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2011-10 RESOLUTION NO. 2011-10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, REGARDING SALE AND/OR LEASE OF SMALL HOUSING PROJECTS WHEREAS, pursuant to Health and Safety Code Section 33433, prior to the disposition by the Redevelopment Agency of property purchased with tax increment monies pursuant to the Redevelopment Plan, the disposition shall first be approved by the City Council by resolution after a public hearing, which resolution is required to contain certain findings related to the fair re-use value of the property; and WHEREAS, pursuant to Health and Safety Code Section 33433 (3)(1), said findings shall not apply to the sale or lease of the small housing project, as defined in Health and Safety Code Section 33013 if the City Council adopts a resolution authorizes the disposition of a small housing project pursuant to statute; and WHEREAS, Health and Safety Code Section 33013 defines a small housing project as real property containing or proposed to contain a separate residential structure having not more than four (4) dwelling units and which is owed by the Agency t and proposed to be conveyed to persons or families of low and moderate income or to rr private parties pursuant to an agreement to develop and maintain a low and moderate residential structure subject to a deed restriction limiting occupancy to persons and families of low or moderate income for a period of not less than thirty (30) years; and WHEREAS, the City Council desires that all such small housing projects be exempted from the application of Health and Safety Code Section 33433. NOW, THEREFORE, the City Council of the City of Grand Terrace does hereby make the following FINDINGS AND DETERMINATIONS: 1. The foregoing recitals are true and correct and incorporated hereat as if set forth in full. 2. That the City of Grand Terrace exempts the application of Health and Safety Code Sections 33433(a)(b) to the sale or lease of a small housing projects, as defined in Health and Safety Code Section 33013. kw 4. PASSED AND ADOPTED by the City Council of the City of Grand Terrace at a regular meeting held on May 24t", 2011. Mayor4oftkQ �Zdof Terrace Attest: City Clerk of the City of Grand Terrace I, BRENDA MESA, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 1L-I was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 2e day of May, 2011, by the following vote: AYES: Councilmembers MCNaboe, Sandoval _nd Hays, Mayor Pro Tem Garcia Mayor-Stasckiewitz--, NOES: None ABSENT: None ABSTAIN: None Brenda Mesa, City Clerk Approved a to form: City Attome