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HomeMy Public PortalAbout2006-126 (07-31-06)RESOLUTION NO. 2006.126 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD TO APPROVE AND THE MAYOR TO EXECUTE A HOME CONTRACT AND ADMINISTRATION AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE REDEVELOPMENT AGENCY WHEREAS, the City of Lynwood has received HOME Funds, a federal formula grant allocation, from the Department of Housing and Urban Development to carry out j ~ certain eligible affordable housing activities in accordance with federal program requirements at 24 CFR 92 Subpart K; and WHEREAS, the City of Lynwood is required to commit the HOME funds to a project or contract with asub-recipient by August 31, 2006; and WHEREAS, the City proposes to enter into a HOME Contract and Administration Agreement with the Lynwood Redevelopment Agency, a qualified sub-recipient, to assist the City in carrying out the HOME requirements of providing affordable housing opportunities to low income residents; and WHEREAS, the City proposes to commit HOME funds estimated to be approximately $1,197,019 to the Lynwood Redevelopment Agency pursuant to the agreement and within the HOME guidelines. NOW, THEREFORE the City Council of the City of Lynwood does hereby resolve as follows: Section 1. That the City Council approves the HOME Contract and Administration Agreement with the Lynwood Redevelopment Agency and the City to commit HOME funds estimated to be approximately $1,197,019 to be used in accordance with regulations established by the Department of Urban Development pursuant to Title 24 CFR part 92 Subpart K. Section 2. That the Mayor is authorized to execute an agreement for the stated purpose in a form satisfactory to the City Attorney. Section 3. This Resolution shall go into effect immediately upon its adoption. PASSED, APPROVED and ADOPTED this 315` day of July 2006. Leticia Vasquez, Mayor ATTEST: Andrea L. Hooper, City Clerk N. Enr~ a Martine ity Manager I ~ APPROVED AS TO FORM: ity Attorney APPROVED AS TO C~O2NT_ENT C/~ ~-~r~-~'~ / William 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 foregoing Resolution was passed and adopted by the City Council of the City of Ly~iwood at a regular meeting held on the 31st day of JULY , 2006. AYES: COUNCILMEMBERS, BYRD, PEDROZA, SANTILLAN, AND VASQUEZ NOES: NONE ~f ABSENT: NONE ABSTAIN: 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 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. 2006.126 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 31st day of Andrea L. Hooper, City Clerk JULY .2006.