CC - 2000-31 - Provision of Low and Moderate Income Housing Outside of Rosemead• 10
RESOLUTION NO. 2000 -31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
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 (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, the Agency has adopted a resolution declaring that the use of such funds
outside the Project Area will be of benefit to the Project.
NOW, THEREFORE, it is hereby resolved by the City Council of the City of Rosemead as
follows:
Section 1: Pursuant to Section 33334.2(g) of the Community Redevelopment Law, the
City Council hereby finds that the provision of low- and moderate - income housing outside 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.
ATTEST:
City Clerk -
City of Rosemead
2&A � CQeti
Mayor
City of Rosemead
9 9
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD
I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2000 -31 being:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
FINDING THAT THE PROVISION OF LOW -AND MODERATE -INCOME
HOUSING OUTSIDE ROSEMEAD REDEVELOPMENT PROJECT AREA NO. 2
WILL BE OF BENEFIT TO THE PROJECT
was duly adopted at an Adjourned Regular Meeting of the City Council and Regular Meeting of
the Rosemead Redevelopment Agency on the 13'h day of June, 2000, by the following vote to
wit:
YES:
COUNCILMEMBERS:
VASQUEZ, BRUESCH, CLARK, IMPERIAL,
NO:
COUNCILME MBERS:
TAYLOR
ABSTAIN:
COUNCILMEMBERS:
NONE
ABSENT:
COUNCILMEMBERS:
NONE
NANCY vATDERRAMA, CITY CLERK
�.I
AGENDA:CERTIFY