RDA Resolution 2010-008RESOLUTION NO. RA 2010 - 008
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 2010-2011 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 Iow 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 fior planting 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 $2,304,539 of
the estimated $1 1,360,272 Fiscal Year 2010-201 1 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 2010-201 1 fiscal year.
2. That the City Clerk shall certify to the passage and adoption of this
resolution and enter it into the book of original resolutions.
Resolution No. RA 2010-008
Planning & Administrative Expenses FY 2010-2011
Adopted: July 6 2010
Page 2
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 6th day of July 2010, by the following vote:
AYES: Agency Members Adolph, Franklin, Henderson, Sniff, Chair Evans
NOES: None
ABSENT: None
ABSTAIN: None
C
_ Q.
LINDA EVANS, Chalr
La Quinta Redevelopment Agency
ATTEST:
VERONICA J \ ON`t~E£INO, CMC, Agency Secretary
La Q.uirit~ developml~lt Agency
_-~ ~ , ,J
(AGENCY ~SEALj
~{
APPROVED AS TO FORM:
y
M. 17ATHE~INE JEN~ON, Agency Counsel
La Quinta Redevelopment Agency