RES-8613 Regarding Taxes Allocated from Third Amendment to Southwest Redevelopment Project AreaRESOLUTION NO. 8613
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ORANGE MAKING CERTAIN FINDINGS THAT THE
USE OF TAXES ALLOCATED FROM THE THIRD
AMENDMENT TO THE SOUTHWEST REDEVELOPMENT
PROJECT AREA OUTSIDE OF THE THIRD AMENDMENT
AREA FOR THE PURPOSE OF LOW AND MODERATE
INCOME HOUSING WILL BE OF BENEFIT TO THE
PROJECT
WHEREAS, the City Council of the City of Orange (the "City Council") and the
Orange Redevelopment Agency (the" Agency") have undertaken the required steps to amend
the Southwest Redevelopment Project (the "Project") to add territory (the "Third
Amendment"), As proposed, adoption of the Third Amendment would add the three parcels
located at the northwest corner of La Veta Avenue and Main Street and the ten parcels along
the east side of Alpine Road between Culver and La Veta Avenues to the existing Southwest
Redevelopment Project Area (the "Third Amendment Area"); and
WHEREAS, a draft Third Amendment has been prepared in accordance with the
provisions of the California Community Redevelopment Law, Health and Safety Code Section
33000, et seq, (the "Redevelopment Law"); and
WHEREAS, the Third Amendment provides for the allocation of taxes from the Third
Amendment Area; and
WHEREAS, Section 33334.2 of the Redevelopment Law requires that not less than
twenty percent (20 %) of all taxes allocated to the Agency pursuant to Section 33670 of the
Redevelopment Law be used for the purpose of increasing, improving, and preserving the
community's supply of low- and moderatecincome housing available at affordable housing
cost; and .
WHEREAS, Section 33334,2(g) of the Redevelopment Law provides that such funds
may be used outside the Third Amendment Area if a finding is made by resolution of the City
Council and Agency that such use will be of benefit to the Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Orange, as follows:
Section 1. The City Council finds and determines that it may desire to expend taxes
allocated from the Third Amendment Area for the purpose of increasing, improving, and
preserving the community's supply of low- and moderate- income housing outside the Third
Amendment Area.
Section 2. The City Council hereby finds and determines that the use of taxes
allocated from the Third Amendment 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 Third Amendment Area and within the City of Orange
will be of benefit to the
Project.ADOPTED this 23rd day of Aoril ,
1996.
7
ATTEST:M'1Yor of the City of Orange (J
j kAA~ttCJ-
zv~-r City Clerk of th ity
of Orange I hereby certify that the foregoing Resolution was duly and regularly adopted by
the City Council of the City of Orange at a regular meeting thereof held on the 23rddayof
Apri 1 1996, by the
following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:COUNCILMEMBERS:MURPHY
BARRERA
COONTZ
SLATER
SPURGEON
NONE
NONE NONE f!
J-H~:;t-City Clerk of t
City of Orange Ic/