HomeMy WebLinkAboutRES RDA 2011 250 2011 0907RESOLUTION NO. 2011 -250
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK REDUCING ITS ALLOCATION
TO THE LOW AND MODERATE INCOME HOUSING FUND
FOR THE 2011 -12 FISCAL YEAR AND MAKING CERTAIN
FINDINGS AND DETERMINATIONS
WHEREAS, Sections 33334.2 and 33334.3 of California's Community
Redevelopment Law [Health & Safety Code § §33000, et seq.] ( "CRL ") require the
Redevelopment Agency of the City of Moorpark (Agency) to use 20 percent of taxes
allocated to the Agency pursuant to Section 33670 of the CRL ( "Tax Increment ") for the
purpose of increasing, improving, and preserving the community's supply of low and
moderate income housing and to hold such funds in a separate Low and Moderate
Income Housing Fund until used ( "Low and Moderate Income Housing Fund "), and
WHEREAS, Assembly Bill x1 27 ( "AB 27 ") was passed by the State Legislature
on June 15, 2011; and
WHEREAS, AB 27, if enacted, would be codified as Part 1.9 of the California
Health and Safety Code (" Part 1.9 "); and
WHEREAS, AB 27, if enacted, would, upon the enactment of specified legislation
concerning redevelopment, establish a voluntary alternative redevelopment program
whereby the Agency would be authorized to continue to exist upon the enactment of an
ordinance by the City of Moorpark ( "City ") to comply with the provisions of Part 1.9,
including payment of an annual remittance to the County Auditor - Controller
( "Remittance Ordinance "); and
WHEREAS, AB 27, if enacted, would authorize the Agency to enter into an
agreement with the City whereby the Agency would transfer a portion of its Tax
Increment to the City in an amount not to exceed the amount of the City's annual
remittance to the County Auditor - Controller ( "Remittance Agreement "); and
WHEREAS, AB 27, if enacted, would authorize the Agency to reduce its
allocation of Tax Increment to the Low and Moderate Income Housing Fund for the
2011 -2012 Fiscal Year if the City complies with the provisions of Part 1.9 and the
Agency finds that there are insufficient other moneys to meet its debt and other
obligations, current priority program needs or its obligations under the Remittance
Agreement; and
WHEREAS, The Agency has reviewed and duly considered the Staff Report,
documents and other written evidence presented at the meeting and believes that it will
be in the best interests of the Agency and the health, safety, morals and welfare of its
residents, and in accord with the public purposes and provisions of applicable state and
local law and requirements to reduce its allocation of Tax Increment to the Low and
Resolution No. 2011 -250
Page 2
Moderate Income Housing Fund for the 2011 -2012 Fiscal Year by $350,000
( "Allocation Reduction "); and
WHEREAS, All other legal prerequisites to the adoption of this Resolution have
occurred; and
WHEREAS, The Agency has received and heard all oral and written objections
pertaining to this matter, and all such oral and written objections are hereby overruled.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Agency hereby finds and determines that the foregoing recitals
are true and correct.
SECTION 2. Based upon evidence in the record, the Agency finds that there are
insufficient other moneys to meet its debt and other obligations, current priority program
needs or its obligations under the Remittance Agreement.
SECTION 3. The Agency finds and determines that it is necessary to implement
the Allocation Reduction for the 2011 -2012 Fiscal Year.
SECTION 4. The Executive Director, or designee, is hereby authorized to take
such actions as are necessary and appropriate to carry out and implement the
Allocation Reduction for the 2011 -2012 Fiscal Year upon the City's enactment of the
VARP Ordinance.
SECTION 5. This Resolution shall take effect immediately upon its adoption.
SECTION 6. The Agency Secretary shall certify to the adoption of this resolution
and shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 7th day of September, 2011.
ATTEST:
Maureen Benson, Agency Secretary
r4ian�i�'ie S. Parvin, Chair
MARCH 18, 1
\"mac N
rnY OF tJ6
Resolution No. 2011 -250
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Agency Secretary of the Redevelopment Agency of the City
of Moorpark, California, do hereby certify under penalty of perjury that the foregoing
Resolution No. 2011 -249 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 7th day of September, 2011, and that the
same was adopted by the following vote:
AYES: Agency Members Mikos, Pollock, Van Dam, and Chair Parvin
NOES: None
ABSENT: Agency Member Millhouse
ABSTAIN: None
2011.
WITNESS my hand and the official seal of said City this 14th day of September,
Maureen Benson, Agency Secretary
(seal)
` MARCH 18,
CI P
Pry- OF,