HomeMy WebLinkAbout2002-09-17; City Council; Resolution 2002-2781
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CITY COUNCIL RESOLUTION NO. 2002-278
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA APPROVING THE REALLOCATION OF CDBGIHOME
PROGRAM FUNDS, AND AUTHORIZING THE CITY MANAGER TO
EXECUTE APPROPRIATE DOCUMENTS.
WHEREAS, the City of Carlsbad, California has previously allocated Community Development
3lock Grant (CDBG) and Home Investment Partnership (HOME) funds from the U. S. Department of
lousing and Urban Development (HUD) to the City’s Housing Reserve Fund and to a residential
ehabilitation program for the purposes of assisting lower income households; and,
WHEREAS, the City now desires to reallocate HOME funds from the Housing Reserve Fund
ipecifically to a project to develop affordable housing on property located at 2578 Roosevelt Street; and,
WHEREAS, the City also desires to reallocate funding previously set-aside for the City’s
lesidential Rehabilitation Program to develop affordable housing on property located at 2578 Roosevelt
Street; and,
WHEREAS, the City Council of the City of Carlsbad held a public hearing to consider the
zallocation of HOME funds from the Housing Reserve Fund and the Residential Rehabilitation Program;
WHEREAS, the City Council has taken all testimony into account.
NOW, THEREFORE BE IT HEREBY RESOLVED as follows:
1. That the above recitations are true and correct.
2. That $512,879 in HOME funds from the CDBGIHOME Housing Reserve Fund, are
specifically reallocated to developlconstruct the affordable housing project proposed to be
located at 2578 Roosevelt Street.
3. That up to $472,370 in HOME funds previously allocated by the City Council for use in the
City’s Single Family Rehabilitation Program are reallocated to developlconstruct the
affordable housing project proposed to be located at 2578 Roosevelt Street.
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4. That the City Manger is hereby authorized to execute documents for the acquisition of
property at 2578 Roosevelt Street including the agreement for the use of HOME funds with
the County of San Diego in substantially the form presented as Exhibit 2 to this resolution and
subject to prior approval of the City Attorney.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of
Clarlsbad, California, held on the 17 th day of September, 2002, by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard
NOES: Council Member Hall
ABSENT: Council Member Ku
ABSTAIN None
INE M. WOOD, City Clerk
Page 2 of 2 of Resolution No. 2002-278
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