HomeMy WebLinkAboutRDA RES 247RESOL,UTION NO. 247
A RESOLUTION OF THE PALM DESERT
REDEVELOPMENT AGENCY FINDING THAT THE USE
OF TAXES ALLOCATED FROM PROJECT AREA NO. 3
FOR THE PURPOSE OF HOUSING OUTSIDE OF THE
PROJECT AREA WILL BE OF BENEFIT TO THE
PROJECT
THE PALM DESERT REDEVELOPMENT AGENCY DOES HEREBY FIND,
DETERMINE, RESOLVE AND ORDER AS FOLLOWS:
ection 1. The Palm Desert Redevelopment Agency, (the "Agency") has prepared
a proposed Redevelopment Plan for Project Area No. 3, (the "Project Area") which would
result in the allocation of taxes from the Project Area to the Agency for the purposes of
redevelopment.
ion 2. Section 33334.2 of the California Community Redevelopment Iaw
(Health and Safety Code Sections 33000 g�. sgc�.) requires, unless certain findings are made,
that not less than twenty percent (20%) of all taxes so allocated be used by the Agency for
preserving, improving and increasing the City's supply of low and moderate income
housing.
ion . Section 33334.2(g) of the California Community Redevelo�ment Law
provides that the Agency may use such funds outside of the Project Area if a finding is
made by resolution of the Agency and the City Council of the City of Palm Desert that such
use will be of benefit to the Project Area.
, Section 4: The Agency hereby finds and declares that the use of taxes allocated
from the Project Area for the purpose of improving and increasin� the community's supply
of low and moderate income housing available at affordable housing costs outside the
Project Area will be of benefit to the Project.
PASSED, APPROVED AND ADOPTED this 23rd day of May, 1991.
AYES:
NOES:
B�PISOTI, CRITES, KLLLY, ��lILSON, Si1YDrP.
�10NF
ABSENT: �ONL
ABSTAIN: NONE
ATTEST:
� � � ��._:..
'�.-aiSheila R. G
t;
�
�
n, Secretary
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'�ielter H. Snyder� �sir�an
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