HomeMy Public PortalAbout2005-026 (02-15-05)RESOLUTION NO. 2005.026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
AUTHORIZING THE PURCHASE OF CAL TRANS PROPERTY LOCATED AT
4267 FERNWOOD FOR THE DEVELOPMENT OF AFFORDABLE HOUSING
WHEREAS, the City of Lynwood utilizes the purchase of vacant property from
the State Depmtment of Transportation to address its housing and community
development needs; and,
WHEREAS, the State Department of Transportation has vacant property that is
available to be purchased by the City of Lynwood; and,
WHEREAS, the Department of Housing and Urban Development Section 24 CFR
Part 92 has established regulations for the administration of the federally funded and
entitlement grant programs offered to the City; and
WHEREAS, the City receives an annual allocation of federal funds under the
Home Investment Partnerships (HOME) Program for the purpose of developing
affordable housing for low to moderate income persons; and
WHEREAS, the City Council approved a HOME Fund and Commitment
Agreement on July 6, 2004, with Access Community Housing, Inc., a non- profit
organization, committing $104,250 for the purpose of developing affordable housing for
low income households; and,
WHEREAS, the State Department of Transportation requested formal action by
the Lynwood City Council to implement the purchase of the property.
NOW, THEREFORE, the City Council of the City of Lynwood does hereby
resolve as follows:
Section 1. The City Council approves the purchase of the vacant property located
at 4267 Fernwood Avenue in the City of Lynwood for the purpose of developing
affordable housing for low income households.
Section 2. The interim City Manager is authorized to execute a Purchase
Agreement with the State Department of Transportation for ten percent of the appraised
property value.
Section 3. The City Council approves the allocation of HOME Funds in the
amount of $104,250 for the purchase of the property.
Section 4. The Affordable housing to be developed on said property will remain
affordable to low income households for a fifteen year,period.
PASSED, APPROVED, and ADOPTED day of~y, 2005.
(,~EST:
Andrea L. Hooper, City Clerk
~~lq~'vCityManage~
APPROVED AS TO FORM:
Iity Attorney
Louis Morale~, Redevelopment
Director
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 15th day of February ,
2005.
AYES: COUNCILMEN BYRD,
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
PEDROZA, SANTILLAN, VASQUEZ AND RODRIGUEZ
STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES )
SS.
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correct copy of Resolution No. ;~00§.02~6 on file in my office and that said
resolut,on was adopted on the date and by the vote therein stated.
Dated this 1§th day of February ,2005