HomeMy WebLinkAboutResolution 2019-090 N.C.S. 06/17/2019Resolution No. 2019-090 N.C.S.
of the City of Petaluma, California
RESOLUTION 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 the community; and
WHEREAS, the City Council of the City of Petaluma adopted the 2015-2023 Housing
Element 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.
2018-081 N.C.S., and
WHEREAS, the City budget was adopted on June 3, 2019 which included the
appropriations for affordable housing programs and projects as specified in Ordinance No. 2686
N.C.S,and
WHEREAS, requests for Proposals are distributed annually and a public notice is
published in the Argus Courier, 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, are adopted as the 2019-
2020 Housing Program, and the City Manager is authorized and directed 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
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the
Council of the City of Petaluma at a Regular meeting on the 171h day of June
2019, by the following vote:
AYES: Mayor Barrett; Fischer; Healy; Kearney; Vice Mayor McDonnell; Miller
NOES:
None
ABSENT:
King
ABSTAIN:
None
ATTEST:
p
dw,gy`�
Acting City Clerk
Mayor
t
as to
Attorney
Resolution No. 2019-090 N.C.S. Page 1
2019-2020
HOUSING PROGRAM BUDGET
In Lieu Housing Fund:
Estimated Beginning Balance Funds available 7/1/19 $3,795,182
Estimated 19-20 Revenue
Residual Receipts from Notes Receivable $ 542.275
In Lieu Fees 0
$4,337,457
State Controller's "Clawback" to Successor Agency ($1,700,000)
Funds Available for 19-20 Allocation $ 2,637,457
Annronriations:
PPSC Rental Assistance & Fair Housing $ 91,953
Committee on the Shelterless 20,000
PEP Housing — Construction costs for River City Apts 600,000
Burbank Housing — Rehabilitation costs for Old Elm Village 520,000
Veterans Resource Center — Rental Assistance — 3 Rocca Drive 20,000
Administrative Costs 90,000
Intragovernmental Transfers 27,221
Total Appropriations $ 1,369,174
Balance of Funds 6/30/20 $ 1,268,283
Commercial Linkage Fund:
Estimated Beginning Balance of Funds available 7/1/19 $ 1,342,754
Estimated 19-20 Revenue $ 276,980
Funds Available for 19-20 Allocation $ 1,619,734
Annronriations:
Housing Land Trust of Sonoma County — First Time Homebuyer Admin 50,000
Burbank Housing — Rehabilitation of Old Elm Village 600,000
Administrative Costs 48,000
Intragovernmental Transfers 7,774
Total Appropriations $ 705,774
Balance of Funds 6/30/20 $ 913,960
HOME Funds
Estimated Beginning Balance of Funds 7/1/19 $ 757,623
Estimated 19-20 Revenue $ 163,982
Funds Available for 19-20 Allocation $ 921,605
Appropriations.
PEP Housing — Construction costs for River City Apts $ 906,000
Balance of Funds 6/30/20 $ 15,605
Housing Successor Fund:
Exhibit A
Resolution No. 2019-090 N.C.S. Page 2
Estimated Beginning Balance of Funds 7/1/19 $ 31,699
Estimated 19-20 Revenue $ 239,499
Funds Available for 19-20 Allocation $ 271,198
Annronriations:
Intragovernmental Transfers 111,618
Administrative Costs 102,425
PEP Housing — pre-dev costs for River City Apts 24,000
Total Appropriations $ 238,043
Balance of Funds 6/30/20 $ 33,155
Mobile Home Rent Stabilization Fund:
Estimated Beginning Balance of Funds 7/1/19
Estimated 19-20 Revenue
Funds Available for 19-20 Allocation
Appropriations:
Program Costs
Administrative Costs
Total Appropriations
Balance of Funds 6/30/20
$ 84,730
$ 24,695
$ 109,425
3,000
16,000
$ 19,000
$ 90,425
Resolution No. 2019-090 N.C.S. Page 3