HomeMy WebLinkAboutRA 2008-003RESOLUTION NO RA 2008-003
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF ATASCADERO DETERMINING THAT THE
PLANNING AND ADNIINISTRATION EXPENSES FUNDED IN FISCAL
YEARS 2007/2008 AND 2008/2009 BY THE LOW AND MODERATE
INCOME HOUSING FUND WERE NECESSARY FOR THE
PRODUCTION, IMPROVEMENT, AND/OR PRESERVATION OF
AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME
HOUSEHOLDS
WHEREAS, on July 13, 1999, the City Council of the City of Atascadero adopted the
redevelopment plan for the Community Redevelopment Agency Project Area; and,
WHEREAS, pursuant to Section 33334.2(a) of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) not less than 20% of all
taxes which are allocated to the Community Redevelopment Agency of the City of Atascadero
(Agency) shall be set aside by the Agency in a Low and Moderate Income Housing fund and
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 to people and
families of low and moderate income; and,
am
WHEREAS, Pursuant to Section 33334.3(d) of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) it is the intent of the
California State Legislature that the amount of money spent for planning and general
administration from the Low and Moderate Income Housing fund not be disproportionate to the
amount actually spent for the cost of production.
NOW, THEREFORE BE IT RESOLVED, that the Community Redevelopment Agency
hereby determines.
1 That it was necessary to allocate $47,270 of the $117,270 Low and Moderate Income
Housing Fund budget for planning and adimmstratrve expenses necessary for the
production, improvement, and/or preservation of low and moderate income housing
during the 2007/2008 fiscal year
2. That it was necessary to allocate $15,600 of the $15,600 Low and Moderate Income
Housing Fund budget for planning and administrative expenses necessary for the
production, improvement, and/or preservation of low and moderate income housing
during the 2008/2009 fiscal year
Community Redevelopment Agency of Atascadero
Resolution No. RA 2008-003
Page 2 of 2
On motion by Board Member Luna, and seconded by Board Member Clay, the foregoing
Resolution is hereby adopted following roll call vote:
AYES Board Members Brennler, Clay, Luna, O'Malley and Chairperson Beraud
NOES None
ABSENT None
ABSTAINED- None
ADOPTED- October 28, 2008
ATTEST ren
By-
,,.,,,, Marcia McClure Torgerson, C.M.(�'
Agency Secretary
APPROVE S TO FO
By•
Bn Pierik
Agency Counsel
CITY OF ATASCADERO
Ellen Beraud
Chairperson