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HomeMy WebLinkAboutCDC/2011-45 (IMPORTANT NOTE: RESCINDED BY RESOLUTION 2011-45) (COMPANION RESOLUTION: 2011-209. 2011-210, 2011-211, CDC/2011-34, CDC/2011-35, CDC/2011-37, CDC?2011-38, CDC/2011-39, CDC/2011-40) 1 2 3 4 5 6 RESOLUTION NO. CDCj2011-36 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE ECONOMIC DEVELOPMENT AGENCY'S ANAL YSIS AND DETERMINATION OF THE APPROPRIATENESS OF THE PLANNING AND ADMINISTRATION EXPENDITURES OF THE LOW- AND MODERATE-INCOME HOUSING FUND FOR THE FISCAL YEAR 2011- 2012 AGENCY BUDGET 7 WHEREAS, included in the Redevelopment Agency of the City of San Bernardino (the 8 "Agency") Fiscal Year 2011-2012 Budget is the amount of $27,026,110 representing anticipated 9 revenues and expenditures of the Low- and Moderate-Income Housing Fund, of which $1,338,209 10 has been allocated for the purpose of anticipated planning and administration expenditures; and 11 WHEREAS, Section 33334.3(d) of the Health and Safety Code requires that redevelopment 12 agencies annually determine that the planning and administrative expenditures of the Low- and 13 Moderate- Income Housing Fund are necessary for and not disproportionate to the costs of 14 production, improvement or the preservation of low- and moderate-income housing; and 15 WHEREAS, in compliance with Section 33334.3(d) of the Health and Safety Code, the 16 Agency has made annual calculations to determine that the planning and administrative expenditures 17 are proportionate to and necessary for the production, improvement or preservation of low- and 18 moderate-income housing; and 19 WHEREAS, the Agency's independent financial auditor's have previously reviewed such 20 annual calculations and determination of planning and administrative expenditures in relation to the 21 expenditures for production, improvement or preservation of low- and moderate-income housing 22 and have found the Agency to be in compliance with the Health and Safety Code provisions cited 23 above;and 24 WHEREAS, it has been determined for the fiscal year 2011-2012 that the anticipated 25 planning and administrative expenditures of the Low- and Moderate-Income Housing Fund in the 26 amount of$1,338,209 represent 5% of the total budget of$27,026,110, are necessary to implement 27 the required housing programs, and that $25,687,901 or 95% of the total budget is anticipated to be 28 1 P:\Agendas\Comm Dev Commission\CDC 2011\2011-12 Budget docs\06-23-11 EDA Budget Adoption - Low Mod Admin. FY 11-12 CDC Reso Hdocx I CDC/2011-36 1 spent directly for the production, improvement or preservation of low- and moderate-income 2 housing, as outlined in the Staff Report; and 3 WHEREAS, Section 33334.3(d) of the Health and Safety Code requires the legislative body 4 to adopt the Agency's annual calculation and determination of the proportionality of planning and 5 administrative expenditures, as outlined in the Staff Report. 6 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE 7 CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, AS 8 FOLLOWS: 9 Section 1. The Community Development Commission of the City of San Bernardino 10 (the "Commission") hereby approves and adopts the Agency's annual calculation and determination 11 for the fiscal year 2011-2012 of the appropriate and necessary anticipated planning and 12 administration expenditures, as outlined in the Staff Report, in relationship to the anticipated 13 expenditures for the production, improvement or preservation of low- and moderate-income 14 housing. The Commission hereby finds and determines that said planning and administration 15 expenditures are reasonable. This Resolution shall take effect from and after its date of adoption by this 16 Section 2. 17 Commission. 18 19 /1/ 20 /1/ 21 //1 22 /1/ 23 //1 24 /1/ 25 /1/ 26 /1/ 27 /1/ 28 2 P:\Agendas\Comm Dev Commission\CDC 2011\2011-12 Budget docs\06-23-11 EDA Budget Adoption. Low Mod Admin. FY 11-12 CDC Reso H.docx CDC/2011-36 1 2 3 4 5 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE ECONOMIC DEVELOPMENT AGENCY'S ANAL YSIS AND DETERMINATION OF THE APPROPRIATENESS OF THE PLANNING AND ADMINISTRATION EXPENDITURES OF THE LOW- AND MODERATE-INCOME HOUSING FUND FOR THE FISCAL YEAR 2011- 2012 AGENCY BUDGET I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community 6 Development Commission of the City of San Bernardino at a Jt. Adi. Regular meeting 7 thereof, held on the 29th day of June Ayes , 2011, by the following vote to wit: 8 Commission Members: 9 MARQUEZ 10 VACANT 11 BRINKER 12 SHORETT 13 KELLEY 14 JOHNSON 15 MC CAMMACK 16 17 Absent Abstain Nays ~ x x x x ~ secre~ 18 "t \"" 19 The foregoing Resolution is hereby approved this 2>O.........day of June , 2011. 20 21 22 23 J. Morris, erson Com nity Development Commission of the City of San Bernardino 24 Approved as to Form: 25 ~' ) v" 2'-. / / LA- f1)------ Agency Counsel By: 26 27 28 3 P:\Agendas\Comm Dev Commission\CDC 2011\2011-12 Budget docs\06-23-11 EDA Budget Adoption - Low Mod Admin. FY 11-12 CDC Reso Hdocx