HomeMy WebLinkAboutReso 2002-061 - Affordable Housing - ,
RESOLUTION NO. 2002- (,f
A RESOLUTION OF THE REDDING CITY COUNCIL EXTENDING THE TIME
PERIOD DURING WHICH THE REDDING REDEVELOPMENT AGENCY MAY
RETAIN PROPERTY IDENTIFIED AS ASSESSOR'S PARCEL NUMBERS
104-420-037,-038,-040,-041, and-042 FOR THE DEVELOPMENT OF HOUSING
AFFORDABLE TO PERSONS AND FAMILIES OF LOW AND MODERATE
INCOME.
WHEREAS, the Redding Redevelopment Agency, on April 9, 1997, accepted title to property
identified as Assessor's Parcel Numbers 104-420-037,-038,-040,-041,and-042,which was acquired using
moneys from the Low-and Moderate-Income Housing Fund; and
WHEREAS,Section 33334.16 of the California Health and Safety Code stipulates that the Agency
shall,within five years from the date it acquired the property,initiate activities consistent with development
of the property for housing affordable to persons and families of low and moderate income; and
WHEREAS,to date,the Agency has not initiated development of the property for that purpose;and
WHEREAS, Section 33334.16 of the California Health and Safety Code provides that if
development has not been initiated within this period, the legislative body may extend the period during
which the Agency may retain the property for one additional period not to exceed five years; and
WHEREAS,the City Council,as the legislative body for the City of Redding,wishes to extend the
period for the Agency to retain the property for not more than an additional five years.
NOW,THEREFORE BE IT RESOLVED,by the City Council of the City of Redding,as follows:
1. The intention of the extension is for the property to be used for the development of housing
units affordable to persons and families of low and moderate income.
2. In the event that physical development of the property for this purpose has not begun by the
end of the extended period,or if the Agency does not comply with this requirement,the property shall be sold
and the proceeds from the sale shall be deposited in the Low and Moderate Income Housing Fund.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a Regular Meeting
of the Redding City Council on the 16' day of April 2002 and was duly adopted at said meeting by the
following vote:
AYES: COUNCIL MEMBERS: Cibula, McGeorge, Pohlmeyer, Stegall and Kight
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
sit
Pat Kight,Ma
ATTEST: APPROVED AS TO FORM:
it
Confiie Strohmayer,City Clerk W. Leonard Wingate,Ci ttorney
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ITEM:
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FEETDWG. NO: APNS 104-420-037 & -038 ATTACHMENT:
0DATE PRODUCED: APNS 104-420-040, -041 & -042
104420004 APRIL 15, 2002