HomeMy WebLinkAbout1994-01-04; City Council; Resolution 94-6A-
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CITY COUNCIL RESOLUTION NO. 9 4 - 6
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD,CALIFORNIA, AUTHORIZING THE SUBMISSION OF A
SECTION 108 LOAN APPLICATION TO THE U.S. DEPARTMENT OF
HUD FOR FUNDS TO PURCHASE PROPERTY FOR AFFORDABLE
HOUSING
WHEREAS, the City Council of the City of Carlsbad, California, held a public
hearing to accept comments on the needs of low and moderate income persons and the
proposal to submit a Section 108 CDBG Loan Application to the U.S. Department of
Housing and Urban Development; and,
WHEREAS, the City Council authorized staff to purchase property for an
affordable housing project known as The Villas at El Camino Real; and,
WHEREAS, the City Council has taken all testimony into account.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. That the above recitations are true and correct.
2. That the City Council has approved submission of a Section 108 CDBG Loan
Application to the U.S. Department of Housing and Urban Development in the
for the approved affordable housing project known as The Villas at El Camino
Roble and Alga Road.
, amount of $1.2 million for the purpose of financing the acquisition of property
~ Real located adjacent to and west of El Camino Real, between Camino Vida
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3. That the City will publish a summary of the proposed project in the local
newspaper(s) and allow a fifteen (15) day public review and comment period
prior to submitting the City’s Section 108 CDBG Loan Application to the U.S
Department of Housing and Urban Development for approval.
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4. That the Housing and Redevelopment Director is authorized to submit the Section
108 CDBG Loan Application to the U.S Department of Housing and Urban
Development for approval upon expiration of the public review and comment
period and to execute all appropriate documents which may be required if the
loan is approved.
PASSED, APPROVED AND ADOPTED, by the City Council of the City of
Carlsbad, California on the 4th day of January , 1994, by the following vote,
to wit:
AYES: Council Members Lewis, Stanton, Kulchin, Nygaard and Finnila
NOES: None
ABSTAIN: None
ATTEST:
ALETHA L. RAUT
(Seal)