City of Long Beach - File #: 09-046R

• File #: 09-046R
• Version: 1
• Name: Reso to determine necessity of expenses, transfer discretionary taxes, NLB additional housing payment
• Type: RDA-Resolution
• Status: Adopted
• File created: 5/8/2009
• In control: Redevelopment Agency Board
• On agenda: 5/18/2009
• Final action: 5/18/2009
• 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 $2.3 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.
• Related files: 09-049R, 09-048R, 09-047R, 07-089R, 06-129R, 06-226R, 06-229R, 11-009R, 10-070R

Date	Ver.	Action By	Action	Result
5/18/2009	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 $2.3 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.

SUGGESTED ACTION

Approve recommendation.