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HomeMy WebLinkAboutReso 1991-16227 RESOLUTION NO. 16227 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA FINDING THAT THE USE OF TAXES ALLOCATED FROM THE SOUTHWEST REDEVELOPMENT PROJECT AREA, AS A~4ENDED BY THE FIRST AMENDMENT TO THE SOUTHWEST REDEVELOPMENT PLAN, FOR THE PURPOSE OF HOUSING OUTSIDE OF THE PROJECT AREA WILL BE BENEFIT TO THE PROJECT THE CITY COUNCIL OF THE CITY OF CHULA VISTA RESOLVES AS FOLLOWS: WHEREAS, the City Council of the City of Chula Vista (the City) has prepared a proposed First Amendment to the Redevelopment Plan for the Southwest Redevelopment Project (the Project} and Project Area (the Project Area), which would result in the allocation of taxes from the Project Area, as amended by the First Amendment to the Project, to the Agency for the purposes of redevelopment; and, WHEREAS, Section 33334.2 of the California Community Redevelopment Law (Health and Safety Code Sections 33000 et. seq.} requires that not less than twenty percent (20%) of all taxes so allocated to be used by the Agency for improving, increasing, and preserving the City,s supply of low and moderate income housing; and, WHEREAS, Section 33334.2(g) ofthe California Community Redevelopment Law provides that the Agency must use such funds outside of the Project Area if a finding is made by resolution of the Agency and the City Council of the City of Chula Vista that such use will be of benefit to the Project Area before the Redevelopment Plan is adopted. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA AS FOLLOWS: SECTION 1. That the use of taxes allocated from the Project Area, as amended by the proposed First Amendment, for the purpose of improving, increasing and preserving the community,s supply of low and moderate income housing available at affordable housing costs outside the project Area and within the City of Chula Vista will be of benefit to the Project. Presented by Approved as to form by Bruce M. Boogaard ~ Community Development Di rector City Attorney Resolution No. 16227 Page 2 ' PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 18th day of June, 1991 by the following vote: AYES: Councilmembers: Malcolm, Moore, Nader, Rindone NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None Tim Nader Mayor ATTEST: STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that the foregoing Resolution No. 16227 was duly d, approved, and adopted by the City Council held on the 18th day of June, ~V~ Executed this 18th day of June, lggl.