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HomeMy WebLinkAboutRedevelopment Agency - 174 RESOLUTION NO. 174 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH FINDING AND DETERMINING THAT THE USE OF MONIES FROM THE LOW AND MODERATE INCOME HOUSING FUND OUTSIDE THE PROJECT AREAS WILL BENEFIT THE PROJECT AREAS, AND AUTHORIZING THE EXPENDITURE OF SUCH FUNDS WHEREAS, the Redevelopment Agency of the City of Huntington Beach ("Agency") is a Community Redevelopment Agency organized and existing under the Community Redevelopment Law, Health and Safety Code §33000, et seq. , (the "Act") ; and The Agency is authorized to implement the Redevelopment Plans for each of the Huntington Beach Redevelopment Projects (the "Plans") for each of the Project Areas (the "Project Areas") , including the Main-Pier Redevelopment Project Area, the Oakview Redevelopment Project Area, the Huntington Center Redevelopment Project Area, the Yorktown-Lake Redevelopment Project Area and the Talbert-Beach Redevelopment Project Area; and Section 33334 .2 of the Act requires that not less than twenty percent (20%) of all taxes which are allocated to the Agency pursuant to §33670 of the Act shall be used by the Agency for purposes of increasing and improving the community' s supply of low and moderate income housing ("Low and Moderate Income Housing Fund") ; and Pursuant to §33334 .2 of the Act the Legislature declares its intent that the Low and Moderate Income Housing Fund shall be used to improve and increase housing in the community; and To carry out the purposes of increasing and improving the community' s supply of low and moderate income housing §33334 .2 (e) of the Act states the Agency may exercise any or all of its powers, -1- 174 including without limitation, acquiring land or building sites, improving land or building sites with onsite or offsite improvements, donating land to private or public persons or entities, constructing buildings or structures, acquiring buildings or structures, rehabilitating buildings or structures, providing subsidies to, or for the benefit of, very low income households, lower income households, or persons or families of low and moderate income, or other powers to carry out the purposes of the Act; and Subsection (g) of §33334 .2 of the Act authorizes the Agency to use monies from the Low and Moderate Income Housing Fund inside or outside the Project Area, but the Agency may only use the funds outside the Project Area upon resolutions of the Agency and the City Council finding that such use will be of benefit to the Project Area; and Under said subsection (g) of §33334 .2 the Legislature declares that the provision of replacement housing pursuant to §33413 is always of benefit to a project area; and The Agency desires by this Resolution to declare that the expenditure of monies from the Low and Moderate Income Housing Fund outside the Project Area for purposes authorized under the Act are and will be of benefit to the Project Area; NOW, THEREFORE, the Redevelopment Agency of the City of Huntington Beach finds, declares, and resolves as follows: 1. The Recitals above are fully incorporated into this resolution and finding. 2. The expenditure of monies from the Low and Moderate Income Housing Fund for purposes authorized under the Act outside the Project Areas in which such funds are generated are and will be -2- 174 of benefit to the respective Project Areas. 3 . The Agency is authorized to expend monies from the Low and Moderate Income Housing Fund for said authorized purposes. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Huntington Beach on the 26th day of ,limp 1989 . REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH Chairman ATTEST: APPROVED AS TO FORM: Cofrh u Secretary of the Redevelopment ity Attorn rr .. 2` �L Agency of the City of Huntington 7 Beach REVIE AND APPROVED: I ITIATED AND APPROVED: f r" Executive irector ect of Ecdnomic Development -3- 174 STATE OF CALIFORNIA ) COUNTY OF ORANGE )SS CITY OF HUNTINGTON BEACH ) I, Connie Brockway Secretary of the Redevelopment Agency of the City of Huntington Beach hereby certify that the above and foregoing Resolution No. 174 was duly and regularly passed and adopted by the said Agency at a publicly noticed regular meeting thereof, held on the 26th day of June 1989 . • Secretary of the RedeNNKopment Agency of the City of Huntington Beach -4- 174 Res. No. 174 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF HUNTINGTON BEACH) I, CONNIE BROCKWAY, Clerk of the Redevelopment Agency of the City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the Redevelopment Agency of the City of Huntington Beach at a meeting of said Redevelopment Agency held on the 26th day of June 19 89, and that it was so adopted by the following- vote: AYES: Members: MacAllister, Green, Winchell , Bannister, Silva NOES: Members: None ABSENT: Members: Mays, Erskine out of room Clerk o t e Redevelopffrent Agency of the City of Huntington Beach, Ca.