HomeMy Public PortalAbout2009.020 - LRA (04-07-09)RESOLUTION NO. 2009.020
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AND
THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AN AFFORDABLE
HOUSING AGREEMENT WITH THE WIN PROJECT TO PURCHASE,
REHABILITATE, AND RESELL A HOME LOCATED AT 12698 HANSA COURT
WHEREAS, The City of Lynwood receives an annual allocation of HOME funds
from Housing and Urban Development for the purpose of providing affordable housing
to low income families; and
WHEREAS, the City of Lynwood as entered into a Reservation and Commitment
Agreement with WIN in the amount of $400,000 to purchase and rehabilitate properties
for rental to a low income family; and
WHEREAS, WIN has selected a property in the Redevelopment Project area "A"
located at 12698 Hansa Court and is requesting the amount of $214,704 of HOME
funds to effectuate this Affordable Housing Project; and
WHEREAS, The Agreement approved by WIN complies with the HOME
requirements and enables the City to create appropriate affordable housing.
WHEREAS, The City is required to expend HOME funds to meet the
commitment and expenditure requirement set by HUD.
NOW, THEREFORE, THE LYNWOOD REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The Lynwood Redevelopment Agency Board authorizes to execute
the Affordable Housing Agreement, in a form approved by the Chair and the Agency
Counsel that would enable the Lynwood Redevelopment Agency to count the unit as a
replacement unit towards the Redevelopment Agency's Replacement Housing
Obligation and meet HOME requirements, for the purchase, rehabilitation, and resell of
the property located at 12698 Hansa Court.
Section 2. The Agency Board directs the Finance Director and City Treasurer
to make the appropriate electronic transfer of funds to escrow for the amount of
$214,704 of HOME Entitlement funds for the purchase of 12698 Hansa Court.
Section 3. This Resolution shail go into effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this 7~h day of April, 2009.
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Maria T. Santillan
Chair
ATTEST:
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Maria Quinonez
Secretary
APPROVED AS TO FORM:
Fred Galante
Agency Counsel
Roger L. Ha
Executive Director
APPROVED AS TO CONTENT:
Hempe-
ant City Manager
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 Agency at its
regular meeting held on the 7th day of April, 2009.
AYES: MEMBER CASTRO, FLORES, MORTON, RODRIGUEZ, AND
SANTILLAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, 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.
2009.020 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 7~h day of April, 2009.
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M ria Quinonez, cretary