City of Long Beach - File #: 07-089R

• File #: 07-089R
• Version: 1
• Name: housing set-aside for the North and Central LB Project Area
• Type: RDA-Resolution
• Status: Adopted
• File created: 6/10/2007
• In control: Redevelopment Agency Board
• On agenda: 6/18/2007
• Final action: 6/18/2007
• Title: Recommendation to determine that the planning and administrative expenses charged to the low- and moderate-income housing fund were necessary for the production, improvement and preservation of low- and moderate-income housing; Approve the transfer of $1.3 million of discretionary tax increment from the North Long Beach Redevelopment Project Area to pay a portion of the housing set-aside obligation of the Central Long Beach Redevelopment Project Area; Adopt a resolution finding the payment of additional housing set-aside by the North Long Beach Redevelopment Project Area is of benefit to the project area; Approve the Redevelopment Agency Budget for Fiscal Year 2007-2008 (FY08) and forward it to the City Council for approval as part of the City budget adoption process; and Approve amendments to the Redevelopment Agency’s Budget for Fiscal Year 2006-2007 (FY07) as described in the Estimate-to-Close. (Citywide)
• Related files: 11-009R, 10-070R, 09-046R

Date	Ver.	Action By	Action	Result
6/18/2007	1	Redevelopment Agency Board	approve recommendation and adopt	Pass

TITLE

Recommendation to determine that the planning and administrative expenses charged to the low- and moderate-income housing fund were necessary for the production, improvement and preservation of low- and moderate-income housing;

Approve the transfer of $1.3 million of discretionary tax increment from the North Long Beach Redevelopment Project Area to pay a portion of the housing set-aside obligation of the Central Long Beach Redevelopment Project Area;

Adopt a resolution finding the payment of additional housing set-aside by the North Long Beach Redevelopment Project Area is of benefit to the project area;

Approve the Redevelopment Agency Budget for Fiscal Year 2007-2008 (FY08) and forward it to the City Council for approval as part of the City budget adoption process; and

Approve amendments to the Redevelopment Agency's Budget for Fiscal Year 2006-2007 (FY07) as described in the Estimate-to-Close. (Citywide)

DISCUSSION

[Description/Discussion]

TIMING CONSIDERATIONS

[Timing Considerations]

FISCAL IMPACT

[Fiscal Impact]

SUGGESTED ACTION

Approve recommendation.

BODY

[Enter Body Here]

Respectfully Submitted,

NAME	APPROVED:
TITLE
	GERALD R. MILLER
	CITY MANAGER