HomeMy WebLinkAboutReso 2002-118 RESOLUTION NO. 2002-118
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A CITY OF CHULA VISTA
FIRST-TIME HOMEBUYER DOWN PAYMENT AND
CLOSING COST ASSISTANCE PROGRAM, AND
AMENDING THE FISCAL YEAR 2002/2003 SPENDING PLAN
TO INCLUDE AN INCREASE OF $500,000 FOR SAID
PROGRAM
WHEREAS, the City of Chula Vista endeavors to assist low-income first-time
homebuyers through the development and implementation ofhomeownership programs; and
WHEREAS, the provision of affordable ownership oppommities is consistent with and
called for by the City's General Plan Housing Element, Consolidated Plan, and California Health
and Safety Code; and
WHEREAS, the Program furthers the goals of the Agency set forth in the Implementation
Plan as it will facilitate the affordable ownership of residential units which will serve the
residents of the neighborhood and the City; and
WHEREAS, HOME funds have been identified as the funding source for the Program;
and
WHEREAS, as required by the HOME program, an environmental review has been
conducted and the City's Community Development Block Grant (CDBG) and HOME Program
Administrator has determined that the development and implementation of a First-Time
Homebuyer Program is a categorical excluded activity per 24CFR58.35(b) based on the activity
to assist home ownership of existing "or new dwelling units not assisted with Federal funds"
including closing costs and down payment assistance to homebuyers, interest buy downs and
similar activities that result in the transfer of title to a property; and
WHEREAS, the City's Housing Advisory Commission did, on the 26th day of February,
2002, hold a public meeting to consider the implementation of said Program; and
WHEREAS, the Housing Advisory Commission, upon hearing and considering all
testimony, if any, of all persons desiring to be heard, and considering all factors relating to the
request for approval of the Program, has recommended to the City Council that the Program be
approved because the Commission believes that the development of the Program will be
beneficial to low-income residents desiring to be homeowners.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby approve the implementation of a First-time Homebuyer Downpayment and Closing
Cost Assistance Program, in an effort to provide affordable homeownership opportunities
consistent with the City's General Housing Element and Consolidated Plan.
BE IT FURTHER RESOLVED, that the fiscal year 2003 Spending Plan will be amended
to include an increase of $500,000 for said program and that the appropriation of $500,000 fi.om
Resolution 2002-118
Page 2
HOME funds be included in the Fiscal Year 2002/2003 CDBG/HOME budget, which is being
brought forward to the City Council for approval on May 16, 2002.
Presented by Approved as to form by
Chris Salomone John M. Kaheny
Community Development Director City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of April, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Horton, ~yor
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-118 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 16th day of April, 2002.
Executed this 16th day of April, 2002.
Susan Bigelow, City Clerk