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Res 00-032RESOLUTION NO. 00- 032 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA FINDING THAT THE EXPENDITURE OF FUNDS FOR ACQUISITION OF AN AFFORDABLE HOUSING SITE LOCATED OUTSIDE THE PROJECT AREA BENEFITS THE REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency (the "Agency") is a community redevelopment agency organized and existing under the Community Redevelopment Law, Health and Safety Code Section 33000, et seq; and WHEREAS, not less than 20 percent of all tax increment allocated to the Agency must be placed in a fund (the "Housing Fund") and used for the purpose of increasing, improving and preserving the community's supply of Iow- and moderate-income housing available at affordable housing cost to persons and families of very-low, Iow and moderate incomes; and WHEREAS, Section 33334.2(g) of the California Health and Safety Code provides that the Agency may expend Housing Fund monies outside the Paguay Redevelopment Project Area (the "Project Area") upon resolution of the Agency and the City Council that the use will be of benefit to the Redevelopment Project; and WHEREAS, in order to carry out and implement the Redevelopment Plan (the "Plan") for the Project Area and the affordable housing requirements thereof, the Agency desires to appropriate Housing Fund monies for acquisition of seven parcels designated as an Affordable Housing (AH Oveday) site, located on Brighton Avenue between Temple and Edgemoor Streets, and one of the seven parcels to be acquired is located 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 Iow- and moderate-income housing located outside the redevelopment Project Area benefits the Redevelopment Project; and WHEREAS, one of the subject parcels ( APN 314-220-67) is located adjacent to the Project Area and it is estimated that this site, in combination with other Brighton Avenue properties, will yield up to 91 units of affordable housing for families with very Iow incomes and that residents of the future Brighton Avenue units may be employed in nearby commercial areas that are located within the Project Area and that they will expend personal income and support businesses located within the Project Area; and WHEREAS, the acquisition of the subject property is consistent with the AB 1290 Redevelopment and Housing Implementation Plan, as updated on June 29, 1999, which lists the acquisition of new sites with the AH Oveday designation as one of the activities Resolution No. 00- 032 Page 2 that the Agency will assist with Housing Fund monies in the period from July 1, 1999 to July 30, 2004. NOW, THEREFORE, the City Council of the City of Poway does resolve as follows: Section 1. The City Council hereby finds that the foregoing statements are true and correct, and incorporated herein. Section 2. The City Council hereby finds that the expenditure of monies from the Housing Fund for acquisition of seven parcels designated as an Affordable Housing (AH Oveday) site, located on Brighton Avenue between Temple and Edgemoor Streets (APN 314-220-07, 08, 09, 10, 11, 12, and 67 ) is of benefit to the Project Area for the reasons set forth above. PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, at a regular meeting thereof this 2nd day of May, 2000 Don Higginson, DeVp~ty Mayor ATTEST: nne Peoples, cit~'Ole~ -- Resolution No. 00- 032 Page 3 STATE OF CALIFORNIA ) ) COUNTY OF SAN DIEGO ) SS. I, Lod Anne Peoples, City Clerk of the City Council of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution 00- 032 was duly adopted by the City Council of the City of Poway at a regular meeting of said Council held on the 2nd day of May, 2000, and that it was so adopted by the following vote: AYES: ENERY, GOLDBY, NOES: NONE ABSTAIN: NONE ABSENT: REXFORD, HIGGINSON CAFAGNA ~oo ri?A~'n~n'e p e~oo ~~~r~' City of Poway N:\ClTY~RDA\BRIGHTAC.RES