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HomeMy WebLinkAboutRedevelopment Agency - 337 RESOLUTION NO. 337 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH FINDING THAT THE USE OF TAXES ALLOCATED FROM THE SOUTHEAST COASTAL REDEVELOPMENT PROJECT FOR THE PURPOSE OF INCREASING, IMPROVING, AND PRESERVING THE COMMUNITY'S SUPPLY OF LOW AND MODERATE INCOME HOUSING OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT WHEREAS, the Redevelopment Agency of the City of Huntington Beach ("Agency") initiated the process to adopt a Redevelopment Plan ("Redevelopment Plan") for the Southeast Coastal Redevelopment Project ("Project") in order to address conditions of blight existing within the redevelopment project area("Project Area"), 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 increasing, improving, and preserving the community's supply of low- and moderate-income housing available at affordable housing costs; and Section 33334.2(g) of the 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 that such use will be of benefit to the Project; NOW, THEREFORE, be it resolved by the Redevelopment Agency of the City of Huntington Beach that the use of taxes allocated from the Southeast Coastal Redevelopment Project Area for the purpose of increasing, improving, and preserving the community's supply of low- and moderate- housing available at affordable housing costs outside the Project Area will be of benefit to the Project. PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington Beach at a regular meeting held on the 3r.d day of June 2002. Chairperson ATTEST: APPROVED AS TO FORM: Agency Secre cy General Counsel 6 1- REVIEWED AND APPROVED: REVIE ED AND APPROVED: C,_ �_ - Arg Agency f5ircctcr Director of Economic Ifevelopment G:\RESOLUTN\2002\SE reso-housing-agency.doc Res. No. 337 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss 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 regular meeting of said Redevelopment Agency held on the 3rd day of June, 2002 and that it was so adopted by the following vote: AYES: Green, Dettloff, Houchen, Winchell, Bauer NOES: Boardman, Cook ABSENT: None ABSTAIN: None Clerk of the Redevelopmen Agency of the City of Huntington Beach, CA