CC Resolution 1983-074( RESOLUTION NO. 3-74
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA QUINTA FINDING THAT THE USE OF TAXES
ALLOCATED FROM THE LA QUINTA REDEVELOPMENT
PROJECT FOR THE PURPOSE OF IMPROVING AND
INCREASING THE COMMUNITY'S SUPPLY OF LOW AND
MODERATE INCOME HOUSING OUTSIDE THE PROJECT
AREA WILL BE OF BENEFIT TO THE PROJECT.
WHEREAS, the La Quinta Redevelopment Agency has prepared
a proposed Redevelopment Plan for the La Quinta Redevelopment Project
which would result in the allocation of taxeS from the Project Area
to the La Quinta Redevelopment Agency for purposes of redevelopment;
and
WHEREAS, Section 33334.2 of the California Community
Redevelopment Law Health and Safety Code Section 33000 et seq.)
requires that not less than 20 percent of all taxes so allocated
be used by the Agency for the purpose of improving and increasing
the community's supply of low and moderate income housing available
at affordable housing cost; and
WHEREAS, Section 33334.2(g) of the Health and Safety Code
provides that the Agency may use such funds outside the Project
Area if a finding is made by resolution of the Agency and the City
Council that such use will be of benefit to the Project;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of La Quinta as follow:
The City Council hereby finds that the use of taxes
allocated from the La Quinta Redevelopment Project for the purpose of
improving and increasing the community?s supply of low and moderate
income housing available at affordable cost outside the Project Area
and within the City of La Quinta will be of benefit to the Project.
Adopted this 22nd day of November, 1983, by the following
vote:
AYES: Councilmembers Allen, Cox and Mayor Baier.
NOES: None.
ABSENT: Councilmembers Henderson and Wolff.
APPROVyD:
ATTEST: Mayor
City Clerk
BIB]
04-29-1996-U01
10:32:02AM-U01
CCRES-U02
83-U02
74-U02