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HomeMy WebLinkAboutRedevelopment Agency - 176 RESOLUTION NO. 176 A RESOLUTION OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FINDING THAT THE USE OF TAXES ALLOCATED FROM AMENDMENT NO. ONE TO THE OAKVIEW REDEVELOPMENT PROJECT FOR THE PURPOSE OF PROVIDING HOUSING OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT WHEREAS, the Huntington Beach Redevelopment Agency (the "Agency") has prepared a proposed Amendment to the Redevelopment Plan for the Oakview Redevelopment Project, which would result in the allocation of taxes from the Project Area to the Agency, pursuant to Health and Safety Code §33670(b) , for the purposes of redevelopment; and Section 33334 .2 of the California Community Redevelopment Law (Health and Safety Code §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 increasing and improving the community' s supply of low and moderate income housing available at affordable housing cost; and Section 33334 .2(g) of the California Community Redevelopment Law 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 of the City of Huntington Beach that such use will be of benefit to the Project. NOW, THEREFORE, the Huntington Beach Redevelopment Agency does hereby resolve as follows: SECTION 1• The use of taxes allocated from the Project Area for the purpose of increasing and improving the community' s supply of low and moderate income housing available at affordable housing cost -1- 176 outside the Project Area and within the City of Huntington Beach will be of benefit to the Project. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Huntington Beach on the l9th day of June, 1989 . I�t -tje.� Z Chairman ATTEST: APPROVED AS TO FORM: W!4� Secretary of the Red9velopment Agency Atto ey Agency of the City of Huntington Beach REVIE , AND A OVED: NITIATED AND APPROVED: L'( Executive Director i ector of Economic D0 velopment _2 176 I hereby certify that the foregoing Resolution was duly and regularly passed and adopted at a meeting of the Huntington Beach Redevelopment Agency, held thisl9th day of June, 1989, by the following vote: AYES: PIacAllister, Green, Winchell, Mays, Erskine NOES: None ABSENT: Silva ABSTAIN: Bannister Secretary -3- 176 Res. No. 176 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, p0 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 19th day of June 1989 , and that it was so adopted by the following vote: AYES: Members: MacAllister, Green, Winchell, Mays, Erskine NOES: Members: None ABSENT: Members: Silva ABSTAIN: Bannister Clerk of the Redevelopmen Agency of the City of Huntington Beach, Ca. 176