HomeMy WebLinkAbout1988-06-07; Housing & Redevelopment Commission; Resolution 10811 0 e
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RESOLUTION NO. 108
A RESOLUTION OF THE: HOUSING AND REDEVELOPMENT COMMI
OF THE CITY OF CARLSBAD, CALIFORNIA, GRANTING FUNDL
THE SOLAMAR MOBILEHOME PARK HOMEOWNERS ASSOCIATION
THE CONVERSION OF NINE RESIDENT LOTS TO SELF-OWNERE
5 WHEREAS, the City Council of the City of Carlsbad,
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very low-income residents therein) ; and * Solamar Mobilehome Park Homeowners Association (i.e. the ' California, on May 24, 1988, considered the needs of the
9 WHEREAS, the City Manager and staff were directed t
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$148,000 to the aforementioned residents. X'
bring forth enabling documents to facilitate the loan of
12 NOW, THEREFORE, BE IT RESOLVED, that the funding fo
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aside Housing Fund is hereby approved. l4
said conversion in the amount of $148,000 for the 20% se'
directed to accomplish the fund transfer in the form of 16'
BE IT FURTHER RESOLVED, that the City Manager is he, 15
I'i' 11 deferred loan in terms comparable to the loans made to
l8 1 Solamar by the County of San Diego.
19 I PASSED, APPROVED, AND ADOPTED, at a special meeting
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the Housing and Redevelopment Commission of the City of
NOES: None 24
AYES: Commissioners Lewis, Kulchin, Pettine, Mamaux and Larsc 23
the following vote, to wit: 22
Carlsbad, California, held on the 7 th day of June, 1988
25 ABSENT : None
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ABSTAIN : None
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ATTEST: (5zGZdd@& ,41,ETM L. RAUTENKRANZ, City Clfrk
(Seal)