ARA1990-10RESOLUTION NO. ARA90-10
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY ESTABLISHING AN INDEBTEDNESS OF
PROJECT ALPHA FOR THE 1985-1986 FISCAL YEAR
CONCERNING THE LOW AND MODERATE INCOME
HOUSING FUND; AND FINDING AND DETERMINING
THAT LESS THAN TWENTY PERCENT (20%) OF THE
TAXES ALLOCATED TO THE AGENCY PURSUANT TO
HEALTH AND SAFETY CODE SECTION 33670 IS THE
AMOUNT OF THE INDEBTEDNESS HEREBY
ESTABLISHED BECAUSE THE REQUIREMENTS OF
HEALTH AND SAFETY CODE SECTION 33334.2(a)(3)
HAVE BEEN MET
WHEREAS, the Anaheim Redevelopment Agency is a community
redevelopment agency organized and existing under the Community
Redevelopment Law, Health and Safety Code Section 33000 et seq.
(the "Act"); and
WHEREAS, the City Council of the City of Anaheim adopted the
Redevelopment Plan for the Alpha Redevelopment Project on
July 19, 1973 by Ordinance No. 3190, and as said plan was first
amended by the City Council on July 20, 1976 by Ordinance
No. 3567, and said plan was second amended by the City Council
on November 30, 1976 by Ordinance No. 3631, and as said plan was
third amended by the City Council on January 5, 1982 by
Ordinance No. 4300; and
WHEREAS, the Anaheim Redevelopment Agency is engaged in
activities necessary and appropriate to carry out such
redevelopment plan for Project Alpha; and
WHEREAS, pursuant to Section 33334.6 of the Act, the Agency
was required to establish a Low and Moderate Income Housing Fund
("Housing Fund") for such redevelopment Project Alpha for the
Fiscal Year 1985-1986 and for each fiscal year thereafter, and
to deposit into said Housing Fund not less than twenty percent
(20%) of the tax increment funds allocated to the Agency for the
Project Alpha in the applicable fiscal year, except as necessary
to make payments under existing obligations of amounts due or
required to be ¢ommitted,°~et aside, or reserved by the Agency
during that fiscal year in order to provide for the orderly and
timely completion of public and private projects, programs or
activities approved by the Agency prior to January 1, 1986; and
WHEREAS, the Agency has previously by Resolution No. 86-22
duly adopted its Statement of Existing Obligations and Statement
of Existing Programs for Redevelopment Project Alpha pursuant to
subdivision (f) of Section 33334.6; and
WHEREAS, the Agency determined by Resolution 88-16 that it is
necessary to deposit into the Housing Fund for Redevelopment
Project Alpha in Fiscal Year 1985-1986, less than the amount
otherwise required by subsection (c) of Section 33334.6, in
order to permit the Agency to make payments under existing
obligations contained on the Agency's Statement of Existing
Obligations and to provide for the orderly and timely completion
of the public and private projects, programs or activities
contained on the Agency's Statement of Existing Programs; and
WHEREAS, pursuant to subsection (g) of Section 33334.6, if
pursuant to subdivision (d) or (e) of said section, the Agency
deposited less than twenty percent (20%) of the taxes allocated
to the Agency pursuant to Section 33670 in any fiscal year in
the Housing Fund, the amount equal to the difference between the
percentage of taxes required to be set aside and the amount
deposited that year shall constitute a deficit of the Project
and be established as an indebtedness of the Redevelopment
Agency; and
WHEREAS, pursuant to subsection (c) of Section 33334.6 and
subsection (a)(3) of Section 33334.2, an Agency may deposit less
than twenty percent (20%) of the taxes which are allocated to
the Agency pursuant to Section 33670 for the purposes of
increasing, improving and preserving the community supply of low
and moderate income housing available at affordable housing cost
as defined by Section 50052.5, to persons or families of low or
moderate income as defined in Section 50093, and very low income
households as defined as Section 50105, if it is found that the
community is making a substantial effort to meet its existing
and projected housing needs, including its share of regional
housing needs, with respect to persons and families of low and
moderate income, particularly very low income households, as
identified in the Housing Element of the Community's General
Plan required by Article 10.6 (commencing with Section 65580) of
Chapter 3 of Division 1, of Title 7 of the Government Code, and
that this effort, consisting of direct financial contributions
of local funds used to increase, improve and preserve the supply
of housing affordable to persons and families of low or moderate
income and very low households, is equivalent in impact to the
funds otherwise required to be set aside pursuant to
Section 33334.2 and Section 33334.6: and
WHEREAS, in ~ddition to'any other local funds, the direct
financial contributions heretofore described may include federal
or state grants paid directly to a community in which the
community has the discretion of using for the purposes for which
moneys in the Housing Fund may be used; and
WHEREAS, the Agency intends by this Resolution to find that
in the 1985-1986 Fiscal Year the community made such a
substantial effort to meet i~s existing and projected housing
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needs, including its share of regional housing needs with
