RES-ORA-0400 Tax Allocation For Redevelopment Project AreaRESOLUTION NO. ORA-
0400 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY FINDING THAT
THE USE OF TAXES ALLOCATED FROM
THE ORANGE MERGED AND
AMENDED REDEVELOPMENT PROJECT AREA FOR
THE PURPOSE OF INCREASING, IMPROVING,
AND PRESERVING THE COMMUNITY'S SUPPLY
OF LOW AND MODERATE INCOME
HOUSING OUTSIDE THE ORANGE MERGED
AND AMENDED REDEVELOPMENT PROJECT
AREA WILL BE OF BENEFIT TO THE
ORANGE MERGED AND AMENDED
REDEVELOPMENT PROJECT
AREA WHEREAS, the Orange Redevelopment Agency ("Agency") has undertaken steps
to amend and merge the Redevelopment Plans for the Tustin Street Original. Tustin
Street Amendment No.1, Southwest Original, Southwest Amendment No.1, Southwest
Amendment No.2, Southwest Amendment No.3, and Northwest Redevelopment Projects ("Orange
Merged and Amended Redevelopment Project Area");
and WHEREAS, the Agency is required to complete the actions prescribed by
Sections 33354.6 and 33485 through 33489 of the California Community Redevelopment Law,
Health and Safety Code Section 33000 et seq. ("CRL");
and WHEREAS, the Agency has prepared a draft Amended and Restated
Redevelopment Plan for the Orange Merged and Amended Redevelopment Project Area that would result in
the allocation of taxes from the Orange Merged and Amended Redevelopment Project Area to
the Agency for the purposes of redevelopment;
and WHEREAS, Section 33334.2 of the CRL requires that not less than 20 percent (20%)
of all taxes so allocated be used by the Agency for the purpose of increasing, improving,
and preserving the community's supply oflow and moderate income housing available at
affordable housing cost;
and WHEREAS, Section 33334.2 of the CRL provides that the Agency may use such
funds outside the Orange Merged and Amended Redevelopment Project Area if a finding is made
by resolution of the Agency and City Council of the City of Orange that such use will be of
benefit to the Merged and Amended Redevelopment Project Area;
and WHEREAS, the Orange Merged and Amended Redevelopment Project Area
contains little or no vacant land zoned for residential uses, and limited property suitable for low
and moderate income
housing.Q:\CityClerk\Resolulions\ORA-0400-Projecl Area
NOW, THEREFORE, the Orange Redevelopment Agency does hereby resolve as
follows:
Section I. The use of taxes allocated from the Orange Merged and Amended
Redevelopment Project Area for the purpose of increasing, improving, and preserving the
community's supply of low and moderate income housing available at affordable housing cost
outside the Orange Merged and Amended Redevelopment Project Area will be of benefit to the
Orange Merged and Amended Redevelopment Project Area.
ADOPTED this 25th day of September, 2001.
J '-11'/ -;}/Markp/. Murphy j Chairman
ofthe Orange Red1elopment Agency ATTEST:
C~
t~~ .~ ~U7 Clerk
of the Orange Redevelopment Agency I
hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange
Redevelopment Agency at a regular meeting thereof held on the 25th day of September,2001,
by the following vote:AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS:
SLATER, ALVAREZ, MURPHY, COONTZ, CAVECCHE DIRECTORS:
NONE DIRECTORS:
NONE DIRECTORS:
NONE c~"
f~.r6 ~a7 Clerk
of the Orange Redevelopment Agency Q:\
City Clcrk\Rc:solutiolls\ORA-0400-Projcct Area Amendments_doc