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Res 93-168RESOLUTION NO. 93-168 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY AFFIRMING THAT PLANNING AND GENERAL ADMINISTRATIVE COSTS INCURRED WERE NECESSARY TO INCREASE, IMPROVE AND PRESERVE THE SUPPLY OF AFFORDABLE HOUSING AVAILABLE WITHIN THE CITY OF POWAY 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; WHEREAS, the Comprehensive Affordable Housing Strategy approved by the City Council and Redevelopment Agency on June 15, 1993 outlines a balance of programs and projects that will increase, improve and preserve the supply of housing available at an affordable housing cost to households with low and moderate incomes over the next five years; 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 are necessary for the production, improvement or preservation of low- and moderate-income housing; and, WHEREAS, Redevelopment Agency staff, with the assistance of City staff, completed a thorough analysis to calculate the actual costs to the City and Redevelopment Agency directly associated with the planning and administration of affordable housing projects and programs during 1992-93. NOW, THEREFORE, the City Council of the City of Poway does resolve the following: Section 1: The expenditure of monies from the Redevelopment Agency's Low- and Moderate-Income Housing Fund to cover costs associated with planning and administering affordable housing projects and programs is necessary for the Agency to meet its obligations to increase, improve, and preserve the supply of affordable housing available within the City of Poway. Section 2: The expenditure of $204,007 from the Redevelopment Agency's Low- and Moderate-Income Housing Fund was necessary to cover costs incurred by the City and Agency for planning and administering the Agency's affordable housing activities during Fiscal Year 1992-93. Section 3: $204,007 represents the actual cost to the City and Redevelopment Agency of planning and administering affordable housing projects and programs during the 1992-93 fiscal year and said cost is not disproportional to the Housing Fund monies expended on affordable housing projects and programs. Section 4: Housing Fund monies which were expended for planning and administering affordable housing projects and programs developed or offered outside the Paguay Redevelopment Project Area are of benefit to said Project Area. Resolution No. 93-168 Page 2 PASSED, ADOPTED, AND APPROVED by the City Council of the City of Poway, California, at a regular meeting thereof this 14th day of December, 1993. Don Higginsoh, Mayod/~ ATTEST: Marjo Wahlsten, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 93-168 was duly adopted by the City Council at a meeting of said Council held on t-h-6-13th day of December, 1993, and that it was so adopted by the following vote: AYES: NOES: NONE ABSTAIN: NONE ABSENT: NONE CAFAGNA, CALLERY, EMERY, SNESKO, HIGGINSON Marjo~Wahlsten, City Cler City oT~way C: \BUDGET\ADH l NC. RES