HomeMy WebLinkAboutRDA RES 387RESOLUTION NO. 387
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE ECONOMIC
DEVELOPMENT AGENCY OF THE COUNTY OF RIVERSIDE FOR FUNDING UNDER
THE HOME INVESTMENT PARTNERSHIPS PROGRAM; THE EXECUTION OF A
STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING AND ANY
AMENDMENTS THERETO; ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE HOME INVESTMENT PARTNERSHIPS PROGRAM
THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES AND OR.DERS AS FOLLOWS:
A. The Palm Desert Redevelopment Agency, a public body, corporate and politic
wishes to apply for and receive an allocation of funds through the Home Investment Partnerships
Program (hereinafter referred to as "HOME"); and
B. The Economic Development Agency (hereinafter refened to as"County") has
issued a Notice of Funding Availability for the HOME Program and is authorized to approve funding
allocation which will be made available directly though the U.S. Department of Housing and Urban
Development (HUD) to be used for the purposes set forth in Title II of the Cranston-Gonzales
National Affordable Housing Act of 1990, the imptementing regulations set forth in Title 24 of the
Code of Federal Regulations, part 92; and
_ C. The Palm Desert Redevelopment Agency wishes to submit an application to
obtain &om the Agency an allocation HOME Funds;
IT IS NOW THEREFORE RESOLVED THAT:
l. The Palm Desert Redevelopment Agency shall submit to the County an
appiication to participate in the HOME Program which will request a fiznding allocation for the
following activities:
Acquisition and rehabilitation of 73-610 Santa Rosa Way,
a 12-unit multi-family rental property located in Project Area No. 1.
2. If the application for funding is approved, the Palm Desert Redevelopment
Agency hcreby a�-ees to use the HOME funds for eligible activities in the manner presented in the
application as approved by the Department and in accordance with regulations cited above. It also
may execute any and all other instruments necessary or required by the Department or HUD for
participation in HOME.
3. The Palm Desert Redevelopment Agency authorizes Carlos Ortega, Executive
Director, to execute in the name of The Palm Desert Redevelopment Agency, the application, the
Agreement for use of HOME funds, and all other documents required by the Agency or HUD for
" participation in the HOME program, and any amendments thereto.
RESOLUTION NO. 387
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City
of Palm Desert, this 13`h day of January, 2000, by the following vote, to wit:
AYES: Benson, Ferguson, Kelly, Spiegel, Crites
NOES: None
ABSENT: None
ABSTAIN: None
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ATTEST:
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