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"Replacement Housing"; 2) an adequate means of financing the Replacement Housing; 3) a finding that the Replacement Housing does not require the approval of the voters pursuant to Article XXXIV of the California Constitution; 4) the number of dwelling units housing persons or families of low- or moderate- income in the Replacement Housing which will be available at affordable housing cost and which is at least equal to the number of dwelling units being demolished, and which have an equal or greater number of bedrooms as those in the demolished Property and; 5) a timetable for meeting the Replacement Housing Plan's relocation, rehabilitation and replacement housing objectives not later than four years after demolition of the Property. Section 2. In accordance with the California Environmental Quality Act, the proposed project is exempt from further review per section 15061(b)(3) as the project will not have a significant effect on the environment. Categorical Exemption Environmental Review No. 2009-143 will be filed for this project. Section 3. The Agency hereby approves and adopts the Replacement Housing Plan in the form presented by the Executive Director. Section 4. This Resolution shall take effect immediately upon its adoption by the Community Redevelopment Agency, and the Secretary of the Agency shall attest to and certify the vote adopting this Resolution. .r+ CRA Resolution No. 2009-012 Page 2 of 3