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HomeMy WebLinkAboutCC RES 07-21 RESOLUTION NO. 07-21 A RESOLUTION OF THE TUSTIN CITY COUNCIL AUTHORIZING THE CITY MANAGER TO APPLY FOR WORKFORCE HOUSING REWARD PROGRAM FUNDS FROM THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR CONSTRUCTION OF VERY LOW AND LOW-INCOME HOUSING UNITS The TUSTIN CITY COUNCIL DOES HEREBY RESOLVE as follows: I. The Tustin City Council finds and determines as follows: A. The State of California has established the Workforce Housing Reward Program (WFH Program) pursuant to Chapter 482 (SDB 423), Statutes of 2002, and funded through Proposition 64. B. The WFH Program is administered by the California Department of Housing and Community Development ("HCD") for the purpose of providing local assistance to cities and counties that provide land use approval to housing developments affordable to very-Iow- and low-income households which are subject to a regulatory agreement recorded against the property that obligates the owner to maintain rents on the restricted units at an affordable level to very-low-or low-income household for at least fifty five (55) years, or for ownership housing units that are initially sold to very-Iow- or low-income households that ensure the repayment of the public funds and reuse of those funds for a period of at least twenty (20) years; C. The WFH Program funds must be used by cities and counties for the construction or acquisition of capital assets that serve to benefit the community including, but not limited to, traffic improvements, neighborhood parks, bike paths, libraries, community centers, and police and fire stations; D. Participating cities and counties must have general housing elements that conform with requirements of Article 10.6 of Chapter 3 of Division I of Title 7 of the Government Code (Government Code 65580 et seq.); and E. The Tustin Community Redevelopment Agency wishes to apply for grant funds through the WFH Program as permitted under the law. NOW, THEREFORE, the City Council of the City of Tustin resolves as follows: 1. Approve the submission of an application to the Department of Housing and Community Development for grant funds pursuant to the Workforce Housing Resolution N"o. 07-21 Page 1 of 2 Reward Program. The City Manager and/or any designee is authorized to submit an application necessary to meet the requirements of the WFH Program and execute WFH Grant Documents as required by the Department for participation in the WFH Program. 2. If the application for funding is approved, the City of Tustin agrees to use the WFH Program funds for eligible activities under the WFH Program. PASSED AND ADOPTED at a regular meeting of the Tustin City Council held on the 6th day of March 2007. ~f/A.{} LOU BONE, Mayor ~~ PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) PAMELA STOKER, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, does hereby certify that the whole number of the members of the City Council of the City of Tustin is 5; that the above and foregoing Resolution No. 07-21 was duly and regularly introduced, passed, and adopted at a regular meeting of the Tustin City Council, held on the 6th day of March, 2007. COUNCILMEMBER AYES: Bone. Amante. Davert. Palmer COUNCILMEMBER NOES: Nonp COUNCILMEMBER ABSTAINED: None COUNCI.LMEMBER ABSENT: Kawashima (4) (0) (0) (1) n / / ""--> PAMELA STOKER t City Clerk Resolution No. 07-21 Page 2 of 2