HomeMy WebLinkAboutCity Council - 5787RESOLUTION NO. FLS t21
A RESOLUTION OF THE CITY COUNCIL 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 Huntington Beach Rede-
velopment Agency 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 City Council that
such use will be of benefit to the Project.
NOW, THEREFORE, the City Council of the City of Huntington
Beach does hereby find and resolve that the use of taxes allocated
from the Huntington Beach-Beach Boulevard Redevelopment Project
for the purposeof 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.
City Clerk
REVIEWED AND APPROVED:
2.
TA
2274L
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the
day of , 1987.
Mayor
ATTEST: APPROVED AS TO FORM: