RDA Resolution 1983-25 RESOLUTION NO. RA-83-25
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY 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
HEREAS, 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 no less than 20 percent of all taxes so alThcated 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 La Quinta Redevelopment
Agency as follows:
The La Quinta Redevelopment Agency 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: Agency Members Allen, Cox and Chairman Baler
NOES: None
ABSENT: Agency Members Henderson and Wolff
APPROVED
Chairman
ATTEST:
ecret y
BIB]
11-04-1996-U01
04:41:37PM-U01
RDARES-U02
83-U02
25-U02