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HomeMy WebLinkAboutRDA 93-07 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. RDA 93-7 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, FINDING THAT THE USE OF TAXES ALLOCATED FROM THE SOUTH CENTRAL PROJECT AREA FOR THE PURPOSE OF INCREASING, IMPROVING AND PRESERVING HOUSING OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT The Redevelopment Agency of the City of Tustin does hereby resolve as follows: WHEREAS, the Community Redevelopment Agency of the City of Tustin (the "Agency") has adopted a Redevelopment Plan (the "Redevelopment Plan") for the South Central Project Area (the "Project"); and WHEREAS, the Redevelopment Plan provides for the allocation of taxes from the Project Area; and WHEREAS, 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 for the purpose of increasing, improving and preserving the community's supply of low and moderate income housing available at affordable housing cost; and WHEREAS, Section 33334.2(g) of the Health and Safety Code provides that such funds may be used outside of a 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; and WHEREAS, the City of Tustin has established a Housing Rehabilitation Program for the Southwesterly portion of the City, the boundary of which includes residential target areas located adjacent to but outside the South Central Redevelopment Project Area; and WHEREAS, the use of tax increment funds for implementation of the City's Housing Rehabilitation Program outside of the Project Area will directly promote the planning, development, replanning, redesign, clearance, reconstruction, rehabilitation, alteration, improvement and modernization of existing structures within the Project Area. NOW, THEREFORE, the Community Redevelopment Agency of the City of Tustin does hereby find and resolve as follows: 1 2 3 4 5 6 7 8 9 10 12 13 14 15 1G 17 18 19 20 21 22 23 24 25 27 ',~ I' Resolution No. RDA 93-7 Page 2 Section 1: The Agency hereby finds that the use of taxes allocated from the South Central Project Area for the purpose of increasing, improving and preserving the community's supply of low and moderate income housing available at affordable housing cost outside the Project Area and within the City of Tustin will be of benefit to the Project. Section 2: The Agency finds that the use of those funds is of primary benefit to the Project Area, and constitutes redevelopment activity as described in Sections 33020 and 33021 of the Health and Safety Code. PASSEl) AND ADOPTED at a regular meeting of the Redevelopmenr Agency held on the 3rd day of May, 1993. r~ /~z- Jim Pott~''~7~ Redevelm~oment Chairperson Mary E. ~ynn CJ ty Clerk SSATE ~F CALIFORNIA ) COUNTY ')F ORANGE ) CITY OF TUSTIN ) SS CERTIFICATION FOR RDA RESOLUTION NO. 93-7 MARY E. WYNN, City Clerk and ex-officio Clerk of the Redevelopment Agency of the City of Tustin, California does hereby certify that the whole number of the numbers of the Redevelopment Agency of the City of Tustin is 5; that the above and foregoing RDA Resolution No. 93-7 was duly and regularly introduced, passed and adopted at a regular meeting of the Redevelopment Agency held on the 3rd day of May, 1993, by the following vote: COUNCILMEMBER AYES: Ports, Saltarelli, Pontious, Puckett, COUNCILMEMBER NOES: None COUNCILMEMBER ABSTAINED: None COUNCILMEMBER ABSENT: None DO: kQ\RDAR£SOS\93- 7.do City Clerk Th°tas