HomeMy WebLinkAbout89-109RESOLUTION NO. 89-109
REL:mb(6)
10/12/89
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA, CALIFORNIA, FINDING THAT THE
USE OF TAXES ALLOCATED FROM THE BRISTOL CORRIDOR
REDEVELOPMENT PROJECT FOR THE PURPOSE OF IMPROVING
AND INCREASING THE COMMUNITY'S SUPPLY OF LOW AND
MODERATE INCOME HOUSING OUTSIDE THE PROJECT AREA
WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, the Community Redevelopment Commission of the
City of Santa Ana, California, has prepared a proposed Redevelop-
ment Plan for the Bristol Corridor Redevelopment Project which
would result in the allocation of taxes from the Project Area to
the Redevelopment Agency of the City of Santa Ana for purposes of
redevelopment; and
WHEREAS, Section 33334.2 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.)
requires that not less than 20 percent of all taxes so allocated
be used by the Agency for the purpose of improving and increasing
the community's supply of low and moderate income housing available
at affordable housing cost, unless certain findings are made; and
WHEREAS, Section 33334.2(g) of the Health and Safety Code
provides that the Agency may use such funds outside the Project
Area if a finding is made by resolution of the Agency and the City
Council that such use will be of benefit to the Project~
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SANTA ANA that the use of taxes allocated from the Bristol
Corridor Redevelopment Project for the purpose of improving and
increasing the community's supply of low and moderate income housing
available at affordable costs outside the Project Area and within
the City of Santa Ana will be of benefit to the Project.
ADOPTED this 20th day of N0vember , 1989.
ATTEST:
J~ice C. Guy / . ~
Clerk of the Council '
COUNCILMEMBERS:
Young
Acosta
Griset
May
McGuigan
Norton
Pulido
Aye
Mayor
APPROVED AS TO FORM:
~r
City Attorney