HomeMy WebLinkAboutReso 2000-294 RESOLUTION NO. 2000-294
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE EXPENDITURE OF LOW
AND MODERATE INCOME HOUSING FUNDS OUTSIDE OF
THE PROJECT AREA
WHEREAS, the Redevelopment Agency of the City of Chula Vista (the "Agency") is
engaged in activities necessary to cany out and implement the Redevelopment Plans for the
Southwest, Bayfront, Town Centre No. II, and Otay Valley Road redevelopment project areas; and
WHEREAS, California Health and Safety Code Section 33334.2 (all section references
herein are to the Health and Safety Code unless otherwise specified) authorize and direct the Agency
to set aside in a Low and Moderate Income Housing Fund and expend a certain percentage of all
taxes which are allocated to the Agency pursuant to Section 33670 for the purposes of increasing,
improving and preserving the community's supply of low and moderate income housing available
at affordable housing cost to persons and families of low and moderate income, lower income, and
very low income (the "Housing Fund Contribution"); and
WHEREAS, pursuant to applicable law, the Agency has established a Low and Moderate
Income Housing Fund (the "Housing Fund") for its redevelopment project areas; and
._,, WHEREAS, pursuant to Section 33334.2 (g), the Agency is authorized to make expenditures
from the Housing Fund outside of its redevelopment project areas upon a resolution of the Agency
and the City Council of the City of Chula Vista (the "City Council") that such use will be of benefit
to a redevelopment project area; and
WHEREAS, the Agency proposes to fund a portion of the Housing Fund Contribution
attributable to the Bayfront redevelopment project areas from tax increment revenues of the Town
Centre II redevelopment project area pursuant to the authority of Section 33334.3(i)
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA DOES
HEREBY RESOLVE AND DECLARE AS FOLLOWS:
SECTION 1. The City Council finds and determines that expenditures from the Housing Fund
outside of the Town Centre No. II redevelopment project area, or any other redevelopment project
area of the Agency pursuant to Section 33334.3(i), will be of benefit to such redevelopment project
area or areas.
Presented by Approved as to form by
Chris Salomone ~
.~-, Community Development '
Resolution 2000-294
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 15th day of August, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST: Shirley Ho~t~,,Mayor V
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-294 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 15th day of August, 2000.
Executed this 15th day of August, 2000.
,"~_~_~ --~r~
Susan Bigelow, City Clerk