RES-ORA-0254 Adopting Replacement Housing PlanRESOLUTION NO. ORA-
254
A RESOLUTION OF THE ORANGE REDEVELOPMENT
AGENCY ADOPTING A REPLACEMENT HOUSING PLAN
IN CONNECTION WITH THE PROPOSED OWNER
PARTICIPATION AGREEMENT BY AND BETWEEN THE
ORANGE REDEVELOPMENT AGENCY AND CITRUS
VILLAGE PARTNERSHIP, L.P.
WHEREAS, Section 33413.5 the California Health and
Safety Code requires that a redevelopment agency adopt by
rE!solution a replacement housing plan not less than thirty (30)
dclYS prior to the execution of an agreement for acquisi tion of
real property, the execution of an agreement for the
di.sposition and development of property, or the execution of an
o~'ner participation agreement when such agreements will lead to
the destruction or removal of dwelling units from the low and
moderate income housing market;
WHEREAS, the Orange Redevelopment Agency (the
I~gency") is contemplating entering into the proposed Owner
Pclrticipation Agreement by and between the Agency and Citrus
Vi.llage Partnership, L.P, (the OPA"); and
WHEREAS, the proposed OPA contemplates the
e):penditure of moneys from the Agency's Low and Moderate Income
Housing Fund established for the Tustin Street Redevelopment
Project pursuant to Health and Safety Code Sections 33334,2 and
32~334. 3 to facilitate the rehabi Ii tation of a mul ti-fami
ly rE!sidential rental development (the "Complex") and provide
for the long-term availability of certain units in the
Complex for affordable housing purposes, but which may result
in the rE!moval of certain rental housing units in the Complex
from the low and moderate income housing
market; and WHEREAS, in addition to the
proposed affordable housing provisions of the OPA, the Agency is
continuing its efforts to increase, improve and preserve the
community'S supply of low and moderate income
housing;
and WHEREAS, the Agency has prepared a
replacement housing plan in connection with the OPA (the "
Replacement Housing Plan") pursuant to the requirements of Section 33413.
5 of the California Health and Safety Code which Plan is
attached hE!reto as Attachment No. 1 and incorporated by
reference hE!rei n;
and WHEREAS, the Replacement Housing Plan was
available for public review for a reasonable period of time prior to
a timely and properly noticed public meeting at which the
Agency considered the Replacement Housing Plan;
NOW, THEREFORE, THE ORANGE REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1, The Orange Redevelopment Agency hereby
appJ~oves and adopts the Replacement Housing Plan.
SECTION 2, The Executive Director of the Agency is
authorized to implement the Replacement Housing Plan and to
execute any documents and take any other action necessary or
convenient for the proper accomplishment of its purposes.
SECTION
3, This resolution shall take effect immediately
upon adoption.ADOPTED
this ~2n~ day of ATTEST:
md'
A..'/~ Cl~&ffir Clerk, Or
ge Rede lopment 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 22nd day of SeDtp-mher,1992
by the following vote:AYES:
DIRECTORS: STEINER, BARRERA, MAYOR BEYER, SPURGEON NOES:
DIRECTORS: NONE ABSENT:
DIRECTORS: COONTZ ABSTAIN:
DIRECTORS: NONE 11?
b~~ ~Clerk,
Or ge It e lopment Agency
ESO
NO.
ORA-0254 09/
10/92 2398Q/
2359/075 2 -