HomeMy Public PortalAbout2006-068 (05-02-06)RESOLUTION NO. X006 068
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD TO
APPROVE SUBSTANTIAL CHANGE NO. 1 TO THE HOME PROGRAM FOR
THE PURPOSE OF REALLOCATION OF HOME FUNDS TO THE SINGLE
FAMILY HOUSING REHABILITATION PROGRAM AND DOCUMENTATION
OF COMMITMENT OF HOME/CHDO FUNDS TO A CHDO PROJECT
WHEREAS, Lynwood City Council approved the use of HOME funds for
fiscal years 2000, 2001, 2002, 2003, 2004, 2005 which included allocations for
specific activities; and ~ . _ -
WHEREAS, a review of HOME activities identified which activities have
not committed or expended funds due to market forces beyond the City's control.
The market forces include the significant rise in sales prices of single-family
residences in the last 3 years. These increases have made certain programs
infeasible due to HUD's maximum sale price regulations and to insufficient funds
being allocated to prior, year programs. As a result the City needs to reallocate
funds via a Substantial Change (amehdment) to the-Gity's'Consolidated ~Anhual
Action Plans; and
WHEREAS, a need exists to reallocate HOME/CHDO funding for
commitment of to eligible feasible projects by August 31, 2006 and a need exists
to commit and expend five years of CHDO funds (2000- 2004) including FY 2003
in the amount of $105,052 in order to comply with HUD regulations and avoid
further de-obligation of funds; and
WHEREAS, adoption of this Substantial Change No. 1 to the City's
Consolidated Action Plans constitutes a Substantial Change will accomplish this
goal.
I NOW, THEREFORE, the City Council of the City of Lynwood does hereby
find, determine, order and resolve as follows:
Section 1. Approve and Adopt amendments to prior Consolidated Action
Plans as follows:
DELETED AND NEW ACTIVITIES/ALLOCATIONS
Substantial Change No. 1 will reprogram HOME funds to the following activities
and amounts and amend the prior years Action Plans accordingly:
1 Delete Activitv Fiscal Year Original Allocation
First Time Homebuyer 2003 $100,000
Acquisition & Rehabilitation 2003 100 000
Total $200,000
Rental Rehabilitation 2004 $180,000
First Time Homebuyer 2004 $280,000
Acquisition & Rehabilitation 2004 $100,000
Program Income 2004 357 258
Total $917,258
.Rental Rehabilitation 2005 $ 45,000
~i First Time Homebuyer 2005 $120,000
' Acquisition & Rehabilitation 2005 124 082
Tota I $289, 082
Total of Deleted Projects $1,406,340
2. New Activitv Fiscal Year Proposed Allocation
Housing Rehabilitation 2003/2004/2005 $627,603
CHDO Project CHDO/PI 2000-2005 $673,685
CHDO Project
Total
2003
10$ 5 052
$1,406,340
Section 2. This resolution shall become effective immediately upon its
adoption.
PASSED. APPROVED and ADOPTED this 2nd day of May, 2006.
~~
cia Vasquez, or
ATTEST:
~~ ~~ f~
Andrea L. Hooper, Ci y Clerk ~Enri a artinez, ity Manager
APPROVED AS TO CONTENT
-~LSJ~
rnoldo Beltran, City Attorney
APPROVED AS TO FORM:
/p
L~ ~i' ~,.
William-A. Rawlings, 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 above and foregoing Resolution was duly adopted by the City Council of
the City of Lynwood at a regular meeting held in the City Hall of said City on the
2nd day of May , 2006 and passed by
the following vote:
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA, SANTILLAN AND YASQUEZ
1
I
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
SS.
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 foregoing is a full, true
and correct copy of Resolution No. 2006.068 in my office and that said
Resolution was adopted on the date and by the vote therein stated.
Dated this
day of
2006.
Andrea L. Hooper, City Clerk