HomeMy WebLinkAbout1997-08-05; City Council; Resolution 97-562\ 0 0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1
CITY COUNCIL RESOLUTION NO. 97-562
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY
BETWEEN THE CITY OF CARLSBAD AND THE CALIFORNIA
DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT TO ALLOW THE CITY AND THE CARLSBAD
RESIDENTS ASSOCIATION TO RECEIVE MPROP FUNDING;
AND TO AUTHORIZE THE EXPENDITURE OF AN AMOUNT
NOT TO EXCEED $446,408 FROM THE CITY’S HOUSING
TRUST FUND TO ASSIST LOWER INCOME HOUSEHOLDS
TO PURCHASE INDIVIDUAL SPACES WITHIN THE RANCHO
CARLSBAD MOBILEHOME
MANAGER TO EXECUTE CONTRACT 96-MPROP-057
WHEREAS, the City of Carlsbad and the Carlsbad Residents Association
previously applied to the California Department of Housing and Community
Development (HCD) for Mobilehome Park Resident Ownership Program (MPROP)
funding; and
WHEREAS, the City of Carlsbad and the Carlsbad Residents Association
have received approximately $532,000 in MPROP funding; and
WHEREAS, City of Carlsbad is required as a condition of funding to
execute Contract 96-MPROP-057 between the City of Carlsbad and the California
Department of Housing and Community Development; and
WHEREAS, the Carlsbad Residents Association expressed a need to receive
financial assistance in the amount up to $446,408 from the City of Carlsbad Housing
Trust Fund for the purpose of assisting lower income households in purchasing
individual mobilehome sites located within the Rancho Carlsbad Mobilehome Park;
and
WHEREAS, financial assistance for the acquisition of individual
mobilehome spaces is consistent with the General Plan Housing Element and will
allow for the preservation of existing affordable mobilehome spaces; and
WHEREAS, on February 20, 1996, the City Council for the City of
Carlsbad adopted Resolution No. 96-67 whereby the Council agreed to consider
providing assistance to lower income residents in the purchase of individual
mobilehome spaces.
WHEREAS, the Planning Director has determined that financial assistance for
the conversion of a rental mobilehome park to condominium ownership is exempt
from environmental review pursuant to Section 21080.8 of the California Public
Resource Code (CEQA).
...
...
a 0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
.. .
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the
City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. The City Council hereby AUTHORIZES the Finance Director to appropriate
$446,408 from the City of Carlsbad’s Housing Trust Fund for the purpose of
providing non interest bearing deferred second trust deed loans in the amount not to
exceed $446,408 to Residents within the Rancho Carlsbad Mobilehome Park
Association to assist lower income households in the acquisition of individual
mobilehome spaces located within the Rancho Carlsbad Mobilehome Park.
3. The City Council hereby AUTHORIZES the City Manager or his designee to
execute Contract 96-MPROP-057 between the City of Carlsbad and the California
Department of Housing and Community Development and to execute such
documents, or take other actions as may be necessary or appropriate to allow the
City and the Carlsbad Residents Association to receive MPROP funding and to
assist lower income households in the acquisition of individual mobilehome spaces
located within the Rancho Carlsbad Mobilehome Park.
General Conditions:
1. Financial assistance in an amount not to exceed $446,408 from the City of
Carlsbad Housing Trust Fund will be made available as a non interest bearing
deferred second trust loan. The maximum loan amount per individual borrower will
be determined by the need of the individual borrower based upon the ability to
secure funding from the MPROP funds and private conventional financing. The City
loan will be secured by a Deed of Trust and Promissory Note for the property on
behalf of the City of Carlsbad.
2. Repayment of any and all of the loan principal will be required upon the
date of sale, transfer or refinance of the property.
...
...
...
I
a a
1
2
3
4
5
6
7
0
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
20
3. City funds shall be used for loans to low-income residents for the purchase of
individual interests in the Rancho Carlsbad Mobilehome Park. To be eligible for a
loan, a household must be a low-income resident as defined by the MPROP
regulations, must be a resident upon the date of loan closing, have resided in the
Mobilehome Park since March 1, 1996, and be the owner of their mobilehome,
possessing the rights of tenancy under the Mobilehome Residency Law, civil code
Sections 748. et seq..
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad, California, held on the 5'h day of August 1997, by the
following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard, Kulchin
NOES: None
ABSENT: None
I I I ATTEST:
(SEAL)