2005/09/13 City Council Resolution (12)RESOLUTION NO. 2005-288
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
CALIFORNIA, FINDING THAT THE USE OF LOW- AND MODERATE- INCOME
HOUSING FUNDS OUTSIDE OF THE PROJECT AREA IS OF BENEFIT TO THE
PROJECT AREA IN ACCORDANCE WITH SECTION 33334.2
OF THE HEALTH AND SAFETY CODE
WHEREAS, Section 33334.2 of the Community Redevelopment Law of the State of
California Health & Safety Cade ("Health & Safety Code ") requires that redevelopment agencies
set aside not less than 20 percent of all tax increment allocated to the agency into a Low - and
Moderate - Income Housing Fund to be used by the agency for the purposes of increasing,
improving, and preserving the community's supply of low - and moderate - income housing; and
WHEREAS, Section 33334.2 of the Health & Safety Code allows for the agency to use
these funds outside of the project area upon a resolution of the agency and the legislative body
that the use will be of benefit to the project; and
WHEREAS, there is a limited stock of affordable housing within the Rohnert Park
Redevelopment Project Area ("Project Area"); and
WHEREAS, there is a limited supply of available area within the Project Area for the
development of new affordable housing; and
WHEREAS, residents living outside of the Project Area shop and do business inside of
the project area thereby promoting the commerce of the Project Area; and
WHEREAS, the use of Low- and Moderate - Income Housing funds outside of the project
area enables the Community Development Commission of the City of Rohnert Park ("CDCRP ")
to be better able to increase, improve and preserve the community's supply of low -and moderate -
income housing.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Rohnert
Park finds that the use of the Rohnert Park Redevelopment Project Area Low - and Moderate -
Income Housing Funds outside of the Project Area is of benefit to the Project Area.
DULY AND REGULARLY ADOPTED on this 13'h day of September, 2005, by the
City Council of the City of Rohnert Park.
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