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11/3/06 Ies <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 />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; 4) <br />the number of dwelling units housing persons or families of low- or moderate - <br />income in the Replacement Housing which will be available at affordable housing <br />cost and which is at least equal to the number of dwelling units being <br />demolished, and which have an equal or greater number of bedrooms as those in <br />the demolished Property and; 5) a timetable for meeting the Replacement <br />Housing Plan's relocation, rehabilitation and replacement housing objectives not <br />later than four years after demolition of the Property. <br />H. In accordance with the California Environmental Quality Act, Categorical <br />Exemption No. ER 2006 -176 will be filed for this 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 />6 -10 <br />