HomeMy WebLinkAboutResolution No. 5439 J
RESOLUTION NO. 5439
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY FINDING TEAT INCREASING AND IMPROVING THE
COMMUNITY' 8 SUPPLY OF LOW -AND MODERATE- INCOME
HOUSING OUTSIDE THE AREA ADDED BY AMENDMENT 51 TO
THE DOWNEY REDEVELOPMENT PROJECT I8 OF BENEFIT TO
THE PROJECT.
WHEREAS, the Downey Community Development Commission (the
"Commission ") has undertaken the formation of Amendment 5A to the
Downey Redevelopment Project; and
WHEREAS, in accordance with Section 33334.2(a) of the
Community Redevelopment Law, not less that twenty percent (20 %) of
all taxes which are allocated to the Agency from a project area
shall be used for the purposes of increasing and improving the
community's supply of low -and moderate - income housing; and
WHEREAS, Section 33334.2(g) of the Community Redevelopment Law
provides that the Commission may use such funds outside the Project
Area upon adoption of a resolution by the Commission and by the
legislative body finding that the provision of low -and moderate -
income housing outside the Project Area is of benefit to the
redevelopment project.
WHEREAS, in accordance with the General Plan of the City of
Downey, there is a limited amount of land suitable for residential
development within the Project Amendment Area, while suitable
locations for such housing are available in other parts of the
community.
NOW, THEREFORE, IT I8 HEREBY RESOLVED BY THE CITY COUNNCIL OF
THE CITY OF.DOWNEY 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 Redevelopment
Project will be of benefit to the Project.
PASSED, APPROVED AND ADOPTED this 26th day of May, 1991.
L. Paul
MAYOR
ATTEST:
id th E. XcDonne 1
ITT CLERK
RESOLUTION NO. 5439
I, HEREBY CERTIFY that the foregoing is a true and correct
copy of a Resolution adopted by the City Council of the City of
Downey at a regular meeting thereof held on the 28th day of May,
1991, by the following vote to wit:
AYES: 4 Council Members: Boggs, Hayden, Cormack, Paul
NOES: 0 Council Members: None
ABSENT: 1 Council Members: Brazelton
ABSTAIN: 0 Council Members: None
1,
Judith E. McDonnell
CITY CLERK
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