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ARA1990-14RESOLUTION NO. ARA90--14 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY 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 Redevelopment 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 Fund 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 sites with onsite or offsite improvements; donating land to private or public persons or entities; constructing buildings or structures; acquiring building or structures; rehabilitating building 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, Subsection (g) of Section 33334.2 of the Act authorizes the Agency to use monies from the Low and Moderate Income Housing Fund inside or 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 beneBit 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 Agency 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 authorized under the Act will benefit the Project Areas; NOW, THEREFORE, the Anaheim Redevelopment Agency finds, declares and resolves as follows: 1. The Recitals above are fully incorporated into this resolution and finding. 2. Such expenditure of monies from the Low and Moderate Income Housing Fund for the purposes and programs 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 Agency is authorized to expend monies from the Low and Moderate Income Housing Fund for said programs. THE FOREGOING RESOLUTION is approved and adopted by the Anaheim Redevelopment Agency this 20th day of ~arch , 19 90. ANAHEIM REDEVELOP~_~. AGENCY ATTEST: -- SECRETARY ANAHEIM REDEVELOPMENT AGENCY EN-Resl 9/22/89 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. ARA90-14 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 20th day of March, 1990, by the following vote of the members thereof' AYES' AGENCY MEMBERS' Daly, Ehrle, Kaywood and Hunter NOES' AGENCY MEMBERS' None ABSENT' AGENCY MEMBERS' Pickler AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution on the 21st day of March, 1990. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 21st day of March, 1990. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL) 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. ARA90-14 was passed and adopted at a regular meeting of the Anaheim Redevelopment Agency held on the 20th day of March, 1990, by the following vote of the members thereof: AYES: AGENCY MEMBERS: Daly, Ehrle, Kaywood and Hunter NOES: AGENCY MEMBERS: None ABSENT: AGENCY MEMBERS: Pickler AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency signed said Resolution on the 21st day of March, 1990. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 21st day of March, 1990. SECRETARY OF THE ANAHEIM REDEVELOPMENT AGENCY (SEAL)