Resolution No. 3746RESOLUTION NO. 3746
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
FINDING THAT THE PROVISION OF LOW AND MODERATE INCOME
HOUSING OUTSIDE THE LINCOLN AVENUE REDEVELOPMENT PROJECT
WILL BE OF BENEFIT TO THE PROJECT AREA.
WHEREAS, the City Council of the City of Cypress (the
"Agency ") has undertaken the formation of the Lincoln Avenue
Redevelopment Project; and
WHEREAS, in accordance with Section 33334.2(a) of Community
Redevelopment Law, not less than twenty percent (20 %) of all taxes
which are allocated to the Agency from a redevelopment project area
shall be used for the purposes of increasing and improving the
community's supply of low and moderate income housing; and
WHEREAS, Section 33334.2(g) of Community Redevelopment Law
provides that the Agency may use such funds outside a project area
upon adoption of a resolution by the Agency and by the legislative
body finding that the provision of low and moderate income housing
outside a project area is of benefit to the redevelopment project;
and
WHEREAS, the General Plan of the City
designate land for residential development
Avenue Redevelopment Project while suitable
housing are available in other parts of the co
of Cypress does not
within the Lincoln
locations for such
mmunity.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY
THE CITY OF CYPRESS AS FOLLOWS:
THE CITY COUNCIL OF
SECTION 1. Pursuant to Section 33334.2(g) of Community
Redevelopment Law, the City Council hereby finds that the provision
of low and moderate income housing outside the Lincoln Avenue
Redevelopment Project will be of benefit to the Project Area.
PASSED AND ADOPTED by the City Council of the City of Cypress
at a regular meeting held on the 14th day of May 1990.
YOR OF ITY OFWRESS
ATTEST:
CITY LER
CIT K
OF CYPRESS
C Y
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE )
I, DARRELL ESSEX, City Clerk of the City of Cypress,
CERTIFY that the foregoing Resolution was duly adopted at
meeting of the said City Council held on the 14th day of
by the following roll call vote:
AYES: 5
NOES: 0
ABSENT: 0
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
DO HEREBY
a regular
May 1990;
Arnold, Bowman, Kanel, Kerry and Age
None
None
CITY CLERK 0 THE CITY OF CYPRESS