HomeMy Public PortalAbout2010.103 (05-18-10)RESOLUTION NO. 2010.103
A RESOWTION OF THE CITY OF LVNWOOD AUTHORIZING THE MAYOR TO
EXECUTE A HOME PROGRAM RESERVATION AND COMMITMENT AGREEMENT
~ETWEEN THE CITY OF LYNWOOD AND THE FOUNDATION FOR AFFORDABLE
B~iOUSING (FAH) TO DEV~LOP AFFORDABLE RENTAL UNITS AT PARK PLACE
AND TO DESIGNATE FAH AS A CITY SELECTED CHDO
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 1`5% of the annual allocation of its HOME funds to a qualified
Communify Housing Development O,rganization (CHDO); and '
WHEREAS, The City of Lynwood proposes to enter into a HOME Program
Reservation and Commitment Agreement with the Foundation for Affordable Housing, 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 FY 2008 CHDO funds of $90,538 and
FY 2009 funds of $101,173 for a`total of $~191,7'I1, to the Foundation for Affordable
Housing. , . ', > ' ,
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS:
Section 1. The Lynwood City Council approves the HOME Program
Reservation and Commitment Agreement ("Agreement") with the Foundation for
Affordable Housing, subject to the approval of the form of the agreement by the City
attorney. The agreement will be contingent upon the approval of an appropriate
amendment to the Disposition and Development Agreement between AMCAL and the
Lynwood Redevelopment Agency #o authorize the use of HOME funds and impose
appropriate conditions for the use of such funds.
Section 2. The City hereby commits $191,711 of CHDO funds to the
Foundation for Affordable Housing.
Section 3. The above mentioned funds shail be used for fhe 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 18t" day of May, 2010.
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M ria T. Santillan, Mayor
ATTEST:
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Maria Quinonez, ity Clerk
Roger L. Haley, City Manager
APPROVED AS TO FORM:
Fred Galante, City Attorney
APPROVED AS TO CONTENT:
Sa ah . ithers, Director of
Redevelopment
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 18t" day of May, 2010.
AYES: COUNCIL MEMBERS FLORES, MORTON, RODRIGUEZ, AND
SANTILLAN
NOES: NONE
ABSENT: COUNCIL MEMBER CASTRO
ABSTAIN: NONE
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M ria Quinonez, ity Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, #he 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. 2010.103 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 18th day of May, 2010.
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Maria Quinonez, City Clerk