HomeMy WebLinkAboutResolution 2008-130 N.C.S. 07/07/2008Resolution No. 2008-130 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA
STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR
FUNDING UNDER THE HOME INVESTMENT PARTNERSHIPS PROGRAM; AND IF
SELECTED, THE EXECUTION OF A STANDARD AGREEMENT, ANY
AMENDMENTS THERETO; AND OF ANY RELATED DOCUMENTS NECESSARY
TO PARTICIPATE IN THE HOME INVESTMENT PARTNERSHIPS PROGRAM
WHEREAS, the California Department of Housing and Community Development (the
"Department") is .authorized to allocate HOME Investment Partnerships Program ("HOME")
funds made available from the U.S. Department of Housing and Urban Development ("HUD").
HOME funds are to be used for the purpose set forth in Title II of the Cranston-Gonzalez
National Affordable Housing Act of 1990, in federal implementing regulations set forth in Title
24 of the Code of Federal Regulations, part 92, and Title 25 of the California Code of
Regulations commencing with Section 8200; and,
WHEREAS, on June 1, 2008 the Department issued a 2008 Notice of Funding
availability announcing the availability of funds under the HOME program (the "NOFA"); and,
WHEREAS, in response to the 2008 NOFA, the City of Petaluma, a municipal
corporation, wishes to apply to the Department for, and receive an allocation of, HOME funds.
NOW, THEREFORE, BE IT RESOLVED THAT:
I . In response to the 2008 NOFA, the City of Petaluma ("City") shall submit an
application to the Department to participate in the HOME program and for an
allocation of funds not to exceed $4.5 million for a Rental New Construction
project consisting of a total of 66 "work force" apartments, located in Petaluma,
CA.
2. If the application for funding is approved, the City hereby agrees to use the
HOME funds for eligible activities in the manner presented in its application as
approved by the Department and in accordance with regulations cited above. The
Resolution No. 2008-130 N.C.S. Page 1
City further agrees to execute a standard agreement and any and all other
documents necessary or required by the Department or HUD for participation in
the HOME program (collectively, "the Required Documents")
3. The City Manager, or designee is authorized to execute the Required Documents
on behalf of the City.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: 1 hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a Regular meeting on the 7`h day of July, 2008, form:
by the following vote: ' ,~
Assistant City 'ttorney
AYES: Barrett, Freitas, Harris, Nau, O'Brien, Vice Mayor Rabbitt, Mayor Torliatt
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
Ctty Clerk
Resolution No. 2008-130 N.C.S. Page 2