HomeMy WebLinkAboutCity Council - 6405 RESOLUTION NO._ 6405
A RESOLUTION OF THE CITY COUNCIL 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 AND AGGREGATING
THE LOW AND MODERATE INCOME HOUSING FUNDS FROM THE
VARIOUS 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 Section 33000, et seq. (the "Act") ; and
The Agency is authorized to implement the Redevelopment
Plan 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 no less than
twenty percent (20%) of all taxes which are allocated to the
Agency pursuant to Section 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 Funds") ; and
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Assembly Bill 315 approved by the Governor October 12,
1991, and filed with the Secretary of State October 14, 1991,
amends Section 33334 .3 of the Act adding subsection (i) :
Agencies that have more than one project area may satisfy the
requirements of this section by allocating, in any fiscal year,
less than 20 percent in one project area, if the difference
between the amount allocated and the 20 percent required, is
instead allocated, in that same fiscal year, to the Low and
Moderate Income Housing Fund from tax increment revenues from
other project areas. Prior to allocating funds pursuant to
this subdivision, the Agency shall make the finding required by
subdivision. (g) of Section 33334 .2; and
Pursuant to City Council Resolution No. 6026, dated June
26, 1989 and Redevelopment Agency Resolution No. 174, dated
June 26, 1989, the Agency is authorized to make expenditures
from the Housing Fund outside redevelopment project areas in
accordance with Section 33334 .2(g) , if such use will be of
benefit to one or more of the project areas .
NOW, THEREFORE, the City Council of the City of Huntington
Beach does resolve as follows:
SECTION 1: The recitals above are fully
incorporated into this resolution and finding.
SECTION 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 of benefit to the respective Project
Areas .
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6405
SECTION 3 : The aggregating of Low and Moderate
Income Housing Funds from the Project Areas, in the City of
Huntington Beach is and will be of benefit to the Project Areas .
SECTION 4 : The Agency is authorized to aggregate
and expend monies from the Low and Moderate Housing Funds for
said authorized purposes .
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 20th
day of July 1992 .
Mayor
ATTE APPROVED AS TO FORM:
City Clerk �vl� City Attq&ney _ _
REV 4 ED D_ AT_'-"'OV INITIATED AND APPROVED:
City Administrator Director of Economic
Development
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6405
STATE 4F CALIFORNIA Res, No. 6405
COUNTY OF ORANGE ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of at least a majority of all the members of said City Council
at a regular meeting thereof held on the _20Ti_ day
of ,duly _ , 19_22 , by the following vote:
AYES: Councilmembers:
i le, Viaohgll, Silva, een Mar-Al lis Kelly
NOES: Councilmembers:
None
ABSENT: Councilmembers:
Moultan-Patterson
City Cie-rT and ex-officft Clerk
of the City Council of the City
of Huntington Beach, California