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HomeMy WebLinkAbout23-City Administrator ~ . , CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION From: Fred Wilson 0....' L i; l. >,,_.' ..".. Subject: Resolution of the Mayor and Common Council of the City of San Bernardino in support of Proposition 46 - The Housing and Emergency Shelter Trust Fund Act. MICC Meeting Date: Dept: City Administrator Date: October 7,2002 Synopsis of Previous Council Action: October 10, 2002 Legislative Review Committee recommended approval of this item. Recommended motion: Adopt Resolution. f!J~"" Contact person: Fred Wilson Phone: 5122 Supporting data attached: Yes Ward: FUNDING REQUIREMENTS: Amount: None Source: (Accl. No.) (Accl. Description) Finance: Council Notes: .~ -:f.!... 2C::::l?.. - ~ 4 c_ Agenda Item No. .;t3 /D 1)./1 OJ-. .., , . CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION STAFF REPORT Subject: Resolution of the Mayor and Common Council of the City of San Bernardino in support of Proposition 46, the Housing and Emergency Shelter Trust Fund Act. Background: Proposition 46 provides a means to address California's crucial need for affordable housing, and promotion of home ownership. Housing construction must increase significantly to meet the demands of a growing population in the state. The biggest gap in production is in affordable housing for lower income working families. As a result: . Over 360,000 Californians are homeless, according to the Department of Housing and Community Development. . Only 29% of all Californians can afford the median priced home in the state, compared to 55% nationally. The Housing and Emergency Shelter Trust Fund Act will finance $2.1 billion in affordable housing construction through a state bond: . $910 million for rental housing for low-income seniors, disabled persons, and families with children. . $495 million for homeownership programs, including sweat equity housing and down payment assistance for low and moderate-income families. . $390 million for emergency shelters and permanent housing with support services for homeless seniors, battered women, mentally ill people and veterans. . $200 million for farm worker housing (rental and ownership). . $100 million to develop housing near jobs to reduce traffic congestion. . $5 million for local code enforcement to revitalize neighborhoods. Specifically, this measure will address California's housing crisis by creating up to 27,750 permanently-affordable rental units and by enabling more than 65,000 California families to purchase their own homes. Further, housing assistance will be provided for 12,000 to 24,000 farm worker families, and 20 million shelter bed days will be made available for homeless people. Passage of Measure 46 will not mandate construction of rental housing or low-income housing. The measure will provide competitive grant funds for interested communities. Although the City of San Bernardino currently has an ample supply of affordable housing, there is a need to promote homeownership in order to reduce the proportion of rental housing. The down payment assistance for low and moderate-income families will be a potential benefit to City residents. Funds in the amount of $117.5 million have been earmarked for deferred low- interest loans up to three percent of home purchase price for first-time low- and moderate- income homebuyers. . , . This measure is being supported by the League of California Cities and a number of local governments, non-profit groups, business organizations, etc, (see Supporters List, Attachment "A"). Financial Impact: None Recommendation: Adopt resolution. it' , - e e 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 \"- RESOLcTioN NO. -",,\\ / \( U RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO IN SUPPORT OF PROPOSITION 46 - THE HOUSING AND EMERGENCY SHELTER TRUST FUND ACT. Whereas, approximately 220,000 housing units need to be produced in California each year to meet the demand; and Whereas, while the national homeownership rate has reached a record high, California is about 10 percent below the national average (67.8 percent) and ranks 48th in the nation; and Whereas, over one-third of all renter families statewide pay over half of their incomes in rent; over one-half of all low-income renter families pay over half of their income in rent; and almost three out of every four very low-income renter families pay over half of their incomes in rent; and Whereas, the Department of Housing and Community Development estimates that there are over 360,000 homeless individuals in California, and other data discloses that one- third of the homeless population, and the segment increasing most rapidly are families with children; and Whereas, there is an urgent need to provide affordable housing in other areas of the state to meet the increasingly unfulfilled housing needs of the state; and Whereas, there is a need to help implement local housing programs such as those for homeownership, emergency shelters, development of housing near jobs to reduce