HomeMy WebLinkAbout2009-07-14 - RESOLUTIONS - NEIGHBORHOOD STABILAZATION PGM (2)RESOLUTION NO. RDA 09-12
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING THE LEVERAGE OF UP
TO $1.5 MILLION IN HOUSING BOND PROCEEDS TO SUPPORT
THE CITY'S APPLICATION FOR NSP -2 FUNDS
WHEREAS, on February 17, 2009, President Barack Obama signed into law the
American Recovery and Reinvestment Act ("ARRA") of 2009, included $1.93 billion in funding
for the Neighborhood Stabilization Program -2 ("NSP -2");
WHEREAS, the US Department of Housing and Urban Development ("HUD") has
announced the availability of $1.93 billion in funding available through NSP -2;
WHEREAS, the City of Santa Clarita ("City") qualifies to apply for $5 million from this
program.
NOW, THEREFORE, the Redevelopment Agency of the City of Santa Clarita does
hereby resolve as follows:
SECTION 1. The Redevelopment Agency approves the execution of a Consortium
Agreement with the City of Santa Clarita as part of the NSP -2 application for the Agency to
implement the NSP -2 program.
SECTION 2. The Redevelopment Agency will be responsible for complying with a
scope of service, performance measures, staffing, performance monitoring and meeting all
requirements of HUD's NSP -2 program.
SECTION 3. The Redevelopment Agency hereby commits Redevelopment Agency
housing bond proceeds up to $1.5 million to be used as leverage with the City's application.
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 14th day of July, 2009.
ATTEST:
I .,/" A (,:� � � �
SECRETARY
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, MMC, Secretary of the City of Santa Clarita Redevelopment
Agency, do hereby certify that the foregoing Resolution was duly adopted by the Redevelopment
Agency of the City of Santa Clarita at a regular meeting thereof, held on the 14th day of
July, 2009, by the following vote:
AYES: • AGENCY MEMBERS: Weste, McLean, Ender, Kellar, Ferry
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
SECRETARY
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
REDEVELOPMENT AGENCY RESOLUTION
I, Sharon L. Dawson, Secretary of the City of Santa Clarita Redevelopment Agency, do hereby
certify that this is a true and correct copy of the original Resolution No. RDA 09-12, adopted by
the Redevelopment Agency of the City of Santa Clarita, California on July 14, 2009, which is
now on file in my office.
Witness my hand and seal of the Redevelopment Agency of the City of Santa Clarita, California,
this _ day of , 20_.
Sharon L. Dawson, MMC
Secretary
By
Susan Caputo, CMC
Deputy Secretary