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CRA - 51RESOLUTION NO. CRA-51 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CYPRESS, CALIFORNIA, APPROVING A REPLACEMENT HOUSING PLAN FOR THE WALKER/ORANGE PROPERTY LOCATED WITHIN THE AMENDED CIVIC CENTER REDEVELOPMENT PROJECT AREA, CITY OF CYPRESS, CALIFORNIA A. Recitals. (i) The Cypress Redevelopment Agency, City of Cypress, California (the "Agency"), in accordance with the Amended Civic Center Redevelopment Plan (the "Redevelopment Plan") has been assembling an approximately six (6) acre site located within the Civic Center Project Area (the "Project Area") at the northwest corner of Walker Street and Orange Avenue (the "Property") for the purpose of causing a future redevelopment project, which project will require the demolition of twenty-one (21) dwelling units available for occupancy by persons and families of low and moderate income. (ii) The Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et seq.) (the "Community Redevelopment Law") provides that whenever dwelling units housing persons and families of low or moderate income are destroyed or removed from the low- and moderate-income housing market as a part of a redevelopment project, the redevelopment agency shall, within four (4) years of such destruction or removal, rehabilitate, develop or construct or cause to be rehabilitated, developed or constructed, for rental or sale to persons and families of low or moderate income, an equal number of replacement dwelling units at affordable rents within the redevelopment project area or within the territorial jurisdiction of the agency, in accordance with all of the provisions of Sections 33413 and 33413.5 of said Community Redevelopment Law. (iii) The Community Redevelopment Law further requires that the Agency shall prepare, and adopt by resolution, a replacement housing plan (the "Replacement Housing Plan") which sets forth the Agency's plan for replacing those units which will be removed from the low- and moderate-income housing market. (iv) Consistent with the Community Redevelopment Law and the Redevelopment Plan, the Replacement Housing Plan sets forth the Agency's plan for the construction of an equal number of replacement dwelling units at affordable housing cost within the territorial jurisdiction of the Agency within four (4) years following the date for destruction of the affordable dwelling units to be destroyed by the Agency for the future redevelopment project, and satisfies all other applicable requirements of the Community Redevelopment Law and the Redevelopment Plan. (v) In accordance with the Community Redevelopment Law a finding has been made that the replacement housing proposed in the Replacement Housing Plan does not require the approval of voters pursuant to Article XXXIV of the California Constitution, or that such approval has been obtained. (vi) In accordance with the Community Redevelopment Law the Replacement Housing Plan was made available for the review of Project Area Committee members (the "PAC"), other public agencies and the general public for a reasonable time period. (vii) All legal prerequisites to the adoption of this Resolution have occurred. B. Resolution. NOW, THEREFORE, THE CYPRESS REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: 1. This Agency hereby finds that all of the facts set forth in the Recitals, Part A, of this Resolution are true and correct. 2. This Agency hereby finds that the Replacement Housing Plan is in accordance with the Community Redevelopment Law and the Redevelopment Plan. 3. This Agency hereby specifically finds that the replacement housing proposed in the Replacement Housing Plan does not require the approval of voters pursuant to Article XXXIV of the California Constitution. Plan. Thls Agency hereby approves the Replacement Housing 5. The Secretary of the Redevelopment Agency of the City of Cypress shall certify to the adoption of this Resolution. PASSED AND ADOPTED by the governing body of the Cypress Redevelopment Agency on the 12th day of February 1990. ATTEST: SECR'ETARY CYPRESS REDEVELOPMENT AGENCY -- ~ CHAIR]~AN -- ~ CYPRESS REDEVELOPMENT AGENCY STATE OF CALIFORNIA) COUNTY OF ORANGE ) SS I, DARRELL ESSEX, Secretary of the Cypress Redevelopment Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of said Agency held on the 12th day of February 1990, by the following roll call vote: AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry and Kanel NOES: 0 AGENCY MEMBERS: None ABSENT 1 AGENCY MEMBERS: Age '- SECRETARY/ CYPRESS REDEVELOPMENT AGENCY - 2 -