HomeMy WebLinkAboutReso 2013-179 RESOLUTION 1�'O. 2013-179
RESOLUTIOI�i OF THE CITY COUNCIL OF THE CITY OF
CHLiLA VISTA (1) AUTHORIZII�'G THE CITl' M.ANAGER OR
HIS DESIGNEE TO EXECUTE AI�' AGREEA4ENT AND
I�'ECESSARY AA9ENDMENTS. AS NEEDED. FOR
CONSULTII�'G SERVICES BETWEEN COMMUI�TITY
HOUSII`'G�i'ORKS REALTY AI�'D LENDI2�'G .l�\'D THE CITY
OF CHULA VISTA TO ADMINISTER THE FIRST TIME
HOMEBUYER ASSISTANCE PROGRAM; (2) AUTHORIZII�'G
THE PURCHASIt`'G AGEI�'T TO EXECUTE FOUR ONE-YEAR
OPTIONS TO EXTEND THE AGREEA4ENT; AND (3)
AUTHORIZII�TG THE DIRECTOR OF DEVELOPA4ENT
SERVICES OR HIS DESIGNEE TO EXECtiTE AND AMEND
ANY AND ALL FIRST TIME HOMEBUYER PROGRAI�9
DOCUMENTS
WHEREAS, on May 1, 2012. Council adopted Resolution No. 2012-073 «hich added
fundine for a First-time Homebuyer (FTHB) Proeram to assist lo���-income homebuvers; and
R'HEREAS, the approved program pro��ided a ma�imum silent second loan of up to
$70.000 available to qualified first-time homebuvers at zero percent (0%) interest rate; and
WHEREAS. the Citv is desirous of contractins ��ith Communitv HousineWorks Realt��
and Lending to assist in revising various elements of the program including the maximum loan
amount to reflect current market conditions as ���ell as administer the program; and
WHEREAS. the Citv is desirous of contractine ti�ith Communitv Housine�l'orks Realtr
and Lending for one year ti�ith an option to extend by mutual agreement for up to four }�ears; in
one-year increments. A copy of said aereement. in substantial form. is on file ��ith the Cin�
Clerk's Office. �
NOW; THEREFORE, BE IT RESOLVED b�- the Cih� Council of the City of Chula
Vista. that it:
(1) Authorize the City Manager or his desienee; including the Purchasing Aeent
to execute the agreement and necessary amendments_ as needed; for consalting services
between Communitv Housina�'orks Realtv and Lendine and the Citv of Chula Vista to
administer the First Time Homebu��er Proeram. The Cit�� Manaeer or his desienee is
further authorized to make minor modifications as ma�� be appro��ed or recommended by
the Citv Attome��`s Office.
(2) Authorize the Cit�� \4anager or his desienee: including the Purchasing Agent.
to execute four one-year options to extend the agreement.
Resolution No. 2013-179
Page No. 2
(3) Further authorize the Director of Development Services or his designee to
execute and amend any and all documents subject to the First Time Homebuyer Program.
Presented by Approved as to form by
.
Kelly . roughton, FASLA en R. Go gins
Director of Development Services C� Att ey
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia. this ]Oth day of September 2013 by the following vote:
AYES: Councilmembers: Aguilar, Bensoussan, Ramirez, Salas and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
t 1 �
Cheryl Cox, Iv1 yor.
ATTEST:
T� 0
Donna R. Norris, M , City Clerk
STATG OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2013-179 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the l Oth day of September 2013.
Executed this l Oth day of September 2013.
_��
Donna R. Norris, MC, City Clerk