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HomeMy WebLinkAboutReso 2020-129 - Authorize CM to execute & Submit app to teh Calif State Dept of Housing & Comm Dev for Funding under th CALHOME program RESOLUTION NO. 2020-129 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE AND SUBMIT AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM; AND, IF SELECTED, THE EXECUTION OF A STANDARD AGREEMENT, ANY AMENDMENTS THERETO, AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM WHEREAS, the City of Redding, a municipal corporation and general law city, 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") on May 3, 2019 for the CalHome Program established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and codified in Chapter 6 (commencing with Section 50650)of Part 2 of Division 31 of the Health and Safety Code (the "statute"). Pursuant to the statute, HCD is authorized to approve funding allocations 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 in April 2004; and WHEREAS, the City of Redding wishes to submit an application to obtain from HCD an allocation of CalHome funds in an amount not to exceed $1,800,000; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDDING DOES HEREBY RESOLVE THAT: I. The City of Redding shall submit to HCD an application to participate in the CalHome Program in response to the NOFA issued on August 31, 2020, for funding not to exceed $1,800,000, which will request a funding allocation for the following activities: a. Homeownership Project Development financing for land acquisition and pre-development activities and the costs associated with public infrastructure required for homeownership development consisting of up to 9 units. Projects will be located in the State of California, County of Shasta, City of Redding. 2. If the application for funding is approved, the City of Redding 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. The application in full is incorporated as part of the Standard Agreement. Any and all activities funded, information provided, and timelines represented in the application enforceable through the Standard Agreement. The City of Redding acknowledges and agrees that it may be required to execute any and all other instruments necessary or required by HCD for participation in the CalHome Program. 3. The City Council of the City of Redding authorizes the City Manager, or designee, to execute in the name of the City of Redding, the application, the Standard Agreement, and all other documents required by HCD for participation in the CalHome Program, and any amendments thereto. I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the City Council of the City of Redding on the 20th day of October, 2020, and duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBER: Dacquisto,Resner,Schreder,Winter,and McElvain NOES: COUNCIL MEMBER: None ABSENT: COUNCIL MEMBER: None ABSTAIN: COUNCIL MEMBER: None ADAM McELVAIN, Mayor ATTEST: APPROVED AS TO FORM: l PAMELA MIZE, City k BARRY E. DeW L , City A torney