HomeMy Public PortalAbout2009.052 (04-07-09)RESOLUTION NO. 2009.052
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 CITY OF LYNWOOD DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. The City Council authorizes the Mayor to execute the Affordable
Housing Agreement, in a form approved by the City Attorney 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 City Council 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 shall 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
Mayor
ATTEST:
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Maria Quinonez ~
City Clerk
APPROVED AS TO FORM:
Fred Galante
City Attorney
Roger L. aley
City Manager
ROVED AS TO CONTENT:
empe ~
nt City Manager
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 at a regular meeting held on the 7th day of April, 2009.
AYES: COUNCIL MEMBERS CASTRO, FLORES, MORTON, RODRIGUEZ,
AND SANTIL~AN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, City Clerk
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. 2009.052 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 7th day of April, 2009.
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Maria Quinonez, C y Clerk