traffic congestion and local code enforcement to revitalize neighborhoods by providing sufficient financial resources to do so over a reasonable period of time. NOW, THEREFORE, BE IT RESOLVED, that the Mayor and Common Council of the City of San Bernardino support the passage of the Housing and Emergency Shelter Trust Fund Act of2002 - Proposition 46 on November 5, 2002 statewide ballot. III III III III III , III III Yea. .M I~~I ~~ t - 1 2 3 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO IN SUPPORT OF PROPOSITION 46 - THE HOUSING AND EMERGENCY SHELTER TRUST FUND ACT. 4 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor e e 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 and Common Council of the City of San Bernardino at a meeting thereof, held on the _ day of , 2002, by the following vote, to wit: Council Members: AYES NAYS ESTRADA LIEN MC GINNIS DERRY SUAREZ ANDERSON MCCAMMACK The foregoing resolution is hereby approved this Approved as to Form and legal content: JAMES F. PENMAN, . . ~ City A~orn By: ABSTAIN ABSENT City Clerk day of ,2002 Judith Valles, Mayor City of San Bernardino .' e e e July 11,2002 !lr/ACfll( EAJr A- I Housing & Emergcncy Shcltcr Trust Fund Act of 2002 Supporters List Women's Orl!:anizations ,/ Association to Aid Victims of Domestic Violence ,/ Statewide California Coalition for Battered Women ,/ A Safe Place ,/ Asian Pacific Women's Center, Inc. ,/ YWCA of San Gabriel VAlley Senior Orl!:anizations ,/ Congress of California Seniors ,/ Gray Panthers Business Orl!:anizations ,/ California Apartment Association ,/ California Building Industry Association ,/ California Business Roundtable ,/ California Council for Environmental and Economic Balance ,/ San Diego Regional Economic Development Corporation ,/ Silicon Valley Manufacturing Group ,/ Wine Institute Law Enforcement ,/ California State Sheriffs Association Labor Unions ,/ AFSCME ,/ California Conference of Carpenters ,/ California State Council of Laborers ,/ State Building and Construction Trades Council NonDrofit Housinl!: Orl!:anizations ,/ Affordable Housing Collaborative ,/ California Coalition for Rural Housing ,/ California Rural Legal Assistance Foundation ,/ Ecumenical Association for Housing ,/ Friends of the Homeless ,/ Housing for Independent People ,/ Housing California ,/ Marin Continuum of Housing Services ,/ National Housing Development Corporation ,/ Non-Profit Housing Association of North em California ,/ Pacific Housing ,/ San Diego Housing Federation .' e e e July 11,2002 ./ Southern California Association of Nonprofit Housing ./ The Marin Housing Council ./ Western Center on Law and Poverty Local Government ./ League of California Cities ./ California Redevelopment Association ./ California State Association of Counties ./ City of Los Angeles ./ City of Long Beach ./ City of Morgan Hill ./ City of Oakland ./ City of Sacramento ./ City of Santa Rosa ./ Contra Costa County ./ County of Orange ./ Santa Clara County ./ Santa Cruz County Education Leaders ./ California Teachers Association ./ Board of Trustees of the California State University Youth Orl!anizations ./ California Coalition for Youth ./ Santa Barbara County KIDS NETWORK Other Orl!anizations ./ League of Women Voters ./ Planning and Conservation League Board of Directors ./ Asian Law Alliance ./ California Church IMP ACT ./ California Mental Health Planning Council ./ Catholic Charities ./ Homeward Bound of Marin County ./ Jericho ./ National Multiple Sclerosis Society- CA Action Network Cllliforma UttlClaI voter Inrormauon UUlae rtl~'l; 1 Ul Vote America * Secretary of State Home * Elections Home * Feedback * Find Your Polling Place CALIFORNIA _ *. OFFICIAL VOTER * _INFORMATION GUIDE GENERAL ELECTION DAn Tuesday, November 5,2002 PROPOSITIONS * (ANDIDATES '* POlITICAL PARTIES .. VDTERINFORf\1ATION * HOt-IE . CAliFORNIA SECIlETAItY Of STATE PROP 46 Housing and Emergency Shelter Trust Fund Act of 2002. ::::I PHOP 46 Official Title and Summary TEXT OF PROPOSED LAW Analysis This law proposed by Senate Bill 1227 of the 2001-2002 Regular Session (Chapter 26, Statutes of 2002) is submitted to the people in accordance with the provisions of Article XVI of the California Constitution. Arguments and Rebuttals .. Text of Proposed Law This proposed law adds sections to the Health and Safety Code; therefore, new provisions proposed to be added are printed in Italic type to indicate that they are new. PROP 47 PROP 48 PROPOSED LAW PROP 50 SEC. 8. Part 11 (commencing with Section 53500) is added to Division 31 of the Health and Safety Code, to read: PROP 49 PROP 52 PART 11. HOUSlNG AND EMERGENCY SHELTER TRUST FUND ACT OF 2002 CHAPTER 1. GENERAL PROVIS10NS PROP 51 e 53500. This part shall be known and may be cited as the Housing and Emergency Shelter Trust Fund Act of 2002. 