HomeMy WebLinkAboutResolution No. 8963RESOLUTION NO. 8963
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA AUTHORISING THE SUBMITTAL OF AN
APPLICATION FOR FUNDINGo TH8 EXECUTION OF A
STANDARD AGREEMENT AND ANY AMENDMENTS
THERETO, AND ANY RELATED DOCUMENTS NECESSARY
TO PARTICIPATE IN THE CALIFORNIA HOUSING
REHABILITATION PROGRAM FOR OWNER -OCCUPIED
HOUSING AND SECURE A COMMITMENT OF FUNDS FROM
THE CALIFORNIA DEPARTMENT OF HOUSING AND
COHNUNITY DEVELOPMENT.
WHEREAS, the City of Azusa, a Public Body, corporate and
politic, organized and operate under the Constitution and laws of
the State of California (hereinafter "Agency") wishes to receive
a commitment of funds and participate in the California Housing
Rehabilitation Program. for Owner -occupied Housing (hereinafter
referred to as "CHRP-O").
WHEREAS,. the California Department of Housing and Community
Development (hereinafter referred to as the ."department") is
authorized to make funds available for deferred payment loans for
the purpose of financing housing rehabilitation and has issued a
Notice of Funding Availability under CHRP-o.
WHEREAS, The Agency wishes to obtain from the department;•,a
commitment of funds for the purpose of providing deferred payment
loans to finance housing rehabilitation costs for eligible
borrowers under a local housing rehabilitation program.
NOW, THEREFORE, the City Council of the City of Azusa does
hereby resolve as follows:
SECTION IL The City shall submit, to the department an
application for participation in CHRP-0 and to request a
commitment of funds for the purpose of providing deferred payment
loans to finance housing rehabilitation costs for. eligible,
borrowers under'a local housing rehabilitation program located in
the City of Azusa.
SECTION 2: If the application is approved, the City is
hereby authorized to enter into a standard agreement with the
Department for the purposes set forth in the application and
approved by .the department. It also may execute other
instruments necessary or required .by the department for
participation in CHRP-O.
SECTION 3: The City is further authorized to request
amendments, including increases in fund commitments up to the
maximum amounts approved by the department and to execute any and
all documents required by the department to evidence and secure
these amendments.
SECTION 4: The City authorizes the City Administratorto
execute in the name of the City, the application, the standard
agreement, and other_ documents necessary or required by the
department for the participation in the CHRP-O, and any
amendments thereto.
SECTION 5t' The City Clerk shall certify_ the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED THIS, 19TH DAY OF
NOVEMBER , 1990
Mayor _
I HEREBY _CERTIFY. .that the foregoing Resolution was duly
adopted by the City Council of the City of Azusa, at a regular
meeting thereof, held on the 19th day of November ,
1990 by the following vote of the Council:
AYES: CO,UNCILMEMBERS. DM=S, S'DWCHr NUWUO, ALEDWER, MOSES
NOES: COUNCILMEMBERS:N=
ABSENT: COUNCILMEMBERS: NCNE
City Clerk/Depu Clerk