HomeMy WebLinkAboutRES NO 057-09
RESOLUTION NO. O57 09
A RESOLUTION OF THE CITY OF BAKERSFIELD
AUTHORIZING THE EXECUTION OF A
NEIGHBORHOOD STABILIZATION LAND BANKING
PROGRAM AND AUTHORIZATION FOR THE CITY
MANAGER OR HIS DESIGNEE TO IMPLEMENT THE
NEIGHBORHOOD STABILIZATION LAND BANKING
PROGRAM, EXECUTE ANY AND ALL DOCUMENTS
AND MAKE MINOR REVISIONS IF NECESSARY.
WHEREAS, the Congress of the United States has enacted Title III of
Division B, of the Housing and Economic Recovery Act of 2008 ("Act" herein) for
the purpose of assisting in the redevelopment of abandoned and foreclosed
homes under the Emergency Assistance for Redevelopment of Abandoned and
Foreclosed Homes heading, referred to as the Neighborhood Stabilization
Program ("NSP" herein); and
WHEREAS, CITY has submitted required documents to the Department of
Housing and Urban Development ("HUD" herein) for receipt of a Neighborhood
Stabilization Program Grant ("Grant" herein) under the Act, and
WHEREAS, the City Council approved a Land Banking program with up to
$2,007,730 from NSP funds for acquisition of foreclosed (dilapidated and/or
distressed) housing structures within the qualified NSP(Redevelopment) areas;
and
WHEREAS, the program is expected to benefit LMMH (low-, moderate-,
and middle-income housing) households < 120% of area median income with
projects that could entail new affordable housing, public park uses, and mixed
residential/commercial uses; and
WHEREAS, the City of Bakersfield (a chartered city and municipal
corporation) has determined that a high priority exists for safe and affordable
housing; and
WHEREAS, the Land Banking Program is intended to assist in the
redevelopment of abandoned and foreclosed homes and provide for future infill
development; and
WHEREAS, the City will ensure NSP-assisted units meet affordability
requirements in accordance with HOME program standards at 24 CFR 92.252
(a), (c), (e) and (f) and 92.254; and
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WHEREAS, affordability requirements for housing related activities will be
imposed by deed restrictions, covenants running with the land, or other
mechanisms approved by HUD, except that the affordability restrictions may
terminate upon foreclosure or transfer in lieu of foreclosure; and
NOW, THEREFORE, BE IT RESOLVED by the City of Bakersfield of the
City of Bakersfield as follows:
SECTION 1. The City of Bakersfield authorizes the City Manager or his
designee to implement the Neighborhood Stabilization Land Banking program
and execute any and all documents and make minor revisions if necessary.
SECTION 2. This Resolution shall be effective immediately upon its
adoption.
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HEREBY CERTIFY that the foregoing Resolution was passed and
adopted by the Council of the City of Bakersfield at a regular meeting thereof
held on MAY 2 0 290 , by the following vote:
~YE~S AGENCY MEMBER BENHAM, CARS(N, COUCH, HANSON, SCRIVNER, SULLIVAN, WEIR
NOES: AGENCY MEMBER ne^Q
ABSTAIN: AGENCY MEMBER nonQ
ABSENT: AGENCY MEMBER rove
3-."L 6,
CITY CLERK and Ex O cio Clerk of the
Council of the City of B kersfield
APPROVED MAY 2 0 2009
HARV Y L. HALL
MAYOR of the City of Bakersfield
APPROVED as to form:
VIRGINIA GENNARO
City Attorney
By:
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