HomeMy WebLinkAboutReso 2007-246
RESOLUTION NO. 2007-246
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING THE FISCAL YEAR 2007/2008
ANNUAL ACTION PLAN TO REALLOCATE $35,000 OF
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO
THE SAN DIEGO REGIONAL REVOLVING LOAN FUND;
AUTHORIZING THE CITY MANAGER TO EXECUTE ANY
NECESSARY DOCUMENTS; AND ESTABLISHING THE SAN
DIEGO REVOLVING LOAN PROJECT AND AUTHORIZING
INTERPROJECT TRANSFERS AS NECESSARY
WHEREAS, on May I, 2007, the City Council approved submittal of the Community
Development Block Grant (CDBG) and the HOME Investment Partnership (HOME) Program
Annual for Fiscal Year 2007/2008, respectively, to the U.S. Department of Housing and Urban
Development; and
WHEREAS, the City desires to amend the CDBG, HOME, and ESG Program to
reallocate $35,000 of unallocated CDBG funds from closed activities to a new 2007/2008
Economic Development Project, entitled San Diego Revolving Loan Fund; and
WHEREAS, Federal regulations governing the CDBG, HOME and ESG Programs state
that significant programmatic and funding changes to the Plan constitute an amendment to the
Plan; and
WHEREAS, in compliance with HUD regulations and the City's Citizen Participation
Plan, a Plan Amendment requires a 30-day public review and comment period; and
WHEREAS, pursuant to HUD regulations City's Citizen Participation Plan, the City
began a review and comment period on August 24, 2007, which ended on September 24 with no
comments received; and
WHEREAS, on July 25, 2007. City Council held a noticed public hearing to consider the
Plan Amendment and the reallocation of CDBG funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista hereby amend the 2007/2008 Annual Action Plan and authorizes the submission of the
Amendment to the United States Department of Housing and Urban Development.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute a
Subrecipient agreement and any necessary minor amendments with the San Diego Revolving
Loan Fund.
Resolution No. 2007-246
Page 2
BE IT FURTHER RESOLVED that the City Council of the City Of Chula Vista does
hereby establish a new project entitled San Diego Revolving Loan Fund and authorize the
interproject transfer of$35,000 from Projects 4121314333 and 4124319333.
Presented by
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Approved as to form by
Acting Community Development Director
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 25th day of September 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
ATTEST:
~~
Cheryl Co a ~r.
#JJl1M~ J{Mio
?- Susan BigeloW:- MMC, 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. 2007-246 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 25th day of September 2007.
Executed this 25th day of September 2007.
~AJA. ffi~
r Susan Bigelow, rvtMC, City Clerk
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