RDA Resolution 2004-013
RESOLUTION NO. RA 2004-013
r
I
i I A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
. J
THE CITY OF LA QUINT A DETERMINING THAT THE
PLANNING AND ADMINISTRATION EXPENSES TO BE
FUNDED IN FISCAL YEAR 2004-05 BY THE LOW AND
MODERATE INCOME HOUSING FUND ARE NECESSARY
FOR THE PRODUCTION, IMPROVEMENT AND/OR
PRESERVATION OF AFFORDABLE HOUSING FOR LOW
AND MODERATE INCOME HOUSEHOLDS
WHEREAS, the City Council of the City of La Quinta has heretofore
adopted the Redevelopment Plan for Project Area 1 on December 29, 1 983 by
Ordinance No. 43; and
WHEREAS, the City Council of the City of La Quinta has heretofore
adopted the Redevelopment Plan for the Project Area 2 on May 16, 1989 by
Ordinance No.1 39 and
WHEREAS, pursuant to Section 33334.2(a) of the California Community
-- Redevelopment Law (Health and Safety Code Section 33000 et seq.) not less
than 20% of all taxes which are allocated to the Agency shall be set aside by
.~ ~~ - the Agency in a Low and Moderate Income Housing Fund and 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 costs to people and families of low-and moderate income,
and
WHEREAS pursuant to Section 33334.3 (d) o! the California Community
Redevelopment L w (Health and Safety Code Section 33000 et seq.) .it is the
intent of the Cali ornia State Legislature that the amount of money spent for
planning and gen+ral administration from the Low and Moderate Income Housing
Fund not be dis~roportionate to the amount actually spent for the cost of
production; !
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of
the City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate $1,001,544
of the estimated $9,150,088 2004-05 Affordable Housing Budget for the
- planning and administrative expenses necessary for the production,
improvement, and or preservation of low-and moderate-income housing
during the 2004-05 fiscal year.
Resolution No. RA 2004-013
Planning & Administrative Expenses FY 2004/2005
Adopted: July 20, 2004
Page 2
2. That the City Clerk shall certify to the passage and adoption of this
resolution and enter it into the book of original resolutions.
PASSED, APPROVED and ADOPTED at a regular meeting of the La
Quinta Redevelopment Agency held on this 20th day of July 2004, by the
following vote:
AYES: Members Adolph, Osborne, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
------"..
J
: ~/
TERRY H DERSON, Chair
La Quinta Redevelopment Agency
ATTEST:
~.,-Cd.~.~)
J . GREEK, CMC, Secretary
La Quinta Redevelopment Agency
(Seal)
APPROVED AS TO FORM:
~ - - --~ -----~. -
---- ---~--- ~---~- -- -~~-~