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<br />5/20/08 LES <br /> <br />RESOLUTION NO. CRA 2008-003 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF THE CITY OF SANTA ANA ADOPTING THE <br />FISCAL YEAR 2008-2009 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 Redevelopment <br />Agency of the City of Santa Ana ("Agency") must adopt an annual budget. <br /> <br />B. The draft budget for fiscal year 2008-2009 presented to the Agency is <br />designed to further implement the Agency's mandate to reduce or eliminate <br />the physical and economic conditions that cause blight within the City of <br />Santa Ana. The Projects are consistent with the 5-Year Implementation <br />Plan, the Redevelopment Plans (as amended) and the reduction and/or <br />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 <br />grounds and space, and the replanning or redesign of stagnant or <br />improperly utilized areas which exist because of defective or inadequate <br />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 <br />Housing Fund for each redevelopment project are necessary for the <br />production, improvement, or preservation of low- and moderate-income <br />housing pursuant to Health and Safety Code S 33334.3(d) and are not <br />disproportionate to the amounts budgeted for the costs of production, <br />improvement or preservation of that housing. Such costs are necessary <br />and proportionate to the amount proposed for actual housing assistance <br />activities for the year. <br /> <br />E. The Agency hereby finds that the planning and administrative expenses <br />budgeted last fiscal year from the Low and Moderate Income Housing Fund <br />were necessary and appropriate for the production, improvement, or <br />preservation of low- and moderate-income housing pursuant to Health and <br />Safety Code S 33334.3(d) and were not disproportionate to the amounts <br />actually spent last year for the costs of production, improvement or <br />preservation of that housing. <br /> <br />Resolution No. eRA 2008-003 <br />Page 1 of4 <br />