HomeMy Public PortalAbout2008.089 (06-03-08)RESOLUTION NO. 2008.089
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD TO
APPROVE SUBSTANTIAL CHANGE NO. 4 TO~THE HOME PROGRAM FOR THE
PURPOSE OF PROGRAMMING HOME PROGRAM INCOME FUNDS TO AN
ELIGIBLE PROJECT LOCATED AT 4237 IMPERIAL HIGHWAY TO CREATE AN
AFFORDABLE HOUSING PROJECT
~, WHEREAS, the Lynwood City Council has previously approved the use of
HOME funds for the current fiscal year which included allocations for specific activities;
and
WHEREAS, it is anticipated that significant amounts of Program Income will be
recorded and that a need exists to expend Program Income funds in the amount of
$947,984 by July 31, 2008 to avoid potential de-obligation of funds; and
WHEREAS, the City must amend it Consolidated Annual Action Plan in order to
allocate the funds to a project that had not been identified previously, which constitutes
an Substantial Change; and
WHEREAS, the adoption of Substantial Change No. 4 will allow the City to meet
it's goals, create new affordable housing; eliminate blight, and comply with HUD
regulations.
NOW THEREFORE, the City Council of the City of Lynwood does hereby find,
determine, order and resolve as follows:
Section 1. The City Council hereby approves and adopts amendments to
HUD Consolidated Action Plans as follows:
a. Amendments to Actions Plans and fund balances for HOME Program income
to provide for the expenditure of $947,984 of HOME Program Income.
b. Addition of new activities for property acquisition and development bya
certified and qualified CHDO in the approximate amount of $947,984.
Section 2. The Mayor of the City is hereby authorized to execute all necessary
documents in a form approved by the City Attorney to effectuate this Resolution.
Section 3. This resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED and ADOPTED. this 3rd day of June, 2008.
~~
~~
Maria Quinonez, Secretary
d ~
Maria eresa Santillan
Mayor
Roger L. Haley
City Manager
APPRO~f,JED AS TO FORM:
PROVED AS TO CONSENT
Fred Galante, City Attorney ~ L rry H e, Assistant City Manager
,.--,
i
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 3rd day of June, 2008.
AYES: COUNCIL MEMBERS, CASTRO, MORTON, RODRIGUEZ, AND
SANTILLAN
NOES: NONE
ABSENT: FLORES
ABSTAIN: NONE
/ / ,~ 1
~t_.'
Maria Quinonez, 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. 2008.089 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 3rd day of June, 2008
~ ~.~-~~~
Maria Quinonez,` City Clerk