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<br />JUN 1 7 1985 <br /> <br />i <br /> <br />R B SOL U 'I.' ~ O. . o. 9 9 0 6 ORIGINAL <br />A RESOLUTION DsdLARING NBBD FOR TRB <br />REDWOOD CI'l"Y HOOSING D~PMBlft' FINANCING AOTHORITY <br />I <br /> <br />RESOLVED BY THE COUNCIL 9F THE CITY OF REDWOOD CITY, AS <br /> <br />FOLLOWS: I <br /> <br />1. There is a shortage IOf safe or sanitary dwelling <br /> <br />accommodations in the City avai~able to persons of low income at <br />! <br />! <br />I <br /> <br />The shortgage impai~s economic values and necessitates <br />I <br />i <br />excessive expenditures for PUbl~C health and safety and other <br /> <br />public services and facilities. I <br />i <br />It is in the public linterest that the shortgage be <br /> <br />alleviated but not by means Whi4h foster conditions causing an <br /> <br />I <br /> <br />increase in and spread of disea~e and crime, constituting a menance <br /> <br />to the health, safety and welfa~e, and necessitating <br />i <br />disproportionate expenditures f1r crime prevention and fire <br /> <br />rentals they can afford. <br /> <br />2. <br /> <br />3. <br /> <br />protection. <br />4. The shortage can be lalleviated without creating <br />! <br />i <br />detrimental conditions by assis~ance in the financing of housing <br />developments for a range of hou~eholds, not just households of very <br />low income, and in which a SUbstantial proportion of the <br />residential units are for occup~ncy by households of low and <br />moderate or higher income. ' <br />S. The Legislature has lestablished in the City, by <br />Division 24, Part 2, Chapter 1 ~f the Health and Safety Code of the <br /> <br />'1) Q [\ e <br />:i <.l ,/ . <br />