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�: ,2 .4 - � <br /> WHERAS, among its activities, HEART facilitates the acquisition, construction, <br /> financing, operation and maintenance of housing programs, projects and facilities by its <br /> Member Agencies; and <br /> WHEREAS, by becoming a member of HEART, a Member Agency can earn <br /> economic benefits not realized when operating individually in connection with workforce <br /> and affordable housing programs; and <br /> WHEREAS, to become a Member Agency of HEART, the City will need to make <br /> a monetary contribution to HEART's Administrative budget (the "Administrative Fee"); <br /> and <br /> WHEREAS, the Agency desires to pay the aforementioned Administrative Fee <br /> on behalf of the City from its Redevelopment Housing Set-Aside Funds; and <br /> WHEREAS, although there is no guaranty that HEART will assist projects <br /> located within the Agency's Project Area, all projects will be limited to San Mateo <br /> County; and <br /> WHEREAS, Section 33334.2(g) of the Health & Safety Code authorizes the use <br /> of the Agency's Redevelopment Housing Set-Aside Funds to assist affordable housing <br /> outside of a project area if the Agency and the City Council determine that the use will <br /> be of benefit to the Agency's Project Area. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF REDWOOD CITY AS FOLLOWS: <br /> 1. The City Council hereby finds and determines that Agency's use of <br /> Redevelopment Housing Set-Aside Funds for the payment of the Administrative Fee will <br /> be of benefit to the Agency's Project Area by assisting HEART's development of county- <br /> Atty/Reso.1579 2 <br /> 120205 <br />