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ARA1991-18RESOLUTION NO. ARA91-18 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 1989-1990 FISCAL YEAR ON ACCOUNT OF REDEVELOPMENT PROJECT ALPHA; 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 REQUIRED TO BE FUNDED 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 California Community Redevelopment Law, Health and Safety Code Section 33000, et seq. (the "Act"); and WHEREAS, the City Council of the City of Anaheim (the "City Council") adopted the Redevelopment Plan (the "Plan") for the Alpha Redevelopment Project ("Project Alpha") on July 19, 1973 by Ordinance No. 3190, and as the Plan was first amended by the City Council on July 20, 1976 by Ordinance No. 3567, and as said plan was second amended by the City Council on November 30, 1976 by Ordinance No. 3631, and as the 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 the Plan for Project Alpha; and WHEREAS, pursuant to Section 33334.6 of the Act, the Agency was required to establish a Low and Mode[ate Income Housing Fund ("Housing Fund") for Project Alpha for the Fiscal Year 1985-1986 and for each fiscal year thereafter, and to deposit into the Housing Fund not less than twenty percent (20%) of the tax increment funds allocated to the Agency for Project Alpha in the applicable fiscal year; 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's 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 income households, is equivalent in impact to the funds otherwise required to be set aside pursuant to Section 33q34.2 and Section 33334.6; and WHEREAS, in addition 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 iDtends by this Resolution to find that in the 1989-1990 Fiscal Year the community made such 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, 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, 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 1989-1990, the Agency expended One Million Three Hundred Seventy-Seven Thousand Three Hundred Twenty-Four Dollars and Thirty-Eight Cents ($1,377,324.38) 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 WHEREAS, the programs and expenditures described in Exhibit "A" to this Resolution evidence the expenditure of One Million Three Hundred Seventy-Seven Thousand Three Hundred Twenty-Four Dollars and Thirty-Eight Cents ($1,377,324.38) of local funds to increase and improve the supply of housing 07/22/91 6293u/2621/007 2 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 1989-1990 is the amount of Four Million Forty Thousand Six Hundred Forty-One Dollars and Forty-Five Cents ($4,040,641.45); and WHEREAS, the Agency intends by this Resolution to authorize the Agency Treasurer and Executive Director to take the steps necessary to establish the amount of the funds deposited for the 1989-1990 Fiscal Year and all other steps necessary to carry out the requirements of Section 33334.6. NOW, THEREFORE BE IT RESOLVED by the Anaheim Redevelopment Agency as follows: · The Agency hereby finds it 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 City's General Plan required by A[ticle 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 One Million Three Hundred Seventy-Seven Thousand Three Hundred Twenty-Four Dollars and Thirty-Eight Cents ($1,377,324.38) 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 funds otherwise required to be set aside pursuant to Section 33334.2 for the programs described and the expenditures listed in Exhibit "A" to this Resolution; and the Agency finds that an amount of One Million Three Hundred Seventy-Seven Thousand Three Hundred Twenty-Four Dollars and Thirty-Eight Cents ($1,377,324.38), as more fully described in Exhibit "A" to this Resolution, shall be deducted from Four Million Forty Thousand Six Hundred Forty-One Dollars and Forty-Five Cents ($4,040,641.45), an amount equivalent to twenty percent (20%) of all taxes which were allocated to the Agency pursuant to Section 33670 for the 1989-1990 Fiscal Year, and the balance after such deduction, Two Million Six Hundred Sixty-Three Thousand Three Hundred Seventeen Dollars and Seven Cents ($2,663,317.07), shall be deposited into the Housing Fund 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 07/22/91 6293u/2621/007 -3- . 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. The Agency hereby authorizes and directs the Agency Treasurer and the Agency Executive Director (or their designees) to take the steps necessary to deposit said monies into the Housing Fund of Project Alpha. The foregoing Resolution NO.ARAgl-Bwas regularly introduced and adopted at a meeting of the Anaheim Redevelopment Agency, duly held on the 6th day of August , 1991. PASSED, APPROVED AND ADOPTED ON THIS 6th day of August 1991. ATTEST: Secretary 07/22/91 6293u/2621/007 -4- 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. ARA91-18 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 6th day of August, 1991, by the following vote of the members thereof: AYES: AGENCY MEMBERS: Simpson, Daly, Pickler, Ehrle and Hunter NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: None AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution No. ARA91-18 on the 7th day of August, 1991. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 7th day of August, 1991. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL) EXHIBIT "A" SUMMARY OF 20% SET-ASIDE EXPENDITURES JULY, 1989 TO JUNE, 1990 · · , · TOTAL: Loan Program (CDBG): Loans Staff cost Park Vista Relocation Payment (RAPs) Affordable Housing Monitoring Program (Staff Salary, Costs) Habitat For Humanity - Legal Fees (Stradiing, Yocca, Carlson & Rauth) $770,642 $394,030 $149,442 $34,056 (Salary) $25,757 (Burden) $59,813 3,397 $1,377,324 07/22/91 6293u/2621/007 -6-