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RESOLUTION NO. 229
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 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 33.000 , 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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F
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
acco-rdance with Section 33334 .2(g) , if such use will be of
benefit to one or more of the project areas .
NOW, THEREFORE, the Redevelopment Agency 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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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 Redevelopment Agency of the
City of Huntington Beach at a regular meeting thereof held on
the 20th day of July 1992 .
Chairman
ATTES' : ,- APPROVED AS TO FORM:
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Agency Clerk � Agency torney_RFrVJ
EWED AND A '''-q4qV D• INITIATED AND APPROVED:
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Executive Director Director of Economic
Development
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Res. No. 229
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
loth day of July 19 92 , and that it was so adopted
by the following vote:
AYES: Members:
RnhitaiIIP, Winnhell , Silva, Green, MacAllister, KP11y
NOES: Members:
NnnP
ABSENT: Members:
Mots 1 ton-Patterson
Clerk of t e Redevelopmeft Agency of
the City of Huntingtoo Beach, Ca.