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<br />06/11/02LS <br /> <br />. <br /> <br />RESOLUTION NO. CRA 2004-08 <br /> <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA ADOPTING THE FISCAL YEAR <br />2004-2005 BUDGET <br /> <br />BE IT RESOLVED BY THE MEMBERS OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />1. Findinqs. The Community Redevelopment Agency of the City of Santa Ana <br />conclusively finds, determines and declares as follows: <br /> <br />a. Pursuant to Health & Safety Code § 33606, the Community <br />Redevelopment Agency of the City of Santa Ana ("Agency") must adopt an annual <br />budget. <br /> <br />b. The draft budget for fiscal year 2004-2005 presented to the Agency <br />is designed to further implement the Agency's mandate to reduce or eliminate the <br />physical and economic conditions that cause blight within the City of Santa Ana. The <br />Projects are consistent with the 5-Year Implementation Plan, the Redevelopment Plans <br />(as amended) and the reduction and/or elimination of blight. <br /> <br />. <br /> <br />c. The Legislature has concluded that the term "redevelopment" <br />includes provision for open-space types of use, such as streets and other public grounds <br />and space, and the replanning or redesign of stagnant or improperly utilized areas which <br />exist because of defective or inadequate street layout. <br /> <br />d. The Agency hereby finds and determines that the planning and <br />administrative expenses to be paid from the Low and Moderate Income Housing Fund for <br />each redevelopment project are necessary for the production, improvement, or <br />preservation of low- and moderate-income housing pursuant to Health and Safety Code § <br />33334.3(d) and are not disproportionate to the amounts budgeted for the costs of <br />production, improvement or preservation of that housing. Such costs are necessary and <br />proportionate to the amount proposed for actual housing assistance activities for the year. <br /> <br />. <br /> <br />e. The Agency has retained certain interests in real property acquired <br />using moneys from the Low and Moderate Income Housing Fund, and has not initiated <br />activities consistent with the development of the property for the development of housing <br />affordable to persons and families of low and moderate income within the statutory five <br />(5) year period. The addresses of the two properties are as follows: 622 N. Lacy and 625 <br />N. Garfield. The Agency intends that these two properties shall be used for the <br />development of housing affordable to persons and families of low and moderate income, <br />and hereby requests a five (5) year extension in furtherance of said purpose pursuant to <br />Health and Safety Code § 33334.16. <br /> <br />Resolution No. CRA 2004-08 <br />Page 1 of 3 <br />