HomeMy WebLinkAboutRDA RES 577RESOLUTION NO. 577
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY,
PALM DESERT, CALIFORNIA, DETERMlNING THAT PLANNING AND
ADMINISTRATIVE EXPENSES INCLUDED IN THE REDEVELOPMENT
AGENCY'S LOW AND MODERATE INCOME HOUSING FUND ARE
NECESSARY FOR THE PRODUCTION, IMPROVEMENT, AND
PRESERVATION OF LOW AND MODERATE INCOME HOUSING
WHEREAS, California Community Redevelopment Law requires a Redevelopment
Agency's Low and Moderate Income Housing Fund be used to the maximum extent possible to
defray the costs of production, improvement, and preservation of low and moderate income
housing;
WHEREAS, a portion of an Agency's planning and general administrative costs
associated with expenditures from the Low and Moderate Income Housing Fund (Housing
Fund) may be charged to the Housing Fund as specified in Section 33334.3(d) of California
Community Redevelopment Law;
WHEREAS, the Palm Desert Redevelopment Agency's planning and administrative
costs represent a reasonable level of expenditures for planning and administrative costs, and
are necessary to administer and account for the Agency's affordable housing program as set
forth in the Agency's five year Implementation Plan;
NOW, THEREFORE, BE IT RESOLVED that the Agency hereby finds and determines
that the planning and administrative expenses in Fiscal Year 2009-2010 were (a) necessary, (b)
not disproportionate to the other expenditures of the Agency, (c) directly related to the Agency's
production, improvement, and/or preservation of low and moderate income housing. The
foregoing findings and determinations are made in compliance with, and in furtherance of, the
requirements of Health and Safety Code Section 33334.3(d).
PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm Dese�t
Redevelopment Agency held on this 14thday Of October 2010, by the following vote to
wit:
AYES:
NOES:
ABSENT:
ABSTAIN
ATTEST:
BENSON, FERGUSON, KROONEN, SPIEGEL, and FINERTY
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Cindy inerty, Ch ' man
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