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HomeMy WebLinkAboutReso 2022-003 - Authorizing the Joint Application To and Participation in the Homekey Program RESCJLUTION NO.2022-003 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AUTHORIZING THE JOINT APPLICATIC)N TO AND PARTICIPATION IN THE HOMEI�EY PR�GRAM AND ADC?PTING AND AUTHORIZING THE CITY MANAGER OR DESIGNEE TO APPLY, ACCEPT, AMEND, AS NEEDED AND IMPLEMENT THE HOMEKEY PROGRAlYI FOR THE GRANT TERM A necessary quorum and majority of the Council Members of City of Redding ("Applicant") hereby consents to, adopts and rati�es the following resolution: WHEREAS,The Department of Hflusing and Cammunity Development("Department")has issued a Notice of Funding Availability, dated September 9, 2021 {"I�IOFA"), for the Homekey Program ("Homekey" or "Pragram"}. The Department has issued the N4FA for Homekey grant funds pursuant to Health and Safety Code section 5Q675.1.3 (Assem. Bill No. 140{2021-2Q22 Reg, Sess.), § 2Q.}; and WHEREAS, the City of Redding {"Co-Applicant"} desires to jointly apply for Homekey grant fands with Rolling 4ak LLC {"Corporation"). Therefore, Co-Applieant is joining Carporation in the submit�al of an application for Homekey funds("Application")to the Department for review and consideration; and WHEREAS, The Department is authorized ta administer Homekey pursuant to the Multifamily Housing Program {Chapter 6.7 (commencing with Section SQ675) af Part 2 of Division 31 of the Health and Safety Code}. Hamekey funding allocatiol�s are s�ibject to the terms and canditions af the NOFA, the Applioation, the Department-approved STD 213, Standard Agreement ("Standard Agreement"), and a11 ather Iegal requirements of the Ilamekey Program; N(JW THEREFC}RE BE IT RES�LVED THAT: 1. Ca-Applieant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and ta jointly apply for Homekey grant funds in a total amount not to exeeed �10,0oo,00a. 2, If the Application is approved,Co-Applicant is hereby authorized and directed ta enter into,execute, and deliver a Standard Agreement in a total amaunt not to exceed $10,000,000, any and ail other documents required or deemed necessary or approgriate to secure the Hamekey funds from the Depariment and to participate in the Homekey Program, and all amendments thereto (colleetively, the"Homekey Documents"). 3. Co-Applicant aeknowledges and agrees that it shall be subject to the terms and cQnditians specified in the Standard Agreementi, and that the NOFA and Application wi11 be incorporated in the Standard Agreement by reference and made a part thereo£ Any and all activities, expenditures, information, and timelines represented in the Application are enfaroeable through the Standard Agreement.Funds are to be used far the allowable expenditures and activities identified in the Standard Agreement. 4. Barry Tippin, City Manager or his designee, is authorized ta execute the Applicatian and the Homekey Documents on behalf of Co-Applicant for participation in the Homekey Program. I HEREBY CERTIFY that the faregoing resalution was introduced and adopted at a regular meeting of the City Council of the City of Redding on the 18th day of January,2022,by the fallowing vate: AYES: Council Members - Dacquisto, Mezzano, Resner, Winter, and Schreder NOES: Council Members -None A�STAIN: Cauncii Members - None ABSENT: Council Members—Nane ��i�;�� ,�., � � }� �-�-F.� `'�-�;�<..��._t. ��... KRISTEN SCHR� ER,Mayor ATTEST: APPROVED AS TO FORM: � '`� � � �s ` � - PAMELA MIZE,City C��'•� BARRY E.DeWALT, City Attorney CERTIFICATE t)F T�IE ATTESTING OFFICER The undersigned,Pamela lt�ize, City Clerk, do hereby attest and certify that this Resolution is a true,full and correct copy of a resolution duly adopted at a meeting of the City Council of the Cify of Redding which was duly convened and held on the date stated thereon, and that said doeument has nQt been amended,modified, repealed or resci since its ate of adoption and is in fu11 farce and effect as of the date hereof. � � ATTEST: C� Signature of Attesting Offic Purrzela Mize, City Clerk