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<br />financing the buildings, facilities, structures, or other improvements are <br />available to the community; and the payment of funds for the cost of the <br />facilities, structures or other improvements will assist in the elimination of <br />one or more blighting conditions inside the project area or provide housing <br />for low- or moderate-income persons, and is consistent with the <br />implementation plan adopted by the Agency pursuant to Health & Safety <br />Code ~33490. <br /> <br />L. The Agency has reviewed the Cooperative Agreement between the Agency <br />and the City and hereby updates and reaffirms said Agreement. <br /> <br />Section 2. The fiscal year 2008-2009 budget of the Community Redevelopment <br />Agency of the City of Santa Ana is hereby approved and adopted pursuant to Health & <br />Safety Code ~ 33606. <br /> <br />Section 3. This Resolution shall take effect immediately upon its adoption by <br />the Agency Board, and the Agency Secretary shall attest to and certify the vote adopting <br />this Resolution. <br /> <br />ADOPTED this 2nd day of June, 2008. <br /> <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, General Counsel <br /> <br />By: ~~ {&'ihvi....- <br />Lisa E. Storck <br />Assistant Counsel <br /> <br />AYES: Boardmembers Alvarez. Benavides. Bustamante, Martinez, <br /> Pulido, Sarmiento, Tinaiero (7) <br />NOES: Boardmembers None (0) <br />ABSTAIN: Boardmembers None (0) <br />NOT PRESENT: Boardmembers None (0) <br /> <br />Resolution No. eRA 2008-003 <br />Page 3 of4 <br />