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RESOLUTION NO.
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH FINDING THAT THE USE OF
TAXES ALLOCATED FROM THE HUNTINGTON BEACH-BEACH
BOULEVARD REDEVELOPMENT PROJECT FOR THE PURPOSE OF
IMPROVING AND INCREASING THE COMMUNITY'S SUPPLY OF
LOW AND MODERATE INCOME HOUSING OUTSIDE THE PROJECT
AREA WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, the Huntington Beach Redevelopment Agency has pre-
pared a proposed Redevelopment Plan for the Huntington Beach-Beach
Boulevard Redevelopment Project which would result in the alloca-
tion of taxes from the Project Area to the Redevelopment Agency of
the City of Huntington Beach for purposes of redevelopment; and
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
by the Agency for the purpose of improving and increasing the
community's supply of low and moderate income housing available at
affordable housing cost, unless certain findings are made; and
Section 33334.2(g) of the Health and Safety Code 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.
NOW, THEREFORE, the Redevelopment Agency of the City of
Huntington Beach does hereby find and resolve that the use of
taxes allocated from the Huntington Beach-Beach Boulevard Rede-
velopment Project for the purpose of improving and increasing the
community's supply of low and moderate income housing available at
affordable cost outside the Project Area and within the City of
Huntington Beach will be of benefit to the Project.
1.
APPROVED AS TO FORM:ATTEST:
Clerk of the Redevelopment Agency CounF
Agency
PASSED AND ADOPTED by the Redevelopment Agency of the City of
Huntington Beach at a regular meeting thereof held on the day
of , 1987.
Chairman
Special Agency Counsel
REVIEWED AND APPROVED: I ITIATED AND APPROVED:
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