HomeMy WebLinkAboutReso 92-482 - Authorize the CM to file an application for funding under the Home Investment Partnership Program with the Calif State Dept of Housing & Comm Dev I
{ RESOLUTION NO. 92
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE CITY MANAGER TO FILE AN APPLICATION FOR
FUNDING UNDER THE HOME INVESTMENT PARTNERSHIP PROGRAM IN THE
AMOUNT OF $1,000,000 WITH THE CALIFORNIA STATE DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT
BE IT RESOLVED by the City Council of the City of Redding as follows:
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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
j 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
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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
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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 Nom%
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The City of Redding shall submit to the Department an application to participate in the
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HOME program which will request a funding allocation for new construction, homeowner
rehabilitation, and first-time homebuyer assistance activities located within the city boundaries; and
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iIf the application for funding is 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
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Redding may also execute any and all other instruments necessary or required by the Department
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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 December 1992, and was
duly adopted at said meeting by the following vote:
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AYES: COUNCIL MEMBERS: Anderson, Arness, Dahl, Kehoe & Moss
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: one
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CHARLIE MOSS, Mayor
ATTEST: City of Redding
CONNIE STROHMAYER, Clerk
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FORM APPROVED:
RANDAIJf A. HAYS, City Attorney