HomeMy Public PortalAbout2006-044RESOLUTION NO. 2006.044
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF LYNWOOD,
CALIFORNIA AUTHORIZING THE USE OF LOW AND MODERATE
INCOME HOUSING FUNDS FOR A PROPERTY LOCATED OUTSIDE OF THE
REDEVELOPMENT PROJECT AREA A AND ALAMEDA PROJECT AREA.
WHEREAS, Section 33334.2(g) of the California Health and Safety Code declares that
the Redevelopment Agency may use Lo~~~ and Moderate Income Housing F:.mds "inside
or outside of the Project Area(s). The Agency may only use these funds outside the
Project Area(s) upon a resolution of the Agency and legislative body that the use (of these
funds) will be of benefit to the project area"; and
WHEREAS, the use of the low and moderate income housing funds for the Fernwood
Estates Project will be of benefit to the project area by creating housing restricted to low
and moderate income households; and
WHEREAS Section 33334.2(a) of the California Health and Safety Code declares that
Low and Moderate Income Funds shall be used by the Redevelopment Agency for the
purpose of increasing, improving, and preserving the community's supply of low and
moderate housing available at affordable housing costs to persons and families of low
and moderate income; and
WHEREAS, The Redevelopment Project Area A does not have extensive property zoned
as residential within Project Area A as Project Area A lines the major thoroughfares of the
City of Lynwood including Atlantic Blvd., Alameda Blvd., Long Beach Blvd, Imperial
Highway, and Martin Luther King Blvd.; and
WHEREAS, There is no property within the Alameda Project Area which is zoned or
slated for residential development as it is primarily an active industrial, and commercial
area; and
WHEREAS, Section 4.6 of the Third Five Year Redevelopment and Housing
Implementation Plan for Project Area A and Alameda (hereinafter "Five Year
Implementation Plan") approved in 2004 states that the Agency intends to "provide
assistance for the construction of public improvements necessary for the development of
new single family housing within and outside the project area. Such housing
development shall consist of property owners and local developers converting vacant
property into affordable and decent housing which will be of benefit to the Project Area."
WHEREAS, Section 4.6 of the Five Year Implementation Plan states that the "Agency
will assist with the construction of infill housing both within and outside the Project Area
which will be of benefit to the Project Area"; and
WHEREAS, Section 5.3(1) of the Five Year Implementation Plan requires that "Agency
housing should benefit the Project-Area and other City neighborhoods outside the Project
Area"; and
WHEREAS, Goal 2 of the Five Year Implementation Plan states that the Agency
endeavors to "improve the housing quality of the existing housing stock through housing
rehabilitation assistance and enforcement procedures"; and
WHEREAS, the Fernwood Estates Project located on Fernwood Avenue, identified within
the Five Year Implementation Plan, consists of up to 39 homes five of which will be
restricted for sale to low and moderate income households; and
WHEREAS, the Fernwood Estates Project is located one block west of Project Area A
and approximately ten blocks east of the Alameda Project Area;
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1
The Lynwood Redevelopment Agency hereby finds and declares that the expenditure of
the Low and Moderate Income Housing funds for housing projects, rehabilitation loans or
grants outside of the Project Areas, and in particular, the specific Fernwood Estates
Project, will be of benefit to the Project Area A and to the Alameda Project area as the
Fernwood Estates Project is in close proximity to both the Alameda Project Area and
Project Area A.
Section 2
The expenditure of Low and Moderate Income Housing funds outside Project Area A and
Alameda Project area for Fernwood Estates will provide low and moderate income
residents within Project Area A and Alameda Project Area reasonable and affordable
housing and will be of benefit to the project areas.
Section 3
This resolution shall go into effect upon passage.
PASSED, APPROVED and ADOPTED this 5t" day of September 2006.
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TICIA VASQUEZ, C~a"
ATT ST:
ANDREA L. HOOPER ~. ENRI~~U ° ARTiN Z
SECRETARY EXEC~fIVE DIREC OR
APPROVED AST - FAR
ROf~ALD N. WILSON
AGENCY COUNSEL
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the foregoing Resolution was passed and adopted by the Agency at its
regular meeting held on the 5t day of SFp~, 2006.
AYES: COUNCILMEMBERS, BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASQUEZ
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Andrea L. Hooper, Secretary
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2006.044 on file in my office and that said Resolution was adopted on the date
and by the vote therein stated.
Dated this 5th day of SEPTEMBER, 2006.
f~
Andrea L. Hooper, Secretary