HomeMy WebLinkAboutCC RES 91-114 RESOLUTION N0. 91- 114
A RESOLUTION OF TNE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA. AUTHORIZING THE SUBMITTAL OF A lOAN
APPLICATION, THE EXECUT[ON OF A STANDARD AGREEMENT AND ANY
AMENDMENTS THERETO, AND ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE MOBILEHOME PARK RESIDENT OMNERSHIP PROGRAM
AND SECURE A COMMITMENT OF FUNDS FROM THE CALIFORNIA
DEPARTMENT OF HOUSING AND COMMUNITY OEVELOPMENT
WHEREAS, the City of Palm Desert ( hereinafter referred to as
"the Local Public Entity" ) a municipality organized and operated
under the Constitution and laws of the State .of California , is
eligible to receive a commitment of funds and participate in the
Mobilehome Park Resident Ownership Program ( hereinafter referred
to as "MPROP" ) ; and
WHEREAS, the California Department of Housing and Community
Development ( hereinafter referred to as the "Department " is
authorized to make loans for the purpose of financing mobilehome
park conversion costs and to reduce the monthly housing costs for
low- income residents to an affordable level : and
WHEREAS, the tocal Public Entity wishes to obtain from the
Department . a commitment of funds for the purpose of financing
the monthly housing costs for low- i �come residents to an
affordable level .
NON, THEREFORE, BE IT RESOLVED THAT:
l . The Local Public Entity as a co-applicant with Portola Palms
Mobilehome Park shall submit to the Department an
application for participation in MPROP and to request a
r_ommitment of funds for a mobilehome park conversion project
located at 43- 155 Portola Avenue . Palm Desert , CA 9Z260 .
7_ . If the application is approved . the Local Public Entity is
hereby authorized to enter into a standard agreement with
the Department for the purposes set forth in the loan
application and approved by the Department . It also may
execute other instruments necessary or required by the
Department for participation in MPROP .
3 . The Local Public Entity is further authorized to request
amendments . including increases in fund commitments up to
amounts approved by the Department and to execute any and
all documents required by the Department to evidence and
secure these amendments .
RESOlUTION N0. 91 - 114
4 . The Local Public Entity authorizes the Mayor to execute in
the name of the Local Public Entity the loan application .
the standard agreement . and other documents necessary or
required by the Department for participation in MPROP. and
any amendments thereto .
PASSED , APPROVED, and ADOPTED this 26th day of September ,
1991 . by the following vote :
AYES: BENSON , CRITES , KELLY , WILSON , AND SNYDER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
WALTER H . SNYDER , MAYbR
AJTEST : � ^
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SHEILA R . G IGAN , CI CLERK
CITY OF PALM DESERTr ALIFORNIA