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HomeMy WebLinkAbout2009-384 (NOTE: COMPANION RESOLUTION CDC/2009-68) 1 2 3 RESOLUTION NO. 2009-384 4 5 6 7 8 9 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO APPROVING THE REALLOCATION OF FUNDING AMONG NEIGHBORHOOD STABILIZATION PROGRAM ACTIVITIES 10 Stabilization Program ("NSP") administered by the United States Department of Housing and Urban WHEREAS, on November 17, 2008, the Mayor and Common Council of the City of San ernardino ("Council") and the Community Development Commission of the City of San ernardino ("Commission") approved the proposal of the Redevelopment Agency of the City of San ernardino ("Agency") for the use of approximately $8.4 million in funding from the Neighborhood evelopment ("HUD"); and 11 12 WHEREAS, the Agency's proposal called for the provision of the following NSP program 13 activities plus an administrative line item: (1) Acquisition, Rehabilitation and Resale of single- 14 family residences ($3,700,000); (2) Acquisition and Demolition for future redevelopment, herein 15 referred to as the "Demolition Program" ($920,000) ; (3) Down Payment Assistance ($920,000); (4) 16 Housing Opportunities for Households at or below 50% of AMI, herein referred to as the 17 "Rehabilitation and Rental Program" ($2,100,000); and (5) Administration ($768,558); and 18 WHEREAS, on July 20, 2009, the Council and the Commission authorized the Agency to 19 proceed with all four of the approved NSP program activities; and 20 WHEREAS, the Agency's experience implementing the NSP program activities thus far, has 21 demonstrated that there is little or no need in the community for the Agency's NSP Down Payment 22 Assistance component due to depressed housing market conditions; and 23 WHEREAS, the Agency has experienced significant success in executing the Rehabilitation 24 and Rental Program to date and further funding is needed for the continuation of this program; and 25 WHEREAS, the Agency has also been successful in implementing the Demolition Program 26 to date, and a need for further funding of this program is required in order to continue offering the 27 program; and 28 WHEREAS, the U.S. Department of Housing and Urban Development ("HUD") has 2009-384 1 concurred that the Public Notice published by the Agency on December 6, 2009, informing the 2 public of the re-allocation of NSP funds as proposed in this Resolution, satisfies HUD noticing 3 requirements, provided that the Agency does not exceed the revised NSP funding levels stated in the 4 Public Notice; and 5 WHEREAS, the Agency has determined that the continuation of the Demolition Program 6 and the Rehabilitation and Rental Program are in the vital and best interests of the City and the 7 Agency. 8 NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND ORDERED BY 9 THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, AS 10 FOLLOWS: 11 Section 1. The Council hereby finds and determines that the facts and circumstances set 12 forth in the Recitals hereof are true and correct in all respects. 13 Section 2. The Mayor and Common Council of the City of San Bernardino ("Council") 14 hereby approves the reallocation of $520,000 in NSP Down Payment Assistance funds to the 15 Rehabilitation and Rental Program, and the reallocation of the remaining $400,000 in NSP Down 16 Payment Assistance funds to the Demolition Program. 17 Section 3. This Resolution shall take effect upon its adoption and execution in the manner 18 as required by the City Charter. 19 /II 20 /II 21 /II 22 /II 23 1/1 24 /1/ 25 11/ 26 /II 27 1/1 28 /II 2009-384 1 2 3 4 5 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO APPROVING THE REALLOCATION OF FUNDING AMONG NEIGHBORHOOD STABILIZATION PROGRAM ACTIVITIES I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a ioint regular meeting thereof, 6 held on the 21st day of December , 2009, by the following vote to wit: 7 Council Members: Aves Navs Abstain Absent 8 ESTRADA x 9 BAXTER -..lL 10 BRINKER x 11 SHORETT x - 12 KELLEY x 13 JOHNSON -1L 14 MC CAMMACK x 15 a.~~. ~,,~ Racher'G. Clark, City Clerk 17 __.L 18 The foregoing Resolution is hereby approved this ~day of December 16 19 20 21 22 23 24 25 26 27 28 ,2009. By: