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k { <br />RES?LUTI?N N. CRA ?0? ?- <br />A RES?LlJTION ?F THE C?N?UNITY REDEIIEL?PN?ENT <br />AGENCY QF THE CITY QF SANTA ANA AD?PTIN CEA <br />FII?DINC ?F FACT AND ? STATEMENT ?P ?1lERRIDIN <br />C?NSIDERATI?NS, AD?PT?N MITIATI?N MNIT?RIN <br />AND REPQRT?N? PRCRAI?, APPR?1lIN A DISP?SITl?N <br />AND DE1IEL?PMENT ACREE#?ENT BET111lEEN TFIE AGENCY <br />AND SANTA ANA STATION DISTRICT, I..,LC, A CALIFORNIA <br />LIMITED LIABILITY COMPANY, AND #?AK[NC PI?IDINCS IN <br />C?NNECTI??1 TREREtIVITI? <br />Section ? .The Board of the Cor?rrrunity Redevelopment Agency of the Cit?r of Santa Ana <br />hereby finds, determines and declares follows: <br />A? Sections ?3?4,2 and 3??4. of the California Redevelopr?ent Lain, Health <br />and Safety Code Section 3000, e?e?. ?"CRL"}, authorize and direct the <br />Cornr?unity Redeve[opmentAgency of the City of Santa Ana ?"Agency'}} to <br />expend a certain percentage of a[I taxes which are allocated to the Agency <br />pursuant to CRL Section 336?? forthe purposes of increasing, improving and <br />preserving the cor?n?unity's suppl?i of housing available at an affordable <br />housing post to persons and families of very Iow, Iow, and moderate income; <br />and, <br />B. Pursuant to applicable provisions of the CRL, the Agency has established a <br />Low and Moderate Income Reusing Fund ?"Rousing Fund"}, ar?d pursuant to <br />RL Section ?.??e}, in carrying out ifs affordable housing activities, the <br />Agency i authorised to provide subsidies to orforthe benefit of very low <br />Income and lower income households, or persons and families of Iow or <br />roderate income, to the extent those households cannot obtain housing at <br />affordable costs on the open market, and to provide financial assistance far <br />the construction and rehabilitation of housing which will be rude available at <br />an affordable hauling cost to such peronsx and <br />C. Pursuant to CRL Section 34? ?b?, the Agency is required to ensure that at <br />least ? 5 percent of all new and substantially rehabilitated dwelling units <br />developed within a project area under the jurisdiction of the Agency by private <br />or public entities or persons otherthan the Ager?cyshall be available at <br />affordable housing cost to persons and families of low or moderate income; <br />and <br />D. The Agency currently owns certain real property ?"Agency Parcels"} located <br />within the City of Santa Ana ?"City"}, which property is also partially located <br />within the geographic boundaries the "Project Area"'} of the N[erged Project <br />??`1111erged Project"}, and i attempting tv acquire other real property that i <br />currently owned by third parties ?"Additional Properties'}} ?theAgency Parcels <br />and Additional Properties are collectivel?r referred to as the "Site"};and <br />Resolution No. CRA ?o? 0-X <br />Page ? of ?