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i <br /> k { <br /> RES~LUTI~N N. CRA ~0~ <br /> A RES~LlJTION ~F THE C~N~UNITY REDEIIEL~PN~ENT <br /> AGENCY QF THE CITY QF SANTA ANA AD~PTIN CEA <br /> FII~DINC ~F FACT AND ~ STATEMENT ~P ~1lERRIDIN <br /> C~NSIDERATI~NS, AD~PT~N MITIATI~N MNIT~RIN <br /> AND REPQRT~N~ PRCRAI~, APPR~1lIN A DISP~SITl~N <br /> AND DE1IEL~PMENT ACREE#~ENT BET111lEEN TFIE AGENCY <br /> AND SANTA ANA STATION DISTRICT, I..,LC, A CALIFORNIA <br /> LIMITED LIABILITY COMPANY, AND #~AK[NC PI~IDINCS IN <br /> C~NNECTI~~1 THEREVt~ITH <br /> Section ~ .The Board of the Cor~rrrunity Redevelopment Agency of the City of Santa Ana <br /> <br /> hereby finds, determines and declares follows: <br /> A~ Sections ~3~4,2 and 3~~4. of the California Redevelopr~ent Lain, Health <br /> and Safety Code Section 3000, e~e~. ~"CRL"}, authorize and direct the <br /> Cornr~unity Redeve[opmentAgency of the City of Santa Ana ~"Agency'}} to <br /> expend a certain percentage of a[I taxes which are allocated to the Agency <br /> pursuant to CRL Section 336~~ forthe purposes of increasing, improving and <br /> preserving the cor~n~unity's suppl~i of housing avalla~le at an affordable <br /> housing post to persons and families of very Iow, Iow, and moderate income; <br /> and, <br /> B. Pursuant to applicable provisions of the CRL, the Agency has established a <br /> Low and Moderate Income Housing Fund ~"[dousing Fund"}, ar~d pursuant to <br /> RL Section ~.~~e}, in carrying out ifs affordable housing activities, the <br /> Agency i authorised to provide subsidies to orforthe benefit of very low <br /> income and lower income households, or persons and families of Iow or <br /> roderate income, to the extent those households cannot obtain housing at <br /> affordable costs on the open market, and to provide financial assistance far <br /> the construction and rehabilitation of housing which gill be rude available at <br /> an affordable hauling cost to such peronsx and <br /> C. Pursuant to CRL Section 34~ ~b~, the Agency is required to ensure that at <br /> least ~ 5 percent of ali new and substantially rehabilitated dwelling units <br /> developed within a project area under the jurisdiction of the Agency by private <br /> or public entities or persons otherthan the Ager~cyshall be available at <br /> affordable housing cost to persons and families of love or moderate income; <br /> and <br /> D. The Agency currently owns certain real property ~"Agency Parcels"} [orated <br /> within the City of Santa Ana ~"City"}, which property is also partially located <br /> within the geographic boundaries the "Project Area"'} of the Merged Project <br /> ~~`[~erged Project"}, and i attempting tv acquire other real property that i <br /> currently owned by third parties ~"Additior~a[ Properties'}} ~theAgency Parcels <br /> and Additional Properties are collectively referred to as the "Site"};and <br /> Resolution No. CRA ~o~ 0-X <br /> Page ~ of ~ <br /> .l <br /> <br />