HomeMy WebLinkAboutResolutions - No. 2011-40RESOLUTION NO. 2011-40
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING REPAYMENT OF HOME PROGRAM
FUNDS TO SAN JOAQUIN COUNTY AND
APPROPRIATING FUNDS
WHEREAS, in 2001, the City of Lodi was a participant in the Urban County
Agreement to receive federal Community Development Block Grant (CDBG) and HOME
Program funding from the U.S. Department of Housing and Urban Development (HUD)
through San Joaquin County; and Urban County Community has determined that the City of
Lodi, California, is entitled to Community Development Block Grant (CDBG) as an
entitlement communityfor fiscal year 2010/11 Federal allocation; and
WHEREAS, the City Council allocated $75,000 in HOME Program funds to
Affordable Renovated California Housing, Inc (ARCH) as part of the 2001/02 allocation
process for the acquisition, rehabilitation, and resale of residential properties, preferably on
Lodi's Eastside, to create affordable housing units; and
WHEREAS, ARCH did acquire properties at 1301 S. Washington Street and
460 Elgin Avenue with funds leveraged from a private investor and started the rehabilitation
of the two residential units using the HOME Program funds before eventually losing both
properties in foreclosure in 2004 before completing the rehabilitation work; and
WHEREAS, no affordable housing units were created after the expenditure of HOME
Program funding, the City of Lodi is responsible for repayment of $75,000 to the HOME
Programfrom a non-federal funding source; and
WHEREAS, staff recommends that the City Council authorize the repayment of
$75,000 to San Joaquin County and that funds be appropriated from the General Fund
Capital Outlay account.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does
hereby approve repayment of $75,000 to San Joaquin County to replace the HOME Program
funds; and
BE IT FURTHER RESOLVED that the City Council does also approve the
appropriation of funds from the General Fund Capital Outlay account.
Dated: March 16, 2011
hereby certify that Resolution No, 2011-40 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 16, 2011, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS — Hansen, Katzakian, Mounce, Nakanishi, and
MayorJohnson
COUNCIL MEMBERS— None
COUNCIL MEMBERS— None
COUNCIL MEMBERS— None
2011-40
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City Clerk