HomeMy WebLinkAboutPCDC Resolution 2011-14 09/12/2011 RESOLUTION NO. 2011-14
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
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 2011 -2012
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 an annual
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 2011-2012,
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 2011-2012 were necessary for the
production, improvement and preservation of low and moderate income housing.
ADOPTED this 12th day of September, 2011 by the following vote:
Commissioner Aye No Absent Abstain
Albertson X
Barrett X
Chair Glass X
Harris X
Vice Chair Healy X
Kearney X
Renee X
PCDC Resolution No. 2011 -14 Page I
David Glass, Chair
ATTEST:
Claire Cooper, CMC, Recording 4 retary
APPROVED AS TO FORM:
Eric W. Danly, General Counsel
PCDC Resolution No. 2011 -14 Page 2