HomeMy WebLinkAboutResolution 91-342 11/18/1991R~SOIL,1t10C1 Nom. 91-342 N.C.~.
of the City of Petaluma, California
RESOLUTION REPEALING RESOLUTION 9167 AND
APPROVING AMENDED 1990-91 HOUSING PROGRAM
WHEREAS, General Plan policy requires participation by market rate residential
development projects, to assist with the provision of very low, low and moderate income
housing; and,
WHEREAS, one method of compliance with this policy is the payment of in-lieu housing
fees by individual developers, the funds to be used to help meet the need for very low, low
and moderate income housing; and,
WHEREAS, on May 21, 1990 the City Council met and discussed the allocation of said
funds for the 1990-91 fiscal year;
NOW, THEREFORE, BE IT RESOLVED that the following programs (as amended on
November 18, 1991) be undertaken in fiscal 1990-1991:
1990-1991 IN-LIEU PROJECT ALLOCATIONS
CITY
1990-91 Staff and Overhead $ 50,000
BHDC
Project X at Corona/Ely $ 150,000
Fee Repayment
COTS
National Guard Armory $ 20,862*
Administer Program
PEP
Caulfield Elder Apts. $ Z00,000*
Pre-Development Costs
EDEN
Ellis Street Family Apartments $ 214
100**
Pre-development Costs ,
NEH
(1 Single Parent Transitional Housing
~ $ 0
(2
Second Mortgage Program $ 0
$ 634,962
yes. ~~.....g.].53.4.2........ N.cs.
* Funds will be set aside for use if no other grants are forthcoming.
* * Make commitment contingent upon substantial progress toward development in one
year. Eden and PEP will report to Council in one year to establish if sufficient
progress has been made to retain allocation.
resolieu /council-3
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 Approved as to
Council of the City of Petaluma at a (Regular) (lk~~C~(~~l) meeting fO~
on the ....~.S.th_.......... day of ................NQ~e.mber...................., 19.9.1_., by the
following vote:
City Attorney
AYES: Davis, Nelson, Vice Mayor Woolsey, Mayor Hilligoss
NOES: N<
ABSENT:
ATTEST
CA 10-85
Council Fila ...................... .. .
Res. No......7.1.-. .2........ N.C.S
...... .::U ,~.~..... _. _..
Mayor `