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<br />12/15/2008 <br /> <br />ORIGINAL <br />RESOLUTION NO. RD- 08-09 <br /> <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br />REDWOOD CITY APPROVING THE OWNER PARTICIPATION <br />AGREEMENT WITH THE MENTAL HEALTH ASSOCIATION OF SAN <br />MATEO COUNTY FOR SUPPORTIVE HOUSING AT CEDAR STREET <br />APARTMENTS AND AUTHORIZING THE EXPENDITURE OF HOUSING <br />SET-ASIDE FUNDS FOR THE CEDAR STREET PROJECT <br /> <br />WHEREAS, the Redevelopment Agency of the City of Redwood City (the <br /> <br />"Agency") has prepared a Redevelopment Plan (the "Redevelopment Plan") for <br /> <br />Redevelopment Plan Area A (the "Project Area") which allocates taxes from the Project <br /> <br />Area to the Agency pursuant to Health & Safety Code Section 33670, for the purposes <br /> <br />of Redevelopment; and <br /> <br />WHEREAS, Sections 33334.2 and 33334.3 of the Health & Safety Code require <br /> <br />the Agency to use twenty percent (20%) of the taxes allocated from the Project Area to <br /> <br />the Agency for the purpose of increasing, improving, and preserving the community <br /> <br />supply of low and moderate income housing ("Redevelopment Housing Set-Aside <br /> <br />Fund"); and <br /> <br />WHEREAS, the Consolidated Plan and Housing Element goals of the City of <br /> <br />Redwood City ("City") include expanding the supply of affordable housing for Redwood <br /> <br />City households who are low income and special needs populations; and <br /> <br />WHEREAS, the properties at 104 and 112 Cedar Street (formerly Assessor's <br /> <br />Parcel Numbers 053-188-050 and 053-188-060, respectively; now a single parcel with <br /> <br />Assessor's Parcel Number 053-188-080), vacant lots in Redevelopment Plan Area A, <br /> <br />ATTY/RESO/RESO.1878 <br />121008 <br /> <br />1 <br /> <br />RD 08-09 <br />MUFF 405 <br />