HomeMy WebLinkAboutReso. 1981 - 144 - Finding that use of taxes from Canby-Hilltop-Cypress redevelopment project for purpose of improving and increasing community's supply of low- and moderate-income housing outside the project area will be of benefit to the project062981
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COUNCIL RESOLUTION NO.� L
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RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDDING FINDING THAT THE USE OF TAXES
ALLOCATED FROM THE CANBY-HILLTOP-CYPRESS
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 Redevelopment Agency of the City of
Redding (the "Agency") has prepared a proposed Redevelopment
Plan (the "Redevelopment Plan") for the Canby -Hilltop -Cypress
Redevelopment Project (the "Project") which would result in
the allocation of taxes from the Project Area to the Agency
for purposes of redevelopment; and
WHEREAS, Section 33334.2 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et
seq.) requires that not less than 20 percent 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'Health and Safety
Code 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 REDDING
DOES HEREBY FIND AND RESOLVE that the use of taxes allocated
from the Project for the purpose of improving and increasing
the community's supply of low- and moderate -income housing
available at affordable cost outside the Project Area and
within the City of Redding will be of benefit to the
Project.
PASSED AND ADOPTED this 6th
1981, by the following vote:
day of July
AYES: Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES: None
ABSENT: None
ATTEST:
I
City Clerk
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