HomeMy WebLinkAboutRDA RES 592RESOLUTION NO. 592
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY,
PALM DESERT, CALIFORNIA, DETERMINING 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(e) 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 paid from the Housing Fund in Fiscal Year 2010-
2011 were (a) necessary for the production, improvement, or preservation of low and moderate
income housing, (b) not disproportionate to the other Housing Fund expenditures of the Agency
for the costs of production, improvement or preservation of low and moderate income housing,
and (c) directly related to the Agency's production, improvement, and/or preservation of low and
moderate income housing authorized under Health and Safety Code Section 33334.3(e) and
limited to the cost set forth in Health and Safety Code Section 33334.3 (e)(1). 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 Desert
Redevelopment Agency held on this 27th day of October 2011, by the following vote to wit:
AYES: FINERTY, HARNIK, KROONEN, SPIEGEL, and BENSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
R:chelle D. Klassen, ecretary
—ft6Jean M. Benson, Chair an
G \rda\Veronca Tapia\Word Files\Staff Reports\2010-11 Housing Production Cost Resolution.doc