HomeMy WebLinkAboutPCDC Resolution 2003-01 01/27/2003 RESOLUTION 2003-01
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION APPROPRIATING LOW-MOD HOUSING FUNDS
TO PETALUMA ECUMENICAL PROPERTIES (PEP) FOR THE
REHABILITATION OF FOUR OLDER SENIOR RENTAL PROPERTIES
WHEREAS the City of Petaluma's State-certified Housing Element is required to
"consist of an identification and analysis of existing and projected housing needs and a statement
of goals, policies, quantified objectives and scheduled programs for the preservation,
improvement, and development of housing"; and,
WHEREAS Policy 6.4 of the 1999-2006 Housing Element specifically endorses the
"promotion of the construction and maintenance of housing for the elderly"; and,
WHEREAS Petaluma Ecumenical Properties (PEP) is a community-based nonprofit
developer of low-income senior rental housing with a successful track record of developing,
owning, and managing such properties; and,
WHEREAS PEP requires aone-time allocation of funds for much-needed rehabilitation
on 37 of the agency's oldest properties, located at:
231 Wilson Street
154 Wilson Street
700 Daniel Street
1275 Lindberg lane
WHEREAS the City's low-mod housing fund 11as available reserves for this purposes
and PEP has submitted a request for use of those funds.
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community
Development Commission makes the following allocations to PEP:
Renovation of Four Existing Senior Rental Projects $306,676
BE IT FURTHER RESOLVED that the rehabilitation allocation shall be in the form of
a grant with no repayment required.
Adopted this 27t~' day of January, 2003, by the following vote:
Commissioner Aye No Absent
Canevaro X
Chair Glass X
Harris X - - - -
Healy X - ~ - _ -
Moynihan X
Vice Chair O'Brien X
Torliatt X _
_ ~ - - - Davi~~U`lass, Chair
ATTEST:
J ' ~t/C-
Gayle Pe~t~ rsen, Recording Secretary
Approved as to form:
? Bch Rudn'ansky, rney
PCDC Resolution No. 2003-O1 Page 2