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<br />2:24 PM <br /> <br />5/31/05 LES <br /> <br />RESOLUTION NO. CRA 2005-003 <br /> <br />A RESOLUTION OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF <br />SANTA ANA ADOPTING THE FISCAL YEAR <br />2005-2006 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 />Section 1. 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 S 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 2005-2006 presented to the Agency is <br />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. <br />The Projects are consistent with the 5-Year Implementation Plan, the <br />Redevelopment Plans (as amended) and the reduction and/or elimination of blight. <br /> <br />c. The Legislature has concluded that the term "redevelopment" includes <br />provision for open-space types of use, such as streets and other public grounds and <br />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 <br />and administrative expenses to be paid from the Low and Moderate Income <br />Housing Fund for each redevelopment project are necessary for the production, <br />improvement, or preservation of low- and moderate-income housing pursuant to <br />Health and Safety Code S 33334.3(d) and are not disproportionate to the amounts <br />budgeted for the costs of production, improvement or preservation of that housing. <br />Such costs are necessary and proportionate to the amount proposed for actual <br />housing assistance activities for the year. <br /> <br />e. The Agency hereby finds that the planning and administrative <br />expensesbudgeted last fiscal year from the Low and Moderate Income Housing <br />Fund were necessary and appropriate for the production, improvement, or <br />preservation of low- and moderate-income housing pursuant to Health and Safety <br />Code S 33334.3(d) and were not disproportionate to the amounts actually spent last <br />year for the costs of production, improvement or preservation of that housing. <br /> <br />f. The Agency has retained certain interests in real property acquired <br />using moneys from the Low and Moderate Income Housing Fund, and has not <br /> <br />Resolution No. eRA 2005-003 <br />Page 1 of 22 <br />