ARA1998-04RESOLUTION NO. ARA98-4
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY HNDING
THAT THE PROVISION OF LOW- AND MODERATE-INCOME HOUSING
OUTSIDE THE BOUNDARIES OF THE WEST ANAHEIM COMMERCIAL
CORRIDORS REDEVELOPMENT PROJECT WILL BE OF BENEFIT TO THE
PROJECT
WHEREAS, the Anaheim Redevelopment Agency (the "Agency") is proposing to add terntory to
the existing Brookhurst Commercial Coredors Redevelopment Project and change said project name to the
West Anaheim Commercial Corridors Redevelopment Project (the "Project"); and
WHEREAS, in accordance with Section 33334.2(a) of the Community Redevelopment Law (the
"CRL"), not less than twenty percent (20%) of all tax increment that is allocated to the Agency from the
Project shall be used for the purposes of increasing, improving, and preserving the community's supply of
low- and moderate-income housing; and
V~IEREAS, CRL Section 33334.2(g) provides that the Agency may use such funds outside the
Project upon adoption of resolutions by the Agency and City Council finding that the provision of low- and
mederate-income housing outside the Project Area is of benefit to the Project; and
WHEREAS, the exact extent of low- and moderate-income housing needs and the future locations
of such needs cannot be fully determined at this time; and
WHEREAS, the Project Area may not contain sufficient or feasible !and and improvements to
accommodate the Project's full provision of low- and moderate-income housing; and
WHEREAS, housing which impacts the Project and is suitable for rehabilitavlon for low- and
moderate-income families exists outside the Project Area.
NOW, THEREFORE, it is hereby resolved by the Anaheim Redevelopment Agency as follows:
SECTION 1:. Pursuant to CRL Section 33334.2(g), the Agency hereby finds that the provision
of low- and modem[e-income housing outside the boundaries of the Project will be of benefit to the Project.
SECTION 2: Pursuant to CRL Section 33334.2(g), the Agency hereby authorizes the use of low-
and moderate-income housing funds outside the boundaries of the Project.
APPROVED AND ADOPTED this 5th
SECRETARY
dayof Apr~, 1998.
FNDOC:S'~EVSVC~'~a.~OL~8424C. DOC