HomeMy WebLinkAboutRDA Res 00-3 2000-08-14
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RESOLUTION NO.
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A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH
AUTHORIZING THE SUBMITI'AL OF A LOAN
APPLICATION, THE EXECUTION OF A STANDARD
AGREEMENT AND ANY AMENDMENTS THERETO,
AND ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE MOBILEHOME PARK
RESIDENT OWNERSHIP PROGRAM AND TO
SECURE A COMMITMENT OF FUNDS FROM THE
CALIFORNIA DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
WHEREAS: The Redevelopment Agency of the City of Seal Beach (hereinafter referred to as
"the Local Public Entity"), a public body, corporate and politic, pursuant to .
Community Redevelopment Law, Section 33100, organized and operated under the
Constitution and laws of the State of California, is eligible to receive a commitment
of funds and participate in the Mobilehome Park Resident Ownership ProgranJ
(hereinafter referred to as "MPROP"); and
WHEREAS: The California Department of Housing and Community Development (hereinafter
referred to as the "Department") is authorized to make loans for the purpose of
financing mobiIehome park conversion costs and to reduce the monthly housing
costs for low-income residents to an affordable; and
WHEREAS: The Local Public Entity wishes to obtain from the Department a commitment of
funds for the purpose of financing the monthly housing costs of low-income
residents to an affordable level.
NOW, THEREFORE, BE IT RESOLVED, THAT:
A. The Local Public Entity as a co-applicant with Seal Beach Trailer Park Residents
Association shall submit to the Department an application for participation in the
MPROP and request a commitment of funds for a mobiIehome park conversion project
located at 313 Welcome Lane, Seal Beach, California.
B. If the application is approved, the Local Public Entity is hereby authorized to enter into a
standard agreement with the Department for the purposes set forth in the loan application
and approved by the Department. It also may execute other instruments necessary or
required by the Department for participation in MPROP.
C.
The Local Public Entity is further authorized to request amendments, including increases
in fund commitments up to amounts approved by the Department and to execute any and
all documents required by the Department to evidence and secure these amendments.
D. The Local Public Entity authorizes the Executive Director of the Redevelopment Agency
of the City of Seal Beach to execute in the name of the Local Public Entity the loan
application, the standard agreement, and other documents necessary or required by the
Department for participation in MPROP, and any amendments thereto.
Resolution Number aJ.. ~
PASSED, APPROVED AND ADOPTED by the RedeveIOP,~gency of the City of Seal
Beach at a e ting the on the - day of
, 2000, by the following vote:
AYES:
Agencymemb
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NOES:
Agencymember
ABSENT:
ABSTAIN: Agencymembers
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, Joanne M. Yeo, City Clerk of Seal Beach, California, ~ hereby certify that the foregoing
resolution is the original copy of Resolution Number ~ on file in the office of the City
Clerk, pas d, approved, and adopted by the Redevelopment Agency of ~ty of Seal Beach, at a
regular ~ourned meeting thereof held on the J. - day of
,2000.
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