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HomeMy WebLinkAboutResolution 92-070 03/16/1992~es®]L.etl®n Nom. 92-70 N.~.S. 1 cif the' City ~~f 1'~~t~~lum~~, Ci.~liforni~~ 2 3 4 5 6 APPROVING EXTENSION OF ZELL AND COLABIANCHI 7 1992 SECONDARY ALLOCATIONS 8 9 WHEREAS, the 1992 pool of secondary allocations was created in mid-1991 for special 10 projects; and 11 12 WHEREAS, this pool was distributed to the Zell, Colabianchi, and Southpoint projects for 13 moderately-priced units; and 14 15 WHEREAS, only the Southpoint project has met the first deadline by submitting a 16 complete application; and 17 18 WHEREAS, more affordable projects often have complications related to negotiations for 19 land acquisition, financing, and marketing strategies for which extensions of time may be 20 necessary; and 21 22 WHEREAS, the City Council encourages such projects of special merit because they help 23 create a variety of housing types for all segments of our community; 24 25 NOW, THEREFORE, BE IT RESOLVED that the City Council hereby extends the 1992 26 secondary allocations deadline for filing a complete application until March 31, 1993, and 27 the deadline for project approval to December 31, 1993. 28 29 30 31 32 33 extndall / col~~~~ ~e 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-~'- lApp~o d-as~o Council of the City of Petaluma at a (Regular) (~~lq~g~~¢C~ meeting ~ fO on the .....16117.-•----.... day of ..............~r2S.C~..............................., is.9.2.., by the •~ -` - followin vote: '~~' ~:- City Attorney AYES: Read, Cavanagh, Sobel, Nelson, Mayor Hilligoss NOES: None ABSENT: Davis, Vi Woolsey ATTES'T' : .... ............ ........... ............................................................ City Clerk Gbuncil F(ille-..-..-. .................•---........ CA 10-85 Res. No. ...7.2.-'.1..0 ............. N.C.S. .~ • _ U ~'~ Mayor ................... .•-- • --.........