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HomeMy WebLinkAboutPCDC Resolution 2006-20 11/06/2006RESOLUTION NO. 2006-20 PETALUMA COMMUNITY DEVELOPMENT 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 2006-2007 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 2.69% 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 6'h day of November, 2006 by the following vote: PCDC Resolution 2006-20 Page 1 Commissioner Ayer No Absent Abstain Chair Glass X Harris X Healy X Vice Chair Nau X O'Brien X , _ _ Torliatt X - ~. -. ATTEST: Claire Cooper, Recording cretary i. __ ~ ~ , ©~a~%d Glass, Chair-- - _ APPROVED AS TO FORM: Eric W. Danly, G~ral Counsel PCDC Resolution 2006-20 Page 2