HomeMy WebLinkAboutPCDC Resolution 2002-02 02/04/2002 PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION N0.2002-02
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 FY 2001-2002.
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 7% 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 4`" day of February, 2002 by the following vote:
Commissioner Aye No Absent
Cader-Thompson X
Healy X
Maguire X
O'Brien X
Torliatt X
Chair Thompson X
E. Jlark pson, Chair
Attest:
\ -
Ri ~ hard Ru nansky, Attorney
Paulette Lyon, Interim Re rding Secretary