Loading...
HomeMy WebLinkAboutResolution - 3204 (3) STATE OF CALIFORNIA ) RESOLUTION NO. 3204 COUNTY OF RIVERSIDE)ss CITY OF SAN JACINTO } A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO FINDING THAT THE USE OF TWENTY PERCENT HOUSING FUNDS FROM THE SAN JACINTO REDEVELOPMENT PROJECT AREA ("PROJECT AREA") OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT AREA WHEREAS, the Redevelopment Agency ("Agency") of the City of San Jacinto ("City") is engaged in the activities necessary to execute and implement the redevelopment plan ("Redevelopment Plan") for the Agency's San Jacinto Redevelopment Project Area ("Project Area"): and WHEREAS, the Agency is undertaking certain activities necessary for redevelopment in the Project Area pursuant to the provisions of the California Community Redevelopment Law (Health & Safety Code, §§ 33000 of seq.) ("CRL") and the Redevelopment Plan; and WHEREAS, the CRL generally requires that not less than twenty percent (20%) of all taxes allocated to the Agency pursuant to Health and Safety Code Section 33670 must be used by the Agency for preserving, improving, and increasing the City's supply of low and moderate income housing available at affordable housing cost to persons and families of low or moderate income and very low income households; and WHEREAS, Health and Safety Code Section 33334.2(g) provides that the Agency may use such funds outside of a project area if a finding is made by resolution of the Agency Board and the City Council of the City of San Jacinto ("City Council") that such use will be of benefit to the Project Area. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN JACINTO: SECTION 1. Incorporation of Recitals. 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. Finding Regarding Use of Low and Moderate Income Housing Funds. The City Council hereby finds and declares that the use of taxes allocated from the Project Area for the purpose of preserving, improving, and increasing the City's supply of low and moderate income housing available at affordable housing costs to persons and families of low or moderate income and very low income households outside the Project Area will be of benefit to the Project Area. r.. SECTION 3. Effective Date. This Resolution shall take effect upon its adoption. APPROVED AND ADOPTED, this 7th day of August 2008 by the following vote: Ayes: Mansperger, Potts, Stubblefield, Ayres Nays: Carlson Absent: None Abstain: None City of San Jacinto By Jim A r s, May ATTEST: DIUR4,i Ji D rothy L. CI uinard, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP _ �SQL4 ' Jeffrey S. Balling , City Attorney