HomeMy WebLinkAboutResolution 2015-083 N.C.S. 06/15/2015Resolution No. 2015 -083 N.C.S.
of the City of Petaluma, California
APPROVING THE FUNDING APPROPRIATION FOR THE CITY
OF PETALUMA'S AFFORDABLE HOUSING PROGRAM
AND AUTHORIZING THE CITY MANAGER TO EXECUTE
ANY DOCUMENTS NECESSARY TO IMPLEMENT
THE PROJECTS AND PROGRAMS
WHEREAS, the City Council of the City of Petaluma has developed housing goals to
address the broad range of needs within our community; and
WHEREAS, the City Council of the City of Petaluma adopted the 2015 -2023 Housing
Eh,ment on December 1, 2014 with Resolution No. 2014 -190 N.C.S., and
WHEREAS, the City Council of the City of Petaluma adopted the 2015 -2020
Consolidated Plan for the Community Development Block Grant program with Resolution No.
2015 -041 N.C.S., and
WHEREAS, the City budget was adopted on June 1, 2015 which included the
appropriations for affordable housing programs and projects as specified in Ordinance No. xx,
attached hereto as Exhibit A; and
WHEREAS, Requests for Proposals are distributed annually requesting submissions of
programs and projects to implement affordable housing projects and programs which address
City Council goals.
NOW, THEREFORE, BE IT RESOLVED by the City of Petaluma City Council that
those projects and programs, as listed in Exhibit A to this Resolution, be adopted as the 2015-
2016 Housing Program and directs and authorizes the City Manager to execute subrecipient
agreements and related documents to implement those projects and programs.
Under the power and authority conferred upon this Council by the Charter of said City.
Resolution No. 2015 -083 N.C.S.
Page 1
Exhibit A
2015 -2016
HOUSING PROGRAM BUDGET
In Lieu Housing Fund:
Beginning Balance Funds available 7/1/15
$1,179,860
Estimated 15 -16 Revenue
748,000
Funds Available for 15 -16 Allocation
$1,927,860
Appropriations:
Funds Available for 15 -16 Allocation
PPSC Rental Assistance & Fair Housing
$ 113,175
Administrative Costs
50,000
Intragovernmental Transfers
29,336
Total Appropriations
$ 192,511
State Controller's "Clawback" to Successor Agency
($1,700,000
Balance of Funds 6/30/16
$ 37,349
Commercial Linkage Fund:
78,183
Beginning Balance of Funds available 7/1/15
$ 903,064
Estimated 15 -16 Revenue
$ 355,236
Funds Available for 15 -16 Allocation
$ 1,258,300
_Appropriations:
$
Boys & Girls Club - Kids Club at Affordable properties
$ 300,000
Housing Land Trust of Sonoma County — First Time Homebuyer Admin
25,000
Administrative Costs
50,000
Intragovernmental Transfers
15,000
Total Appropriations
$ 390,000
Balance of Funds 6/30/16
$ 868,300
Housing Successor Fund:
Beginning Balance of Funds available 7/1/15
$
374,036
Estimated 15 -16 Revenue
$
292,140
Funds Available for 15 -16 Allocation
$
666,176
Appropriations:
COTS — Supportive Services
$
100,000
PEP Housing — Rehab Program
35,500
Intragovernmental Transfers
78,183
Salary & Benefits
79,659
Supplies & Services
23,625
Total Appropriations
$
316,967
B- 1;ance of Funds 6/30/16
$
349,209
Resolution No. 2015 -083 N.C.S. Page 2