R-8240
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CA:RMM:rmd1266/hpca1/pc
City Council Meeting 6-11-91 Santa Monica, California
RESOLUTION NUMBER 8240(CCS)
(City council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA AUTHORIZING APPLICATION FOR
STATE RENTAL HOUSING CONSTRUCTION PROGRAM FUNDS
AND OTHER RELATED ACTIONS
WHEREAS, the state of California, Department of Housing and
Community Development, Division of community Affairs, has issued
a Notice of Funding Availability Under the Rental Housing
Construction program ("RHCP")j and
WHEREAS, the City of Santa Monica, California is a public
entity, and has applied for a RHCP loan to develop low and very
low-income rental housing at the Lincoln/Ashland site,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1.
The city Manager, or his or her designee, is
hereby authorized to apply for and accept a Rental Housing
Construction Program loan in an amount not to exceed Two Million
One Thousand Seven Hundred and Ten Dollars ($2,001,710.00), and
to execute a State of California Standard Agreement, other
required state documents, and any amendments thereto.
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SECTION 2. The city Clerk shall certify to the adoption of
this Resolution, and thenceforth and thereafter the same shall be
in full force and effect.
APPROVED AS TO FORM:
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ROBERT M. MYERS
city Attorney
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Adopted and approved this 11th day of June, 1991.
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Mayor
I hereby certify that the foregoing Resolution No. 8240(CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on June 11th, 1991 by the following
council vote:
Ayes: councilmembers: Genser, Holbrook, Katz, Olsen,
Vazquez, Zane, Mayor Abdo
Noes: Councilmembers: None
Abstain: Councilmembers: None
Absent: Councilmembers: None
ATTEST:
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