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RESOLUTION NO. 6233
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA FINDING THAT THE PROVISION OF
LOW AND MODERATE INCOME HOUSING OUTSIDE OF THE
PROJECT AREA IS OF BENEFIT TO THE CENTRAL
REDEVELOPMENT PROJECT
WHEREAS, the Redevelopment Agency of the City of Arcad.ia ("Agency") has
initiated Amendment No.5 to the Central Redevelopment Plan ("Plan"); and
WHEREAS, the City Council of the City of Arcadia ("City Council") and the
Agency will hold a joint public hearing on the proposed Plan; and
WHEREAS, in accordance with Section 33334,2(a) of California Community
Redevelopment Law ("CRL") (Health and Safety Code section 33000 et seq" not less
than twenty percent (20%) of all tax increment that is allocated to the Agency from the
Central Redevelopment Project Area ("Project" or "Project Area") shall be used for the
purposes of increasing, improving and preserving the community's supply of low and
moderate income housing; and
WHEREAS, CRL Section 33334.2(g) provides that the Agency may use funds
outside the Project Area upon adoption of resolutions by the Agency and the City
Council finding that the provision of low and moderate income housing outside the
Project Area is of benefit to the Project; and
WHEREAS, future locations of such housing for low and moderate income
families cannot be fully determined at this time,
NOW THEREFORE, THE CITY COUNCil OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AS RESOLVE AS FOLLOWS:
6233
SECTION 1, Pursuant to CRL Section 33334.2(g), the City hereby finds that the
provision of low and moderate income housing outside the boundaries of the Project
Area will be of benefit to the Project Area, as more land may be required than is
available within the Project Area for development of affordable housing,
SECTION 2. Pursuant to CRL Section 33334,2(g), the City hereby authorizes the
use of Low and Moderate Income Housing Funds outside the boundaries of the Projeet
Area,
SECTION 3. The findings and determinations set forth herein shall be deemed
final and conclusive,
SECTION 4. The City Clerk shall certify the adoption of this Resolution and shall
cause the same to be processed in the manner required by law,
Passed, approved and adopted this 10th day of July 2001,
ATTEST:
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I Clerk. \
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APPROVED AS TO FORM:
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City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D, ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6233 was passed and adopted by the City Council of the
City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular
meeting of said Council held on the 10th day of July, 2001 and that said Resolution
was adopted by the following vote, to wit:
A YES: Councilmember Chandler, Chang, Marshall and Segal
NOES: None
ABSENT: Councilmember Kovacic
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