HomeMy WebLinkAboutResolution 91-099 04/15/1991r ~ - F~
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Resolution No. 91-99 N.C.S.
of the City of Petaluma, California
RESOLUTION APPROVING 1991-92 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, the Redevelopment District is required to set-aside 20% of the tax increment
for low and moderate income housing; and
WHEREAS, on April 15, 1991, the City Council met and discussed the allocation of said
funds for the 1991-92 fiscal year;
NOW, THEREFORE, BE IT RESOLVED that the following programs be undertaken in
fiscal 1991-1992:
1991.-1992 HOUSING PROGRAM
1990-91 Additional Expenses:
Temporary Shelter (Armory)
Human Services Center:
Rehab
Water Line and Hydrant
1991-92 New Proposals:
CITY
1991-92 Staff Overhead
Site Acquisition for Manufactured Housing
BHDC
Site Acquisition
COTS
National Guard Armory
PEP
PPSC
Caulfield Elder Apartments
Site Acquisition
Rental Assistance Programs/
Administration
$ 1,000
50,000
4,000
50,000
250,000
500,000
a~
w"°
~~A,
30,000
100,000 **
285,000
20,000
$1,290,000
Res. N~........_ 9.1.-9.9.......;.es.
* Armory program and budget will be more specifically defined no later than August
of 1991.
* * Funds will only be used if Rental Housing Construction Funding does not come
through. If $100,000 is not needed, the money will go back into Housing Fund
reserves.
housprog / bg4
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 th~~--~. fv o
Council of the City of Petaluma at a (Regular) (~~4M~DC~)~~(~g[@Ci~4Y~meeting
on the .....1.5th--......... day of ...-........A{]ri1 ..................................... 19_...9. by the ~ -
following vote: •---J...... -•--•- •-- -•---------------
C ty „ tto y
i
AYES: Read, Davis, Woolsey, Sobel, .Nelson, Mayor Hilligoss
NOES: N
ABSENT:
ATTEST
one
V ce yor C -
City Clerl:
(TY"
Mayor
Council File.-•-•--.---••--•-..-°----•---.:..
CA 10-85 ~ Res. No........~1-9~........ N.C.S.