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2002-02 - RESOLUTION NO. CRA-2002-02 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE, CALIFORNIA, EXTENDING THE PERIOD DURING WHICH THE AGENCY MAY RETAIN THE PROPERTIES AT 12569 MICHIGAN AND 11695 CANAL WHEREAS, the Grand Terrace Redevelopment Agency purchased the properties at 12569 Michigan and 11695 Canal with the intention of using the site for affordable housing development; and WHEREAS, activities to develop the site for affordable housing have not yet been initiated; and WHEREAS, the Agency may retain the site for housing, up to an additional five years; and NOW, THEREFORE, the Community Redevelopment Agency of the City of Grand Terrace, does hereby resolve that the properties at 1'2569 Michigan and 11695 Canal be retained for an additional five year period for the purpose of developing affordable housing for persons and families of low and moderate income. PASSED, APPROVED AND ADOPTED this 25th day of April, 2002. Mayor of the City of Grand Terrace ATTEST: City Clerk of the City'of trand Terrace I, BRENDA STANFILL, City Clerk of the City of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 251h day of April, 2002, by the following vote: AYES: Councilmembers Hilkey, Larkin and Ferre'; Mayor Pro Tem Garcia and Mayor Buchanan NOES: None ABSENT: Alone ABSTAIN: Alone ���o� 4ZI Brenda Stanfill, City Clerk Approved as to form: J6M City Attorne