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ARA1993-28RESOLUTION NO...ARA93-28 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY FINDING THAT THE USE OF TAXES ALLOCATED FROM THE BROOKHURST COMMERCIAL CORRIDOR REDEVELOPMENT 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, thc Anaheim Rcdcv¢lopmcnt Agency has prepared a proposed Redevelopment Plan for thc Brookhurst Commercial Corridor Redevelopment Project which would result in the allocation of taxes from the Project Area to thc Anaheim Redevelopment Agency for purposes of redevelopment; and WHEREAS, Section 33334.2 of the California Community Redevelopment Law (I-Icalth and Safcty Code Section 33000 et seq.) requires that not less than 20 pcrccnt of all taxes so allocated bc 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 ce~.~in findings are made; and ~rHEREAS, Section 33334.2(g) of thc 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 ANAHEIM REDEVELOPMENT AGENCY AS FOLLOWS: That the use of taxes allocated from the Brookhurst Commercial Corridor Redevelopment Project for the purposes authorized in the California Community Redevelopment Law and 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. .sA)OPTED AND APPROVED TI-IlS ~O._. DAY OF November · 1993. ATTEST: $c~r~ary APPROVED AS TO FORM: /~cncy Legal Counsel - 5794.A,~! 112k'93/DSW STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby certify that the foregoing Resolution No. ARA93-28 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 30th day of November, 1993, by the following vote of the members thereof: AYES: AGENCY MEMBERS: Feldhaus, Simpson, Pickler, Hunter, Daly NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution No. ARA93-28 on the 1st day of December, 1993. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 1st day of December, 1993. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL)