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HomeMy Public PortalAbout2009.013 (01-20-09)RESOLUTION NO. 2009.013 ~^ A RESOLUTION OF THE CITY OF LYNWOOD AUTHORIZING THE MAYOR TO EXECUTE A HOME PROGRAM RESERVATION AND COMMITMENT AGREEMENT BETWEEN THE CITY OF LYNWOOD AND THE WIN PROJECT AND AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO MAKE OFFERS ON REAL PROPERTY WHEREAS, The City of Lynwood administers a Housing Rehabilitation Program pursuant HUD/HOME guidelines located at Title 24 CFR, Part 92; and WHEREAS, in accordance with HUD guidelines, the City of Lynwood is required to reserve and commit 15% of the annual allocation of its HOME funds to a qualified Community Housing Development Organization (CHDO, and WHEREAS, The City of Lynwood proposes to enter into a HOME Program Reservation and Commitment Agreement with The WIN Project, a qualified CHDO, to assist the City in carrying out the HOME requirements of providing affordable housing opportunities to low and very low income residents, and WHEREAS, The City proposes to commit $ 400,000 from fiscal year 2005, funds to The WIN Project. NOW, THEREFORE, THE CITY OF LYNWOOD DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Lynwood City Council approves the HOME Program Reservation and Commitment Agreement with The WIN ~,.,, Project. Section 2. The City hereby commits $400,000 of FY 2005 funds to The WIN Project. Section 3. The above mentioned funds shall be used for the development of affordable housing pursuant to HUD/HOME regulations. Section 4. Mayor is hereby authorized to execute the agreement. Section 5. This Resolution shall go into effect immediately upon its adoption. PASSED, APPROVED, AND ADOPTED this 20th day of January, 2009. ~f~~~J ~ti~~~~ Ma is T. Santillan, Mayor ATTEST: Roger L. Haley, City Manager APPROVED AS TO FORM: Fred Galante, City Attorney STATE OF CALIFORNIA ) SS. COUNTY OF LOS ANGELES ) Manager 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 20th day of January, 2009. AYES: COUNCIL MEMBERS CASTRO, FLORES, MORTON, RODRIGUEZ, NOES: NONE ABSENT: COUNCIL MEMBER SANTILLAN 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. 2009.013 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 20th day of January, 2009 'mil I I ,~, I ABSTAIN: NONE