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90-080 RESOLUTION NO. 90R-80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM FINDING AND DETERMINING THAT THE USE OF MONIES FROM THE LOW AND MODERATE INCOME HOUSING FUND OUTSIDE THE PROJECT AREAS FOR THE PROGRAMS DESCRIBED HEREIN WILL BENEFIT THE PROJECT AREAS, AND AUTHORIZING THE EXPENDITURE OF SUCH FUNDS WHEREAS, the Anaheim Redevelopment Agency ("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 Agency is authorized to implement the RedevelOpment Plans for each of the Anaheim Redevelopment Projects (the "Plans") for each of the Project Areas (the "Project Areas"), including the Redevelopment Project Alpha, and the River Valley Project Area; and WHEREAS Section 33334.2 of the Act requires that not less than twenty percent (20%) of all taxes which are allocated to the Agency pursuant to Section 33670 of the Act shall be used by the Agency for purposes of increasing and improving the community's supply of low and moderate income housing ("Low and Moderate Income Housing Fund"); and WHEREAS, pursuant to Section 33334.2 of the Act, the Legislature declares its intent that the Low and Moderate Income Housing F~nd shall be used to improve and increase housing in the community; and WHEREAS, to carry out the purposes of increasing and improving the community's supply of low and moderate income housing, Section 33334.2(e) of the Act states the Agency may exercise any or all of its powers including, without limitation, acquiring land or building sites; improving land or building si~es with onsite or offsite improvements; donating land to private or public persons or entities; constructing buildings or structures; acquiring buildings or structures; rehabilitating buildings or structures; providing subsidies to, or for the benefit of, very low income households, lower income households, or persons or families of low and moderate income; or other powers to carry out the purposes of the.Act; and WHEREAS, Subsgction (g)- of Section 33334.2 of the Act authorizes the Agency to use monies from the Low and Moderate Income Housihg Fund inside our outside the Project Area, but the Agency may only use the funds outside the Project Area upon resolutions of the Agency and the City Council finding that such use will be of benefit to the Project Area; and WHEREAS, under said Subsection (g) of Section 33334.2 the Legislature declares that the provision of replacement housing pursuant to Section 33413 is always of benefit to a project area; and WHEREAS, the City Council desires by this Resolution to declare that the expenditure of monies from the Low and Moderate Income Housing Fund outside the project Areas from which such funds are generated for the programs and purposes described herein are authorized under the Act and will benefit the Project Areas; NOW, THEREFORE, the City Council of the city of Anaheim finds, declares, and resolves as follows: 1. The Recitals above are fully incorporated into this resolution and finding. 2. Such expenditures of monies from the Low and Moderate Income Housing Fund for the programs and purposes set forth above, which programs may be implemented in areas outside the Project Areas in which such funds are generated, are and will be of benefit to the respective Project Areas. 3. The City hereby authorizes the Agency to expend monies from the Low and Moderate Income Housing Fund for said programs. PASSED AND ADOPTED at a regular meeting of the city Council of the City of Anaheim on the 20thday of March , 19 9~ EN-Res2 City Clerk CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 90R-80 was introduced and adopted at a regular meeting provided by law, of the City Council of ~e City of Anaheim held on the 20th day of March, 1990, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Daly, Ehrle, Kaywood and Hunter NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Pickler AND I FURTHER certify that the Mayor of the City of Anaheim signed said Resolution No. 90R-80 on the 21st day of March., 1990. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Anaheim this 21st day of March, 1990. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 90R-80, duly passed and adopted by the Anaheim City Council on March 20, 1990. CITY CLERK OF THE CITY OF ANAHEIM