53501. As used In this part, the following terms have the following meanings: (a) "Committee'" means the Housing Finance Committee created pursuant Section 53524. (b) "Fund" means the Housing and Emergency Shelter Trust Fund created pursuant to Section 53520. CHAPTER 2. HOUSING AND EMERGENCY SHELTER TRUST FUND 53520. The proceedS of bonds issued and sold pursuant to this part shall be deposited in the Housing and Emergency Shelter Trust Fund, which is hereby created. Money In the fund shall be allocated and utilized In accordance with Chapter 4 (commencing with Section 53533). CHAPTER 3. FISCAL PROVISIONS e 53521. Bonds In the total amount of two billion one hundred million dollars ($2,100,000,000) exclusive of refunding bonds, or $0 much thereof as is determined necessary and feasible by the committee In order to effectuate this part or to conduct an effective sa/e, may be issued and sold to proVide a fund to be used for carrying out the purposes expressed in this part and to be used to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. The bonds shall, when sold, be and constitute a valid legally and binding obligation of the state, and the full faith and credit of the state Is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable. 53522. Any bonds Issued and sold pursuant to this part may be refunded by the issuance of refunding bohds in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code. Approval by the electors of the state for the issuance of bonds described in this chapter shall include the approval of the issuance of any bonds issued to refund any bonds originally issued or any previously Issued refunding bonds. 53523. (a) The bonds author/zed by this part shall be prepared, executed, Issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code) and all of the other provisions of that law apply to the bonds and to this part and are hereby incorporated in this part as though set forth In full In this part. (b) Pursuant to the State General Obligation Bond Law, the cost of bood issuance shall be http://voterguide.ss.ca.gov/propositions2.asp?id=224&sID=4 10/09/200 California Official Voter Information Guide Page 2 of e paid out of the bond proceeds. These costs shall be shared proportionally by each program funded through this chapter. 53524. (a) Solely for the purpose of author/zing the Issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this part, the Housing Finance Committee is hereby created. For purposes of this part, the Housing Finance Committee ist'he committee" as that term is used In the State General Obligation Bond Law. The committee consists of the Controller, the Treasurer, the Director of Finance, the Secretary of the Business, Transportation and Housing Agency, the Director of Housing and Community Development, and the Executive Director of the California Housing Finance Agency, or their designated representatives. The Treasurer shall serve as the chairperson of the committee. A majority of the committee may act for the committee. (b) For purposes of the State General Obligation Bond Law, the department is designated the "board' for programs administered by the department, and the agency is the'board' for programs administered by the agency. 53525. Upon request of the board stating that funds are needed for the purposes of this chapter, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this part In oreler to carry out the actions specified in Chapter 4 (commendng with Section 53533) and, If so, the amount of bonds to be Issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at anyone time. 53526. There shall be collected each year and in the same manner and at the same time as other state revenue is collected, In addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and Interest on, the bonds each year, and It is the duty of all officers charged by law with any duty In regard to the collection of the revenue to do and perform each and every act that is necessary to collect that additional sum. 53527. Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund, for the purposes of this part, an 'amount that wiJi equal the total of the following: (a) The sum annually necessary to pay the principal of, and Interest on, bonds issued and sold pursuant to this part, as the principal and Interest become due and payable. (b) The sum necessary to carry out the provisions of Section 53528, appropriated without regard to fiscal years. 53528. For the purposes of carrying out this part, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been author/zed by the committee to be sold for the purpose of carrying out this part. Any amounts withdrawn shall be deposited in the fund. Any money made available under this section shall be returned to the General Fund from money received from the sale of bonds for the purpose of carrying out this part. 53529. Notwithstanding any other provision of this part, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this part that Include a bond counsel opinion to the effect that the Interest on the bonds IS exciuded from gross income for federal tax purposes under designated conditions, the Treasurer may maintain separate accounts for the bond proceeds invested and the Investment earnings on those proceeds, and may use or direct the use of those proceeds or earnings to pay any rebate, penalty, or other payment required under federal law, or take any other action with respect to the Investment and use of those bond proceeds, as may be required or desirable under federal law In order to maintain the tax exempt status of those bonds and to obtain any other advantage under federal law on behaff of the funds of this state. 