HomeMy WebLinkAbout1992-11-30; Housing & Redevelopment Commission; Resolution 218.p,
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RESOLUTION NO. 218
A RESOLUTION OF THE HOUSING AND REDEVELOPMENT
COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA
FINDING AND DETERMINING THAT THE USE OF MONIES
FROM THE LOW AND MODERATE INCOME HOUSING FUND
OUTSIDE TEE PROJECT AREA WILL BENEFIT THE PROJ: AREA AND AUTHORIZING THE EXPENDITURE OF SUCH F'
WHEREAS, the Redevelopment Agency of the City of
Carlsbad, hereinafter referred to as llAgencytl, is a
Community Redevelopment Agency organized and existing un
the Community Redevelopment Law, Health and Safetv Code
Section 33000, et seq., hereinafter referred to as the
''ActV1 ; and
WHEREAS, the Agency is authorized to implement the
Redevelopment Plan for the Carlsbad Village Redevelopmen
Project Area; and
WHEREAS, Section 33334.2 of the Act requires that nl
less than twenty percent (20%) of all taxes which are
allocated to the Agency pursuant to Section 33670 of the
shall be used by the Agency for purposes of increasing a
improving the community's supply of low and moderate inc
housing; and
WHEREAS, pursuant to Section 33334.2 of the Act, th
Legislature declares its intent that the Low and Moderat
Income Housing Fund shall be used to improve and increas
housing in the community; and
WHEREAS, to carry out the purposes of increasing an
improving the community's supply of low and moderate inc
housing, Section 33334.2 (e) of the Act states that the
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PAGE 2 RESOLUTION NO. 218
Agency may exercise any or all of its powers, including
without limitation, acquiring land or building sites,
improving land or building sites with onsite or offsite
improvements, donating land to private or public persons
entities, constructing buildings or structures, acquirinl
buildings or structures, providing subsidies to, or for
benefit of, very low income households, lower income
households, or persons or families of low and moderate
income, or other powers to carry out the purposes of the
Act; and
WHEREAS, subsection (9) of Section 33334.2 of the A
authorizes the Agency to use monies from the Low and
Moderate Income Housing Fund inside or outside the Projel
Area, but the agency may only use the funds outside the
Project Area upon resolution of the Agency and the City
Council finding that such use will be of benefit to the
Project Area; and
WHEREAS, the City Council, serving as the Housing a
Redevelopment Commision for the Agency, desires by this
resolution to declare that the expenditure of monies fro
the Low and Moderate Income Housing Fund outside the Pro
Area for the purposes of providing rental subsidies to 1
income will be of benefit to the Project Area;
I -. ad
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PAGE 3 RESOLUTION NO.218
NOW, THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Commission of the City of Carlsbad, Califo:
as follows:
1. That the Recitals above are fully incorporated
into this resolution and finding.
2. That the expenditures of monies from the Low a: Moderate Income Housing Fund for the purposes 1 providing rental subsidies to lower income households both inside and outside the Project Area, in which such funds are generated, are a: will be of benefit to the respective Project A:
3. That the Housing and Redevelopment Commission hereby authorizes the Agency to expend a maxim. of $300,000 from the Low and Moderate Income Housing Fund for the purposes of providing a rental assistance program for lower income households.
4. That the Low and Moderate Income Housing Funds will be used in combination with Federal Home Investment Partnership Program Funds (HOME) to finance the costs of providing rental subsidiel lower income households
PASSED, APPROVED AND ADOPTED at a regular meeting o
the Housing and Redevelopment Commission of the City of
Carlsbad held on the 17th day OfNOVEMBER, 1992 by the
following vote to wit:
AYES: Commissioners Lewis, Kulchin, Larson, Stanton, Nygaarc
NOES: None
ABSENT : None
ATTEST: