Res 10-036RESOLUTION NO. 10 -036
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 2009 -10
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 2010 to 2014 Redevelopment and Housing Implementation Plan,
approved by the Redevelopment Agency Board on December 15, 2009, 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 2009 -10.
Resolution No. 10 -036
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 2009 -10 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 $1,228,764 from the Redevelopment
Agency's Low- and Moderate - Income Housing Fund in FY 2009 -10 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 $1,228,764 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 2009 -10 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 15th day of June 2010.
Don Higginson, Mayor
ATTEST:
Resolution No. 10 -036
Page 3
STATE OF CALIFORNIA )
) SS
COUNTY OF SAN DIEGO )
I, Linda Troyan, MMC, City Clerk of the City of Poway, do hereby certify under
penalty of perjury that the foregoing Resolution No. 10 -036 was duly adopted by the
City Council at a meeting of said City Council held on this 15th day of June 2010, and
that it was so adopted by the following vote:
AYES: BOYACK, CUNNINGHAM, KRUSE, HIGGINSON
NOES: NONE
ABSENT: REXFORD
DISQUALIFIED: NONE
d royan, MMC, City Clerk
City of Poway