53530. The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, In accordance with Section 16312 of the Government Code, for the purposes of carrying out this part. The amount of the request shall not exceed the amount of unsold bonds that the committee has by resolution authorized to be sold for the purpose of carrying out this part. The board shall execute any documents that are required by the Pooled Money Investment Board to obtain and repay the loan. Any amounts loaned shall be deposited In the fund to be allocated by the board in accordance with this part. 53531. All money deposited in the fund that is derived from premiums and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond Interest. 53532. The Legislature hereby finds and declares that, Inasmuch as the proceedS from the sale of bonds author/zed by this part are not '/Jroceeds of taxes'" as that term is used In Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article. e CHAPTER 4. ALLOCATION OF HOUSING BOND REVENUES e 53533. (a) Money deposited In the fund from the sale of bonds pursuant to this part shall be allocated for expenditure In accordance with the following schedule: (1) Nine hundred ten million dollars ($910,000,000) shall be transferred to the Housing Rehabilitation Loan Fund to be expended for the Multifamily Housing Program author/zed by Chapter 6.7 (commencing with Section 50675) of Part 2, except for the following: (A) Filty million dollars ($50,000,000) shall be transferred to the Preservation Opportunity Fund and, notwithstanding Section 13340 of the Government Code, Is continuously appropriated without regard to fiscal years for the preservation of atrlsk housing pursuant to enabling legislation. http://voterguide.ss.ca.gov/propositions2.asp?id=224&sID=4 10/09/200 California Official Voter Information Guide age 3 of e (B) Twenty million dollars ($20,000,000) shall be used for nonresidential space for supportive services, including, but not limited to, job training, health services, and child care within, or immediately proximate to, projects to be funded under the Multifamily Housing Program. This funding shall be in addition to any applicable pertmlt or project loan limits and may be in the form of a grant. Service providers shall ensure that services are available to project residents on a priority basis over the general public. (C) Twenty.flve mil/Ion dollars ($25,000,000) shall be used for matching grants to local housing trust funds pursuant to enabling legislation. (D) Fifteen mllilon dollars ($15,000,000) shall be used for student housing through the Multifamily Housing Program, subject to the following provisions: (I) The department shall give first priority for projects on land owned by a University of California or California State University campus. Second priority shall be given to projects located within one mile of a University of California or California State University campus that is suffering from a severe shortage of housing and limited availability of developable land as determined by the department. Those determinations shall be set forth in the Notice of Funding Availability and shall not be subject to the requirements of Chapter 3.5 (commencing with Section 11340) of Part 1 of Title 2 of the Government Code. (ii) All funds shall be matched on a one-to-one basis from private sources or by the University of California or California State University. For the purposes of this subparagraph, 'Unlversity of California 'Includes the Hastings College of the Law. (iii) Occupancy for the units shall be restricted to students enrolled on a full.time basis in the University of California or California State University. (iv) Income eligibility pursuant to the Multifamily Housing Program shall be established by verification of the combined income of the student and his or her family. (v) Any funds not used for this purpose within 24 months of the date that the funds are made available shall be awarded pursuant to subdivision (a) for the Downtown Rebound Program as set forth in paragraph (1) of subdivision (c) of Section 50898.2. (E) Any funds not encumbered for the purposes set forth in this paragraph, except subparagraph (D), within 30 months of availability shall revert to the Housing Rehabilitation Loan Fund created by Section 50661 for general use In the Multifamily Housing Program. (F) If the enabling legislation for any program specified in this paragraph falls to be enacted into law in the 2001-02 Regular Session of the Legislature, the specified allocation forthat program shall be void and the funds shall revert for general use In the Multifamily HOUSing Program. (2) One hundred ninet}^five million dollars ($195,000,000) shall be transferred to the