HomeMy Public PortalAbout2005-068 (04-19-05)RESOLUTION NO. 2005.068
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 Department 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 City Council authorized the execution of a Purchase and
Sale Agreement with Cai Trans and authorized the allocation of $17,950 as a
deposit for the purchase of the property located at 4267 Fernwood.
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 Iow 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 CHDO HOME funds for the purpose of developing
affordable housing for Iow income households and,
WHEREAS, the State Department of Transportation has requested the
balance of the purchase price to complete the acquisition of the property on or
before April 30, 2005.
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 Cai Trans
property located at 4267 Fernwood Avenue in the amount of $179,500 for the
purpose of developing affordable housing for Iow income households.
Section 2. The City Council approves the allocation of HOME Funds in the
amount of $161,550 as the balance of the purchase price to complete the
acquisition of the property with the State of California, Department of
Transportation.
Section 3. The Affordable Housing to be developed on said property will remain
affordable to Iow income households for a fifteen year period.
PASSED, APPROVED, and ADOPTE/[~s 19'h 9f~ApY~i~05.
/~'"'"'/R~amon Rod~iguez, Mayor
ATTEST:
Andrea L. Hooper, City Clerk
APPROVED AS TO FORM:
ity Attorney
/ N~. I~nriqu~a~n~z: City rv~nager
,~[~is Morales, 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 ],(]th day of ap_,-~ ]_ ,
2005.
AYES: COUNCILMEN BYRD,
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
PEDROZA, SANTILLAN, VASQUEZ AND RODR~GUEZ
Andrea L. Hooper, City Clerk
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. 2005.068 on file in my office and that said
resolution was adopted on the date and by the vote therein stated.
Dated this !gth day of .a.~r..-~' ,2005
Andrea k. Hooper, City Clerk