HomeMy WebLinkAboutRES NO RA2-03.re ` 0
RESOLUTION NO. R A 2 0 3 ._.
A RESOLUTION OF THE BAKERSFIELD
REDEVELOPMENT AGENCY FINDING THAT PLANNING
AND ADMINISTRATIVE EXPENSES FROM THE
AGENCY'S LOW AND MODERATE INCOME HOUSING
FUNDS FOR THE 2003 -2004 FISCAL YEAR ARE
NECESSARY FOR THE PRODUCTION, IMPROVEMENT
OR PRESERVATION OF LOW AND MODERATE INCOME
HOUSING.
WHEREAS, pursuant to California Redevelopment Law (Health & Safety Code
Section 33000 et. Seq.) the Bakersfield Redevelopment Agency ( "Agency ") is required
to establish a fund for the purpose of increasing and improving the community's supply
of low- and moderate - income housing ( "Low and Moderate Income Housing Fund "); and
WHEREAS, the Agency has established Low and Moderate Income Housing
Funds for the purpose of increasing and improving the community's supply of low- and
moderate - income housing in each of the City's three project areas; and
WHEREAS, Health & Safety Code section 33334.3(d) allows the Agency to use
moneys contained in the Low and Moderate Income Housing funds for planning and
general administrative activities associated with the development, improvement and
preservation of low- and moderate - income housing so long as the amount spent on
such activities is not disproportionate to the amount actually spent for the costs of
production, improvement or preservation of that housing: and
WHEREAS, Health & Safety Code section 33334.3(d) requires that the Agency
annually determine that the planning and administrative expenses are necessary for the
actual production, improvement or preservation of low- and moderate - income housing in
the City of Bakersfield.
NOW, THEREFORE, IT IS HEREBY RESOLVED by the Bakersfield
Redevelopment Agency as follows:
Section 1: That the above recitals are true and correct.
Section 2: That the planning and administrative expenses in the amount of
$75,000 for the 2003 -2004 Fiscal Year are necessary for the production,
improvement and preservation of low- and moderate - income housing in the City
of Bakersfield.
AG EIVCY
0Rl %NAL
HEREBY
the Bakersfield
MAY 12
CERTIFY that the foregoing Resolution was passed and adopted by
Redevelopment Agency at a regular meeting thereof held on
2003 , by the following vote:
AYES: AGENCY MEMBER MISHOE, COHEN, DAVENPORT, MARTINEZ, PRINCE, RAPHAEL, SCHROEDER
NOES: AGENCY MEMBER
ABSTAIN: AGENCY MEMBER
ABSENT: AGENCY MEMBER h �,nQ
SECRETARY of the Bakersfie
Redevelopment Agency
APPROVED: MAY 12 2003
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'THWkS MIS E, CHAIRPERSON
BAKERSFIELD REDEVELOPMENT AGENCY
APPROVED AS TO FORM:
BART J THILTGEN
GENERAL COUNSEL
,7
,! JANICE SCANLAN
Deputy City Attorney
AG E1VCY
0AI G&NAL