RES-10487 Redevelopment Project Area FundsRESOLUTION NO. 10487
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ORANGE FINDING THAT THE USE OF HOUSING
SET-ASIDE FUNDS BY THE
ORANGE REDEVELOPMENT AGENCY OUTSIDE THE
ORANGE MERGED AND AMENDED
REDEVELOPMENT PROJECT AREA PURSUANT TO ITS
HOME IlVIPROVEMENT PROGRAM WILL BENEFIT
THE REDEVELOPMENT PROJECT
AREA.WHEREAS, California Health and Safety Code Sections 33334.2 and33334.
3 provide that not less than 20% of tax increment funds allocated to a redevelopment
agency the Housing Funds) must be placed into a separate Low and Moderate Income
Housing Trust Fund to be used for the specific purpose of increasing, improving or preserving
thecommunity's supply of low and moderate income housing available at affordable
housing costs;
and WHEREAS, the Orange Redevelopment Agency (Agency) has established or
will establish a Home Improvement Program (the Program) pursuant to which Housing
Funds generated by the Orange Merged and Amended Redevelopment Project Area, (
the Redevelopment Project Area) will be used to fund the Program; more specifically, to
make available and provide home improvement grants and/or loans to qualified Very Low
Income and Low Income households owning and occupying asingle-family residence
or mobile home within the City of Orange (the Eligible
Participants); and WHEREAS, pursuant toSection33334.2(g) of the California Health
and Safety Code, and Program implementation, Agency assistance will be available and
provided to Eligible Participants residing both within and outside of the Redevelopment
Project Area;thus, requiring a benefit finding of the City Council in the form of a City
Council resolution as to the specific use of Housing Funds allocated to the Program and used outside
of the Redevelopment
Project Area.NOW, THEREFORE, THE CITY COUNCIL OF THE
CITY OF ORANGE DOES HEREBY RESOLVE
AS FOLLOWS:I. The allocation and use of Housing Funds by the Agency
for the purpose of funding and providing home improvement assistance to qualified
Very Low Income Households and Low Income Households outside of the Redevelopment
Project Area in accordance with the Program requirements will benefit the Redevelopment
ADOPTED this 22nd day of June, 2010.
lyn V/~aveccfhe, Mayor, Ci~y of Orange
ATTEST:
cf
Mary. E. City Cler range
I, MARY E. MURPHY, City Clerk of the City of Orange, California, do 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 22nd day of June, 2010, by the
following vote:
AYES:COUNCILMEMBERS:Smith, Murphy, Cavecche, Dumitru, Bilodeau
NOES:COUNCILMEMBERS:None
ABSENT:COUNCILMEMBERS:None
ABSTAIN:COUNCILMEMBERS:None
Mary E. City Clerk, City o Orange
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