HomeMy WebLinkAboutReso 2009-044RESOLUTION NO.2009-044
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE CITY MANAGER TO
EXECUTE THE SECOND AMENDMENT TO THE
AGREEMENT BETWEEN THE CITY AND COMMUNITY
HOUSINGWORKS FOR UNDERWRITING SERVICES FOR A
FIRST TIME HOMEBUYER DOWNPAYMENT AND
CLOSING COST ASSISTANCE PROGRAM
WHEREAS, the City and Community HousingWorks entered into to an agreement, dated
August 23, 2007, to underwrite the City's First Time Homebuyer Loans and subsequently
amended on June 19, 2008 to include a pilot program that would provide an incentive for low-
income families wishing to enter the homeownership market w purchase abandoned foreclosed
property; and
WHEREAS, the City of Chula Vista will receive $2,830,072 of grant funds under the
Community Development Block Grant (CDBG) Neighborhood Stabilization Program; and
WHEREAS, in January, 2009, HUD approved the City's Amended 2008/2009 Annual
Action Plan containing the proposed activities to be funded with NSP funds, including the First
Time Homebuyer Downpayment and Closing Cost Assistance Program; and
WHEREAS, City staff has recommended that the City's Agreement with
HousingWorks be amended to provide for administration of the First Time Homebuyer
Downpayment and Closing Cost Assistance Program, which is being funded by the NSP grant
funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista approves the Second Amendment to the agreement between the City and Community
HousingWorks to underwrite the additional homebuyer loans.
Presented by
es D. Sandoval
ty Manager
Approved as to form by
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B C. Mies eld~
rty Attorney ,
Resolution No. 2009-044
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 3rd day of March 2009 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: McCann
ABSTAIN: Councilmembers: Ramirez
Cheryl Cox, M or
ATTEST:
~~
Donna R. Noms,` CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2009-044 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 3rd day of March 2009.
Executed this 3rd day of March 2009.
Donna R. Noms, CMC, City Clerk