HomeMy WebLinkAboutResolutions - No. 2008-116RESOLUTION NO. 2008-116
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI FINDING
THAT THE PROVISION OF LOW- AND MODERATE -INCOME HOUSING
OUTSIDE THE PROJECTAREA WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, the Redevelopment Agency of the City of Lodi (the "Agency") has initiated
proceedings for the adoption of the Lodi Community Improvement Project (the "Project") and a project
area as established in connection therewith (the "Project Area") and has filed with the Lodi City Council
(the "City Council") its report to the City Council for the Lodi Community Improvement Project; and
WHEREAS, in accordance with Section 33334.2(a) of the Community Redevelopment Law (the
"CRL"), not less than twenty percent (20%) of all tax increment that is allocated to the Agency from the
Project Area shall be used for the purposes of increasing, improving, and preserving the community's
supply of low- and moderate -income housing available at affordable housing cost; and
WHEREAS, CRL Section 33334.2(g) provides that the Agency may use such funds outside the
Project Area upon adoption of resolutions by the City Council and the Agency finding that the provision of
low- and moderate-incomehousing outside the ProjectArea is of benefit to the Project: and
WHEREAS, such authority is necessary and appropriate because (i) future locations of housing
for low- and moderate -income families cannot be fully determined at this time and (ii) the governing board
of the Agency should be able to consider the most advantageous proposals from time to time concerning
the provision of affordable housing.
NOW, THEREFORE, BE IT RESOLVED by the City Council cf the City of Lodi as follows:
SECTION 1. Pursuant to CRL Section 33334.2(g), the City Council hereby finds that the
provision of low- and moderate -income housing outside the boundaries of the Project Area will be of
benefit to the Project.
SECTION 2. Pursuant to CRL Section 33334.2(g), the City Council hereby authorizes the use
of low- and moderate -income housing funds outside the boundaries of the Project Area.
SECTION 3. The findings and determinations set forth herein shall be deemed final and
conclusive. This Resolution shall take force and effect as of the date this Resolution is approved,
Date: June 18, 2008
I hereby certify that Resolution No . 2008-116 was passed and adopted by the Lodi City Council in
a regular meeting held June 18, 2008, by the following vote:
AYES: COUNCIL MEMBERS— Hansen, Johnson, and Katzakian
NOES: COUNCIL MEMBERS— Mayor Mounce
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS— Hitchcock
2008-116
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NIFER . PERRIN
puty City Clerk