HomeMy WebLinkAboutResolutions - No. 2013-118RESOLUTION NO. 2013-118
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE
CITY MANAGER TO SUBMIT AN APPLICATION TO THE STATE OF
CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR HOME INVESTMENT PARTNERSHIPS PROGRAM
FUNDING; AND IF SELECTED, THE EXECUTION OF A STANDARD
AGREEMENT, ANY AMENDMENTS THERETO, AND ANY RELATED
DOCUMENTS NECESSARY TO PARTICIPATE IN THE HOME
INVESTMENT PARTNERSHIP PROGRAM
WHEREAS, the California Department of Housing and Community Development
(the "Department") is authorized to allocate HOME Investment Partnerships Program
("HOME") funds made available from the U.S. Department of Housing and Urban
Development ("HUD"). HOME funds are to be used for the purposes set forth in Title 11
of the Cranston -Gonzalez National Affordable Housing Act of 1990, in federal
implementing regulations set forth in Title 24 of the Code of Federal Regulations, part
92, and in Title 25 of the California Code of Regulations commencing with section 8200;
and
WHEREAS, on May 1, 2013, the Department issued a 2013 Notice of Funding
Availability announcing the availability of funds under the HOME program (the "NOFA!');
and
WHEREAS, in response to the 2013 NOFA, the City of Lodi, a municipal
corporation, (the "Applicant"), wishes to apply to the Department for, and receive an
allocation of, HOME funds.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager, in response to the 2013 NOFA, to submit an application to
the Department to participate in the HOME Program and for an allocation of funds not to
exceed Seven Hundred Thousand Dollars ($700,000) for the following activities and/or
programs:
First-time homebuyer down payment assistance to low- and very low-income
households for the purchase of qualified homes in the City of Lodi, under both
Acquisition -Only and Acquisition with Rehabilitation activities.
BE IT FURTHER RESOLVED, if the application for funding is approved, the
Applicant hereby agrees to use HOME funds for eligible activities in the manner
presented in the application as approved by the Department in accordance with the
statutes and regulations stated above. The Applicant may also execute a standard
agreement, any amendments thereto, and any and all other documents or instruments
necessary or required by the Department for participation in the HOME program
(collectively, the required documents). The Applicant authorizes the City Manager or his
designee(s) to execute, in the name of the applicant, the required documents.
Dated: June 19, 2013
I hereby certify that Resolution No. 2013-118 was passed and adopted by the
Lodi City Council in a regular meeting held June 19, 2013, by the following vote:
AYES: COUNCIL MEMBERS – Hansen, Johnson, Katzakian, and
Mayor Nakanishi
NOES: COUNCIL MEMBERS – None
ABSENT: COUNCIL MEMBERS – Mounce
ABSTAIN: COUNCIL MEMBERS – None
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City Clerk
2013-118