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Res 00-117RESOLUTION NO. 00 - 117 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 1999-00 WERE 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 Iow and moderate incomes; and WHEREAS, the Redevelopment and Housing Implementation Plan, approved by the Redevelopment Agency on June 29, 1999, outlines projects and programs that will increase, improve and preserve the supply of housing available at an affordable housing cost to households with Iow and moderate incomes; and WHEREAS, Section 33334.3(e) provides that the Redevelopment Agency may charge its Housing Fund for planning and administrative costs which directly relate to qualified Iow- 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 Housing Fund are necessary for the production, improvement or preservation of Iow- 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, in 1993 the Redevelopment Agency approved a detailed method for calculating the actual cost of planning and administering the Agency's affordable housing projects and programs; and WHEREAS, Redevelopment Agency staff have completed a thorough analysis to calculate the actual costs directly associated with the planning and administration of affordable housing projects and programs that were charged to the Housing Fund during FY 1999-00. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Resolution No. 00-117 Page 2 Section 1. The expenditure of monies from the Redevelopment Agency's Low- and Moderate-Income Housing Fund in FY 1999-00 to cover costs associated with planning and administering its affordable housing program was necessary for the Agency to meet its obligation to increase, improve, and preserve the supply of affordable housing available within the City of Poway. ~. The expenditure of $459,664.77 from the Redevelopment Agency's Low- and Moderate-Income Housing Fund in FY 1999-00 was 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 Iow and moderate incomes. Section 3. The amount of $459,664.77 represents the actual cost of planning for and administering the affordable housing program, and said cost is not disproportional to the Housing Fund monies expended to produce, improve or preserve said affordable housing. Section 4. Housing Fund monies that were expended during FY 1999-00 for planning and administering the affordable housing program, some activities of which were outside the Paguay Redevelopment Project Area, benefit the Project Area. PASSED, ADOPTED, AND APPROVED by the City Council of the City of Poway, Califomia, at a regular meeting this lgth day of December, 2000. ATTEST: Michael P. nne ~'e0ples, City C~erk Resolution No. 00- 117 Page 3 STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO ) I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No, 00 -117 was duly adopted by the City Council at a meeting of said City Council held on the 19th day of December 2000, and that it was so adopted by the following vote: AYES: EMERY, NOES: NONE ABSTAIN: NONE ABSENT: NONE GOLDBY, HIGGINSON, REXFORD, CAFAGNA City of Poway