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R 4205RESOLUTION NO. 4205 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE FINDING THE NECESSITY OF ADMINISTRATIVE EXPENSES CHARGED TO THE LOW AND MODERATE INCOME HOUSING FUNDS FOR PRODUCTION, IMPROVEMENT OR PRESERVATION OF LOW AND MODERATE INCOME HOUSING WHEREAS, the Budget for the City of Arroyo Grande for the Fiscal Year commencing Juy 1, 2009 and ending June 30, 2010 was approved by the City Council on June 9, 2009; and WHEREAS, the City Council also serves as the Redevelopment Agency Board of Directors; and WHEREAS, proceedings for adoption of said Budget were duly taken. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES RESOLVE AS FOLLOWS: By adopting the budget, the Agency finds that the planning and administrative expenses charged to the Low and Moderate Income Housing Fund are necessary for the production, improvement, or preservation of low- and moderate-income housing; H&S Code 33334.3(d). On motion of Council Member Costello, seconded by Council Member Amold, and on the following roll call vote, to wit: AYES: Council Members Costello, Amold, Fellows, Guthrie, and Mayor Ferrara NOES: None ABSENT: None the foregoing Resolution was passed and adopted this 28"' day of July 2009. RESOLUTION N0. 'y2o5 PAGE 2 TONY FE MAYOR ATTEST: ~'~'~i't-2- KELLY ET ORE, CITY CLERK APPROVED AS TO CONTENT: STEVEN ADAMS, CITY MANAGER APPROVED AS TO FORM: ~ YIM-- / TIMO HY J. EL, CITY ATTORNEY OFFICIAL CERTIFICATION 1, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 4205 is a true, full, and correct copy of said Resolution passed and adopted at a Regular meeting of the City CounciURedevelopment Agency of the City of Arroyo Grande on the 28"' day of July 2009. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 30'" day of July 2009. KELLY ORE, CITY CLERK