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HomeMy Public PortalAboutr 13-158�Rezvrlution of #4e Porough of Tarterd, C N� JC No. 13 - L58 Date of Adoption �Umb et' ' 5, 2M APPROVING RCA FUNDING FOR SENIOR CITIZEN HOUSING ON HUDSON STREET WHEREAS, the Borough of Carteret desires to provide additional affordable housing opportunities with available Regional Contribution Agreement (RCA funding); and WHEREAS, the Carteret Housing Authority (the "Housing Authority ") has proposed to provide forty -eight (48) units of qualifying affordable senior housing on Hudson Street; and WHEREAS, the Borough is willing to contribute a total of $150,000.00 in RCA funding toward the cost of construction of the forty -eight (48) units; and WHEREAS, the Borough desires to designate the Housing Authority as the Administrative Agent for all units in the Hudson Street Project. NOW, THEREFORE BE IT RESOLVED, by the Borough of Carteret as follows: 1. The Borough hereby agrees to contribute $150,000.00 in RCA funding for forty- - eight (48) units of qualifying affordable housing to be identified as the Hudson Street Project. 2. The appropriate Borough Officials are hereby authorized and directed to take all actions needed to implement the provisions and intent of this resolution.. 3. The Borough hereby endorses Carteret Housing Authority's application(s) for additional affordable housing funding. 4. The Borough hereby designates the Carteret Housing Authority as the Administrative Agent for all of the said units in the Hudson Street Project. Adopted this 5" day of September, 2013 and certified as a true copy of the original on September 6, 2013. KATHLEEN M. BARNEY, MMC Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NN A.B. COUNCILMAN YES NO NV A.B. MUM X X DIAZ X X DDIAMO X X X - Indicate Vote AB - Absent NV Not Voting XOR- Indicates Vote to Overrule Veto Adopted at a meeting of the Municipal Council ,., ��rr Q Fndpr 5 M3 CLERK M OFFICE OF KATHLEEN M. BARNEY, RMC /C) jC ,41UMCIP.yL CLERK MIDDLESEX COUNTY �qEfa Tersev Date: 9/3/13 TO: Patrick DeBlasio, Treasurer Borough of Carteret REQUEST FOR CERTIFICATION OF AVAILABLE FUNDS: Name of Account: FESOLUPION #13- ls—p AMOUNT TO BE ENCUMBERED: WA TO CLIVIRIBUIE $150,000.001TSWO COST OF 01�1SIIdJCIT , /KATHLEEN M. BARNEY Municipal Clerk CERTIFICATION OF.AVAILABILITY OF FUNDS I, Treasurer of the Borough of Carteret, do hereby certify that tbeie are sufficient funds available in the current budget to; enable the Municipal Council to authorize the entering into a Contract between the Borough of Carteret and: The funds availabTe • for this contract are in the Budget account of: in the amount of: isQ By this certification, I have hereby encumbered the above named account for the amount of the contract pending Council action. o� �r Patri k DeBlasio, Treasurer DATE: