HomeMy Public PortalAbout2006-029 (02-21-06)RESOLUTION NO. ZOn~ mo
A RESOLUTION OF THE CITY OF LYNWOOD APPROVING A HOME FUND
RESERVATION AND COMMITMENT AGREEMENT BETWEEN THE CITY OF
LYNWOOD AND AMERICAN FAMILY HOUSING
WHEREAS, The City of Lynwood administers a Housing Rehabilitation Program
pursuant HUD/HOME guidelines located at Title 24 CFR, Part 92; and
rj WHEREAS, in accordance with HUD guidelines, the City of Lynwood is required
f to reserve and commit 15% of the annual allocation of its HOME funds to a qualified
Community Housing Development Organization (CHDO) within a 24 month period, and
WHEREAS, The City of Lynwood proposes to enter into a HOME Program
Participation Agreement with American Family Housing, 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 proposes to commit $ 468,929.58 from fiscal year 2003,
$104,539 from fiscal year 2004, and $100,416 from fiscal year 2005 of CHDO funds to
American Family Housing.
NOW, THEREFORE, the City of Lynwood does hereby resolve as follows:
Section 1. That the Lynwood City Council approve the CHDO HOME Fund
Reservation and Commitment Agreement with American Family Housing.
Section 2. The City hereby commits FY 2003-$468,929.58, FY 2004-$104,539 and
FY 2005-$100,416 CHDO allocation to American Family Housing.
Section 4. The Mayor is hereby authorized to execute the agreement.
Section 3. The above mentioned funds shall be used for the development of
affordable housing pursuant to HUD/HOME regulations.
Section 5. This Resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this 21st day of February, 2006.
~9-.a.-~
Leticia Vasquez, May ~
ATTEST:
Vly~~t-a.. r/~i f~-N~i~~P~t~
Andrea L. Hooper, City Clerk
APPROVED AS TO FORM
Enr ue Martinez, City Manager
APPROVED AS TOO~ONTENT:
Ar oldo Beltran, City Attorney Kirk Pelser, ~"'""' `{/f e" ~c;"~~/~"
Interim Director of Redevelopment
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that
the above and foregoing resolution was duly adopted by the City Council of the j_`}
City of Lynwood at a regular meeting held in the City Hall of said City on the day ~~J
of Februarv 21st , 2006, and passed by the following vote:
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA, SANTILLAN AND VASQUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
City Clerk, City of Lynwood
STATE OF CALIFORNIA
ss.
i
COUNTY OF LOS ANGELES
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 forgoing is a full, true
and correct copy of Resolution No. 9no6.O a on file in my office and that
said resolution was adopted on the date and by the vote therein stated.
Dated this 21st day of February , 2006.
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City Clerk, City of Lynwood