HomeMy WebLinkAboutReso 2011-211RESOLUTION NO. 2011-211
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA (1) APPROPRIATING $205,379 OF HOME
INVESTMENT PARTNERSHIP FUNDS FOR USES
PREVIOUSLY ALLOCATED BY CITY COUNCIL AND; (2)
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE
TO EXECUTE A FIFTH AMENDMENT TO THE
AGREEMENT BETWEEN THE CITY AND COMMUNITY
HOUSINGWORKS FOR THE FIRST TIME HOMEBUYER
ASSISTANCE PROGRAM
WHEREAS, on August 23, 2007, the City entered into an agreement (as previously
amended) with Community HousingWorks for the management of a first time homebuyer down
payment and closing cost assistance program (hereinafter Agreement); and
WHEREAS, on November 25, 2008, Council approved amending the Fiscal Year
2008/2009 Annual Action Plan to allocate $452,936 of HOME Investment Partnership Funds for
first time homebuyer activities; and
WHEREAS, on March 3, 2009, Council approved a second amendment to Community
HousingWorks First Time Homebuyer Agreement for underwriting services for a first time
homebuyer assistance program to include the use of $452,936 in HOME Investment Partnership
Funds subject to Council appropriation; and
WHEREAS, on November 9, 2010, the City Council of the City of Chula Vista
approved a third amendment to the Agreement between the City of Chula Vista and Community
HousingWorks for underwriting services for homebuyers wishing to acquire and rehabilitate
foreclosed properties using HOME Investment Partnership Funds, including an appropriation of
the aforementioned $452,936 in HOME Investment Partnership Funds; and
WHEREAS, on July 19, 2011, the City Council of the City of Chula Vista approved a
fourth amendment to the Agreement between the City of Chula Vista and Community
HousingWorks allocating an additional $205,379 in HOME Investment Partnership Funds for
underwriting services for the first time homebuyer assistance program; and
WHEREAS, the Catalog of Federal Domestic Assistance number for HOME Funding is
14.239 and shall be communicated to all Contractors and included in all contracts and
subcontracts related to the use of HOME funds; and
WHEREAS, the City Council of the City of Chula Vista wishes to approve a fifth
amendment to the Agreement between the City of Chula Vista and Community HousingWorks
for underwriting services for homebuyers wishing to acquire foreclosed properties using HOME
Investment Partnership Funds for $208,000 previously budgeted and appropriated, and
appropriate $205,379 in previously approved HOME Investment Partnership Funds for eligible
properties Citywide, for a total Fiscal Year budget of $413,379.
Resolution No. 201 ] -211
Page 2
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista hereby (1) appropriate $205,379 in HOME Investment Partnership Funds to an eligible
project; and (2) authorizes the City Manager or his designee to execute a fifth amendment to the
Agreement between the City of Chula Vista and Community HousingWorks for the First Time
Homebuyer Program for underwriting services.
Presented
Approved as to form by
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Gary Halbe ., AI~P len R. ogins (`\-~
Assistant ty anager/Director of ey \
Developme ervices
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 1st day of November 2011 by the following vote:
AYES: Councilmembers: Aguilar, Castaneda, Ramirez and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: Bensoussan
ATTEST:
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Donna R. Norris, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
Cheryl Cox, M or
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2011-211 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 1st day of November 2011.
Executed this 1st day of November 2011.
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Donna R. Norris, CMC, City Clerk