAS, by Ordinance No. 754, adopted by the City Council of the City of San Jacinto (the "City") on June 28, 1983, the City Council of the City approved a Redevelopment Plan (the "Redevelopment Plan") for the San Jacinto Redevelopment Project concerning the redevelopment of a redevelopment project area as referenced therein (the "Original Project Area"); and WHEREAS, on April 14, 1993, the Planning Commission of the City approved Resolution no. 93-14, establishing boundaries fora proposed amendment adding territory (the "Added Area") to the project area of the San Jacinto Redevelopment Project (the IlProject"); and WHEREAS, the San Jacinto Redevelopment Agency(the"Agency") has prepared a proposed Amendment to the Redevelopment Plan (the "Amendment") for the Project; and WHEREAS, the Redevelopment Plan as proposed to be amended (the"Amended Plan") provides for the allocation of taxes from the Project Area, including without limitation the Original Project Area and the Added Area (together, the "Amended Project Area"); and WHEREAS, Section 33334.2 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et. seq.) requires that not less than twenty percent (20%) of all taxes so allocated be used for the purpose of improving and increasing the community's supply of low and moderate income housing available at affordable housing cost; and WHEREAS, Section 33334.2(g) of the Health and Safety Code provides that such funds may be used outside a redevelopment project area if a finding is made by resolution of the Agency and the City Council that such use will be of benefit to the Project; NOW, THEREFORE, the San Jacinto Redevelopment Agency finds and determines that the use of taxes allocated from the Amended Project Area for the purpose of improving and increasing the community's supply of low and moderate income housing available at affordable housing cost outside the Amended Project Area and within the City of San Jacinto will be of benefit to the Project. PASSED, APPROVED AND ADOPTED this 2 ist day Of December 1993 at a regular meeting of the San Jacinto Redevelopment Agency by the following vote: AYES: Agencymembers Ford, Leahy, Solorio , Williams , Chairman NOES: None Haf liger ABSENT: None ABSTAIN: None d-tGainnad ATTEST: Mcretary H;\1indajo\reda-res.pc