ARA88-016ANAHEIM REDEVELOPMENT AGENCY
RESOLUTION NO. ARA88-16
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY
DETERMINING THE AMOUNT WHICH THE AGENCY IS
EXCUSED FROM DEPOSITING IN THE LOW AND MODERATE
INCOME HOUSING FUND FOR THE 1.985-86 FISCAL YEAR
ON ACCOUNT OF REDEVELOPMENT PROJECT ALPHA: AND
FINDING THAT SUCH AMOUNT IS NECESSARY TO MAKE
PAYMENTS UNDER EXISTING OBLIGATIONS OR IN ORDER
TO PROVIDE FOR THE ORDERLY AND TIMELY COMPLETION
OF PUBLIC AND PRIVATE PROJECTS, PROGRAMS, OR
ACTIVITIES OF REDEVELOPMENT PROJECT ALPHA FOR THE
1985-86 FISCAL YEAR
WHEREAS, the City Council of the City of Anaheim has heretof or adopted
the Redevelopment Plan for Redevelopment Project Alpha prior to January 1,
1977; and
WHEREAS, the Anaheim Redevelopment Agency (the "Agency") is engaged in
activities necessary and appropriate to carry out the Redevelopment Plan; and
WHEREAS, pursuant to Section 33334.6 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq) the Agency
shall deposit into the Low and Moderate Income Housing Fund for Redevelopment
Project Alpha in Fiscal Year 1985-86 no less than 20 percent of the tax
increment funds allocated to the Agency for such Project in that Fiscal Year,
except as necessary to pay for existing obligations and/or existing projects,
programs, or activities; and
WHEREAS, the Agency has 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 had determined that it is necessary to deposit into
the Low and Moderate Income Housing Fund for Redevelopment Project Alpha in
Fiscal Year 1985-86, less than the amount otherwise required by
subdivision (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
public and private projects, programs, or activities contained on the Agency's
Statement of Existing Programs.
NOW, THEREFORE, BE IT RESOLVED by the Anaheim Redevelopment Agency as
follows:
1. The Agency hereby finds that the difference between the amount
deposited into the Low and Moderate Income Housing Fund for Redevelopment
Project Alpha for Fiscal Year 1985-86 and the amount required by
subdivision (c) of Section 33334.6, as shown on Exhibit A (attached hereto and
incorporated herein by this reference), is necessary to make payments under
existing obligations contained on the Agency's adopted Statement of Existing
Obligations, of amount due or required to be committed, set aside, or reserved
by the Agency during Fiscal Year 1985-86, and which have been or will be used
by the Agency for that purpose.
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2. The Agency hereby finds that the deposit of less than the amount
required by subdivisions (c) and (d) of Section 33334.6 to be deposited into
the Low and Moderate Income Housing Fund for Redevelopment Project Alpha for
Fiscal Year 1983-86, as shown on Exhibit A to this Resolution, is necessary in
order to provide for the orderly and timely completion of public and private
projects, programs, or activities which are contained in the Agency's adopted
Statement of Existing Programs.
THE FOREGOING RESOLUTION is approved and adopted by the Anaheim
Redevelopment Agency this 16th day of .August , 1988.
ATTEST:
SE TAR
ANAHEIM REDEVELOPMENT AGENCY
0613F
6/9/88
FR:kal
CHAIRMAN
ANAHEIM REDEVELOPMENT AGENCY
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. ARA88-16 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 16th day of
August, 1988, by the following vote of the members thereof: 0
AYES: AGENCY MEMBERS: Ehrle, Hunter, Kaywood, Pickler and Bay
NOES: AGENCY MEMBERS: None
ABSEivT: AGENCY MEMBERS: None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the 17th day of August, 1988.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 17th day of
August, 1988.
(SEAL)
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EXHIBIT A
REDEVELOPMENT PROJECT ALPHA
Low and Moderate Income Housing Fund
1985-86
Actual Tax Increment
Twenty Percent (20a) of Actual Tax Increment
Existing Obligations Paid with Tax Increment
Principal Retirement Series "D" Tax Allocation
Refunding Bond
Interest on Series "D" Tax Allocation Refunding Bond
Placentia Unified School District Agreement
Existing Projects, Programs or
$ 14,903,000
2.980.600
Total: 8,263,140
1,125,000
5, 700, 000
1,438,140
Activities Paid with Tax Increment:
Total:
$ 6,639,860
Heritage Square St. Project
- Coop
Agmt
#20
76,668
Kellogg Drive St and Right -of Way- Improv
- Coop
Agmt
#27
1.231612
Harbor Blvd, Broadway, Clementine,
- Coop
Agmt
#28
751,954
and Chestnut Streets
Anaheim Blvd -Lemon St to Cypress St
- Coop
Agmt
#29
136,009
La Palma Ave -Imperial Hwy to Grove St
- Coop
Agmt
#31
11921,912
Coronado -Van Buren. St to Jefferson St
- Coop
Agmt
#32
153,643
Orangethorpe Ave -Imperial Hwy to Kraemer
- Coop
Agmt
#33
1,076,798
Downtown Area - Crosswalk Reconstruction
- Coop
Agmt
#35
115,855
Meyer Investment Properties (Parcels 8&9)
Broadway PH
I
2,283,409
0613F
7/6/88