HomeMy WebLinkAboutResolutions 87-248 N.C.S. 07/20/1987~, ,
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FZesoluton No.~N. C~. S.
of the City.:of Petaluma, California
RESOLUTION APPROVING 1'987-1988
HOUSING PROGRAM
'WHEREAS, General Plan policy 'requires participation by major projects, in
excess of fifteen (15) dwelling units, to assist. with the provision of very
low, low and moderate income housing; and,
WHEREAS, one method of . compliance with this policy is the payment of in
lieu housing fees by .individual developers, the funds to be used to help
meet the need for very low:, low and moderate income housing; and,
WHEREAS on July 20, 19.87' the City Council met and discussed the allocation
of said funds for the. 19.87-8'8 fiscal year,
NOW,, THEREFORE, BE IT RESOLVED that. the following programs be
undertaken in fiscal 1987-8'8:
1. $2'16, 00.0. for the second mortgage program in addition to the
$200,,000 allocated. but unobligated in fiscal 1986-87.
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2 , Up to $40 , 000 for afeasibility /market study to determine whether
the City should pursue acquisition/development of a manufactured
home subdivision.
3. $250,019 in support of site development and/or pre-development
for the proposed Madrone Lane project proposed by the Burbank
Housing Development Corporation.
4. The City staff is charged with development of a proposal for
Council consideration which would provide assistance for qualified
very low, low and/or moderate income renters to secure suitable
housing by providing a guarantee of initial rental deposit,
e.g. first and last months' rent and security deposit.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the pp~ra~e as to
Council of the City of Petaluma at a (Regular) (~j~'tcl~i~~~~io~eting fO _._...-
on the .....2.Otkl......._... day of ..............c].Ul~r...........-----...................-., 19$2.-., by the
following vote:
ty Attorney
AYES: Sobel, Balshaw, Davis, Tencer, Vice Mayor Woolsey, Mayor Hilligoss / /
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ABSENT: Cavanagh ~ ~ J",
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ATTEST : ......................... ................................ ........................ .... ~`~[.-G°,~:..........-..- f -•-- - -'-~~J .....
City lerk Mayor
Council File ....................................
ca io-s5 Hes. Na....87-2.4$....... N.c.s.