HomeMy WebLinkAboutResolution 90-167 05/21/1990Resolution No. 90-167 NC.S.
of the City of Petaluma, California
RESOLUTION APPROVING 1990-91 IIOUSING PROGRAM
`VHEREAS, 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,
WIIEREAS, 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 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
P%P
Caulfield Elder Apts. $ 200,000**
On/Off Site Improvements
EDEN
Ellis Street Family Apartments $ 214,100**
Pre-development Costs
NEH
(1) tingle Parent Transitional Housing $ 0
(2) Second Mortgage Program $ 0
$ 634,962
Reso. 90-167 N.C.S.
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* 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 retaln 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) (~oi~d) meeting
on the .....21st--•---..... day of ................... MaY.........---................._..., 19.9 ~., by the j
following vote: ..... f'.. __ ...
ity/At orney
AYES: Tencer, Woolsey, Cavanagh, Balshaw, Davis, Vice Mayor Sobel, Mayor Hilligoss
NOES: 0
ABSENT: 0
ATTES'T' : ................. .. __ ....._. _........--- -4-~~.~~•----••~---__ .
City Clerk Mayor
Council File.........- .......................
CA 10-85 ~ Kes. No...9.Q.-~.(~.].......... N.C.S.