HomeMy WebLinkAboutReso 2010-050 - Lake Blvd
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RESOLUTION NO. 2010 - 50
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 114-060-032 (1081 LAKE
BOULEVARD) 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 114-060-032 on July 26, 2005, which was acquired using moneys from its Low- and Moderate-Income
Housing Fund (LMIHF); 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 period of time for the Agency to retain the property identified as Assessor's Parcel Number
114-060-032 (1081 Lake Boulevard) shall be extended to July 26,2015, 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 LMIHF.
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerso
None
None
None
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I HEREBY CERTIFY that the foregoing resolution was introd e and read at a regular meeting of the
Redding City Council on the I st day of June, 20 I 0, and was duly adop d at aid meeting by the following vote:
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RICHARD A. DUVERNA ,CIty Attorney
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