HomeMy WebLinkAbout058-86COUNCIL RESOLUTION NO. 58-86
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DANVILLE FINDING THAT THE USE OF TAXES ALLOCATED
FROM THE DOWNTOWN REDEVELOPMENT PROJECT 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
WHEREAS, the Community Development Agency of the City of
Danville (the "Agency") has prepared a proposed Redevelopment
Plan (the "Redevelopment Plan") for the Downtown Redevelopment
Project (the "Project") which would result in the allocation of
taxes from the Project Area to the Agency for the purposes of
redevelopment; and
WHEREAS, Section 33334.2 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.)
requires that not less than twenty percent (20%) of all taxes so
increasing the community's supply of low- and moderate-income
housing available at affordable housing cost; and
WHEREAS, Section 33334.2(g) of the Health and Safety Code
provides that the Agency may use such funds outside the Project
Area if a finding is made by resolution of the Agency and the
City Council that such use will be of benefit to the Project:
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DANVILLE
DOES HEREBY RESOLVE that the use of taxes allocated from the
Project Area for the purpose of improving and increasing the
community's supply of low- and moderate-income housing available
at affordable housing cost outside the Project Area and within
the City of Danville will be of benefit to the Project.
PASSED AND ADOPTED this 7th day of
the following vote:
July , 1986, by
AYES: Kennett, McNeely, Schlendorf
NOES: None
ABSENT: Lane, Offenhartz
ATTEST:
~-~ ci~ Clerk