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<br />"" <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />< <br /> <br />r" <br /> <br />REL:mb(14) <br />5/31/88 <br />Rev. 7/20/89 <br /> <br />RESOLUTION NO. 89-09 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOP- <br />MENT AGENCY OF THE CITY OF SANTA ANA <br />MAKING CERTAIN FINDINGS PURSUANT TO <br />SECTION 33334.2 OF THE COMMUNITY RE- <br />DEVELOPMENT LAW FOR FISCAL YEAR 1989-90. <br /> <br />WHEREAS, section 33334.6 was added to the Community <br />Redevelopment Law (Health and Safety Code Sections 33000 et ~.) <br />by Chapter 1135 of the Statutes of 1985 of the State of Cali- <br />fornia (Assembly Bill No. 265); and <br /> <br />WHEREAS, said section 33334.6 has the effect of re- <br />quiring, subject to certain exceptions, that the Community <br />Redevelopment Agency of the City of Santa Ana (the "Agency") <br />deposit at least 20 percent of the tax increment revenues from <br />its original ("Central City") redevelopment project area (as <br />established by the Santa Ana Redevelopment Plan as amended by <br />Ordinance No. NS-1258 on June 2, 1975) into said Agency's "Low <br />and Moderate Income Housing Fund;" and <br /> <br />WHEREAS, among the exceptions to said requirement <br />is the exception set forth in paragraph (3) of subdivision (a) <br />of section 33334.2 of the Community Redevelopment Law, to the <br />effect that the Agency may, in lieu of providing such deposit <br />into the "Low and Moderate Income Housing Fund" from its tax <br />increment revenues from the "Central City" project area, pro- <br />vide an equivalent deposit of funds derived from other sources; <br />and <br /> <br />WHEREAS, the City of Santa Ana has created four <br />redevelopment project areas in addition to the "Central City. <br />redevelopment project area, and the Agency has, in three of these <br />additional project areas, allocated tax increment revenues well <br />in excess of the 20 percent minimum allocation to its "Low and <br />Moderate Income Housing Fund;" and <br /> <br />WHEREAS, the total of such excess allocations exceeds <br />20 percent of the tax increment revenues derived from the "Central <br />City Project Area" for fiscal year 1989-1990: <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. Pursuant to paragraph (3) of subdivision (a) of section <br />33334.2 of the Community Redevelopment Law, the Community Re- <br />development Agency of the City of Santa Ana hereby finds and <br />determines as follows: <br /> <br />4A <br /> <br />7 <br />