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.. ' I I . . . , . RESOLUTION NO. 97-7 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING A REPLACEMENT HOUSING PLAN FOR ACQUISITION OF RESIDENTIAL PROPERTY LOCATED ON MCFADDEN AVENUE, IN THE SOUTH MAIN STREET REDEVELOPMENT PROJECT AREA THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA AND HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: SECTION 1. The Santa Ana City Council adopted the Redevelopment Plan for the Santa Ana South Main Street Redevelopment Project on July 6, 1982 by Ordinance No. NS 1639 (the "Redevelopment Project"). SECTION 2. The Agency is undertaking a street widening project within the Redevelopment Project Area, requiring the acquisition of residential real property (the "Property"), which currently contains approximately 29 dwelling units, SECTION 3. Section 33413.5 of the California Health and Safety Code requires that not less than 30 days prior to the execution of an agreement for acquisition of real property, or the execution of an agreement for the disposition and development of property, or the execution of an owner participation agreement, which agreement would lead to the destruction or removal of dwelling units from the low- and moderate-income housing market, the Agency shall adopt by resolution a Replacement Housing Plan. SECTION 4. The Agency has prepared a Replacement Housing Plan relating to the acquisition of the Property, in the form presented by the Agency Executive Director. SECTION 5. The Agency has made a draft of the Replacement Housing Plan available to the public and to other public agencies for a reasonable time prior to this meeting, following the publication of notice of the availability of the draft Replacement Housing Plan for review and comment. SECTION 6. The Replacement Housing Plan includes 1) the general location of housing to be rehabilitated, developed or constructed pursuant to Section 33413 (the "Replacement Housing"); 2) an adequate means of financing éhe Replacement Housing; 3) a finding that éhe Replacement Housing does not require the approval of the voters pursuant to Article XXXIV of the California Constitution; 4) the number of dwelling units housing persons ~r families of low- cr moderate-income in éhe Replacement Housing which will be available at affordable housing cost to very-low-income persons or families, and which is at least equal to the number of dwelling units in the Property, and which have an equal or greater number of bedroom~ as those in the Property; and 5) a timetable for meeting the Replacement Housing Plan's objectives not later than four years afté~ acquisition of the Property. 5/5/97 10:25 AM