HomeMy WebLinkAboutReso RDA 11-1989 RESOLUTION NO. 11-89
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION FINDING THAT THE USE OF TAXES ALLOCATED
FROM THE DOWNTOWN/CENTRAL REDEVELOPMENT PROJECT FOR
THE PURPOSE OF IMPROVING AND INCREASING THE COMMUNITY'S
SUPPLY OF LOW AND MODERATE INCOME HOUSING OUTSIDE THE
PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT
WHEREAS, the Redevelopment Agency of the City of South San Francisco has
prepared a proposed Redevelopment Plan for the Downtown/Central Redevelopment
Project which would result in the allocation of taxes from the Project Area
to the Redevelopment Agency of the City of South San Francisco for purposes
of redevelopment; and
WHEREAS, Section 33334.2 of the California Community Redevelopment Law
{Health & Safety Code Section 33000 et seq.) requires that not less than
twenty percent of all taxes so allocated be used by the Agency for the purpose
of improving and increasing the community's supply of low and moderate income
housing available at affordable housing cost, unless certain findings are made;
and
WHEREAS, Section 33334.2(g) of the Health & Safety Code provides that the
Agency may use such 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.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
South San Francisco that the use of taxes allocated from the Downtown/Central
Redevelopment Project for the purpose of improving and increasing the community's
supply of low and moderate income housing available at affordable costs outside
the Project Area and within the City of South San Francisco will be of benefit
to the Project.
I hereby certify that the foregoing Resolution was regularly introduced
and adopted by the Redevelopment Agency of the City of South San Francisco
at a regular meeting held on the28th day of 'June , 1989, by
the following vote:
AYES: Redevelopment-Agency Boardmembers-MarkN. Addiego, Jack. Drago, ~
Richard A, Haffey, Gus NicotoPulOs, and-Chairwoman Roberta Cerri Teglia
NOES: None
ABSTAIN: None
ABSENT: None
k~'~ATTEST:
Redevelopment Agency of t~e City
of South San Francisco
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