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94-187 ANAHEIM CITY COUNCIL RESOLUTION NO. 94R-187 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, FINDING THAT THE USE OF TAXES ALLOCATED FROM THE ANAHEIM STADIUM PROJECT FOR THE PURPOSE OF IMPROVING AND INCREASING THE COMMUNITY'S SUPPLY OF LOW- AND MODERATE-INCOME HOUSING OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT WHEREAS, the Anaheim Community Redevelopment Commission, has prepared a proposed Recovery Plan for the Anaheim Stadium Project which would result in the allocation of taxes from the Project Area to the Anaheim Redevelopment Agency for purposes of redevelopment; and WHEREAS, Section 33334.2 of the Health and Safety Code requires that not less than 20 percent of all taxes so allocated be used by the Agency for the purposes of improving and increasing the community's supply of low- and moderate-income housing available at affordable housing cost, unless certain findings are made; and WHEREAS, Section 33334.2(g) of the Health and Safety Code provides that the Agency may use such funds outside the Project Area if a finding is made by resolution of the Agency and the City Council that such use will be of benefit to the Project. NOW THEREFORE, BE IT FOUND AND RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM AS FOLLOWS: That the use of taxes allocated from the Anaheim Stadium Project for the purposes authorized in the Health and Safety Code related to improving and increasing the community's supply of low- and moderate-income housing available at affordable costs outside the Project Area and within the City of Anaheim will be of benefit to the Project. PASSED, APPROVED AND ADOPTED this9thay of August, 1994. Mayor ATTEST: City 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. 94R-187 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 9th day of August, 1994, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Feldhaus, Simpson, Pickler, Hunter, Daly NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIF that the Mayor of the City of Anaheim signed said Resolution No. 94R-187 on the 10th day of August, 1994. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 10th day of August, 1994. 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. 94R-187 was duly passed and adopted by the City Council of the City of Anaheim on August 9, 1994. CITY CLERK OF THE CITY OF ANAHEIM