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HomeMy WebLinkAbout25172RESOLUTION NO. 25172 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING JOINT APPLICATION TO AND PARTICIPATION IN THE HOMEKEY 2 PROGRAM AMENDING RESOLUTION NO. 24969 THE CITY COUNCIL OF THE CITY PALM SPRINGS DOES HEREBY FIND AS FOLLOWS: A. The Department of Housing and Community Development ("Department') -has issued a Notice of Funding Availability, dated September 9, 2021 ("NOFA"), for the Homekey Program ("Homekey" or "Program"). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assem. Bill No. 140 (2021- �� . 2022 Reg. Sess.), § 20.). , B. The City of Palm Springs ("Co -Applicant") desires to jointly apply for Homekey grant funds with the County of Riverside ("Corporation"). Therefore, Co -Applicant is joining Corporation in the submittal of an application for Homekey funds ("Application") to the Department for review and consideration. C. The Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code). Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department -approved STD 213, Standard Agreement ("Standard Agreement'), and all other legal requirements of the Homekey, Program. THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE THAT RESOLUTION NO. 24969 IS AMENDED AS FOLLOWS: 1. Co -Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $50,000,000. 2.- If the Application is approved, Co -Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $50,000,000, any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the "Homekey Documents"). Resolution No. 25172 Page 2 3. Co -Applicant acknowledges and agrees that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and ' Application will be incorporated in the Standard Agreement by reference and made a part thereof. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement. 4. The Palm Springs City Manager, Interim City Manager, Assistant City Manager, Deputy City Manager, or a designee of the City Manager, Interim City Manager, Assistant City Manager, Deputy City Manager, is authorized to execute the Application and the Homekey Documents on behalf of Co - Applicant for participation in the Homekey Program. PASSED, APPROVED AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL THIS 29TH DAY OF SEPTEMBER 2022 Scott C. Stiles, City Manager ATTEST: 3�4 for Brenda Pree, City Clerk 1 Resolution No. 25172 Page 3 1 1 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) CITY OF PALM SPRINGS) CERTIFICATION ss. I, Brenda Pree, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 25172 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on September 29, 2022, by the following vote: AYES: Councilmembers Kors, Woods, Mayor Pro Tern Garner and Mayor Middleton NOES: ABSENT: Councilmember Holstege ABSTAIN: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Springs, California, this ?, I s+ day of pece_mb-e?r , Z6,12-3 Brenda Pree, MMC, CERA, City Clerk, City of Palm Springs, California