HomeMy WebLinkAboutAGENDA REPORT 2011 1116 CC REG ITEM 10IMOORPARK CITY COUNCIL
AGENDA REPORT
ITEM 10.1.
Colin & iiiQFii ^t;
4CTION:_ z6oazd
TO: Honorable City Council
FROM: Jessica Sandifer, Management Analys
DATE: November 9, 2011 (CC Mtg. November 16, 2011)
SUBJECT: Consider Resolution Authorizing Submittal of Application to
County of Ventura for Allocation of FY 2012113 HOME Funds
BACKGROUND
In 2010, the Redevelopment Agency of the City of Moorpark purchased two contiguous
properties on First Street and subsequently transferred them to the City of Moorpark for
a future affordable housing use. Staff is proposing to build four rental units affordable to
very-low and low income families on these two properties utilizing the density bonus
provision of the City's zoning ordinance for 100% affordable projects.
DISCUSSION
Staff is proposing to apply for $150,000 in HOME Funds from the Ventura County
entitlement area allocation to pay for architectural costs associated with designing and
building this rental project. If the City is awarded funds, we are required to begin
construction on the project within 12 months of signing the funding agreement. As a part
of the application process, the City needs to adopt a resolution authorizing the submittal
of an application to the County of Ventura for these funds.
FISCAL IMPACT
There is no fiscal impact at this time, since the Council's action is only authorizing the
application for the funding. If the City is awarded the allocation of funds, there will be a
requirement for a 25% match which could be paid from City Housing Funds or
Redevelopment Affordable Housing funds.
STAFF RECOMMENDATION
Adopt Resolution No. 2011-
Attachment: Resolution No. 2011-
122
ATTACHMENT 1
RESOLUTION NO. 2011 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZNG SUBMITTAL OF AN
APPLICATION TO THE COUNTY OF VENTURA FOR AN
ALLOCATION OF FY 2012/13 HOME FUNDS
WHEREAS, the City of Moorpark, wishes to apply for and receive an allocation of
FY 2012/13 HOME funds in the total amount of $150,000 through the County of Ventura
entitlement area.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City of Moorpark is authorized to submit an application to the
County of Ventura for FY 2012/13 HOME funds in the amount of $150,000 for
affordable housing purposes.
SECTION 2. The City of Moorpark authorizes the City Manager to execute in the
name of the City of Moorpark, all documents required by the County of Ventura for
participation in the HOME program.
SECTION 3. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 16th day of November, 2011.
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk
123