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11 /19/07 les <br />RESOLUTION NO. 2007- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING THE RELOCATION PLAN FOR <br />RESIDENTIAL PROPERTY LOCATED AT 817 AND 821 SOUTH <br />TOWNSEND STREET AND 834 SOUTH RAITT STREET <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS <br />FOLLOWS: <br />Section 1: The City Council of the City of Santa Ana ("Council") hereby <br />finds, determines and declares as follows: <br />A. The Community Redevelopment Agency ("Agency") is <br />assisting Townsend & Raitt, LLC with the acquisition and <br />rehabilitation of real property located at 817 and 821 South <br />Townsend Street and 834 South Raitt Street ("the Property"). <br />B. The Property is comprised of three buildings. Each building <br />currently has mainly one -bedroom units, with 4 two -bedroom units at both <br />817 and 821 S. Townsend Street, and 2 two -bedroom units at 834 S. Raitt <br />Street. After the rehabilitation, all of the units (except for one) will be <br />restricted to occupancy by very low income households at affordable <br />rents, restricted to occupancy by 50% (very -low income) of the area <br />median income. One unit located at 821 S. Townsend will be reserved for <br />the manager. In order to minimize relocation issues, current residents <br />whose incomes exceed 80 percent of the area median income will be <br />allowed to remain. The rents for these households will be increased to <br />either 30% of their monthly household income or market rent for the <br />neighborhood, whichever is lower. <br />C. Pursuant to California Government Code section 7260, et seq., a <br />public entity is required to adopt a relocation plan, by resolution, whenever <br />it enters into an agreement for acquisition of real property or an agreement <br />for the disposition and development of property which could lead to <br />displacement of people from their homes. <br />D. The relocation plan has been prepared in conformance with <br />applicable provisions of the California Government Code section 7260, et <br />seq., Relocation Guidelines (California Code of Regulations, Title 25), as <br />well United States Department of Housing and Urban Development <br />regulations. <br />Resolution No. 2007- <br />80B-48 <br />