agenda city of watsonville city council/redevelopment agency meeting

CITY COUNCIL/REDEV# 6.2 (p)
RESOLUTION NO. __________ (CM)
RESOLUTION NO. __________ (RA)
A JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF WATSONVILLE
FINDING THAT THE USE OF TAXES ALLOCATED FROM THE
WATSONVILLE 2000 REDEVELOPMENT PROJECT FOR THE
PURPOSE OF IMPROVING, INCREASING, 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, in accordance with Subdivision (a) of Section 33334.2 of the
California Community Redevelopment Law (Health and Safety Code Sections 33000 et
seq. and hereinafter the “CRL”), not less than twenty percent (20%) of all tax increment
allocated to the Agency from the Watsonville 2000 Redevelopment Project Area shall
be used for the purposes of increasing, improving and preserving the community’s
supply of low and moderate income housing; and
WHEREAS, the General Plan of the City of Watsonville (the “City of Watsonville
2005 General Plan”) indicates a need for affordable housing throughout the community;
and
WHEREAS, Subdivision (g) of CRL Section 33334.2 provides that the Agency
may use funds outside the Project Area upon adoption of resolutions by the Agency and
the City Council finding that the provision of low and moderate income housing outside
the Project Area is of benefit to the Project; and
WHEREAS, future locations of such housing for low and moderate income
families cannot by fully determined at this time.
Reso No. (CM) Reso No. (RA)
Q:\COUNCIL\2011\061411\Budget Low Mod Funds 2011.docx
ri 6/9/2011 5:23:17 PM
AJS ______ CJP ______ Finance ______
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