Emergency Housing and Assistance Fund to be expended for the Emergency Housing and Assistance Program authorized by Chapter 11.S (commencing with Section S0800) of Part 2. (3) One hundred nlnet}^five m/lllon dollars ($195,000,000) shall be transferred to the Housing Rehabilitation Loan Fund to be expended for the Multifamily Housing Program authorized by Chapter 6.7 (commencing with Section 50675) of Part 2, to be used for supportive housing projects for Individuals and households movIng from emergency shelters or transitional housing or those at risk of homelessness. The criteria for selecting projects should give priority to supportive housing for people with disabilities who would otherwise be at high risk of homelessness where the applications represent collaboration with programs that meet the needs of the persoB disabilities. The department may provide for higher per-unit loan Jimits as reasonably necessary to provide and maintain rents affordable to those Individuals and households. For purposes of this paragraph, "supportive houslngMmeans housing with no limit on length of stay, that Is occupied by the target population, as defined in subdivision (d) of Section 53260, and that is /inked to onsite or offslte services that assist the tenant to retain the housing, improve his or her health status, maximize his or her ability to live, and, when possible, work In the community. (4) Two hundred million dollars ($200,000,000) shall be transferred to the Joe Serna, Jr. Farmworker Housing Grant Fund to be expended for farmworker housing programs authorized by Chapter 3.2 (commencing with Section 50517.S) of Part 2, except for the following: (A) Twenty-/;ve million dollars ($25,000,000) shall be used for projects that seNe migflltory agricultural workers as defined In subdivision (I) of Section 7602 of Title 2S of the California Code of Regulations. (B) Twenty million dollars ($20,000,000) shall be used for developments that also provide health services to the residents. Recipients of these funds shall be required to provide ongoing monitoring of funded developments to ensure compliance with the requirements of the Joe Serna, Jr. Farmworker Housing Grant Program. Projects receiving funds through this allocation shall be ineligible for funding through the Joe Serna, Jr. Farmworker Housing Grant Program. (C) Any funds not encumbered for the purposes set forth In this paragraph within 30 months of availability shall revert for general use In the Joe Serna, Jr. Farmworker Housing Grant Program. (5) Two hundred five million dollars ($205,000,000) shall be transferred to the SelHelp Housing Fund. Not;vlthstandlng Section 13340 of the Government Code and Section 50697.1, these funds are hereby continuously appropriated without regard to fiscal years to the department to be expended for the purposes of the CalHome Program authorized by Chapter 6 (commendng with Section 506S0) of Part 2, except for the following: (A) Sevent}^-five million dollars ($75,000,000) shall be transferred to the Building Equity and Growth In Neighborhoods Fund to be used for the Building Equity and Growth in Neighborhoods (BEGIN) Program pursuant to enabling legislation. (B) Five million dollars ($5,000,000) shall be used to proVide grants to cities, counties, cities and counties, and nonprofit organizations to provide grants for lower Income tenants with disabilities for the purpose of making exterior modifications to rental housing In order to make that e e http://voterguide.ss.ca.gov/propositions2.asp?id=224&sID=4 10/091200 California Official Voter Information Guide age 4 of .' e housing access/ble to persons with disabilities. For the purposes o.f this subparagraph, exterior modifications" Indudes modifications that are made to' entryways or to' common areas af the structure or property. The program provided for under this subparagraph shall not be subject to the requirements of Chapter 3.5 (commendng with Section 11340) of Part 1 of TItle 2 of the Government Code. (C) Ten million dollars ($10,000,000) shall be expended for construction management under the California Se/~Help Housing Program pursuant to subdivision (b) of Section 50696. (D) Any funds not encumbered for the purposes set forth in this paragraph within 30 months af availability shall revert for general use In the GaIHome Program. (E) If the enabling legislation for any program specified in this paragraph fails to be enacted into. law in the 2001..02 Regular Session of the Legislature, the spedfied allocation for that program shall be void and the funds shall revert for general use In the CalHome Program. (6) Ave million dollars ($5,000,000) shall be transferred to the Housing Rehabilitation Loan Fund to. be expended for capital expenditures in support af local code enforcement and compliance programs. This allocation shall not be subject to. the requirements of Chapter 3.5 (commencing with Section 11340) of Part 1 of TItle 2 of the Government Code. If the moneys allocated pursuant to. this paragraph are not expended within three years after being transferred, the