RDA Resolution 2003-13 RESOLUTION NO. RA 2003-13
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 2003-04 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, 1 983 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 Redev~10pment Agency of the
City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate $540,051 of
the estimated $48,235,550 2003-04 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 2003-04 fiscal year.
Resolution No. RA 2003-13
Affordable Housing Funding FY 2003/2004
Adopted: July 22, 2003
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 22"d day of July 2003, by the following
vote:
AYES: Members Adolph, Osborne, Perkins, Sniff, Chair Henderson
NOES' None
ABSENT: None
ABSTAIN' None
ATTEST:
JUNE'S(. ~3REEK, CMC, AuthohTt~ Secretary
I.a Quinta Redevelopment Agency
(Authority Seal)
APPROVED AS TO FORM:
/~~,M. KAT ~~RiN~~j.~ENS__ ~O ,~gencyCo~
La Quinta Redevelopment Agency