CC - Item II.A - Resolution 2000-15RESOLUTION NO. 2000 -15
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY FINDING
THAT THE PROVISION OF LOW- AND MODERATE - INCOME HOUSING
OUTSIDE ROSEMEAD REDEVELOPMENT PROJECT AREA NO. 2 WILL BE OF
BENEFIT TO THE PROJECT
- WHEREAS, the - Rosemead Redevelopment Agency (the "Agency ") has - undertaken the
formation of Rosemead Redevelopment Project Area No. 2 (the "Project" or "Project Area "); and
WHEREAS, in accordance with Section 33334.2(a) of Community Redevelopment Law,
not less than twenty percent (20 %) of all taxes which are allocated to the Agency from the 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, Section 33334.2(g) of the Community Redevelopment Law provides that the
Agency may use such funds outside the Project Area upon adoption of resolutions by the Agency
and the City Council of the City of Rosemead finding that the provision of low- and moderate -
income housing outside the Project Area is of benefit to the Project. -
NOW, THEREFORE, it is hereby resolved the Rosemead Redevelopmen Agency as
--- :folloW-s - - _ - --
Section 1: Pursuant to Section 33334.2(g) of_the_Community Redevelopment Law, the _
Agency hereby finds that the p rovisio n - of low-and moderate income_ housing _outsde_the_Project__ -__
Area will be of benefit to the Project.
_ - Section 2: °-The findings and determinations set forth herein shall be deemed final and
conclusive. - - - - -
PASSED, APPROVED AND ADOPTED this 13th day of June 2000.
Chairman
ATTEST: Rosemead Redevelopment Agency
Secretary
Rosemead Redevelopment Agency
JUN 13 2 0
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