HomeMy WebLinkAbout2010-08-24 - RESOLUTIONS - 2010 HOME INVESTMENT FUNDS (2)RESOLUTION NO. 10-70
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, TO APPLY FOR AND ACCEPT
2010 HOME INVESTMENT PARTNERSHIP ACT FUNDS
HEREBY AUTHORIZES: . 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,
A. 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 purposes 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 in Title 25 of the California-Code;)of Regulations
commencing with Section 8200.
B. On June 1, 2010 the Department issued a 2010 Notice of Funding Availability
announcing the availability of funds under the HOME program (the "NOFA").
C. In response to the 2010 NOFA, the City of Santa Clarita, a municipality (the
"Applicant"), wishes to apply to the Department for, and receive an allocation of,
HOME funds.
NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve
as follows:
SECTION 1. In response to the 2010 NOFA, the Applicant shall submit an application
to the Department to participate in the HOME program and for an allocation of funds not to
exceed 800,000 Dollars ($800,000) for the following activities and/or programs: FirstHOME, a
first-time homebuyer program, providing low-interest, deferred payment second mortgage loans
to eligible low- and moderate -income households for properties located in the City of Santa
Clarita.
SECTION 2. If the application for funding is approved, then the Applicant hereby
agrees to use the HOME funds for eligible activities in the manner presented in its application as
approved by the Department in accordance with the statutes and regulations cited above. The
Applicant may also execute a standard agreement, any amendments thereto, and any and all other
documents or instruments necessary or required by the Department or HUD for participation in
the HOME program (collectively, the required documents).
SECTION 3. The applicant authorizes the City Manager or his/her designee(s) to
execute, in the name of the applicant, the required documents.
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of August, 2010.
MOM
ATTEST:
CITY CLF K;"
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sarah P. Gorman, 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 24th day of August, 2010, by the following vote:
AYES: COUNCILMEMBERS: Ender, Kellar, McLean, Ferry, Weste
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
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CITY CLERK
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sarah P. Gorman, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution No. 10-70, adopted by the City Council of the City of
Santa Clarita, California on August 24, 2010, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this _ day of 20_.
City Clerk
By
Deputy City Clerk
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