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6/7/07 les <br />low- and moderate - income housing market, the Agency shall adopt by <br />resolution a Replacement Housing Plan. <br />E. The Agency has prepared a Replacement Housing Plan relating to the Property, <br />in the form presented by the 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 />Section 2. In accordance with the California Environmental Quality Act, the <br />proposed project is exempt from further review per section 15061(b)(3) as the project will <br />not have a significant effect on the environment. General Rule Exemption Environmental <br />Review No. 2007 -91 will be filed for this project. <br />Section 3. The Agency hereby approves and adopts the Replacement Housing <br />Plan in the form presented by the Executive Director. <br />Section 4. 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 />2 <br />6 -20 <br />