HomeMy WebLinkAboutCC Reso No 2020-082 Homekey Funding Project Application AuthorizationRESOLUTION NO. 2020-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE
HOMEKEY PROGRAM
Whereas, the Department of Housing and Community Development (Department) has
issued a Notice of Funding Availability (“NOFA”), dated July 16, 2020, for the Homekey Program
(“Homekey” or “Homekey Program”). The Department has issued the NOFA for Homekey grant
funds pursuant to Health and Safety Code section 50675.1.1 (Assem. Bill No. 83 (2019-2020 Reg.
Sess.), § 21.); and
Whereas, City of Lake Elsinore (“Applicant”) desires to apply for Homekey grant funds.
Towards that end, Applicant is submitting an application for Homekey funds (“Applicant”) to the
Department for review and consideration; and
Whereas, the Department is authorized to administer Homekey pursuant to the Multifamily
Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the
Health and Safety Code). Homekey funding allocations are subject to the terms and conditions of
the NOFA, the Application, the Department-approved STD 213, Standard Agreement (“Standard
Agreement”), and all other legal requirements of the Homekey Program.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES
HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. Applicant is hereby authorized and directed to submit an Application to the
Department in response to the NOFA, dated July 16, 2020, and to apply for Homekey grant funds
in a total amount not to exceed $4,000,000. That amount includes $3,000,000 for capital
expenditures (as allowed under Health and Saf. Code, § 50675.1.1, subd. (a)(1)-(6)) and $312,0000
for a capitalized operating subsidy (as allowed under Health and Saf. Code, § 50675.1.1, subd.
(a)(7)).
Section 2. If the Application is approved, Applicant is hereby authorized and directed to
ensure that any funds awarded for capital expenditures are spent by December 30, 2020, and that
any funds awarded for capitalized operating subsidies are spent by June 30, 2022.
Section 3. If the Application is approved, Applicant is hereby authorized and directed to
enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $4,000,000,
any and all other documents required or deemed necessary or appropriate to secure the Homekey
funds from the Department and to participate in the Homekey Program, and all amendments thereto
(collectively, the “Homekey Documents”).
Section 4. Applicant acknowledges and agrees that it shall be subject to the terms and
conditions specified in the Standard Agreement, and that the NOFA and Application will be
incorporated in the Standard Agreement by reference and made a part thereof. Any and all
activities, expenditures, information, and timelines represented in the Application are enforceable
through the Standard Agreement. Funds are to be used for the allowable expenditures and activities
identified in the Standard Agreement.
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CC Reso No. 2020-82
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Section 5. Grant Yates, City Manager, or his or her designee, is authorized to execute the
Application and the Homekey Documents on behalf of Applicant for participation in the Homekey
Program.
Section 6. This Resolution shall take effect from and after the date of its passage and
adoption.
Section 7. That the City Clerk shall certify to the passage and adoption of this Resolution
and enter it into the book of original Resolutions.
Passed and Adopted on this at a regular meeting of the City Council of the City of Lake Elsinore,
California, this 11th day of August 2020.
Brian Tisdale
Mayor
Attest:
Candice Alvarez, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2020-82 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of August 11, 2020, and that the same was adopted by the following vote:
AYES: Council Members Manos, Johnson, and Sheridan; Mayor Pro Tem Magee; and
Mayor Tisdale
NOES: None
ABSENT: None
ABSTAIN: None
Candice Alvarez, MMC
City Clerk
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