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Staff Report to the Mayor and City Council <br />Colton Housing Authority <br />March 15, 2011 <br />Page 3 <br />As mentioned in Exhibit "A", a housing authority already exists in every county and city in <br />California. In order to activate the City's Housing Authority, the City Council needs to adopt a <br />resolution containing findings required by the California Housing Authority Law. The attached <br />Resolution (Exhibit `B") contains all of the necessary findings and actions required to form a <br />housing authority. <br />FISCAL IMPACTS <br />It is anticipated that in the event that a budget measure is adopted as substantially proposed by <br />the Governor, initial funding for the housing authority would be provided from any fund balance <br />in the LMI Housing Fund. However, the recommended action stated below does not, by itself, <br />have a fiscal impact. <br />ALTERNATIVES <br />1. Provide alternative direction to staff. <br />ATTACHMENTS <br />Resolution No. R-27-11 <br />