HomeMy WebLinkAboutReso 1993-17224 RESOLUTION NO. 17224
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROPRIATING FUNDS NOT TO EXCEED $610,146 FOR A
LOAN TO SBCS FOR ACQUISITION AND REHABILITATION OF A 14-
UNIT APARTMENT BUILDING AT 31 FOURTH AVENUE
WHEREAS, the City Council has previously adopted a Comprehensive Affordable
Housing Strategy (CHAS), which includes the goals of increasing affordable home
rental housing opportunities for lower-income households, including housing for
homeless families; and,
WHEREAS, the Regional Task Force on the Homeless estimates that each night
in Chula Vista there are 300-500 homeless people, the majority of whom are family
members; and,
WHEREAS, the City of Chula Vista has received $750,000 of HOME federal
housing funds for 1992-93; and,
WHEREAS, in order to expend the HOME funds on acquisition of rental housing
for homeless families or rental to lower-income households, the City has amended
its HOME Program Description to revise the estimated use of funds for eligible
housing activities; and,
WHEREAS, South Bay Community Services has been certified as a Community
Housing Development Organization and has provided services to South Bay youth and
their families for 20 years; and,
WHEREAS, South Bay Community Services has submitted a request for $610,146
of funds to acquire a 14-unit apartment building and developed a plan and
coalition to provide housing and related services to homeless and/or very low
income families (the "Project"); and,
WHEREAS, the City Council of the City of Chula Vista has approved a Housing
Cooperation Agreement and associated loan documents providing for a $610,146 loan
to South Bay Community Services for the acquisition and rehabilitation of the
Project subject to certain conditions.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby appropriate 1992-93 HOME Entitlement Funds, not to exceed
$610,146, to South Bay Community Services Program Fund for a loan to acquire and
rehabilitate a 14 unit apartment building at 31 Fourth Avenue subject to the
terms and conditions of the Housing Cooperation Agreement.
Presented by
Resolution No. 17224
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 17th day of August, 1993, by the following vote:
YES: Councilmembers: Fox, Hotton, Moore, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Rindone
ATTEST:
i~Y've~rr~y~G Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do
hereby certify that the foregoing Resolution No. 17224 was duly passed, approved,
and adopted by the City Council held on the 17th day of August, 1993.
Executed this 17th day of August, 1993.
Authelet, City Clerk
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