HomeMy WebLinkAboutResolutions - No. RDA2002-06AGENCY RESOLUTION NO. RDA2002-06
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LODI
FINDING THAT THE USE OF TAXES ALLOCATED FROM THE LODI
REDEVELOPMENT PROJECT NO. 1 FOR THE PURPOSE OF INCREASING,
IMPROVING, AND PRESERVING THE COMMUNITY'S SUPPLY OF LOW- AND
MODERATE -INCOME HOUSING OUTSIDE THE PROJECT AREA WILL BE
OF BENEFIT TO THE PROJECT
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WHEREAS, the Redevelopment Agency of the City of Lodi (the "Agency") has prepared a
proposed Redevelopment Plan (the `Redevelopment Plan") for the Lodi Redevelopment Project No. 1
(the "Project') which would result in the allocation of taxes from the Project Area to the Agency for the
purposes of redevelopment; and
WHEREAS, Section 33334.2 of the California Community Redevelopment Law (Health and
Safety Code Section 33000 et seq.) requires that not less than twenty percent (20%) of all taxes so
allocated be used by the Agency for the purpose of increasing, improving, and preserving the
community's supply of low- and moderate -income housing available at affordable housing cost; and
WHEREAS, Section 33334.2(g) of the Community Redevelopment Law provides that the Agency
may use such funds outside the Project Area if a finding is made by resolution of the Agency and the City
Council that such use will be of benefit to the Project.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF LODI DOES
HEREBY RESOLVE that the use of taxes allocated from the Project Area for the purpose of increasing,
improving, and preserving the community's supply of low- and moderate -income housing available at
affordable housing cost outside the Project Area will be of benefit to the Project.
Dated: June 19, 2002
I hereby certify that Resolution No. RDA2002-06 was passed and adopted by the Members of the
Redevelopment Agency in a special joint meeting of the Lodi City Council and the Redevelopment
Agency of the City of Lodi held June 19, 2002 by the following vote:
AYES: MEMBERS — Howard, Land, and Mayor Pennino
NOES: MEMBERS — Nakanishi
ABSENT: MEMBERS — None
ABSTAIN: MEMBERS — Hitchcock
PHILLIP A P NINO
Chairperson
Attest:
SUSA�JBLA�CKON���
Secretary
RDA2002-06