HomeMy WebLinkAboutResolutions - No. RDA2008-06RESOLUTION NO. RDA2008-06
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LODI
FINDING THAT THE PROVISION OF LOW -AND MODERATE -INCOME HOUSING
OUTSIDE THE PROJECT AREA 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 -income housing outside the Project Area 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 Redevelopment Agency of the City of Lodi
as follows:
SECTION 1. Pursuant to CRL Section 33334.2(g) the Agency 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. Pursuantto CRL Section 33334.2(g), the Agency 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.
Dated: June 18,2008
hereby certify that Resolution No. RDA2008-06 was passed and adopted by the Members
of the Redevelopment Agency of the City of Lodi in a regular meeting held June 18, 2008, by the
following vote:
AYES: MEMBERS— Hansen, Johnson, and Katzakian
NOES: MEMBERS — Chairperson Mounce
ABSENT: MEMBERS — None
ABSTAIN: MEMBERS— Hitchcock
NNIFERIffII. PERRIN
Deputy Secretary
RDA2008-06