RDA Resolution 2008-005RESOLUTION N0. RA 2008-005
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 2008-09 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 33334.21a) 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 Id) 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 Redevelopment Agency of
the City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate 51,062,776
of the estimated 58,998,052 Fiscal Year 2008-09 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 2008-09 fiscal year.
Resolution No. RA 2008-005
Planning & Administrative Expenses
FY 2008/2009
Adopted: July 75, 2008
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 15h day of July 2008, by the following
vote:
AYES: Board Members Adolph, Henderson, Osborne, Sniff, Chairman Kirk
NOES: None
ABSENT: None
ABSTAIN: None
M KI , Chairman
Q - to Redevelopment Agency
ATTEST:
VERONICA J.gfONTECINO, Agency
La Quinta Redevelopment Agency
(SEAL)
APPROVED AS TO FORM:
M. KATH RINE JENS ,Agency Counsel
La Quinta Redevelop nt Agency