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HomeMy WebLinkAboutReso 1992-16745 NOT APPROVED RESOLUTION NO. 16745 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA CONDITIONALLY APPROVING AN ALLOCATION OF $350,000 FROM HOME FEDERAL HOUSING FUNDS TO SOUTH BAY COMMUNITY SERVICES FOR THE ACQUISITION AND REHABILITATION OF 14 APARTMENT UNITS AT 31 FOURTH AVENUE; AND CERTIFYING THAT SAID PROJECT IS CONSISTENT WITH THE CITY'S COMPREHENSIVE HOUSING AFFORDABILITY STRATEGY (CHAS) The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, South Bay Community Services (hereinafter "SBCS") is a non-profit community-based organization with the ability to acquire, rehabilitate, and manage affordable housing; and, WHEREAS, SBCS is requesting $350,000 to acquire and rehabilitate 14 units at 31 Fourth Avenue for very low-income families; and, WHEREAS, the provision of very low-income family units is identified as an objective in the Housing Element and a priority in the Comprehensive Housing Affordability Strategy; and, WHEREAS, the City will receive $748,000 in HOME funds from the U. S. Department of Housing and Urban Development this year. NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Chula Vista approves an allocation of $350,000 from HOME federal housing funds to South Bay Community Servides for acquisition and rehabilitation of 14 units at 31 Fourth Avenue, subject to the following conditions: 1) approval of other financing for the project; 2) approval of environmental review; 3) approval of criteria for resident selection; and 4) approval of property management firm. BE IT FURTHER RESOLVED, that the City Council certifies that said project is consistent with the City's Comprehensive Housing Affordability Strategy (CHAS). Presented by Approved as to form by Chris Salomone Bruce M. Boogaard Community Development Director City Attorney Resolution No. 16745 Page 2 NOT PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista, California, this 28th day of July, 1992, by the following vote: YES: Councilmembers: Grasser Horton, Malcolm, Moore, Nader NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Rindone Tim Nader, Mayor ATTEST: Beverly A. Authelet, City Clerk