HomeMy WebLinkAboutRES NO RA007-11RESOLUTION NO. ~A 0 O 7- 1 1
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
2011-2012 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 $475,523 in planning and administrative expenses for
fiscal year 2011-2012 are necessary for the production, improvement and
preservation of low- and moderate-income housing in the City of
Bakersfield.
AGENCY
HEREBY CERTIFY that the foregoing Resolution was passed and
adopted by the Bakersfield Redevelopment Agency at a regular meeting
thereof held on MAY 0 9 2011 , by the following vote:
YES• AGENCY MEMBER BENTLEY, KN PA P, KOMAN, ORDIZ, PICKETT, 15 %XLA
NOES: AGENCY MEMBER r\
ABSTAIN: AGENCY MEMBER
SEN ' AGENCY MEMBER Q( \ 0C.S',
ROBERTA GAFFORD
SECRETARY of the Bakersfield
Redevelopment Agency
APPROVED: MAY 0 9 2011
By
LAIPY KOMAN, CHAIRPERSON
Bakersfield Redevelopment Agency
APPROVED AS TO FORM:
VIRGINIA GENNARO
GENERAL COUNSEL
OSHUA H. RUDNICK
Deputy City Attorney 11