HomeMy WebLinkAboutReso 1990-15750 NOT APPROVED
RESOLUTION NO. 15750
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING REALLOCATION OF PROGRAM INCOME FROM HOUSING
REHABILIATION TO THE PARK DEVELOPMENT PROJECT AT ORANGE
AND FOURTH AVENUES
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, the City of Chula Vista operates a Community Housing Improvement
Program (CHIP), the purpose of which is to provide loans to low-income
households for home improvements; and
WHEREAS, the CHIP program is funded by an allocation of Redevelopment
funds and by a Revolving Fund sustained by program income from the repayment
of Redevelopmerit and CDBG loans; and
WHEREAS, the City has received program income from CDBG Housing
Rehabilitation activity which will not be needed to fund housing
rehabilitation during 1990-91; and
WHEREAS, the City has held a public hearing on proposed revisions to the
1990-91 Final Statement and received recommendations regarding said revisions.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Chula
Vista authorizes the transfer of $235,000 from the Housing Rehabilitation
revolving fund acount to the Park Development Project at Orange and Fourth
Avenues.
Presented by Approved as to form by
Chris Salomone Bruce M. Boogaard
Community Development Director City Attorney
Resolution No. 15750
Page 2
NOT PASSED, APPROVED, or ADOPTED by the City Council of the City of Chula
Vista, California, this 7th day of August, 1990:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ABSTAIN: Councilmembers:
Tim Nader, Mayor
ATTEST:
Beverly A. Authelet, City Clerk