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Home My WebLink AboutAgenda Bill 3.A 11/01/2004�O h. CITY OF'.PETALUMA, CALIFORNIA e E be 1 , PETALUMA COM DEVELOPMENT "COMMISSION Agenda Title Resolution Determining The Necessity Of Meeting Date: November 1, 2004 Expending Funds For The.Plannng And Administration Of Projects And Programs Which 'Facilitate The Production, Improvement, Or Meeting Time ® 3:00 PM Preservation Of Low And ;Moderate Income Housing For 2004- ❑ 7.00 PM 2005. Category (check one) Z Consent Calendar ❑ Public Hearing ❑ New Business Unfinished Business ❑ Presentation Department Director Contact Person ; Phone Number Community Mike Moo Bonne Gae,b 778 - 4484 (direct line) Development/Housing - Cost of Proposal 0 U Account Number 2130= P202000 Amount Budgeted 0 Name of Fund- Housing/Program Administration Attachments,fo Agenda Packetltem Exhibit 1. Exhibit from 20:04 =2005 Budget Document Exhibit 2. Draft Resolution. Summary Statement , Per California Health 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. Recommended PCDC Action /Suggested Motion Adopt Resolution Determining, The Necessity Of Expending Funds For,The'P.lanning.,And' Administration Of Projects And Programs Which Facilitate The Production, Improvement, Or Preservation Of Low And Moderate Income. Housing For 2004 -2005. Reviewed by Finance. Director: Reviewed by City Attorney Date: A'pOmVe City Manner: Date: Date: 1.4 ZoA T• av's Date Revision # and. Date Revised; File Code: # October 12, 2004 Pcdch &scode /h/d CITY OF PETALUM A, CALIFORNIA PETALUMA,.COMMUNITY DEVELOPMENT COMMISSION NovEm9ER ,'1604 AGENDA, REPORT 'FOR Resollution Determining The Necessity Of Expending Funds I 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. E XECUTIVE SUMMARY Per California Health 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 administrative budget will be utilized for planning, and administration, a Tormal resolution is advised, to fulfill this 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 Legislature that the low and Moderate Income Housing Fund be used to the maximum extent possible to defray the costs of production, improvement, and preservation of low and moderate income housing and that the amount of money spent for planning and administrative activities associated with the development, improvement, and preservation of hat housingnot be disproportionate to the amount actually spent for the, costs of production, improvement, or preservation of that housing. The agency shall determine,annually'that the planning and administrative expenses are necessary for those V purposes. 3. ALTERNATIVES The Health and Safety Code requirement will not..be fulfilled without Commission action' Axesolution is the most expeditious method of ineeting requirement; however the Health and Safety Code does not specificallyrequire it. is the Commission allocation-of action; per se. The financial impact, as shown on the cover sheet, impacts of this 4. FINANCIAL IMPACTS There are no fi , of funds for planning and administration. 5. CONCLUSION Attachment: i shows a -total budget allocation for Administration of $364,900. Of that amount, $70,009 is, allocated for intergovernmental charge; $43 is allocated for County Collection f ee; and $251 for;llousing proj than a finding ects management. The Health and safety Code requires g 9:00 is allo be:made that this ; amount is not only necessary for the success'of the program but is not . "disproportionate �of the amount annually spent for the costs of production, improvement, and preservation of housing." The total budget (total available revenues plus the fund balance which includes notes receivable) for the Low -Mod Housing Fund is $8,252,441. The total amount allocated for administration is 4.4% of total budget, far below the industry average for Housing Fund administration costs. 6. OUTCOMES OR PERFORMANCE MEASUREMENTS THAT WIL IDENTIF SUCCESS OR COMPLETION: Success will be determined by the production, 'improvement, and preservation of affordable housing', operating within the administrative %planning budget allocations. 7. , g CO d I ON: Adopt RESOLUTION Determining The Necessity Of Expending Funds For The Planning Of Projects And Programs Which Facilitate The Production, Improvement, Or Preservation Of Low And Moderate Income Housing For 2004= 20,05. o e EXHIBIT 1. 91 : - -�- �� /P,rog�ra � MM' 92 ,�nistratton P202000 Intragovemmental Charge 34,000 63,350 r" 93 P202000 SB`A5 7' =County Collection Fee 0 38,716 65;500 c70 000? 41 015 V,`-133' 000 94 95 P202000 General'sPlanAdmi'nistratlon P202000 6;750 54,700 x 54'650 - k y 25900 Housing Projects Management 147;576 - - 156,961, - 241;900 i 96 SutitotaLAdministration 188 326 313,727 403 g - 364 9001' 97 s u . i I • p I I I I, 1 • EXHIBIT Z PETALUMA COMMUNITY DEVELOPMENT COMMISSION RESOLUTION NO. 'DETERMINING THE NECESSITY'OF EXPENDING FUNDS I'OR,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 Commu Development Commission (PCDC) has established and implemented a Low and Moderate income Housing Fund; and WHEREAS the Housing Fund. is utilized for production, improvement, and preservation of low and Moderate income housing; and WHEREAS the Commission.,has made findings that it is necessary to utili2e 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 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." O XOW, THEREFORE BE IT RESOLVED THAT the Petaluma. Community Development y op nt Commission makes nding of t h e f i ties of h determination of necessity for the expenditure of funds. for the planning and administration Petaluma Housing Program serving low and moderate income households and with this finding fulfills the requirement of Health and Safety Code Section 3.3334.3 (d). Adopted this 1 St day of November 2,004 by the following vote: Commissioner Aye No Absent