HomeMy WebLinkAboutStaff Report 3.F 12/05/200514
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CITY OF P.ETALUMA, CALIFORNIA December 5, 2005
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
Agenda Title: Resolution Determining The Necessity Of
Expending Funds For The.Plarming And Administration'. Of Projects
And Programs Which Facilitate The Production,, Improvement, Or
Preservation Of Low Arid Moderate Income Housing For 2005-
2006.
Category (check one):
F] Unfinished Business
Department:
Community
Development/Housing
Cost of Proposal: 0
Amount Budgeted: 0
M Consent Calendar
F-1 Presentation
Director:.
Mike Moa e
Meeting Date, December 5, 2005
Meeting Time: M 3:00 PM
El 7:00 PM
FJPublic .Hearing,
Contact `Person:
Bonn.e Ga ler
1
OAttachments to Aeenda Packet Item:
Exhibit 1. Exhibit from 2064-2 - OOS Budget. Document
Exhibit 2. Draft Resolution
n New Business
Phone Number:
778-4484 (direct line)
a,
Account Number.:
2130-P202000
Name of Fund:
Housing/Program Administration
Summary Statement- Per California Health and Safety Code Section 33,334.3 (d), PCDC is required to
prepare an annual written determination stating that planning end administration expenses are necessary for
the production, improvement, or preservation of low and moderate income housing.
Recommended PCDC Action/Suggested. Motion:: Adopt Resolution -Determining The Necessity Of
Expending Funds For The Planning And Adniinistration Of Projects And! Programs, Which Facilitate The
Production, Improvement, Or Preservation'Of Low And Moderate Income Housing For 2005-2006.
Reviewed by Finance Director:
Date': �,,;,�, 4�
r'Today's Date:
November 1, 2005
'Reviewed by City Attorney
Date:
ApproveCity Manager:
Date:
Revision # and Date Revised: File Code:
4 1 Pcdch&scode/hJd
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I CITY OF PETALUMA, CALIFORNIA
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
DECEMBER 5,-2005
AGENDA REPORT
FOR
Resolution Determining TheNecessitV Of Expending Funds For The Planning And Administration Of
Projects And Programs Which FacilitateThe Productiou,Jmprovement, Or Preservation Oflow And
Moderate Income Housing For 2005-2006.
1. EXECUTIVE SUMMARY: Per Califomia,Heal"th and Safety Code Section 33334.3 (d), PCDC is required
to prepare an annual written determination stating that planning and administration expenses are
necessary for the production, improvement, or preservation of low and moderate income housing.
Although the PCDC budget designates that a portion of the a dministrati:ve budget will be utilized for
planning and administration, A formal resolution is advised to ffilfill this
s Health and Safety Code
requirement.
2. BACKGROUND: The California Health and Safety Code states in Section 33334.4 regarding the
Establishment and Use of Low and Moderate Income Housing Fund; Covenants and Restrictions: It is
the intent of the Legislaturethat the low and Moderate Income Housing Fund be used to the maximum
extent possible to defray the cosfg, of production, improvement, and preservation of low and moderate
income housing and that.the amount of money spent forplanning and -administrative activities associated
with the development, improvement, and preservation of thatbousing. not be disproportionate to the
amount actually spent for the costs of production, improvement, of preservation of that housing. The
agency shall determine annually that the planning and administrative expenses are necessary for those
purposes.
ALTERNATIVES: The Health
th and- Safety Code requirement -mill not be fulfilled without Commission
action. A resolution is the most expeditious method'of meeting -the requirement; however the Health
and Safety Code does not specifically require it.
4. FINANCIAL IMPACTS: There, are no financial impacts of this action, per se. The financial impact, as
shown on the cover sheet, is the Commission allocation of funds for planning and administration.
