HomeMy WebLinkAboutReso 2006-182 - Shastec Redevelopment Project
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RESOLUTION NO. 2006 - 182
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
FINDING THAT THE USE OF TAXES ALLOCATED FROM THE AMENDED
SHASTEC REDEVELOPMENT PROJECT FOR THE PURPOSE OFIMPROVlNG
AND INCREASING THE COMMUNITY'S SUPPLY OF LOW-AND MODERA TE-
INCOME HOUSING OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT
TO THE PROJECT
WHEREAS, the Redevelopment Agency ofthe City of Redding, the Redevelopment Agency of
the City of Anderson, and the Redevelopment Agency of the County of Shasta (collectively referred to as
the "Partner Agencies") have prepared a 2006 Amendment to the Redevelopment Plan (the "Amended
Redevelopment Plan") for the SHASTEC Redevelopment Project (the "Project") providing for the
addition of new territory to the Project (hereinafter referred to as the "Added Area) which would result in
the allocation of taxes from the Added Area to the Partner Agencies for the 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 twenty percent (20%) of the taxes so
allocated be used by the Partner Agencies 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 Partner Agencies
may use such funds outside the boundaries of the Project if a finding is made by resolution of each of the
Partner Agencies and their respective Legislative Body 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 Area, including the
Added Area, for the purpose of improving and increasing the community's supply oflow- and moderate-
income housing available at affordable housing cost outside the boundaries ofthe Project Area and within
the City of Redding will be of benefit to the Project.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting
of the Redding City Council on the 3rd day of October, 2006, and was duly adopted at said meeting by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Dickerson, Mathena, Pohlmeyer, Stegall, and Murray
None
None
None
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APPROVED AS TO FORM:
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