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nano ie5 <br />RESOLUTION NO. 2010- <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA ADOPTING A REPLACEMENT <br />HOUSING PLAN FOR THE RESIDENTIAL PROPERTY LOCATED AT <br />609, 613, AND 615 E. SIXTH STREET <br />BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY <br />OF SANTA ANA, AS FOLLOWS: <br />Section 1: The Board of the Community Redevelopment Agency of the City of <br />Santa Ana hereby finds, determines and declares as follows: <br />A. Community Redevelopment Law ("CRL") allows a redevelopment agency to <br />clear or remove buildings, structures or other improvements from any real <br />property acquired and owned by the Agency (Health and Safety Code section <br />33420). <br />B. Whenever the Agency destroys or removes dwelling units from the low and <br />moderate income housing markets, the Agency shall adopt, by resolution, a <br />replacement housing plan, which shall specify how and where the Agency shall <br />provide replacement housing units (Health and Safety Code section 33413). <br />C. The Agency purchased the property located at 609, 613, and 615 E. <br />Sixth Street, (the "Property") to be used for a future housing project that <br />will include affordable housing. <br />D. Section 33413.5 of the California Health and Safety Code requires that not <br />less than 30 days prior to the execution of an agreement for acquisition of real <br />property, or the execution of an agreement for the disposition and development <br />of property, or the execution of an owner participation agreement, which <br />agreement would lead to the destruction or removal of dwelling units from the <br />low- and moderate-income housing market, the Agency shall adopt by <br />resolution a Replacement Housing Plan. <br />E. The Agency has prepared a Replacement Housing Plan relating to the Property, <br />in the form presented by the Agency Executive Director. <br />F. The Agency has made a draft of the Replacement Housing Plan available to the <br />public and to other public agencies for a reasonable time prior to this meeting, <br />following the publication of notice of the availability of the draft Replacement <br />Housing Plan for review and comment. <br />G. The Replacement Housing Plan includes 1) the general location of housing to be <br />rehabilitated, developed or constructed pursuant to section 33413 (the <br />"Replacement Housing"; 2) an adequate means of financing the Replacement <br />5-8 <br />