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HomeMy WebLinkAboutRDA FINDING OF BENEFIT 05-03-93RDA N0. 9 5-3-93 DATE: MAY 3, 1993 Inter -Com TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR FROM: COMMUNITY DEVELOPMENT DEPARTMENT SUBJECT: REQUEST FOR AGENCY FINDING OF BENEFIT Staff recommends that the City of Tustin Community Redevelopment Agency adopt Resolution RDA 93-7 so that housing set-aside funds allocated to the South Central Project Area may be used outside the boundaries of the Project Area for the purpose of increasing, improving, and preserving the community's supply of low and moderate income housing. FISCAL IMPACT No fiscal impact is expected since funding for the City's Housing Rehabilitation Program has previously been appropriated. BACKGROUND On February 18, 1992, the Redevelopment Agency appropriated $550,000.00 in South Central Project Area set-aside funds for implementation of the City of Tustin's Housing Rehabilitation Program. The Program provides grants (up to $3,000.00) and loans (up to $25,000.00) to owners of property within certain targeted areas of the southwest portion of the City. Southwest neighborhood target areas designated by Council were identified by staff based upon critical need for housing rehabilitation and because of their high proportion of low to moderate income residents. Some of the properties targeted for the program are located outside the boundaries of the South Central Redevelopment Project Area (see Exhibit A) which are now ready for funding. Redevelopment law requires the use of any Redevelopment Project Area tax increment to be used only within the project boundaries. However, Section 33334.2(g) of the California Community Redevelopment law provides an exception to this rule when the local agency makes a finding that use of these funds, outside of the Project Area, constitutes a benefit to the Project Area. Said finding must be declared through the adoption of a resolution adopted by both the Redevelopment Agency Report Page 2 Redevelopment Agency and the City Council. It should be noted that the State legislature has declared that the provision and improvement of affordable housing, as provided by Section 33334.2, outside of redevelopment Project Areas, can be of direct benefit to those projects in assisting the accomplishment of project objectives whether or not those redevelopment projects provide for housing within the Project Area. City Council has authorized the creation of a Housing Rehabilitation Program within the southwest portion of the City with funding provided with $550,000.00 in South Central Redevelopment set-aside monies. Redevelopment law requires the adoption of a resolution by both the Redevelopment Agency and City Council finding that the allocation of Redevelopment funds, to areas outside a Project Area's redevelopment boundaries, is of benefit to the Project Area. Staff recommends adoption of Resolution RDA 93-7 so that authorized target areas of the City's Housing Rehabilitation Program may be funded. Dana Ogdon Senior Planner DO:kd\agncyfd.rda Attachments Christine A. Shi Teton Assistant City Manager CLARA AVE BLVD FIRST ST IN ST MCFADDEN ST I2 EDINGER AVE W > >- U � W < a. o o i r r vuo>�wo u� m us N W < m N J p O nnnm SOUTH CENTRAL REDEVELOPMENT AREA IIIIIIIII�IIIIII SOUTHWEST NEIGHBORHOOD IMPROVEMENT AREA EXHIBIT A .m MTA 2 3 4 5 6 8 9 10 11 12 13 14 151 16 17 18 19 20 21 22 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: 17 18 19 20 21 22 23 24 25 26 27 28 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. Jim Potts Redevelopment Chairperson Mary E. Wynn City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) 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: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: D0:kd\RDARES0S\93-7.d0 MARY E. WYNN City Clerk