RDA Resolution 2009-005RESOLUTION NO. RA 2009 - 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 2009/2010 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~fhe purpose of
increasing, improving and preserving the community's supply of love ~and'moderate-
income housing available at affordable housing costs to people and families of IovJ 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:
The Agency hereby determines that it is necessary to allocate 51,872,493 of
the estimated 520,254,362 Fiscal Year 2009-2010 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 2009-2010 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 2009-005
Low and Moderate Income Housing Fund
FY 2009/2070 Planning & Administrative Expenses
Adopted: July 7 2009
Page 2
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 7th day of July 2009, by the following vote:
AYES: Agency Members Adolph, Evans, Henderson Sniff, Chairperson Franklin
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
~~
KRIST) F ANKLIN, Agency Chairperson
La Quinta Redevelopment Agency
VERONICA MONTECINO, CMC, Agency Secretary
La, Qu nta, edevelopment Agency
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(AGENCY--SEAL) = ,~`
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APPROVED AS TO FORM:
~s
M. K E JENSON, Agency Counsel
La Q to Redevelopment Agency