CC - Item II.C - Resolution 2000-31RESOLUTION 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(8) 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=Sectiori.33334.2(g).of -the- Community - -Redevelopment - Law, - the
Agency 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
PASSED
,- AFPROVED.AND -- ADOPTED -this l3th•day of :June 2000 "" ---- ' - - - ` -
Mayor
City of Rosemead
ATTEST:
City Clerk
City of Rosemead
JUN 1;.2000
ITEM No. ?1 `C