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HomeMy WebLinkAboutRDA Reso 2004-1871 RESOLUTION NO. 1871 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA FINDING THAT THE USE OF LOW AND MODERATE INCOME HOUSING FUNDS FROM THE MERGED CHULA VISTA REDEVELOPMENT PROJECT AREA, FOR THE PURPOSE OF INCREASING, IMPROVING, AND PRESERVING THE COMMUNITY'S SUPPLY OF LOW- AND MODERATE-INCOME HOUSING OUTSIDE THE PROJECT AREA, WILL BE OF BENEFIT TO THE PROJECT AREA WHEREAS, on August 15, 1978, the City Council of the City of Chula Vista ("City Council") adopted Ordinance No. 1827 approving a redevelopment plan for the Town Centre II Redevelopment Project and has subsequently amended said redevelopment plan on May 19, 1987 by Ordinance No. 2207, on July 19, 1988 by Ordinance No. 2274, on November 8, 1994 by Ordinance No. 2610, and on August 22,2000 by Ordinance No. 2817 ("Town Centre II Plan"); and WHEREAS, on December 29, 1983, the City Council adopted Ordinance No. 2059 approving a redevelopment plan for the Otay Valley Road Redevelopment Project and has subsequently amended said redevelopment plan on November 8,1994 by Ordinance No. 2611 and on August 22, 2000 by Ordinance No. 2818 ("Otay Valley Plan"); and WHEREAS, on November 27, 1990, the City Council adopted Ordinance No. 2420 approving a redevelopment plan for the Southwest Redevelopment Project and has subsequently amended said redevelopment plan on July 9,1991 by Ordinance No. 2467, on November 8, 1994 by Ordinance No. 2612, and on August 22,2000 by Ordinance No. 2819 ("Southwest Plan"); and WHEREAS, by Ordinance No. 2819, the Town Centre II Plan, Otay Valley Plan, and Southwest Plan (collectively, the "Plans") were merged to establish the Merged Chula Vista Redevelopment Project to facilitate the sharing of financial resources pursuant to Sections 33485 through 33489 of the Califomia Community Redevelopment Law, Health and Safety Code Section 33000 et ~. ("Law"); and WHEREAS, on January 13, 2004, the City Council adopted Ordinance No. 2947 amending the Plans to eliminate the time limit on incurring indebtedness, pursuant to Senate Bill 211 codified in Health and Safety Code Section 33333.6(e)(2)(B); and WHEREAS, on February 3, 2004, the City Council adopted Ordinance No. 2949 amending the Plans to extend the duration of the plan's effectiveness and time limit to collect tax increment revenue by one year, pursuant to Senate Bill 1045 codified in Health and Safety Code Section 33333.6(e)(2)(C); and WHEREAS, the Redevelopment Agency of the City of Chula Vista ("Agency") is proposing to amend the Merged Chula Vista Redevelopment Project to consolidate the constituent Plans into a single redevelopment plan document, add property to the Merged Chula Vista Redevelopment Project boundaries, and, subject to certain limitations, extend eminent domain authority in the Town Centre II and Otay Valley constituent project areas, which amendment as generally described above is in the form of an Amended and Restated Redevelopment Plan for the Merged Chula Vista Redevelopment Project Area ("Project Area") which would permit in the allocation of taxes from the Project Area to the Agency in accordance with Health and Safety Code Section 33670 for the purposes of redevelopment; and WHEREAS, Section 33334.2 of the Law requires that not less than twenty percent (20%) of all taxes so allocated to the Agency be used by the Agency for the purpose of increasing, improving, and preserving the community's supply of low- and moderate-income housing available at affordable housing cost; and WHEREAS, the foregoing described portion of the taxes so allocated to the Agency to be used by the Agency for affordable housing purposes is hereinafter referred to as the "Low and Moderate Income Housing Funds;" and Redevelopment Agency Resolution No. 1871 Page 2 WHEREAS, Section 33334.2(g) of the Law provides that the Agency may use such Low and Moderate Income Housing Funds outside the Project Area if a finding is made by resolution of the Agency and the City Council that such use will be of benefit to the Project Area. NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista hereby find, determines, and declares that the use of Low and Moderate Income Housing Funds from the Merged Chula Vista Redevelopment Project 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 Project Area will be of benefit to the Project Area. Madigan unity Development Director Approved as to form by C ^'- Y'v~ Ann Moore City Attorney/Agency Counsel Redevelopment Agency Resolution No. 1871 Page 3 PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA, CALIFORNIA this 20th day of April, 2004 by the following vote: AYES: Members Davis, Salas, and Chair/Mayor Padilla NOES: None ABSENT: None ABSTENTIONS: Members McCann and Rindone ¿eke/·iL ATTEST: STATE OF CALIFORNIA) COUNTY OF SAN DIEGO) ss: CITY OF CHULA VISTA) I, Laurie A. Madigan, Executive Secretary to the Redevelopment Agency of the City of Chula Vista, California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No. 1871 and that the same has not been amended or repealed. Dated: April 20, 2004