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RESOLUTION NO. 20328 A RESOLUTION OF THE CITY OF RIVERSIDE, CALIFORNIA, AUTHORIZING PARTICIPATION IN THE STATE OF CALIFORNIA POLLUTION CONTROL FINANCE AUTHORITY SUSTAINABLE COMMUNITIES GRANT AND LOAN PROGRAM AND GRANTING THE CITY MANAGER AUTHORITY TO SIGN AND EXECUTE AUTHORIZING DOCUMENTS AND AGREEMENTS IN CONNECTION THEREWITH TO FACILITATE SINGLE FAMILY INFILL HOUSING DEVELOPMENT FOR FAMILIES IN RIVERSIDE. WHEREAS, there are numerous vacant lots within the City of Riverside that are designated for single family housing, but are undeveloped; WHEREAS, although these vacant lots are an opportunity to create home ownership, they often have a blighting effect on a neighborhood and attract dumping and crime; WHEREAS, Authorized by State Senate Bill 199, in 2002 the State of California Pollution Control Finance Authority publicized a Request for Proposal for the Sustainable Communities Loan and Grant Program, a program to supply grant monies to programs that assist in creative growth planning and programs with an environmental impact; WHEREAS, the City of Riverside proposed the Riverside Infill Development Incentive (RIDI) program, a local incentive program designed to grant up to $5,000 to reimburse builders who receive building permits, and build a single family house on a vacant lot in a low to moderate- income area; WHEREAS, the goal of the RIDI Program is to improve low to moderate-income neighborhoods by providing incentives to developers to build single-family homes on underutilized, undeveloped parcels of land. The Program decreases the instances of pollution, dumping and crime associated with vacant and underutilized lots. RIDI is also a vehicle to revitalize neighborhoods while creating affordable housing for low and moderate-income families; WHEREAS, the RIDI program is part of a larger local effort to improve neighborhoods through increased home ownership. A significant focus of this effort is to