HomeMy WebLinkAboutCC RES 93-094RESOLUTION NO. 93-94
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN, CALIFORNIA, FINDING THAT THE USE OF
TAXES ALLOCATED FROM THE SOUTH CENTRAL PROJECT
AREA AND FROM THE TOWN CENTER PROJECT AREA FOR
THE MORTGAGE CREDIT CERTIFICATE PROGRAM
OUTSIDE THE PROJECT AREAS WILL BE OF BENEFIT
TO BOTH PROJECT AREAS
The City Council 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 and has also adopted a Redevelopment Plan
for the Town Center Project Area; and
WHEREAS, both Redevelopment Plans provide for the
allocation of taxes from their respective Project Areas;
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 Project Areas comprise only a limited
portion of the low to moderate income housing supply in
the City of Tustin and the overall low to moderate income
housing supply is dispersed throughout the City; and
WHEREAS, City of Tustin is proposing to establish a
Mortgage Credit Certificate Program to assist low to
moderate income first time homebuyers throughout the
City; and
WHEREAS, the use of tax increment funds for
implementation of the City's Mortgage Credit Certificate
Program outside of the Pr0j&ct Area will directly promote
the increase, improvement and preservation of the
community's supply of low to moderate income housing
available at affordable prices both inside and outside
the South Central and Town Center Project Areas.
Resolution No. 93-94
Pag~ 2
NOW, THEREFORE, the City Council of the City of Tustin
does hereby find and resolve as follows:
Section 1: The City Council hereby finds that the
use of taxes allocated from the South Central Project
Area and from the Town Center 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
Areas and within the City of Tustin will be of benefit to
both the South Central and Town Center Project Areas.
Section 2: The City Council finds that the use of
these funds is of primary benefit to both the South
Central and Town Center Project Areas, and constitutes
redevelopment activity as described in Sections 33020 and
33021 of the Health and Safety Code.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Tustin on the 16th day of August, 1993.
JIM .P. DTTS
MAYOR
Mary E~Wynn, C%ty Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
SS
CERTIFICATION FOR RESOLUTION NO. 93-94
MARY E. WYNN, City Clerk and ex-officio Clerk of the City
Council of the City of Tustin, California, does hereby
certify that the whole number of the members of the City
Council of the City of Tustin is five; that the above and
foregoing Resolution No. 93-94 was duly and regularly
introduced, passed and adopted at a regular meeting of
the City Council held on the 16th day of August, 1993, by
the following vote:
COUNCILMEMBERS AYES: Ports, Saltarelli, Pontious, Puckett, Thomas
COUNCILMEMBERS NOES: None
COUNCILMEMBERS ABSTAINED: None
COUNCILMEMBERS ABSENT: ' None