HomeMy WebLinkAboutRES NO RA005-08RESOLUTION NOa 0 0 5- 0 8
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 2008-2009 FISCAL YEAR ARE NOT
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 no 2008-2009 Fiscal Year planning and administrative
expenses are necessary for the production, improvement and preservation of
low- and moderate-income housing in the City of Bakersfield.
AGENCY
ORIGINAL
HEREBY CERTIFY that the foregoing Resolution was passed and adopted by
the Bakersfield Redevelopment Agency at a regular meeting thereof held on
JUN 0 2 YQIlB , by the following vote:
A~E~~ AGENCY MEMBER '!, KOIVIAN, MISHOE, ORDIZ, PICKETT, PRINCE, TAKII
`"IV6ES: AGENCY MEMBER ~~
ABSTAIN: AGENCY MEMBER
ABSENT: AGENCY MEMBER ~ f
~s~- SECRETARY of the Bal
Redevelopment Agency
APPROVED:
EDERICK PRIN E, CHAIRPERSON
BAKERSFIELD REDEVELOPMENT AGENCY
APPROVED AS TO FORM:
VIRGINIA GENNARO
GENERAL COUNSEL
HUA H. RUDNI K
eputy City Attorney, II
AGENCY
ORIGINAL