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11 /1/05 les <br />meeting, following the publication of notice of the availability of the draft <br />Replacement Housing Plan for review and comment. <br />G. The Replacement Housing Plan includes 1) the general location of housing to <br />be rehabilitated, developed or constructed pursuant to section 33413 (the <br />"Replacement Housing "; 2) an adequate means of financing the Replacement <br />Housing; 3) a finding that the Replacement Housing does not require the <br />approval of the voters pursuant to Article XXXIV of the California Constitution; <br />4) the number of dwelling units housing persons or families of low- or <br />moderate - income in the Replacement Housing which will be available at <br />affordable housing cost and which is at least equal to the number of dwelling <br />units being demolished, and which have an equal or greater number of <br />bedrooms as those in the demolished Property and; 5) a timetable for meetinc <br />the Replacement Housing Plan's relocation, rehabilitation and replacement <br />housing objectives not later than four years after demolition of the Property. <br />H. In accordance with the California Environmental Quality Act, the Property is <br />exempt from further review. Categorical Exemption No. ER 2005 -198 has been <br />filed for the Property. <br />Section 2. The Agency hereby approves and adopts the Replacement Housing <br />Plan in the form presented by the Executive Director. <br />Section 3. This Resolution shall take effect immediately upon its adoption by <br />the Community Redevelopment Agency, and the Secretary of the Agency shall attest to <br />and certify the vote adopting this Resolution. <br />4 -10 <br />