department may, in its discretion, transfer the moneys to the Housing Rehabilitation Loan Fund to be expended for the Multifamily Housing Program. (7) Two hundred ninety million dollars ($290,000,000) shall be transferred to the SelHelp Housing Fund. Notwithstanding Section 50697.1, these funds are hereby continuously appropriated to the agency to be expended for the purposes of the California Homebuyffs Downpayment Assistance Program authorized by Chapter 11 (commendng with Section 515.00) of Part 3, except for the following: . (A) Afty mi/llon dollars ($50,000,000) shall be transferred to the School Facilities Fee Assistance Fund as provided by subdivision (a) of Section 51453 to be used for the Homebuyer Down Payment Assistance Program of 2002 established by Section 51451.5. (8) Eighty-five million dollars ($85,000,000) shall be transferred to the California Housing Loan Insurance Fund to be used for purposes of Part 4 (commencing with Section 51600). (C) Twelve million five hundred thousand dollars ($12,500,000) shall be reserved for downpayment assistance to low-income first-time homebuyers who, as documented to the agency by a nonprofit organization certified and funded to proVide homeownership counseling by a federally funded national nonprofit corporation, is purchasing a residence in a community revitalization area targeted by the nonprofit organization and who has received homeownership counseling from the nonprofit organization. (D) Twenty-live million dollars ($25,000,000) shall be used for downpayment assistance pursuant to Section 51505. After 18 months of availability, if the agency determines that the funds set aside pursuant to this section will not be utilized for purposes of Section 51505, these funds shall be available for the general use of the agency for the purposes of the California Homebuyer's Down Payment Assistance Program, but may also continue to be available for the purposes of Section 51505. (E) Funds not utilized for the purposes set forth In subparagraphs (8) and (C) within 30 months shall revert for general use In the California Homebuye6 Down Payment Assistance Program. (8) One hundred ml/llon dollars ($100,000,000) shall be transferred to the Jobs Housing Improvement Account to be expended as capital grants to local governments for increasing housing pursuant to enabling legislation. If the enabJing legislation falls to become law in the 2001-02 Regular Session of the Legislature, the spedfied allocation for this program shall be void and the funds shall revert for general use in the Multifamily Housing Program as specified In paragraph (1) of subdivision (a). (b) No portion of the money allocated pursuant to this section may be expended for project operating costs, except that this section does not preclude expenditures for operating costs from reserves required to be maintained by or on behalf of the project sponsor. (e) The Legislature may, from time to time, amend the provisions of law related to programs to which funds are, or have been, allocated pursuant to this section for the purpose of Improving the efficiency and effectiveness of the program, or for the purpose of furthering the goals of the program. (d) The Bureau of State Audits shall conduct periodic audits to ensure that bond proceeds are awarded In a timely fashion and in a manner consistent with the requirements of this part, and that awardees of bond proceeds are using funds In compliance with applicable provisions of this part. e e http://voterguide.ss.ca.gov/propositions2.asp?id=224&sID=4 10/09/200 v . . ** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT ** RESOLUTION AGENDA ITEM TRACKING FORM Meeting Date (Date Adopted): 1 O~ZA-O) Item # Vote: Ayes 1 "'-,-') Nays &-- I Change to motion to amend original documents: (.3 Resolution # ?mz.'342-- Abstain c:J- Absent::2-.> Reso. # On Attachments: V Contract tenn: -- Note on Resolution of Attachment stored separately: ~ Direct City Clerk to (circle I): PUBLISH, POST, RECORD W/COUNTY Date Sent to Mayor: I C:rZ-?->07 Date of Mayor's Signature: 10-2.3-09 Date of Clerk/CDC Signature: \ 0 . ;;;lA-a ::r Date Me o/Letter Sent for Signature: 60 Day Reminder Letter Sent on 30th day: 90 Day Reminder Letter Sent on 45th day: See Attached: 0, Attached: See Attached: Request for Council Action & Staff Report Attached: Updated Prior Resolutions (Other Than Below): Updated CITY Personnel Folders (6413, 6429, 6433,10584,10585,12634): Updated CDC Personnel Folders (5557): Updated Traffic Folders (3985, 8234, 655, 92-389): Copies Distributed to: City Attorney / Code Compliance Dev. Services Parks & Rec. Police Public Services Water Notes: NullNoid After: - By: - Reso. Log Updated: Seal Impressed: / ~ Date Returned: Yes ,/ No By Yes No ,/ By - Yes No V By ~ Yes No 0/ BL I-- N07 Yes By --- EDA Finance Others: f><{)(J\ (,..., . MIS BEFORE FILING, REVIEW FORM TO ENSURE ANY NOTATIONS MADE HERE ARE TRANSFERRED TO THE YEARLY RESOLUTION CHRONOLOGICAL LOG FOR FUTURE REFERENCE (Contract Term, etc.) Ready to File: m1 Date: IOp!;'js:t;;r Revised 01/12/01