HomeMy WebLinkAboutPCDC Resolution 2007-17 11/05/2007RES®LUTI®N NO. 200717
PETALUMA COMMUNITY ®EVELOPMENT COMMISSION
DETERMINING THE NECESSITY OF EXPENDING FUNDS
FOR THE PLANNING AND ADMINISTRATION OF PROJECTS AND PROGRAMS
WHICH FACILITATE THE PRODUCTION, IMPROVEMENT, OR PRESERVATION
OF LOW AND MODERATE INCOME HOUSING FOR 2007-2008
WHEREAS, the Petaluma Community Development Commission (PCDC) has established
and implemented a Low and Moderate income Housing Fund; and,
WHEREAS, the Housing Fund is utilized for the production, improvement, and preservation
of low and moderate income housing; and,
WHEREAS, the Commission has made findings that it is necessary to utilize a portion of the
Housing Fund for the purposes of planning and administration of the Housing Fund; and,
WHEREAS, the Commission has approved the Housing Fund budget for planning and
administration in an amount equal to approximately 2.64% of the total budget; and,
WHEREAS, the Commission has determined that amount is "not disproportionate to the
amount actually spent for the costs of production, improvement, or preservation of housing."
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development
Commission makes the finding of determination of necessity for the expenditure of funds for the
planning and administration activities of the Petaluma Housing Program serving low and
moderate income households and with this finding fulfills the requirement of Health and Safety
Code Section 33334.3 (d).
Adopted this Sfh day of November 2007 by the following vote:
Commissioner Aye No Absent Abstain
Barrett X
Freitas X
Harris X
Vice Chair Nau X
O'Brien X
Rabbitt X
Chair Torliatt X
PCDC Resolution 2007-17 Page 1
',
Pamela Torliatt, Chair
ATTEST: APPROVED AS TO FORM:
C~
Claire Cooper, Recording Secr ary Eric Danly, General Counsel
PCDC Resolution 2007-17 Page 2