HomeMy WebLinkAboutReso 2007-207 - Redding Redevelopment Agency
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RESOLUTION NO. 2007 - 207
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
104-230-068,104-230-070,104-230-072 AND 104-350-019 FOR THE DEVELOPMENT
OF HOUSING AFFORDABLE TO PERSONS AND FAMILIES OF LOW AND
MODERATE INCOME.
WHEREAS, the Redding Redevelopment Agency accepted title to the following properties on the
following dates, all of which were acquired using moneys from the Low- and Moderate-Income Housing
Fund: Assessor's Parcel Number 104-230-068 acquired on January 30,2003; Assessor's Parcel Numbers
104-230-070 and 104-230-072 acquired on November 11,2002; and Assessor's Parcel Number 104-350-019
acquired on December 20, 2002; 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 the properties, initiate activities consistent with development
of the properties for housing affordable to persons and families of low and moderate income; and
WHEREAS, to date, the Agency has not initiated development of the properties 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 properties 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 properties for not more than an additional five years.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Redding, as follows:
I. The intention of the extension is for the properties to be used for the development of housing
units affordable to persons and families of low and moderate income.
2. In the eventthat physical development of any of the properties 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(s)
on which physical development has not begun 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 6th day of November, 2007, and was duly adopted at said meeting by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Jones, Murray, and Dickerson
None
Stegall
None
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DICK DICKERSON, Mayor
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APPROVED AS TO FORM:
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