Res 08-063
RESOLUTION NO 08-063
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA
FINDING THAT HOUSING FUND MONIES USED OUTSIDE THE PROJECT AREA
FOR PLANNING AND ADMINISTRATIVE COSTS IN FY 2008-09
WILL BE OF BENEFIT TO THE PROJECT AREA
WHEREAS, Section 33334.2 of the California Health and Safety Code requires that
not less than 20 percent of taxes which are allocated to the Redevelopment Agency be
used for the purpose of increasing, improving, and preserving the community's supply of
housing available at an affordable housing cost to households with low and moderate
incomes, and
WHEREAS, the 2005 to 2009 Redevelopment and Housing Implementation Plan,
approved by the Redevelopment Agency Board on December 21,2004, outlines projects
and programs that will increase, improve and preserve the supply of housing available at
an affordable housing cost to households with low and moderate incomes, and
WHEREAS, Section 33334 3(e) provides that the Redevelopment Agency may
charge its Low- and Moderate-Housing Fund for planning and administrative costs which
directly relate to qualified low- and moderate-income housing projects and programs, and
WHEREAS, Section 33334 3(d) of the California Health and Safety Code provides
that the Redevelopment Agency must determine annually that the planning and
administrative expenses paid by the Low- and Moderate-Housing Fund are necessary for
the production, improvement or preservation of low- and moderate-income housing, and
WHEREAS, the Redevelopment Agency may expend monies from its Low- and
Moderate-Income Housing Fund for affordable housing projects and programs outside the
Project Area upon a finding by the Legislative Body that said expenditures are of benefit to
the Project Area, and
WHEREAS, Redevelopment Agency staff have completed a thorough analysis
calculating the estimated costs directly associated with the planning and administration of
affordable housing projects and programs that will be charged to the Low- and Moderate-
Housing Fund during FY 2008-09
Resolution No 08-063
Page 2
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as
follows
Section 1 The expenditure of monies from the Redevelopment Agency's Low-
and Moderate-Income Housing Fund in FY 2008-09 to cover costs associated with
planning and administering its affordable housing program will be necessary for the Agency
to meet its obligation to increase, improve, and preserve the supply of affordable housing
available within the City of Poway
Section 2. The estimated expenditure of $828,336 from the Redevelopment
Agency's Low- and Moderate-Income Housing Fund in FY 2008-09 will be necessary to
cover actual costs incurred by the Agency in its efforts to increase, improve and preserve
the community's supply of housing available at an affordable housing cost to households
with low and moderate incomes.
Section 3 The amount of $828,336 will represent the estimated cost of planning
for and administering the affordable housing program, and said cost will not be
disproportional to the Housing Fund monies expended to produce, improve or preserve
said affordable housing
Section 4 Housing Fund monies that may be expended during FY 2008-09 for
planning and administering the affordable housing program, some activities of which could
be outside the Paguay Redevelopment Project Area, benefit the Project Area.
PASSED, ADOPTED, AND APPROVED by the City Council of the City of Poway,
California, at a regular meeting this 5th day of August 20
ayor
ATTEST
,.
CS4~-~ /~W7?YJ;v1
Salam Hasenin, City Clerk
Resolution No 08-063
Page 3
STATE OF CALIFORNIA )
) SS
COUNTY OF SAN DIEGO )
I, Salam Hasenin, City Clerk of the City of Poway, do hereby certify under penalty of
perjury that the foregoing Resolution No 08-063 was duly adopted by the City Council at a
meeting of said City Council held on this 5th day of August 2008, and that it was so
adopted by the following vote
AYES EMERY, HIGGINSON, CAFAGNA
NOES NONE
ABSENT BOYACK, REXFORD
DISQUALIFIED NONE
~ -:;~t!~.-y-14 ~e.1" '\
Salam Hasenin, City Clerk
City of poway