HomeMy WebLinkAboutPCDC Resolution 2010-09 06/07/2010RES®LUTI®IV N®. 2010-09
PETALUI~A C011Ai1~UiV1TY ®EVELOPNIEIVT COMIIAISSIOIV
DETERMINING THE NECESSITY OF EXPENDING FUNDS FOR THE
PLANNING AND ADMINISTRATION OF PROJECTS AND PROGRAMS
WHICH FACILITATE THE PRODUCTION, IMPROVEMENT, OR PRESERVATION OF
LOW AND MODERATE INCOME HOUSING FOR FY 2010-2011
WHEREAS, pursuant to the Community Redevelopment Law, California Health and Safety
Code Section 33000 et seq. ("CRL"),the Petaluma Community Development Commission
("PCDC") has established and implemented a Low and Moderate Income Housing Fund
("Housing Fund"); and,
WHEREAS, the Housing Fund is utilized for the production, improvement, and preservation
of low and moderate income housing; and,
WHEREAS, Section 33334.3(d) of the CRL requires the PCDC to make a determination that
PCDC funds expended from the Housing Fund for planning and administrative expenses are
necessary for the production, improvement and preservation of low and moderate income
housing; and,
WHEREAS, in order to comply with section 33334.3(d) of the CRL for fiscal year 2010-201 1,
the PCDC desires to make a determination that funds expended from the Housing Fund in the
amount of approximately fifteen percent (15%) of the total budget were necessary for the
production, improvement and preservation of low and moderate income housing, such amount
not being disproportionate to the amount actually spent for the costs of production,
improvement or preservation of housing.
NOW, THEREFORE, BE IT RESOLVED THAT the Petaluma Community Development
Commission hereby finds and determines that funds expended from the Housing Fund for
planning and administrative expenses in fiscal year 2010-201 1 are necessary for the production,
improvement and preservation of low and moderate income housing.
ADOPTED this 7th day of June, 2010, by the following vote:
Commissioner. ' Aye ,. No -Absent Abstain
Barrett X
Vice Chair Glass X
Harris X
Healy X
Rabbitt X
Renee X
Chair Torliatt X
PCDC Resolution No. 2010-09 Page 1
ATTEST:
Claire Cooper, CMC, Recording cretary
APPROVED AS TO FO
Eric Danly, General C unsel
PCDC Resolution No. 2010-09 Page 2