respect to persons and families of low and moderate income
through direct financial contributions of local funds used to
increase and improve the supply of housing affordable to persons
and families of low and moderate income such that for purposes
of establishing the heretofore described deficit of the Agency,
a percentage less than twenty percent (20%) of all taxes which
were allocated to the Agency pursuant to Section 33670 may be
determined; and
WHEREAS, for the fiscal year 1985-1986, the Agency expended
$837,453.00 of direct contributions of local funds to increase
and improve the supply of housing affordable to persons and
families of low and moderate income in equivalent impact to the
funds otherwise required to be set aside pursuant to
Section 33334.2 and Section 33334.6 for the purposes and in the
amounts described in Exhibit "A" to this Resolution; and
WHEREAS, the programs and expenditures described in
Exhibit "A" to this Resolution are hereby incorporated by this
reference as if fully set forth in this Resolution; and
WMEREAS, the programs and expenditures described in
Exhibit "A" to this Resolution evidence the expenditure of
$837,453.00 of local funds to increase and improve the supply of
housing affordable to persons and families of low and moderate
income: and
WHEREAS, twenty percent (20%) of the taxes allocated to the
Agency pursuant to Section 33670 for the Fiscal Year 1985-1986
is the amount of $2,970,948.77; and
WHEREAS, the Agency desires by this Resolution to establish
for the Fiscal Year 1985-1986 the amount of $2,133,495.77 as a
deficit of the Agency and an indebtedness thereof which deficit
shall be funded and thereafter used by the Agency for purposes
of increasing, improving and preserving the community's supply
of low and moderate income housing available at affordable
housing cost; and
WHEREAS, the indebtedness created by this Resolution shall
constitute an indebtedness of the Agency with respect to the
Redevelopment Rroject A1ph9 until paid in full: and
WHEREAS, the Agency intends by this Resolution after
establishing said indebtedness to authorize the Agency Treasurer
and Executive Director to take the steps necessary to establish
the amount of the indebtedness for the 1985-1986 Fiscal Year and
all other steps necessary to carry out the requirements of
Section 33334.6.
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NOW, THEREFORE BE IT RESOLVED by the Anaheim Redevelopment
Agency as follows:
,
As determined by Agency Resolution No. 88-16 due to
existing programs and existing obligations, the Agency
has deposited less than twenty percent (20%) of the
taxes allocated to the Agency pursuant to Section 33670
for the 1985-1986 iFiscal Year into the Low and Moderate
Income Housing Fund~ and
o
The Agency has made a substantial effort to meet its
existing and projected housing needs, including its
share of regional needs, with respect to persons and
families of low and moderate income, particularly very
low income households, as identified in the Housing
Element of the Community's General Plan required by
Article 10.6 (commencing with Section 65580) of
Chapter 3 of Division 1, of Title 7 of the Government
Code, and that this effort consisted of direct financial
contributions of $837,453.00 of local funds which were
used to increase and improve the supply of the housing
affordable to persons and families of low or moderate
income and very low income households in equivalent
impact to the fund otherwise required to be set aside
pursuant to Section 33334.2 and Section 33334.6 for the
programs described and the expenditures listed in
Exhibit "A" to this Resolution; and the Agency finds
that an amount of $837,453.00, as more fully described
in Exhibit "A" to this Resolution, shall be deducted
from $2,970,948.77, an amount equivalent to twenty
percent (20%) of all taxes which were allocated to the
Agency pursuant to Section 33670 for the 1985-1986
Fiscal Year, and the balance after such deduction,
$2,133,495.77, shall be established as a deficit of the
Agency and an indebtedness of Project Alpha pursuant to
Section 33334.6 and when funded by the Agency shall be
used for the purposes of increasing, improving and
preserving the community's supply of low and moderate
income housing available at an affordable housing cost
as defined by-Section 50052.5, to persons and families
of low and moderate income as defined in Section 50093,
and very low income households as defined in
Section,.50105; and
o
The Agency hereby authorizes and directs the Agency
Treasurer and the Agency Executive Director (or their
designees) to take the steps necessary to evidence the
indebtedness of Project Alpha created by this
Resolution: and said indebtedness of the redevelopment
Project Alpha will be repaid from taxes allocated to the
Agency pursuant to Section 33670 Through a plan to be
established by the Agency; and said indebtedness shall
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constitute an indebtedness of the Redevelopment Agency
with respect to the redevelopment Project Alpha until
paid in full.
The foregoing Resolution was regularly introduced and adopted
at a meeting of the Anaheim Redevelopment Agency, duly held on
the 20thday of March , 1990.
