HomeMy WebLinkAbout2003-08-26 - RESOLUTIONS - CALHOME FUNDING APPLICATION (2)RESOLUTION NO. 03-117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, AUTHORIZING THE SUBMITTAL OF
AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE
CALHOME PROGRAM; THE EXECUTION OF A STANDARD AGREEMENT IF
SELECTED FOR SUCH FUNDING, ANY AMENDMENTS THERETO; AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN
THE CALHOME PROGRAM
WHEREAS, the City of Santa Clarita, a political subdivison of the State of California,
wishes to apply for and receive an allocation of funds through the CalHome Program; and
WHEREAS, the California Department of Housing and Community Development
(hereinafter referred to as "HCD") has issued a Notice of Funding Availability ("NOFA") for
the CalHome program established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and
codified in Chapter 6 (commencing with Section 59650) of Part 2 of Division 31 of the Health
and Safety Code (the "statute"). Pursuant to the statute, HCD is authorized to approve funding
allocation utilizing monies made available by the State Legislature to the CalHome program,
subject to the terms and conditions of the statute and the CalHome Program Regulations
adopted by HCD on June 30, 2003; and
WHEREAS, the City of Santa Clarita wishes to submit an application to obtain from
HCD an allocation in the amount of $500,000.
NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby
resolve as follows:
SECTION 1. The City of Santa Clarita shall submit to HCD an application to
participate in the CalHome Program in response to the NOFA issued on July 15, 2003, which
will request a funding allocation to provide first-time home buyer loans within the City limits
of the City of Santa Clarita.
SECTION 2. If the application for funding is approved, the City of Santa Clarita
hereby agrees to use the CalHome funds for eligible activities in the manner presented in the
application, as approved by HCD, and in accordance with program regulations cited above. It
also may execute any and all other instruments necessary or required by HCD for participation
in the CalHome program.
SECTION 3. The City of Santa Clarita authorized the City Manager to execute in the
name of the City of Santa Clarita, the application, the Standard Agreement, and all other
documents required by HCD for participation in the CalHome Program, and any amendments
thereto.
SECTION 5. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this 26th day of August, 2003.
ATTEST:
-V �
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clarita, do hereby certify
that the foregoing Resolution was duly adopted by the City Council of the City of Santa
Clarita at a regular meeting thereof, held on the 26th day of August, 2003, by the following
vote:
AYES: COUNCILMEMBERS: McLean, Kellar, Weste, Ferry, Smyth
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
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