HomeMy WebLinkAboutRDA 96-4
RESOLUTION NO. RDA 96-4
A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY FINDING THAT THE USE OF
TAXES ALLOCATED FROM THE TOWN CENTER PROJECT
AREA FOR THE PURPOSE OF REHABILITATING THE
PROPERTY AT 1361 EL CAMINO REAL AND CONVERTING
THE APARTMENTS INTO OWNERSHIP UNITS WILL BE OF
BENEFIT TO THE PROJECT.
The Tustin Community Redevelopment Agency doe's hereby
resolve as follows:
WHEREAS, the Tustin Community Redevelopment Agency
(the "Agency") has adopted a Redevelopment Plan (the
"Redevelopment Plan") for the Town Center Project Area
(the "Project"); and
~EREAS, the Redevelopment Plan provides for the
allocation of taxes from the Project Area; and
W~.'EREAS, Section 33445 of the Health and Safety Code
provides that Redevelopment tax increment funds may be
used outside of a project area if a finding is made by
action of the Agency and the City Council that such use
will be of benefit to the adjacent Project Area and there
are no other reasonable means of financing the
acquisition and' cost of improvements; and
WHEREAS, the City of Tustin has determined that
rehabilitation of the property at 1361 E1 Camino Real and
its.conversion into ownership units would benefit the
Town Center Project Area but is outside the Town Center
Redevelopment Project Area; and
WHEREAS, the Agency's Town Center Redevelopment
Project Area, Five Year Town Center Project
Implementation Plan and The Agency's Comprehensive
Housing Affordability Strategy authorize~ the
rehabilitation of older housing units and encourages the
creation of home ownership opportunities in the Town
Center Project Area.
NOW, THEREFORE, the Tustin Community Redevelopment Agency
does.hereby find and resolve as follows:
Section 1: The Agency hereby finds that the use of
taxes allocated from the Town Center Project Area to be
used outside the boundaries of the Project Area for the
purpose of the rehabilitation of.housing units at 1361 E1
Camino Real and its conversion to home ownership will be
of direct benefit to the Town Center Project Area and
that no other reasonable means of financing for said
project are available in the Community.
Resolution No. RDA 96-4
Page 2
PASSED AND ADOPTED at a regular meeting of the
Tustin Community Redevelopment Agency held on the 3rd day
of September, 1996.
!
Chair
Pamela Stoker
City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
SS
CERTIFICATION FOR RESOLUTION NO. RDA 96-4
PAMELA STOKER, City Clerk of the City of Tustin and
Recording Secretary of the Tustin Community Redevelopment
Agency does hereby certify that the whole number of the
members of the Tustin Community Redevelopment Agency is
5; that the above and foregoing Resolution No. RDA 96-4
was duly and regularly introduced, passed and adopted at
a regular meet of the Tustin Community Redevelopment
Agency, held of the 3rd day of September, 1996.
AGENCY MEMBER AYES:
AGENCY MEMBER NOES:
AGENCY MEMBER A~STAINED:
AGENCY MEMBER ABSENT:
Worley, Thomas, Doyle, Ports, Saltarelli
None
None
None
PAMELA STOKER
Recording Secretary