RDA Resolution 2006-008
RESOLUTION NO. RA 2006-008
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LA QUINT A DETERMINING THAT THE
PLANNING AND ADMINISTRATION EXPENSES TO BE
FUNDED IN FISCAL YEAR 2006-07 BY THE LOW-AND
MODERATE-INCOME HOUSING FUND ARE NECESSARY
FOR THE PRODUCTION, IMPROVEMENTAND10R
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, 1983 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. 139; 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) of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.)it is the
intent of the California State Legislature that the amount of money spent for
planning and general administration from the Low-and Moderate-Income Housing
Fund not be disproportionate to the amount actually spent for the cost of
production.
NOW, THEREFORE, BE IT RESOLVED by the RedevelopmentAgency of the
City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate $1,541,413
of the estimated $13,199,4422006-07 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 2006-07 fiscal year .
Resolution No. RA 2006-008
Planning & Administrative Expenses FY 2006/2007
Adopted: July 18. 2006
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 ata regular meeting of the La Quinta
Redevelopment Agency held on this 18th, day of July 2005, by the following
vote:
AYES: Members Adolph, Henderson, Kirk, Sniff, Chair Osborne
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
~~ ~ .,-fj
J - -So REEK. MMe. Age .. ecretary
La Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TO FORM: