HomeMy WebLinkAboutPCDC Resolution 2004-18 11/01/2004RESOLUTIOtV 2004-1~
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 2004-2005
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 dpproximately 4.4% 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 P rogram
serving low and moderate income households and with this finding fulfills the
requirement of Health and Safety Code Section 33334.3 (d).
Adopted this l St day of November 2004 by the following vote:
PCDC Resolution No. 2004-18 Page 1
Commissioner Aye No Absent
Chair Glass X
Harris X
Healy X
Vice Chair Moynihan X
O'Brien X
Thompson X
Torliatt X _ - - --
~' ; .
-._ . `.
David Glass, Chair- -=
ATTEST: ~ ~ ~ -
Claire Cooper, Recording Secretary
APPROVED AS TO FORM:
PCDC Resolution No. 2004-18 Page 2