HAYWARD CITY COUNCIL
RESOLUTION NO. 22-____
Introduced by Council Member __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HAYWARD RESCINDING A PORTION OF THE PREVIOUSLY ADOPTED RESOLUTION 20-065, REGARDING APPROVAL OF A FINANCING MODEL THAT SUPPORTS THE DEVELOPMENT OF MIDDLE-INCOME AFFORDABLE HOUSING AND AUTHORIZATION OF THE CITY MANAGER TO EXECUTE PURCHASE OPTION AGREEMENTS WITH CALCHA WHEREAS, on May 26, 2020, Council adopted Resolution 20-265; and WHEREAS, Council wishes to rescind certain language of Resolution 20-265.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Hayward hereby rescinds the last paragraph of Resolution 20-065 and replaces it with the following language:
BE IT FURTHER RESOLVED that prior to entering into a Purchase Option Agreement, the City Manager will ensure that the Regulatory Agreement for each property contains language allowing over -income tenants to remain housed at the property.
IN COUNCIL, HAYWARD, CALIFORNIA _______________________, 2022 ADOPTED BY THE FOLLOWING VOTE:
AYES: COUNCIL MEMBERS:
MAYOR:
NOES: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ATTEST: ______________________________________
City Clerk of the City of Hayward
APPROVED AS TO FORM:
_________________________________________
City Attorney of the City of Hayward
ATTACHMENT II
Page PAGE 2 of NUMPAGES 2