HomeMy WebLinkAbout22961 RESOLUTION NO. 22961
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AUTHORIZING SUBMITTAL
OF AN APPLICATION TO THE CALIFORNIA STATE
DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR FUNDING UNDER THE HOME
INVESTMENT PARTNERSHIPS PROGRAM; AND IF
SELECTED, THE EXECUTION OF A STANDARD
AGREEMENT, ANY AMENDMENTS THERETO, AND OF
ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE HOME INVESTMENT
PARTNERSHIPS PROGRAM. A6115
WHEREAS, the California Department of Housing and Community Development
(the "Department") is authorized to allocate HOME Investment Partnerships Program
("HOME") funds made available from the U.S. Department of Housing and Urban
Development ("HUD"). HOME funds are to be used for the purposes set forth in Title II
of the Cranston-Gonzalez National Affordable Housing Act of 1990, in federal
implementing regulations set forth in Title 24 of the Code of Federal Regulations, part
92, and in Title 25 of the California Code of Regulations commencing with section 8200;
and
WHEREAS, on June 1, 2011, the Department issued a 2011, Notice of Funding
Availability announcing the availability of funds under the HOME program (the "NOFA");
and
WHEREAS, PS Housing Investors, LP, a California Limited Partnership
comprised of Global Premier Development, Inc. and The Pate Foundation, requested
the City support a HOME grant application of up to one million five hundred fifty
thousand dollars ($1,550,000) to supplement or supplant a portion of the City of Palm
Springs Community Redevelopment Agency's commitment of one million, five hundred
thousand dollars($1,500,000) in Housing Set-Aside funds for the 23-unit multi-family
housing project known as Sunset Palms Apartments, 22 units of which are to be
affordable to low- and very low-income residents; and
WHEREAS, in response to the 2011 NOFA, the City of Palm Springs, a
California Charter City, (the "Applicant") wishes to apply to the Department for, and
receive allocation of, HOME funds in support of the Sunset Palms Apartments project.
NOW, THEREFORE, be it resolved that the City Council of the City of Palm Springs
supports the following;
SECTION 1. In response to the 2011 NOFA, the Applicant shall submit an application
to the Department to participate in the HOME program for an allocation of
funds not to exceed one million five hundred fifty thousand dollars
($1,550,000) for the rehabilitation of a 23-unit multi-family rental complex
with 22 of the units affordable to low- and very low-income residents,
located in the City of Palm Springs.
Resolution No. 22961
Page 2
SECTION 2. If the application for funding is approved, then the Applicant hereby agrees
to use the HOME funds for eligible activities in the manner presented in its
application as approved by the Department in accordance with the
statutes and regulations cited above. The Applicant may also execute a
standard agreement, any amendments thereto, and any and all other
documents or instruments necessary or required by the Department or
HUD for participation in the HOME program (collectively, "the required
documents").
SECTION 3. The City Council of the City of Palm Springs authorizes the City Manager
or his designee to execute, in the name of the applicant, the required
documents.
ADOPTED THIS 15"' day of June, 2011.
David H. Read anager
ATTEST:
ames Thompson, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 22961 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 the 15"' day of June, 2011, by
the following vote:
AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills,
Mayor Pro Tern Weigel, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk /�lZol
City of Palm Springs, California