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RESOLUTION N0. 9 9 - 2
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD APPROVING AFIRST-TIME HOMEBUYING PROGRAM PURSUANT
TO TITLE 24 CFR, PART 92, AND TO COMMIT $450,000 OF HOME INVESTMENT
PARTNERSHIP FUNDS TO CARRY OUT THE NECESSARY PROGRAM ACTIVITIES
WHEREAS, The Redevelopment Agency is interested in starting a new First-Time
Homebuying Program pursuant HUD/HOME guidelines at title 24 CFR, Part 92; and
WHEREAS, The new First-Time Homebuying Program has been designed to expand the
supply of decent, safe, sanitary and affordable housing within the City; and
WHEREAS, $450,000 of The HOME Investment Partnership funds and have been
identified as eligible fimding sources for the program; and
WHEREAS, In order to proceed ,funds from the Unappropriated HOME funds need to be
appropriated to carry out the financial ternis of the First-Time Homebuying Program
NOW; THEREFORE, The Redevelopment Agency does hereby resolve as follows:
Section 1. That the Redevelopment Agency approve the First-Time Homebuying Program for the
City of Lynwood.
Section 2. That the Executive Director is authorized to make the following fiord appropriation and
transfer
FROM TO
Unappropriated HOME Funds
$450,000
Fund 34-4135-4220 HOME Program
$450,000
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Sanchez, Chairman
~'1~.o~~.L>-.eta-~ i C ,~
Andrea L. Hooper, Secretary
APPROVED AS TO FORM
K. Thev r, sq
Director
Agency Special Council
s, Interim Executive Director
APPROVED AS TO CONTENT
ary Chicots Community Development
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STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Redevelopment Agency do hereby
certify that the foregoing resolution was passed and adopted by the Lynwood
Redevelopment Agency of the City of Lynwood at a regular meeting, held on the
5th day of January 1 9 9 9
AYES: MEMBERS BYRD, REA, REYES, RICHARDS, AND SANCHEZ
NOES: NONE
ABSENT: NONE
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Secretary
Lynwood Redevelopment Agency
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Redevelopment Agency, do hereby
certify that the above and foregoing is a full, true and correct copy of Resolution
No. 9 9 - 2 on file in my office and that said resolution was adopted on the date and
by the vote therein stated.
Dated this 5th day of January 1 9 9 9
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Secretary