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HomeMy Public PortalAbout2012.122 (06-19-12)RESOLUTION NO. 2012.122 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING A SUBSTANTIAL AMENDMENT TO THE 2010 -2011 AND 2011 -2012 HUD ANNUAL ACTION PLANS WHEREAS, the City of Lynwood approved the use of HOME funds for fiscal years 2010 -2011 and 2011 -2012, inclusive of activities specified within their respective Annual Action Plans; and WHEREAS, the City of Lynwood is required to reserve and commit 15% of its annual allocation of HOME funds to a qualified Community Housing Development Organization (CHDO); and WHEREAS, the need exists to reallocate funds in order to meet a June 30, 2012 commitment deadline and avoid the de- obligation of funds; and WHEREAS, The City of Lynwood proposes to enter into a HOME Program Reservation and Commitment Agreement with Habitat for Humanity of Greater Los Angeles, a qualified CHDO, to assist the City in carrying out the HOME requirements of providing affordable housing opportunities to low- and very-low income residents; and WHEREAS, The City wishes to reserve and commit both CHDO funds and previously allocated but unspent Housing Rehabilitation funds; and WHEREAS, The Home CHDO funds are committed via a HOME Funds Program Reservation and Commitment Agreement, which will be considered as a separate approval by the City Council (concurrently); and WHEREAS, The City proposes to reserve /commit CHDO funds of $620,000 to Habitat for Humanity of Greater Los Angeles; and WHEREAS, The City Council will consider as separate actions, and retain approval authority for all proposed projects funded with HOME CHDO funds which are being reserved /committed; and WHEREAS, Upon approval and execution of the HOME Funds Program Reservation and Commitment Agreement, the commitment of funds will be entered into HUD's reporting and financial management tracking system, "IDIS "; and WHEREAS, the adoption of a Substantial Amendment will allow the City to comply with the commitment and expenditure requirements of the HOME program, while meeting its housing goals. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. Approve and Adopt amendments to the City of Lynwood HUD Annual Action Plans, as follows: a. Amend the FY 2010 -2011 Annual Action Plan to allocate $100,669.05 from CHDO Activity, to FY 2011 -2012 CHDO Activity b. Amend the FY 2010 -2011 Annual Action Plan to allocate $215,244.02 from Housing Rehabilitation Activity, to FY 2011 -2012 CHDO Activity c. Amend the FY 2011 -2012 Annual Action Plan to allocate $215,244.02 from Housing Rehabilitation Activity, to FY 2011 -2012 CHDO Activity Section 2. This Resolution shall go into effect immediately upon its adoption. PASSED, APPROVED and ADOPTED this 19 day of June, 2012. m Morton, ayor ATTEST: aria Quinonez, City Clerk eg, , APPROVED AS TO FORM: Fred Galante, City Attorney APPROVED AS TO CONTENT: Sarah M. \/V �rs�,- Btr�ctor of Community Development STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 19 th day of June, 2012. AYES: COUNCIL MEMBERS CASTRO, RODRIGUEZ, SANTILLAN -BEAS, ALATORRE AND MORTON NOES: NONE ABSENT: NONE ABSTAIN: NONE aria Quinonez, City Clerk STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2012.122 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 19 th day of June, 2012. Maria Quinonez, City Clerk