RES-2006-091RESOLUTION NO. 2006-091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM (n
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE
CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMi]NITY
DEVELOPMENT FOR FUNDING UNDER THE BEGIN PROGRAM FOR THE
AFFORDABLE HOUSING PROJECT LOCATED AT 610 SOUTH OLIVE
STREET, (II) IF SELECTED FOR SUCH FUNDING, AUTHORIZING THE
EXECUTION OF A STANDARD AGREEMENT, ANY AMENDMENTS
THERETO AND ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE BEGIN PROGRAM, AND (III) IF SELECTED FOR
SUCH FUNDING, AMENDING THE BUDGET FOR FISCAL YEAR 2006-07
ACCORDINGLY
WHEREAS, the California Department of Housing and Community Development ("HCD' has
issued a Notice of Funding Availability ("NOFA"1 for the BEGIN Program established by
Chapter 14.5, Sections 50860 through 50866 of Part 2 of Division 31 of the California Health
and Safety Code (the "Statute'; and
WHEREAS, pursuant to the Statute, HCD ~is authorized to approve funding allocations utilizing
monies made available by the State Legislature to the BEGIN Program, subject to the terms and
conditions of the Statute and the BEGIN Program Regulations adopted by HCD on December 5,
2003 (the "BEGIN Program Guidelines'; and
WHEREAS, funding made available under the NOFA for the BEGIN Program ("BEGIN
Program Funding' could be used to provide, among other things, down payment assistance to
~ first time homebuyers in Anaheim with household incomes that do not exceed one hundred
twenty percent (120%) of area median income; and
WHEREAS, a three hundred thirty-nine (339) unit affordable housing development (the
"Affordable Housing Development's is being constructed at o 10 South Olive Street in the City of
Anaheim pursuant to that certain Disposition and Development Agreement dated as of March 15,
2006 by and between the Anaheim Redevelopment Agency and Brookfield Olive Street LLC;
and
WHEREAS, the City of Anaheim, a municipal corporation and charter city, (the "city") desires
to submit an application to HCD for One Million Twenty Thousand Dollars ($1,020,000) of
BEGIN Program Funding to be used to provide down payment assistance of up to Thirty
Thousand Dollars ($30,000) to first time homebuyers (i) who acquire homes in the Affordable
Housing Development and (ii) have household incomes that do not exceed one hundred twenty
percent (120%) of area median income (the "Application'.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. Approval of Application. The Application is hereby approved.
Section 2. Authority to Ezecute and Submit Application. 'The Executive Director of the
City's Community Development Department, or her designee, is hereby authorized and directed
to execute and submit the Application to HCD.
Section 3. Authority to Ezecute Documents and Take Further Actions. The Executive
Director of the City's Community Development Department, or her designee, is hereby
authorized and directed, if the City is selected by HCD to receive BEGIN Program Funding, to
take such other actions as are consistent with the Application, including the execution of the
~ Standard Agreement prepared by HCD and all other documents and amendments required by
HCD for participation in the BEGIN Program.
Section 4. Agreement to Utilize BEGIN Program Funding in a Manner Consistent with
the Application and the BEGIN Program Guidelines. The City hereby agrees to use
BEGIN Pmgram Funding for eligible activities in the manner presented in the Application as
approved by HCD and in accordance with the BEGIN Program Guidelines, if selected by HCD to
receive such funding.
Section 5. Amendment of Budget. Contingent upon the award of a grant and the
receipt of funds based upon the Application, the annual budget of the Community Development
Department of the City for Fiscal Year 2006-07 shall be amended by increasing the
appropriations and authorized expenditures in the amount equal to the amount of grant funds
received by the City.
2
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY TAE
CITY COUNCIL OF THE CITY OF ANAHEIM THIS SIXTEENTH (16'$) DAY OF
MAY, 2006 BY THE FOLLOWING ROLL-CALL VOTE:
AYES: Mayor Pringle, Council Members Sidhu, Hernandez, Galloway,. Chavez
NOES: None
ABSTAIN: None
ABSENT: None
MAYOR OFT T OF ANAHEIM
A
OF THE C~'Y OF
~ ~ Deputy City Clerk
61643.1
3