HomeMy Public PortalAbout89-159 (09-05-89)RESOLUTION NO. 89_159
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD FINDING THAT THE USE OF TAX
INCREMENT FUNDS ALLOCATED FROM THE ALAMEDA
PROJECT AREA AND LYNWOOD REDEVELOPMENT PROJECT
AREA "A" (AS AMENDED) FOR THE PURPOSE OF
IMPROVING AND INCREASING THE COMMUNITY'S
SUPPLY OF LOW AND MODERATE INCOME HOUSING
OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO
THE PROJECT AREAS (AS AMENDED)
WHEREAS, the City
Council ") approved and
Alameda Project Area on
No. 993 in accordance
Redevelopment Law (Cal
3000 et sea. and
Council for the City of Lynwood ( "City
adopted the Redevelopment Plan for the
or about November 18, 1975 by Resolution
with the provisions of the Community
ifornia Health and Safety Code Sections
WHEREAS, the City Council approved and adopted the
Redevelopment Plan for the Lynwood Redevelopment Project Area " A "
on or about July 3, 1973 by Ordinance No. 945 and subsequently
amended the Redevelopment Plan for Project Area " A " on December
' 27, 1973, by Ordinance No. 960, on August 19, 1975 by Ordinance
�No. 990, on June 1, 1976 by Ordinance No. 1000, on December 7,
1976 by Ordinance No. 1010, on December 16, 1980 by Ordinance No.
1111 and on July 19, 1988 by Ordinance No. 88 -1308 in accordance
with the provisions of the Community Redevelopment Law; and
WHEREAS, the State Legislature has found and declared that
decent housing for all the people of the state is vital to the
state's future peace and prosperity and the fundamental purpose
of redevelopment is to expand the supply of low and moderate -
income housing; and
WHEREAS, Sections 33334.2 and 33334.6 of the Community
Redevelopment Law requires that not less than 20 percent of all
taxes which are allocated to the Agency pursuant to Section 33670
of the Community Redevelopment Law, shall be used by the Agency
for the purpose of increasing and improving the community's
supply of low and moderate - income housing available at affordable
housing cost; and
WHEREAS, Sections 33334.2(g) of the Community Redevelopment
Law provides that the Agency may use such funds outside of a
' project area if a finding is made by resolution of the Agency and
the legislative body that such use will be of benefit to the
project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LYNWOOD AS FOLLOWS:
1
The City Council of the City of Lynwood hereby finds that
the use of taxes allocated from the Alameda Redevelopment Area
and the Lynwood Redevelopment Project Area " A" (as amended) for
the purpose of improving and increasing the community's supply of
low and moderate - income housing available at affordable housing
costs outside the Alameda Project Area and Project Area " A " (as
amended) and within the City of Lynwood will be of benefit to
those redevelopment projects.
APPROVED AND ADOPTED by the City Council of the City of Lynwood
this 5th day of S
ATTEST:
Andrea L. Hooper, City Clerk
The City of Lynwood
APPROVED AS TO FORM:
S. Barbosa, Esq.
1 Counsel
EVELYI& E LS, MAYOR
The City of Lynwood
APPROVED AS TO CONTENT:
Vi ente L. Mas, Director
Community Development Dept.
Lorraine Oten
Director of Finance
5
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1ra12 \cctaxinc
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood,
do hereby certify that the foregoing resolution was passed
1 and adopted by the City Council of the City of Lynwood at a
regular meeting held on the 5th day of September , 1989,
by the following vote:
AYES: COUNCILMEMBERS HEINE, HENNING, MORRIS, RICHARDS, WELLS
NOES: NONE
ABSENT: NONE
ANDREA L. HOO4 City erk
City of Lynwood
C
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood,
and Clerk of the City Council of said City, do hereby certify that
the above and foregoing is a full, true and correct copy of
Resolution No. 89 -159 on file in my office and that said
`"'resolution was adopted on the date and by the vote therein
stated.?
Dated this 8th day of September, 1989.
City Clerk