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<br />6r21oo LES <br /> <br />RESOLUTION NO. 2006-008 <br /> <br />A RESOLUTION OF THE <br />REDEVELOPMENT AGENCY OF <br />SANTA ANA ADOPTING THE <br />2006-2007 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 />COMMUNITY <br />THE CITY OF <br />FISCAL YEAR <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 ~ 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 2006-2007 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. <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" <br />includes provision for open-space types of use, such as streets and other public <br />grounds and space, and the replanning or redesign of stagnant or improperly <br />utilized areas which 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 <br />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 ~ 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 />expenses budgeted 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 ~ 33334.3(d) and were not disproportionate to the amounts actually spent <br />last 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 2006-008 <br />Page 1 of 3 <br />