HomeMy WebLinkAboutReso 95-197 - Authorizing CM to file application for Federal FY 1995 Funding under Home Investment Prtnrshp Program with the Calif State Dept of Housing & Community Dev .: � �
RESOLUTION NO. ��-�� '(/
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE CITY MANAGER TO FILE AN APPLICATION FOR
FEDERAL FISCAL YEAR 1995 FUNDING UNDER THE HOME INVESTMENT
PARTNERSHIP PROGRAM IN THE AMOUNT OF $1,000,000 WITH THE
CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT
WHEREAS, the City of Redding, a political subdivision of the State of California, wishes
to apply for and receive an allocation of funds through the Home Investment Partnerships Program
(hereinafter referred to as "HOME"); and
WHEREAS, the California Department of Housing and Community Development
(hereinafter referred to as the "Department") has issued a Notice of Funding Availability for the
HOME program and is authorized to approve funding allocations which will be made available
directly through the U.S. Department of Housing and Urban Development (HUD) to be used for
the purposes set forth in Title II of the Cranston-Gonzalez National Affordable Housing Act of
1990, the 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, the City Council has determined that it would be in the best interest of the
residents of the City of Redding to participate in this program; and
WHEREAS, the City Council has determined that the City should submit an application to
obtain an allocation of HOME funds from the Department;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Redding
hereby authorizes the City Manager to file an application in the amount of $1,000,000, the
Standard Agreement, and all other documents required by the Department or HUD for participation �
in the HOME program, and any amendments thereto; and �
, l
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The City of Redding shall submit to the Department an application to participate in the �
HOME program which will request a funding allocation for homeowner rehabilitation, rental �
acquisition and rehabilitation and first-time homebuyer assistance activities located within the City
boundaries; and
y � •
If the application for funding ns approved, the City of Redding hereby agrees to use the
HOME funds for eligible activities in the manner presented in the application as approved by the
Department and in accordance with regulations cited above. The City Manager for the City of
Redding may also execute any and all other instruments necessary or required by the Department
or HUD for participation in HOME.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the City Council of the City of Redding on the 15th day of August 1995, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: P• Anderson, R. Anderson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
AVID A. H E, Mayo
- " City of ding
ATTEST: �_
C'�?�??�TIr STR(l MAYER, C' rk
FORM APPROVED:
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W. LEONARD WINGATE•, City Attorney