5. CONCLUSION: The Low -Mod Housing,Budget (Exhibit 1) shows an ending balance of $11,071,645
(total available revenues plus the:fund balance which includes notes receivable). Expenditures for
administration include: General
erall and Administration $47,900; Salaries $118,000; Benefits $40,300;
Services and Supplies $74,600; and IntergoVemmentaiChargps $84,300 for a total of- $365,200,
(Program expenditures and capital improvement"proje.cts are hot.considered planning or admin charges).
The Health and Safety Code requires that a finding be made,that this amount is not only necessary for
the success ,of the program but isnot "disproportionate of the amount annually spent for the costs of
production, 'iniprovement,'and preservation of housing." The total amount allocated for administration
is 3.3% o
' fthe total budget far bblow the industry average for Housing Fund administration costs.
6. OUTCOMES'DR PtRFORM-ANCE.MEASUREMENTS THATWILL IDENTIFY SUCCESS OR COMPLETION:,
Success will be determ ined by the production, improvement, and.,preserva:tion of affordable housing,
operating within theadminisirative/planning budget al . locations.
01 RECOMMENDATION: Adopt the recommended resolution (Exhibit 2).
Low/Moderate Income Housing Fund
fund 2130
City of Petaluma, California
Beginning Balance
Revenues:
Taxes
Investment Earnings
Intergovernmental
Charges for Services
Other
Total Revenues;
Total Resources Available
Expenditures:
General and Administrative
Salaries
Benefits
Services and Supplies
Program Expenditures
Capital Improvement Projects
Intragovernmental. Charges,
Total Expenditures
Transfers Out
Prior -Period Adjustment
Ending Balance
EXHIBIT 1.
FY 05-06 Budget
LOW/MODERATE INCOME HOUSING
FUND SUMMARY
FY 2003 FY 2004 FY 2005 FY 2006
Actual Actual Budget Budget
$ 6,774,725 $ 7,355,241 $ 11;917,395 $ 10,875,595
.2,118,293
2,276;239
2,473,000
2,610,300
73,472
48,470
41,000
41,,000
29;963
601:803
-
-
17,685
18;,165
12M0
12,350
59
12.200
10'A00
10.000
2,239472
2;415,877
2,536,000
2,673,650
9.014.1,97
9.771.118
14,453.395
13.549.245
43,683
48;900
46,400
47,900
75,733
30;632
118,600
118,100
8,340
10,'260
31` 650
40,300
21832
238,700
98;250
74,600
1,,345,268
140,693
3,062,900
1,912,400
-
-
-
200,000
162:100
65.650
70.000
84.300
1,658,956
'534,835
3,427,800
2,477,600
-
150,000
-
S 7.355.24111:912:395
2.681.112
$
-
10.875;595 S.
11.071.645
Reserved for Notes Receivable $ 10029.629 5 10"029.152 I 1b 029 629
:Salvation Army PATH
p202070
275,000
COTS'Transitional House Re.hat p202107
334,000
COTS Support House
p202106
7,500
Assessment&
p201010
29;400
PEP Casa Grande
p202300
565,000
PEP Preservation
p202312-
26,000
PEP Sr Housing Rehab
p202303
71,500,
Mobilehome Rent Stabilization
p202010
2,000
Mortgage Certificate Program:
p202011
2,000
Facility Maintenance
p202002
100,000
Edenl-T-Workforce Housing
p202201
500,000
1,;912;400
Facility Maintenance
p202002
200,000
•
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EXHIBIT 2
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION NO.
DETERMINING
RMINING THENECESSITV OF EXPENDING FUNDS FOR THE PLANNING AND
ADMINISTRATION OF PROJECTS AND PROGRAM'S WHICH FACILITATE THE PRODUCTION,,
IMPROVEMENT, OR PRESERVATION OF LOW AND MODERATE INCOME HOUSING FOR
20,05-2006.
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 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 3-.3% 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."'
OW THEREFORE BE IT RESOLVED THAT the Petaluma Community Development Commission makes
the finding of determination of necessity for the -expenditure: of funds for theplanning 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 5th day of December --2005 by the following vote:
y
Commissioner Aye No - Absent
40
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