RDA Resolution 2002-15 RESOLUTION NO. RA 2002-15
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 2002-03
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 Iow-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 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 $277,783 of the
estimated $6,110,947 2002-03 Affordable Housing Budget for the planning
and administrative expenses necessary for the production, improvement and or
preservation of Iow-and moderate income housing during the 2002-03 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 2002-15
Low & Moderato Income Housing 2002-03
Adopted: July 16, 2002
Page 2
PASSED, APPROVED and ADOPTED by the La Quinta Redevelopment Agency
at a regular meeting held on this 16th day of July, 2002, by the following vote:
AYES: Members Adolph, Pe~a, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
JUN~:-~S. GREEK, CMC, Agenc--~'Secretary
La Quinta Redevelopment Agency
(Seal)
APPROVED AS TO FORM:
M. KATHERINE JENSON, Agency Counsel
La Quinta Redevelopment Agency