Resolution Number 03-06-17-06RESOLUTION NO. 03-06-17-06
A RESOLUTION Of THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, AUTHORIZING SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA DEPARTMENT OF HOUSING
AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE
HOME INVESTMENT PARTNERSHIPS PROGRAM; THE EXECUTION
OF A STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING,
AND ANY AMENDMENTS THERETO; AND ANY RELATED
DOCUMENTS NECESSARY TO PARTICIPATE IN THE HOME
INVESTMENT PARTNERSHIPS PROGRAM
WHEREAS, the City of San Juan Capistrano, a political subdivision of the State
of California, wishes to apply for and receive an allocation of funds through the HOME
Investment Partnerships Program (hereinafter referred to as "HOME"); and,
WHEREAS, the California Department of Housing and Community Development
(hereinafter referred to as the "Department") has issued a Notice of Funding Availability
on August 1, 2002 (as amended) for the HOME program and is authorized to approve
funding allocations which will be made available directly through the U.S. Department of
Housing and Urban Development (HUD) to be used for the purposes set forth in Title 11
of the Cranston -Gonzalez National Affordable Housing Act of 1990, the implementing
regulations set forth in Title 24 of the Code of Federal Regulations, part 92, and Title 25
of the California Code of Regulations commencing with section 8200; and,
WHEREAS, the City of San Juan Capistrano, wishes to submit an application to
obtain an allocation of HOME funds from the Department; and,
WHEREAS, the proposed program is consistent with the policies and objectives
of the San Juan Capistrano General Plan; and,
WHEREAS, the proposed program is consistent with the policies and objectives
of the San Juan Capistrano Housing Element.
NOW, THEREFORE BE IT RESOLVED THAT:
The City of San Juan Capistrano shall submit to the Department an application to
participate in the HOME program in response to the Notice of Funding Availability
issued on August 1, 2002, as amended, which will request a $600,000 funding
allocation for the following activities:
First -Time Home Buyer Program - This program consists of providing secured,
second mortgage loans to income qualified households. Loans of up to $45,000
will be provided to income -eligible first-time home buyers purchasing a HOME
eligible housing unit within the City of San Juan Capistrano. The loan may be
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used for down payment and/or closing costs. The City is requesting $285,000
in State HOME Program funds for this activity.
Owner -Occupied Housing Rehabilitation Program -This program consists of
providing secured, zero percent interest rehabilitation loans to eligible low and moderate
income households. Loans of up to $30,000 are proposed to be provided to eligible
households to make necessary health and safety and general repairs to HOME eligible
housing units located within the City of San Juan Capistrano.
2. If the application for funding is approved, the City of San Juan Capistrano hereby
agrees to use $300,000 in HOME funds for eligible activities in the manner
presented in the application as approved by the Department and in accordance
with regulations cited above. It also may execute any and all other instruments
necessary or required by the Department or HUD for participation in the HOME
program.
3. The City of San Juan Capistrano authorizes the City Manage to execute in the
name of the City of San Juan Capistrano, the application and the Standard
Agreement. The City of San Juan Capistrano authorizes the City Manage ,
Planning Director and/or Administrative Services Directo to execute in the name
of the City of San Juan Capistrano all other. documents required by the
Department or HUD for participation in the HOME program, including: drawdown
requests, quarterly performance reports, annual performance reports and
environmental certifications as the Certifying Officer, and any amendments
thereto.
PASSED, APPROVED AND ADOPTED this 17th day of
ATTEST:
R. MONAHAN. CITY CLERK
1-3
06-17-2003
STATE OF CALIFORNIA
COUNTY OF ORANGE )ss.
CITY OF SAN JUAN CAPISTRANO
1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 03-06-17-06 was duly adopted by the City
Council of the City of San Juan Capistrano at a regular meeting thereof, held the 17 th day
of June 2003, by the following vote:
AYES: COUNCIL MEMBERS: Hart, Bathgate, Swerdlin, Soto and Mayor Gelff
NOES: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
06-17-2003