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6/12/09 LES Mortimer, 505 E. 5th Street, 611 N. Lacy Street, 809-811 E. Brown, 1600 W. Memory Lane, 601 N. Lacy Street, 712 E. 5th Street, and 711 E. 6th Street. The Agency intends that these properties shall be used for the development of housing affordable to persons and families of low and moderate income, and hereby requests a five (5) year extension in furtherance of said purpose pursuant to Health and Safety Code § 33334.16. G. The Agency adopts by reference and incorporates as though fully set forth herein each and every finding contained in the supporting documentation which accompanies the draft budget for fiscal year 2009-2010, including but not limited to the memorandum from the Executive Director to the City Manager dated May 21, 2009, and the staff report from the Executive Director to the Agency Board, together with any exhibits attached to said documents. H. The draft budget for fiscal year 2009-2010, together with the supporting documentation presented to the Agency, complies in all respects with the requirements of the Community Redevelopment Law, including but not limited to Health & Safety Code § 33606. 1. For those expenditures proposed which are outside the Merged Redevelopment Project Area in the draft budget for fiscal year 2009-2010, the Agency finds and declares that such expenditures will be of benefit to the Merged Redevelopment Project Area. This finding is made pursuant to Health & Safety Code § 33334.2(g)(1). J. The Agency finds and declares, pursuant to Health & Safety Code § 33420.2, that because of the magnitude and severity of the graffiti within its Merged Redevelopment Project Area, any actions that the agency determines are necessary to remove graffiti from public or private property may be taken in order to effectuate the purposes of the redevelopment plan, and such removal actions shall assist with the elimination of blight, as defined in section 33031. K. The Agency finds and declares, pursuant to Health & Safety Code §33445 that certain publicly owned improvements shall be constructed or improved, financed partially or wholly, as determined by the Executive Director, with Agency funds within or without the project areas, thereby constituting debt of the Agency, except within the former Central City and Inter-City Project Areas. The legislative body has determined that the facilities, structures or other improvements listed in the Capital Improvement Plan (CIP) for fiscal year 2009-2010 and the McFadden Realignment Corridor money spent to improve traffic flow on South Main Street outside of the Merged Redevelopment Project Area, are of benefit to the Merged Redevelopment Project Area or the immediate neighborhood in which the project is located; no other reasonable means of financing the buildings, facilities, structures, or other improvements are available to the community; and the payment of funds for the cost of the facilities, structures or other improvements will assist in the elimination of one or more blighting conditions inside the project area or provide housing for low- or moderate-income persons, and is consistent with the implementation plan adopted by the Agency pursuant to Health & Safety Code §33490. CRA Resolution No. 2009-009 Page 2 of 7