HomeMy Public PortalAbout2006-039RESOLUTION NO. ~nnF_n~g
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE
CITY OF LYNWOOD TO APPROVE AND THE CHAIRPERSON TO EXECUTE
A HOME CONTRACT AND ADMINISTRATION AGREEMENT BETWEEN THE
LYNWOOD REDEVELOPMENT AGENCY AND THE CITY OF LYNWOOD
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 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 io commit the HOMO fiunds
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, on July 31, 2006, the City Council authorized 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 Lynwood Redevelopment Agency of the City of
Lynwood does hereby resolve as follows:
Section 1. That the Lynwood Redevelopment Agency approves the
HOME Contract and Administration Agreement with the City of Lynwood and the
Agency to receive 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 Chair is authorized to execute an agreement for the
stated purpose in a form satisfactory to Agency Counsel.
Section 3. Authorize the Executive Director to make fund appropriations
and transfers as necessary.
Section 4. This Resolution shall go into effect immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 15th day of August 2006.
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eticia Vasquez, Chair
ATTEST:
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Andrea L. Hooper, Secretary
~V. Enr~ e a ne ecutive Director
APPROVE A~ T FORM:
Agency Counsel
APPROVED AS TO CONTENT: .-°
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Li''
William Rawlings ~"~l
Redevelopment Director
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, 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 15th day of AUGUST , 2006.
AYES: COUNCILMEMBERS, BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASQUEZ
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
,~,
Andrea L. Hooper, Secretary
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2006.039 on file in my office and that said Resolution was adopted on the date
and by the vote therein stated.
Dated this 15th day of AUGUST , 200.
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Andrea L. Hooper, Secretary