HomeMy WebLinkAboutRES 97-27Resolution No. 97 - 27
A RESOLUTION OF THE DIAMOND BAR CITY COUNCIL
MAKING CERTAIN FINDINGS WITH RESPECT TO LOW -
AND MODERATE -INCOME HOUSING IN CONNECTION
WITH THE REDEVELOPMENT PLAN FOR THE DIAMOND
BAR ECONOMIC REVITALIZATION AREA
A. RECTFALS
The Diamond Bar Redevelopment Agency ("Agency") is undertaking the required
steps for the consideration of the adoption of the Redevelopment Plan for the
Diamond Bar Economic Revitalization Area ("Redevelopment Plan");
2. A Redevelopment Plan has been prepared in accordance with the provisions of the
California Community Redevelopment Law, Health and Safety Code Section 33000,
et. M., ("CRL");
3. The Redevelopment Plan provides for the allocation of taxes from Diamond Bar
Economic Revitalization Area ("Project Area");
4. Unless certain exceptions apply, Section 33334.2 of the CRL requires that not less
than twenty percent (20%) of all taxes allocated to the Agency pursuant to Section
33670 of the CRL be used for the purpose of increasing, improving, and preserving
the community's supply of low- and moderate -income housing available at affordable
housing cost to persons and families of low- or moderate -income and very low-income
households; and
5. Section 33334.2(8) of the CRL provides that such funds may be used outside of the
Project Area if a finding is made by resolution of the Agency and the Diamond Bar
City Council ("City Council") that such use will be of benefit to the Project.
B. RECITALS
NOW, THEREFORE, it is found, determined, and resolved by the Diamond Bar City
Council as follows:
The use of taxes allocated from the Project Area for the purpose of increasing,
improving, and preserving the community's supply of low- and moderate -income
housing available at affordable housing cost to persons and families of low- or
moderate -income and very low-income households outside the Project Area will be of
benefit to the Project Area and the project for the following reasons:
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a. Due to the limited housing opportunities within the Project Area, the increase,
improvement and preservation of the community's supply of low- and moderate -
income housing will need to occur outside of the Project Area;
b. The use of low- and moderate -income housing funds outside the Project Area will
allow the Agency to meet the affordable housing needs of the community and
provide for housing needs identified in the General Plan of the City of Diamond
Bar, given the limited housing opportunities in the Project Area;
c. The use of low- and moderate -income housing funds outside the Project Area will
provide additional housing opportunities to employees who are employed with
businesses located in the Project Area;
d. Residential units outside the Project Area will benefit from the preservation or
improvement of affordable housing through the Agency's use of low- and
moderate -income housing funds, as funds become available; and
e. The use of these funds will enable the City of Diamond Bar to meet California
State housing requirements and fulfill housing goals and policies as stated in the
Housing Element of the General Plan of the City of Diamond Bar.
PASSED, APPROVED AND ADOPTED this 15 thday of April , 1997.
Mayor Pro Tem
I hereby certify that the foregoing Resolution was duly adopted by the Diamond Bar City
Council as its regular meeting thereof held on the 15th day of Ap r i 1 1997, by the
following vote of the Council:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS
ABSTAINED: COUNCIL MEMBERS
D—
Werner, MPT/Herrera
Harmony
Ansari, M/Huff
None
City Clerk
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