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HomeMy WebLinkAboutResolution - 3362 STATE OF CALIFORNIA ) RESOLUTION NO. 3362 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, FINDING THAT THE USE OF TAXES ALLOCATED FROM THE MERGED SAN JACINTO REDEVELOPMENT PROJECT FOR THE PURPOSE OF INCREASING, IMPROVING, AND PRESERVING THE COMMUNITY'S SUPPLY OF LOW- AND MODERATE-INCOME HOUSING OUTSIDE THE MERGED SAN JACINTO REDEVELOPMENT PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT AREA WHEREAS, the California Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ("CRL") governs the adoption of redevelopment plans and redevelopment plan amendments; and WHEREAS, the Redevelopment Agency of the City of San Jacinto ("Agency") has prepared an Amended and Restated Redevelopment Plan ("Redevelopment Plan") for the Merged San Jacinto Redevelopment Project Area ("Project Area") which would result in the allocation of taxes from the Project Area to the Agency for the purposes of redevelopment; and WHEREAS, Section 33334.2 of the CRL requires that not less than twenty percent (20%) of all taxes so allocated be used by the Agency for the purpose of increasing, improving, and preserving the community's supply of low- and moderate-income housing available at affordable housing cost: and WHEREAS, Section 33334.2(g) of CRL provides that the Agency may use such funds outside the 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 Area. NOW, THEREFORE, BE IT RESOLVED determined and ordered by the City Council of the City of San Jacinto, as follows- SECTION 1: The City Council finds and determines that the Recitals set forth above are true and correct and are incorporated into this Resolution by this reference. SECTION 2: The City Council finds and determines that the use of taxes allocated from the Merged San Jacinto Redevelopment Project Area for the purpose of increasing, improving, and preserving the community's supply of low- and moderate- income housing available at affordable housing cost outside the Project Area will be of benefit to the Project Area. PASSED, APPROVED and ADOPTED this 15'h day of February, 2011 by the following vote: Ayes: Di Memmo, Kotyuk, Miller Nays: None Absent: None Abstain: Bartel, Ledezma City of San Jacinto By: 4-ki� & Scott Miller, Mayor ATTEST: Richard Miller, City Clerk APPROVED AS TO FORM: Best Best & Krieger, LLP eff S. Balli er, City Attorney