Res 04-091
RESOLUTION NO. 04-091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA MAKING
CERTAIN REQUISITE FINDINGS THAT THE
SUPORTING HOME OWNERSHIP IN POWAY PROGRAM
IS OF BENEFIT TO THE REDEVELOPMENT PROJECT AREA
WHEREAS, the Poway Redevelopment Agency (the "Agency") is desirous of creating
and providing a program for first-time homebuyers, known as the Supporting Home Ownership
in Poway Program (the "Program") to assist moderate income residents within the Paguay
Redevelopment Project Area (the "Project Area") and the City of Poway (the "City") in
accessing affordable housing; and
WHEREAS, the Agency is required by California Government Code Section 33334.2 to
set-aside and expend an amount not less than 20% of the taxes which are allocated to the
Agency to increase, improve, and preserve the community's supply of low- and moderate-
income housing available at affordable housing cost, such amounts being held in the Agency's
Low- and Moderate-Income Housing Fund (the "Housing Fund"); and
WHEREAS, California Health and Safety Code Section 33334.2 (e)(8) states that the
Agency may provide subsidies from the Housing Fund monies to, or for the benefit of, very
low, low- and moderate- income persons and families to the extent that those households are
unable to obtain affordable housing on the open market; and
WHEREAS, the Program will assist persons and families of low and moderate incomes,
as defined in Section 50093 of the California Health and Safety Code, to obtain safe, decent,
and sanitary housing at a cost which is affordable pursuant to the definition found in California
Health and Safety Code 50052.5; and
WHEREAS, the expenditure of Housing Fund monies to fund the Program will be of
benefit to the Project because the Program will operate both within and outside of the Project
Area; and
WHEREAS, through the adoption of Resolution 93-071, on May 25, 1993, the City
Council made general findings that the use of Housing Fund monies to increase, improve and
preserve the community's supply of low- and moderate-income housing located outside the
Redevelopment Project Area benefits the Redevelopment Project; and
WHEREAS, the Program serves as an integral component of a balanced affordable
housing program for the Project Area and the community to increase, improve, and preserve
the supply of housing in Poway available to persons and families with low and moderate
incomes.
Resolution No. 04- 091
Page 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as
follows:
Section 1: The recitals hereof are true and correct and are hereby incorporated into this
Resolution.
Section 2: The City finds that very low income households, lower- income households
and persons and families of low or moderate incomes have difficulty in obtaining housing in the
Project Area and the City at affordable costs on the open market.
Section 3: The City finds that the use of the Housing Fund or In Lieu Fund monies to
satisfy the Agency's obligations is for the purpose of increasing the community's supply of
housing available to persons and families of low and moderate incomes at affordable housing
cost pursuant to California Health and Safety Code Section 33334.2.
Section 4: The City finds that, pursuant to California Health and Safety Code Section
33334.2(g), the use of Agency Housing Fund monies or In-Lieu funds for the purpose of the
Agency fulfilling its obligations, as stated in the Agreement, will be of benefit to the Project
Area and areas of the community outside of the Project Area.
PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway at a
regular meeting this 26th day of October, 2004.
ATTEST:
~1h;Liu ~
Sherrie D. Worrell, Deputy City Clerk
Resolution No. 04- 091
Page 3
STATE OF CALIFORNIA )
)SS
COUNTY OF SAN DIEGO)
I, Sherrie D. Worrell, Deputy City Clerk of the City of Poway, do hereby certify the
foregoing Resolution No. 04- 091 was duly adopted by the City Council at a meeting of
said Council held on the 26th day of October, 2004, and that it was so adopted by the following
vote:
AYES:
EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA
NOES:
NONE
ABSTAIN: NONE
ABSENT: NONE
~N J J'I) J..(JI1''}:H ", R.
Sherrie D. Worrell, Deputy City Clerk
City of Poway