RDA Resolution 2011-030RESOLUTION NO. RA 2011-030
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 2011/2012 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'
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 at 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 th`a 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 (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 $2,107,096 of
the estimated $17,092,447 Fiscal Year 2011/2012 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 2011 /2012 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 2011 -030
Planning & Administrative Expenses FY 2 01 11201 2
Adopted: July 5, 2011
Page 2
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 5" day of July 2011, by the following vote:
AYES: Agency Members Adolph, Evans, Franklin, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
i
TERRY N ERSON, Chair
La Quin Redevelopment Agency
�.
,?. - VER0NICA ,, 00ON 1 rECINO, CMC, Authority Secretary
�La Quinta R edevelopment Agency
APPROVED AS TO FORM:
ATHE MINE JENYWI Agency Counsel
La Quinta Redevelopment Agency