HomeMy WebLinkAboutResolution 1999-041 RESOLUTION NO. 1999-041
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO
FINDING THAT THE USE OF TAXES ALLOCATED FROM THE
ATASCADERO REDEVELOPMENT PROJECT FOR THE
PURPOSE OF IMPROVING AND INCREASING THE COMMUNITY'S
SUPPLY OF LOW AND MODERATE INCOME HOUSING OUTSIDE
THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, the Atascadero Redevelopment Agency (the "Agency") has prepared a
proposed Redevelopment Plan (the "Redevelopment Plan") for the Atascadero Redevelopment
Project (the "Project") which would result in the allocation of taxes from the Project Area for the
Agency for the purposes of redevelopment; and,
WHEREAS, Section 33334.2 of the California Community Redevelopment Law requires
that not less than twenty percent (20%) of all taxes so allocated be used by the Agency for the
purpose of improving and increasing the community's supply of low and moderate income housing
available at affordable housing cost; and,
WHEREAS, Section 33334.2 (g) of the California Community Redevelopment Law
provides that the Agency may use such funds outside the 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;
NOW, THEREFORE,THE CITY COUNCIL OF THE CITY OF ATASCADERO DOES
HEREBY RESOLVE that the use of taxes allocated from the Project Area for the purpose of
improving and increasing the community's supply of low and moderate income housing available
at affordable housing cost outside the Project Area and within the City of Atascadero will be of
benefit to the Project.
PASSED AND ADOPTED by the Atascadero City Council this sixth day of July, 1999 by
the following vote:
AYES: Council Members Arrambide, Luna and Mayor Johnson
NOES: None
ABSENT: Council Member Lerno
ABSTAIN: Council Member Clay
LC;ITYO VTDERO
Ray Jo s , Mayo
ATTEST:
Marcia McClure Torgerson, Cit Clerk
Approved as to form:
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Roy f ley, City Attorrify