HomeMy Public PortalAbout99.003 LRARESOLUTION N0.9 9 - 3
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD APPROVING A PURCHASE AND REHABILITATION PROGRAM
PURSUANT TO TITLE 24CFR, PART 92, AND TO COMMIT $700,000 OF HOME
INVESTMENT PARTNERSHIP FUNDS TO CARRY OUT THE NECESSARY
PROGRAM ACTIVITIES
WHEREAS, The Redevelopment Agency is interested in starting a new Purchase and
Rehabilitation Program pursuant HUD/HOME guidelines at title 24 CFR, Part 92; and
WHEREAS, The new Purchase and Rehabilitation Program has been designed to expand
tine supply of decent, safe, sanitary and affordable housing within the City; and
WHEREAS, $700,000 of The HOME Investment Partnership funds have been identified
as eligible fiinding 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 teens of the Purchase and Rehabilitation Program
NOW, THEREFORE, The Redevelopment Agency does hereby resolve as follows:
Section 1. That the Redevelopment Agency approve the Purchase and Rehabilitation 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
$700,000
~~. ~, ~ ~
Andrea L. Hooper, Secretary
APPROVED AS TO FORM
C~~
a K. Thever,
Director
Agency Special Council
Fund 34-4135-4220 HOME Program
$700,000
~~,, , ,,
--~-~~
Ricar o Sanchez, Chairman
Ralp a is, nterim Executive Director
APPR~~ D AS TO-CO TENT
/~~
Gary Chico s Community Development
a, .
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 1999
AYES:MEMBERS BYRD, REA, REYES, EICHARDS AND SANCHEZ
NOES: NONE
ABSENT:NONE
~~~' ~~.~
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 - 3 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 1 999
~~ ~ ~~~
Secretary