RDA Resolution 2007-007
RESOLUTION NO. RA 2007-007
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LA QUINTA DETERMINING THAT THE
PLANNING AND ADMINISTRATION EXPENSES TO BE
FUNDED IN FISCAL YEAR 2007-08 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, 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 33QOO 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 Redevelopment Agency of
the City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate
$1,920,004 of the estimated $9,020,111 2007-08 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 2007-08 fiscal year.
Resolution No. RA 2006-007
Planning & Administrative Expenses FY 2006/2.007
Adopted: July 17. 2007
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 17th, day of July, 2007, by the
following vote:
AYES: Members Adolph, Henderson, Kirk, Sniff, Chair Osborne
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
VERONICA J. TECINO, CMC, City Clerk
-La Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TO FORM:
M. KATHE INE JENSON, ncy Counsel
La Quinta Redevelopment Agency