HomeMy WebLinkAboutReso 2010-063 - Low and Moderate Income housing
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RESOLUTION NO. 2010 - 63
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
FINDING THAT THE USE OF TAXES ALLOCATED FROM THE CANBY-
HILL TOP-CYPRESS REDEVELOPMENT PROJECT AREA FOR THE PURPOSE
OF IMPROVING, PRESERVING, AND INCREASING THE COMMUNITY'S
SUPPLY OF LOW- AND MODERATE-INCOME HOUSING OUTSIDE THE
PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, on July 6, 1981, City of Redding Ordinance No. 1552 was introduced for first reading
and subsequently adopted on July 20, 1981, thereby approving the Redevelopment Plan for the Canby-
Hilltop-Cypress Redevelopment Project Area (CHC Project Area); and
WHEREAS, on July 6, 1981, the Redding Redevelopment Agency (Agency) adopted Resolution
No. 81-15 finding that the use oftaxes allocated from the CHC Project Area for the purpose of improving
and increasing the community's supply oflow- and moderate-income housing outside the Project Area will
be of benefit to the CHC Project Area; and
WHEREAS, on October 16, 1990, City of Redding Ordinance No. 1942 was introduced for first
reading and subsequently adopted on November 6, 1990, amending Ordinance No. 1552 thereby adopting
the amendment to the Redevelopment Plan for the CHC Project Area adding additional territory; and
WHEREAS, on October 16, 1990, the Agency adopted Resolution No. 90-28 finding that the use
of taxes allocated from the CHC Project Area's added area for the purpose of improving and increasing the
community's supply oflow- and moderate-income housing outside the CHC Project Area will be of benefit
to the CHC Project Area; and
WHEREAS, Section 33334.2 ofthe California Community Redevelopment Law [Health and Safety
(H&S) Code Section 33000 et seq.] requires that not less than twenty percent (20%) of all taxes allocated
to the Agency be used by the Agency for the purpose of improving, preserving, and increasing the
community's supply oflow- and moderate-income housing available at affordable housing cost; and
WHEREAS, the Agency each year, in accordance with H&S Code Section 33334.2 allocates no less
than twenty percent (20%) of all taxes allocated to the Agency for the purpose of improving, preserving, and
increasing the community's supply oflow- and moderate-income housing available at an affordable housing
cost; and
WHEREAS, Section 33334.2(g) of the H&S Code provides that an agency may use such funds
outside the project area if a finding is made by resolution of the agency and the legislative body that such
use will be of benefit to the project; and
WHEREAS, the Agency desires to utilize funds from the CHC Project Area's Low- and Moderate-
Income Housing Fund (LMIHF) to assist in the financing of housing activities, both inside and outside the
Project Area, for the purpose of meeting its regulatory obligations as set forth in H&S Code Sections a c,
33334.4, 33413(a), and 33413(b); and ~
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WHEREAS, pursuant to H&S Code Section 33334.6, the Legislature has found and declared that
the provision and improvement of affordable housing, as provided in H&S Code Section 33334.2, outside
of redevelopment project areas, can be of direct benefit to those projects in assisting the accomplishment
of project objectives whether or not those redevelopment projects provide for housing within the project
area. The Legislature further found and determined that the provision of affordable housing by
redevelopment agencies and the use of taxes allocated to the agency pursuant to subdivision (b) of H&S
Code 33670 is of statewide benefit and of particular benefit and assistance to all local governmental agencies
in the areas where the housing is provided.
NOW, THEREFORE, THE CITY COUNCIL OFTHE CITY OF REDDING DOES HEREBY
FIND AND RESOLVE the following:
1. That the foregoing recitals are true and correct.
2. That the use of taxes allocated from the CHC Project Area's LMIHF, both inside and outside
the Project Area, will be of benefit to the CHC Project Area by: (1) assisting the Agency to meet regulatory
obligations contained in H&S Code Sections 33334.4, 33413( a) and (b) through the financing of affordable
housing activities, including, but not limited to, property acquisition, new construction, rehabilitation, and
direct loan and grant programs to homebuyers and property owners, i.e., Paint Voucher Program, Homebuyer
Program and Homeowner Incentive Program; (2) assisting in the accomplishment of the CHC Project Area's
objectives; and (3) improving, preserving, and increasing the community's affordable housing stock.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting
of the City Council of the City of Redding on the 20th day of July, 2010, and was duly adopted at said
meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN :
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Bosetti, Dickerson, McArthur, Stegall, and Jones
None
None
None
ATTEST: .
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P AMEt<~.MIZE, City~Clerk
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APPROVED AS TO FORM:
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RICHARD A. DUVERNA)j, CIty Attorney
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