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f <br /> RECLUTI~N NC, <br /> A RE~LT1CN ~F THE CITY COUNCIL ~F THE CITY ~F <br /> ABTA AI~iA C~hIENTIN T~ THE APPR~IIAL ~F A <br /> DIP~ITIN AND DEVELOPMENT AGREEMENT <br /> BETwEEhI THE COMMUNITY REDEIIEL~PMENT <br /> AGENCY ~F THE CITY OF SANTA ANA AND SANTA ANA <br /> STATi~N DISTRICT, LLC, A CAL~FRNIA LIMITED <br /> LIABILITY C~~f PANY, AND MA#~IN FINDINGS <br /> iN ~NNECTICN THEREWITH <br /> BE IT RESOLVED SY THE CITY C~L~NCiL ~F THE CITY ~F SANTA ANA AS <br /> F~LLvIlS; <br /> Section ~ . The City Council of the City of Santa Ana hereby finds, determines <br /> <br /> and declares ~ follows; <br /> A~ Sections 4. and ~4.~ of the California Redevelopment Law, <br /> Health and Safety Code Section 30og, e~ seq. ~;`CRL'}}, authorize and <br /> direct the Community Redevelopment Agency of the City of Santa Ana <br /> ~`{Agency}'} to expend a cer#ain percentage of all taxes which are allocated <br /> to the Agency pursuant to CRL Section ~~0 forthe purposes <br /> increasing, improving and preserving the cor~runity' supply of housing <br /> available at an affordable housing cost to persons and families of very low, <br /> low, and moderate income; and <br /> B. Pursuant to applicable provisions of the CRL, the Agency has established <br /> a Low and Moderate Income Housing Fund {`Housing Fund"}; and <br /> C. Pursuant to CRL Section ~3~.~~e}, in carrying out its affordable housing <br /> activities, the Agency i authorized to provide subsidies to or for the <br /> benefit of very low income and louver income households, or persons and <br /> families of Iow or moderate income, to the extent those households cannot <br /> obtain housing at affordable oasts on the open n~ar~cet, and to provide <br /> financial assistance for the construction and rehabilitation of housing <br /> which gill be made available at an affordable housing cost to such <br /> persons; and <br /> D. Pursuant to CRL Section 4~ ~b}, the Agency is required to ensure that <br /> at least ~ percent of all new and substantially rehabilitated dwelling units <br /> developed within a project area under the jurisdiction of the Agency by <br /> private or public entities or persons other than the Agency shall be <br /> available at affordable housing cost to persons and farilie of low or <br /> moderate income; and <br /> Resoiutf~n No. ~00~~~~~ <br /> Wage o~ ~ <br /> `4 <br /> +J <br /> <br />