HomeMy WebLinkAboutCC RES 2010-48RESOLUTION NO. 2010-48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM DESERT, CALIFORNIA, AUTHORIZING A REQUEST
TO THE CALIFORNIA DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT TO AMEND THE
CONTRACT USE OF CALIFORNIA NEIGHBORHOOD
STABILIZATION PROGRAM (NSP) FUNDING
The City Council of the City of Palm Desert, California (hereinafter referred to as the
"City Council") does resolve as follows:
WHEREAS, the County of Riverside ("County") and the City of Palm Desert
("City") executed a Cooperation Agreement for the use of Neighborhood Stabilization
Program Funds ("Cooperation Agreement"), dated 22 December 2009, whereby the City
elected to participate with the County in a joint effort to apply for, receive and use
Neighborhood Stabilization Program ("NSP" or the "Program") funds from the State of
California to assist and undertake essential neighborhood stabilization and housing
assistance activities pursuant to the Housing and Economic Recovery Act of 2008
("HERA"), and the subsequent program regulations promulgated by the United States
Department of Housing and Urban Development ("HUD"); and
WHEREAS, the California Department of Housing and Community Development
("HCD") administers NSP funds for the State of California; and
WHEREAS, the City, in cooperation with the Palm Desert Redevelopment
Agency, established a 2009-10 NSP Action Plan (the "Plan") for the participation of very
low, low and moderate income residents in the Program within the City, approved by the
City Council on May 26, 2009; and
WHEREAS, the County and the City desire to seek authorization from HCD to
amend the contract use of California NSP funding consistent with HUD and HCD
regulations and rules.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT
DOES HEREBY FIND, DETERMINE, RESOLVE AND ORDER AS FOLLOWS:
Section 1. The City Council has reviewed and hereby approves and consents to
the County and the City seeking authorization from HCD to amend the contract use of
California NSP funding consistent with HUD and HCD regulations and rules, for the
following activities:
Proposed amended use of funds
i) The City's use of the its allocation of NSP funds of $326,784 shall
include acquisition, rehabilitation, and resale, as well as homebuyer
assistance in the form of silent second loans for the purchase of
eligible foreclosed and/or abandoned bank -owned single family
homes within the City.
RESOLUTION NO. 2010-48
ii) Homebuyer assistance shall include silent second loans in direct
homeownership assistance to home buyers who purchase and
occupy eligible single family homes within the City.
iii) The proposed acquisition, repair, remarketing and resale activities
may be accomplished in partnership with and by an independent
private or public third party with a loan of NSP funds.
The City's Program will be available within the established NSP
eligible target areas as identified on target area maps located at
Section 2. In the event that additional NSP funding becomes available at a later
date, the City is authorized to apply for, and/or accept such additional NSP funding, up
to the amount eligible under any revised or reissued notice of funding availability. Any
additional NSP funding will be used in accordance with funding requirements
established by HUD and/or HCD.
Section 3. The City Council hereby authorizes and directs the City Manager, with
concurrence with City Attorney, to take such further actions and execute such other
agreements as may be necessary or appropriate in administering the actions authorized
by this Resolution.
Section 4. The City Council hereby authorizes, the City Manager to sign Program
funds requests and other reporting forms that are required by the Program.
PASSED, APPROVED AND ADOPTED this 24th day of June, 2010 by
the following vote to wit:
AYES: BENSON, FERGUSION, BELLY, SPIEGEL, FINERTY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
A 2
CINDY FINETY, Mayor
ATTEST:
RAHELLE S, City Clerk
City of Palm Desert, California
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