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2008-054-Approving The Five Year Implement Plan And Affordable Housing Production Plan Midterm Review For The Central Los Gatos Redevelopment Project AreaRESOLUTION 2008-054 RESOLUTION OF THE .REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS APPROVING THE FIVE YEAR IMPLEMENTATION PLAN AND AFFORDABLE HOUSING PRODUCTION PLAN MIDTERM REVIEW FOR THE CENTRAL LOS GATOS REDEVELOPMENT PROJECT AREA WHEREAS, the Redevelopment Agency of the Town of Los Gatos (the "Agency") is carrying .out the Redevelopment Plan for the Central Los Gatos Project Area (the "Project Area"); and WHEREAS, pursuant to Health and Safety Code Section 33490, the Agency on November 1~, 2004 conducted a public hearing and adopted RDA Resolution 2004-13RD approving the Agency's 2004-2009 Implementation Plan for the Project Area; and WHEREAS, pursuant to Health and Safety Code Section 33490, the Agency is required to conduct a noticed public hearing and hear testimony of all interested parties for the purpose of reviewing the Redevelopment Plan and corresponding Implementation Plan for the Project Area and evaluating the progress of the redevelopment project; and WHEREAS, Agency staff has prepared and presented to the Agency an Implementation Plan Midterm Review dated February 2008 for the five year. period covering July 1, 2004 to June 30, 2009, a copy of -which is on file with the Agency Secretary; and WHEREAS, on the date of this resolution, the Agency has conducted and concluded a duly noticed public hearing on the Implementation Plan Midterm Review dated February 2008 in accordance with Health and Safety Code Section 33490; and WHEREAS, the Agency finds that the Implementation Plan Midterm Review dated February 2008, with any modifications as considered and approved in connection with the public hearing, constitutes a statement of the Agency's goals and objectives for the Project Area, a summary of specific programs and proposed expenditures proposed to be made by the Agency for the redevelopment of the Project Area for the five year period stated, and an explanation of how the goals and objectives, projects .and expenditures will eliminate blight within the Project Area and implement the affordable housing regulations of the Community Redevelopment Law; and WHEREAS, pursuant to Health and Safety Code Section 33490, approval of an Implementation Plan Midterm Review does not constitute a project for purposes of the California Environmental Quality Act ("CEQA"), and therefore no environmental documentation is required pursuant to CEQA. RESOLVED, that the Agency hereby approves and adopts the Implementation Plan Midterm Review for the Central Los Gatos Project Area and orders that a copy of the Implementation Plan Midterm Review be maintained on file with the Agency Secretary. FURTHER RESOLVED, that the Agency hereby authorized the Agency Executive Director to take .such other actions as are appropriate to effectuate the intent of the Implementation Plan Midterm Review. FURTHER RESOLVED THAT this Resolution shall take immediate effect from and after its passage. PASSED AND ADOPTED at a regular meeting of the Town of Los Gatos Redevelopment Agency held on the 5th day of May, 2008, by the following vote: REDEVELOPMENT AGENCY MEMBERS; AYES.: Steve Glickman, Diane McNutt, Joe Pirzynski, Mike Wasserman, and Mayor Barbara Spector NAYS: None ABSENT: ABSTAIN: S' CHAIR THE REDEVELOPMENT AGENCY TO OF LOS GATOS, CALIFORNIA ATT ST: . ~. . SEC RY OF ThiE REDEVELOPMENT AGENCY TOWN OF LOS GATOS, CALIFORNIA