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G. Pursuant to Section 33334.2(g) of the Community Redevelopment Law, Housing Funds <br />may be used to assist in the provision of housing for low- or moderate - income households <br />outside the Redevelopment Project area if such use will be of benefit to the project. <br />H. The Agency shall use Housing Funds to purchase the Property, which is located outside <br />the Redevelopment Project area. <br />I. The Agency has duly considered all of the terms and conditions of the proposed sale, and <br />believes that the proposed sale is in the best interests of the City and the health, safety, <br />morals and welfare of its residents, and in accord with the public purpose and provisions of <br />applicable state and local laws and requirements. <br />J. The proposed sale of the Property is exempt from further review and in accordance with <br />the California Environmental Quality Act, categorical exemption ER No. 2004 -81 will be filed <br />for this project. <br />K. The Agency hereby finds and determines that the information set forth herein is true and <br />correct. <br />L. The Agency hereby finds and determines that the sale of the Property will provide <br />housing for low- or moderate - income persons. <br />M. The Agency hereby approves the purchase of the Property from the City. <br />Section 2. The Executive Director of the Agency or his /her designee ( "Executive Director ") <br />is hereby authorized, on behalf of the Agency, to execute such documents that are to be signed by <br />the Agency in connection with the sale of the Property, with such non - substantive changes as may <br />be approved by the Agency General Counsel. <br />Section 3. The Executive Director is hereby authorized, on behalf of the Agency, to sign all <br />documents necessary and appropriate to carry out and implement the sale and to administer the <br />Agency's obligations, responsibilities and duties to be performed. <br />Section 4. The Agency finds and determines that the use of the Housing Funds to purchase <br />the Property as authorized by this resolution will be of benefit to the project and assist in the <br />accomplishment of project objectives. <br />116 <br />