HomeMy WebLinkAboutCDC/2008-04
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RESOLUTION NO, CIIC/2008-4
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE
ECONOMIC DEVELOPMENT AGENCY'S ("AGENCY") ANALYSIS AND
DETERMINATION OF THE APPROPRIATENESS OF THE PLANNING
AND ADMINISTRATION EXPENDITURES OF THE LOW- AND
MODERATE - INCOME HOUSING FUND FOR THE FISCAL YEAR 2007-
2008 AGENCY BUDGET
WHEREAS, on June 21, 2007, the Community Development Commission of the City of San
8 Bernardino ("Commission") adopted the Economic Development Agency's ("Agency") Fiscal Year
9 2007-2008 Budget, with the exception of$9.6 million of carry-over Tax Increment Fund balances to
10 be allocated to one-time funding of certain projects and activities; and
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WHEREAS, included in the Agency's Fiscal Year 2007-2008 Budget is the amount of
12 $25,233,362 representing anticipated revenues and expenditures of the Low- and Moderate-Income
13 Housing Fund, of which $1,731,560 has been allocated for the purpose of anticipated planning and
14 administration expenditures; and
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WHEREAS, Section 33334.3(d) of the Health and Safety Code requires that redevelopment
16 agencies annually determine that the planning and administrative expenditures of the Low- and
17 Moderate-Income Housing Fund are necessary for and not disproportionate to the costs 0
18 production, improvement or the preservation oflow- and moderate-income housing; and
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WHEREAS, in compliance with Section 33334.3(d) of the Health and Safety Code, the
20 Agency has made annual calculations to determine that the planning and administrative expenditures
21 are proportionate to and necessary for the production, improvement or preservation of low- and
22 moderate-income housing; and
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WHEREAS, the Agency's independent financial auditor's have previously reviewed such
24 annual calculations and determination of planning and administrative expenditures in relation to the
25 expenditures for production, improvement or preservation of low- and moderate-income housing
26 and have found the Agency to be in compliance with the Health and Safety Code provisions cited
27 above; and
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P:\Agendas\Resolutions\R.esolutions\2008\Ol-22-OB EDA Budget FY 07-08 Amendment Reso C.doc
1 WHEREAS, it has been determined for the fiscal year 2007-2008 that the anticipated
2 planning and administrative expenditures of the Low- and Moderate-Income Housing Fund in the
3 amount of $1,731,560 represent 6,88% of the total budget of $25,233,362, are necessary to
4 implement the required housing programs, and that $23,501,802 or 93.12% of the total budget is
5 anticipated to be spent directly for the production, improvement or preservation of low- and
6 moderate-income housing, as outlined in the Staff Report; and
7 WHEREAS, Section 33334.3(d) of the Health and Safety Code requires the legislative body
8 to adopt the Agency's annual calculation and determination of the proportionality of planning and
9 administrative expenditures, as outlined in the Staff Report,
10 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE
11 CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, AS
12 FOLLOWS:
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Section 1.
The Commission hereby approves and adopts the Agency's annual
14 calculation and determination for the fiscal year 2007-2008 of the appropriate and necessary
15 anticipated planning and administration expenditures, as outlined in the Staff Report, in relationship
16 to the anticipated expenditures for the production, improvement or preservation of low- and
17 moderate-income housing. The Commission hereby finds and determines that said planning and
18 administration expenditures are reasonable.
19 Section 2.
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The Resolution shall become effective immediately upon its adoption,
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE
ECONOMIC DEVELOPMENT AGENCY'S ("AGENCY") ANALYSIS AND
DETERMINATION OF THE APPROPRIATENESS OF THE PLANNING
AND ADMINISTRATION EXPENDITURES OF THE LOW- AND
MODERATE - INCOME HOUSING FUND FOR THE FISCAL YEAR 2007-
2008 AGENCY BUDGET
6 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community
7 Development Commission of the City of San Bernardino at a joint regular
meeting
8 thereof, held on the 22nd day of Januarv , 2008, by the following vote to wit:
9 Commission Members: Aves Navs Abstain Absent
10 ESTRADA --X-
11 BAXTER -L-
BRINKER x
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DERRY x
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KELLEY x
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JOHNSON x
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MC CAMMACK x
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19 The foregoing Resolution is hereby approved this~flII day of January
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,2008,
<3---f"......' ,
atric J. Morris, on
unity Development Commission
of the City of San Bernardino
24 Approved as to Form:
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By: C/~
26 Agency C sel
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