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E. The Agency has prepared a Replacement Housing Plan relating to the <br />acquisition and rehabilitation of the Property, in the form presented by the <br />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 />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 National Environmental Policy Act and the California <br />Environmental Quality Act, this project is exempt from further review. Categorical <br />Exemption No. ER 2006 -203 has been 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 />ADOPTED this 5th day of March 2007. <br />Resolution No, CRA 2007 -001 <br />Page 2 of 3 <br />