PASSED, APPROVED AND ADOPTED ON THIS 20thday of
March , 19 90.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF ANAHEIM )
I,~en~0~ ~. ~ / , Secretary of the Anaheim Redevelopment
Agency hereby certi.fy that the above and foregoing
Resolution No./%~)~[% duly and regularly passed and adopted by
the Agency, at a regular meeting thereof, held on the 3_~k day
of .~arc~ , 19~).
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the Seal of the Agency this ~ ~'day of ~4~~ , 1990.
Secretary of the Agency
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF ANAHEIM
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA90-10 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 20th day of
March, 1990, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Daly, Ehrle, Kaywood and Hunter
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Pickler
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the 21st day of March, 1990.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 21st day of
March, 1990.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY
( SEAL)
EXHIBIT "A"
20% SET ASIDE EXPENDITURES - RECAP' 1985-86
i ·
2.
3.
4.
Loan Program
Relocation
Affordable Homeownership
Cherokee 85/86
Total:
$73~ ,229
22,300
11,924
66,000
$837,453
PROGRAM DESCRIPTION$ AND EXPENDITURES OF
EQUIVALENT IMPACT FUNDS FOR 20% SET ASIDE OFFSET
The following are program descriptions funded out of City of
Anaheim and Anaheim Housing Authority discretionary funds used
to improve and increase housing for persons and families of low
and moderate income.
A. LOAN PROGRAMS:
Loans are available to income eligible and qualified
property owners who are making needed improvements to their
property or homes. The program is administered by the
Neighborhood Preservation Office staff who provide
counseling, financial assistance, and project coordination
during the construction period.
1. Direct Loans:
Direct loans are available to income
eligiblelborrowers to finance the repair and
improvement of properties with substandard housing
conditions. Through this program, the City makes
funding available for residential rehabilitation
financing at below-market rate costs. This loan
program is open to both single family property owners
and multi-family property owners.
These direct loans are available citywide with
interest rates dependent upon income, area, and family
size. Loan packaging and contract payments are
administered by the Neighborhood Preservation Office
staff.
2. Rehab Loans (Pay Back):
Funds which have been provided to property owners in
the form of direct loans that are subsequently repaid
are "recycled" and again made available to eligible
applicants to rehabilitate residential property. The
eligibility criteria used is the same as for other
Neighborhood Preservation Office loans.
3. Deferred Loans:
This is a loan made by the City to an income eligible
and qualified applicant to remedy uniform code
deficiencies in the applicant's residential
structure. The loan is due and payable at the end of
a five (5) year term unless the applicant is unable to
refinance it through market lenders. In such cases
the City will renew the loan for another five (5) year
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period. Loans to heads~of households sixty (60) years
of age or older may be deferred until the property is
sold or title of ownership is transferred. Loans to
multi-family buildings or rental units are allowed
only if fifty percent (50%) of the units are available
to and occupied by low income tenants at an affordable
housing cost.
·
Tool Bank:
Under the Tool Rental Assistance Pro~ram tools are
made available to income eligible homeowners in
specific target areas.
·
Rebates'
Qualified applicants for the rebate program may be
reimbursed up to fifty percent (50%) of home repair
costs spent by a low to moderate income owner for home
improvements in specific target areas.
Funding Source:
Community Development Block Grant (CDBG)
Expenditures'
·
Source Fiscal Yr
YTD Total
Benefit~/
CDBG 85/86 $737,229
50%-120% of median
B. CHEROKEE MOBILE HOME PARK:
Assisted low income residents of mobile home park with the
purchase of their limited-equity share to remain in park
due to conversion to a limited-equity cooperative ownership.
Funding Source'
CDBG
Expenditures:
Source Fiscal Yr YTD Total Benefit
CDBG 85/86 $ 66,000 80% below
Very Low Income - 50% or below of median income
Low Income - 80% or below of median income
Moderate Income - 120% or below of median income
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C. RELOCATION ADVISORY ASSISTANCE AND PAYMENT OF BENEFITS:
The City of Anaheim contracts with one or more professional
consultants to provide advisory assistance to individuals
and families who are impacted or displaced due to an
activity that is assisted with federal funds and such
impact or displacement triggers the provisions of the
Uniform Relocation Act and Section 570.606 of the CDBG
regulations.
Funding Source:
CDBG
Program:
Relocation/Rehab:
Costs incurred to relocate low income tenants impacted by
Housing Authority and/or City rehab programs.
Expenditures'.
Source Fiscal Xr YTD Total
CDBG 85/86 $ 22,300
D. AFFORDABLE HOMEOWNERSHIP PROG~%%~:
Patt Street Construction
Benefit
Relocation Service-
80% and below
The Housing Authority purchased land for the development
and implementation of an Affordable Homeownership Program.
The Housing Authority assists low to moderate income
applicants with the purchase of an affordable unit who are
first-time home buyers.
Funding Source:
Housing Authority Administrative Reserve
YTD Total
11,924
Benefit
Homeownership-120% below
Expenditures:
Source Fiscal Yr
CDBG 85/86
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