HomeMy WebLinkAboutRES NO 108-05
RESOLUTION NO. 1 0 8 - 0 5
A RESOLUTION OF THE COUNelL OF THE CITY OF
BAKERSFIELD AUTHORIZING THE SUBMISSION OF AN
APPLICATION TO THE CALIFORNIA STATE DEPARTMENT
OF HOUSING AND eOMMUNITY DEVELOPMENT FOR
FUNDING UNDER THE BEGIN PROGRAM; THE EXECUTION
OF A STANDARD AGREEMENT IF SELECTED FOR SUCH
FUNDING AND ANY AMENDMENTS THERETO; AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN
THE BEGIN PROGRAM
WHEREAS, the City of Bakersfield (a charter city and municipal corporation) has
determined that a high priority exists for affordable ownership housing for first-time
homebuyers; and
WHEREAS, Bakersfield Municipal Code provides consideration for cost
reductions and regulatory relief measues to developers through density bonuses and
other incentive ordinances when low and very-low income housing units are proposed;
and
WHEREAS, the City of Bakersfield Planning Commission has approved a 260
unit Vesting Tentative Tract Map (Tract No. 6170) that includes a Density Bonus
provision that allows 20% of total units to be constructed for "lower income households"
(as defined in Section 50079.5 of the Health and Safety code); and
WHEREAS, the State's Buidling Equity and Growth in Neighborhoods (BEGIN)
Program allows localities in exhange for local regulatory concessions, to apply for grant
monies for down payment assistance loans to qualifying first-time low- and moderate-
income buyers of homes; and
WHEREAS, the California Department of Housing and Community Development
(hereinafter referred to as "HCD") has issued a Notice of Funding Availability ("NOFA")
for the BEGIN program established by Chapter 14.5, Sections 50860 through 50866 of
Part 2 of Division 31 of the Health and Safety Code (the "statute"), and 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 Guidelines adopted as amended by HCD on March 4, 2005;
and
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WHEREAS, the City of Bakersfield wishes to submit an application to obtain
from HCD an allocation of BEGIN funds in the amount of $1,560,000 to benefit
approximately 52 first-time low-income homebuyers; and
WHEREAS, the City Manager is authorized to submit the BEGIN application and
amendments thereto and all understandings and assurances contained therein, and to
act in connection with the application to provide such additional information as may be
required.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Bakersfield
as follows:
SECTION 1. The City of Bakersfield shall submit to HCD an application to
participate in the BEGIN Program in response to the NOFA issued on March17, 2005
which will request a funding allocation for the following activities:
Deferred-payment second mortgage loans to approximately 52 qualified and
eligible first-time buyers at simple interest (1% to 3%) not to exceed 20 percent
of home sales price or $30,000, whichever is less, for Vesting Tentative Tract
No. 6170 (Phased) located near Ridgeview High School (between Ryzona Dr.
alignment and McKee Rd.).
SECTION 2. If the application for funding is approved, the City of Bakersfield,
hereby agrees to use the BEGIN funds for eligible activities in the manner presented in
the application as approved by HCD and in accordance with program Guidelines cited
above. It also may execute any and all other instruments necessary or required by
HCD for participation in the BEGIN Program.
SEeTION 3. The City of Bakersfield authorizes Alan Tandy, City Manager, to
execute in the name of the City of Bakersfield the application, the Standard Agreement,
and all other documents required by HCD for participation in the BEGIN Program, and
any amendments thereto.
SECTION 4. This Resolution shall be effective immediately upon its adoption.
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I HEREBY eERTIFY that the foregoing Resolution was passed and adopted by
Council of the Ci!y' of Bakersfield at a regular meeting thereof held on
MAY 2 5 20u5 by the following vote:
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NOES:
ABSTAIN:
ABSENT:
V-~~-...-....--....--
COUNCILMEMBER CARSON, BENHAM, MAGGARD, COUCH, HANSON, SULLIVAN, SCRIVNER
COUNCILMEMBER
COUNCILMEMBER
COUNCILMEMBER
PAMELAA. McCARTHY, C
CITY CLERK and Ex Officio lerk of the
Council of the City of Bakersfield
APPROVED MAY 2 5 2005
HARVE . ALL
MAYOR of the City of Bakersfield
APPROVED as to form:
VIRGINIA GENNARO
City Attorney
By A~~
ALLEN SHAW
Deputy City Attorney
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