HomeMy WebLinkAboutReso 2006-053 - Affordable Housing
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RESOLUTION NO. 2006 - 53
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 NUMBER
104-350-028 FOR THE DEVELOPMENT OF HOUSING AFFORDABLE TO
PERSONS AND FAMILIES OF LOW AND MODERATE INCOME.
WHEREAS, the Redding Redevelopment Agency, accepted title to property identified as Assessor's
Parcel Number 104-350-028 on May 4, 2001, 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 acquires 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 time 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 as permitted by Section 33334.16 of the California Health and
Safety Code.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Redding, as follows:
1. The property identified as Assessor's Parcel Number 104-350-028 shall be extended to
May 4, 2011, for the development of affordable housing units for 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 18th day of April, 2006, and was duly adopted at said meeting by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS: Dickerson, Mathena, Pohlmeyer, Stegall, and Murray
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
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RICHARD A. DUVERNAY, City Attorney
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