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HomeMy Public PortalAbout92-159 (10-06-92)RESOLUTION NO. 92-159 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD TO APPROVE AND AUTHORIZE THE EXECUTION A HOME PARTNERSHIP AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE HOUSING AND COMMUNITY DE VELOPMENT DEPARTMENT i WHEREAS, City Council ty of has authorized the C Lynwood's participation in the HOME Program; and WHEREAS, on September 18, 1992, HUD reserved $750,000 in HOME Program funds for the City of Lynwood; and WHEREAS, obligation to funds are subject to the execution of the Home Partnership Agreement. NOW, THEREFORE, the City Council of the City of Lynwood does hereby find, determine, order and resolve as follows: SECTION 1. Approve and adopt a resolution approving and authorizing execution of the HOME Partnership Agreement. SECTION 2. The City Manager or his designee is authorized to execute three copies of the Agreement. SECTION 3. The Community Development Director and Finance Director are authorized to sign HUD DIrect Deposit forms. SECTION 4. The Finance Department is authorized to set up a separate fund to track all revenue received and monies expended on the HOME Program. SECTION 5. The resolution shall become effective immediately upon its adoption. PASSED, APPROVED and ADOPTED this 6th _ day of OCTOBER UIS EI E, MAYOR ATTEST: ANDREA L. HOOPER, C TY CLERK City of Lynwood ~' APPROVE TO FORM: APPROVED AS TO CONTENT: I-1F~"~'vV1 °`~ SOLD BLU N ELD, DIRECTOR COMMUNITY DEVELOPMENT Attorney NOTED AS TO CONTENT: 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 as a regular meeting held on the 6th day of OCTOBER 1992. AYES: BYRD, REA, RICHARDS, WELLS, HEINE NOES: NONE ABSENT: NONE STATE OF CALIFORNIA ) j ss. COUNTY OF LOS ANGELES ) ~~ /7f ~ ~~ ANDREA L HOOPER, CI Y CLERK CITY OF LYNWOOD 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 6th day OCTOBER 1992 AYES: BYRD, REA, RICHARDS,WELLS, HEINE NOES: NONE ABSENT: NONE