RESOLUTION NO. 2022-_
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF MERCED, CALIFORNIA,
AUTHORIZING A JOINT APPLICATION AND
PARTICIPATION IN THE HOMEKEY
PROGRAM; THE EXECUTION OF A STANDARD
AGREEMENT IF SELECTED FOR SUCH
FUNDING AND ANY AMENDMENTS THEREO;
AND ANY RELATED DOCUMENTS NECESSARY
TO PARTICIPATE IN THE HOMEKEY
PROGRAM
WHEREAS, the Department of Housing and Community Development ("Department") has issued a Notice of Funding Availability, dated September 9, 2021 ("NOFA"), for the Homekey Program ("Homekey" or "Program"). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assem. Bill No. 140(2021-2022 Reg. Sess.), § 20.); and
WHEREAS, the City of Merced ("Co-Applicant"') desires to jointly apply for Homekey grant funds with CC915 Merced, Inc. ("Corporation"). Therefore, Co-Applicant is joining Corporation in the submittal of an application for Homekey funds ("Application") 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 MERCED
DOES HEREBY RESOLVE, DETERMINE, FIND, AND ORDER AS
FOLLOWS:
SECTION 1. Co-Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $5,000,000.00.
X: Resolutions|2022 Housing/Authorizing Grant App for Homekey Program (CC915 Merced). docx 1 SECTION 2. If the Application is approved, Co-Applicant is hereby autherized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $5,000,000.00 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 3. Co-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.
SECTION 4. The City Manager or Deputy City Manager of the City of Merced is authorized to execute the Application and the Homekey Documents on behalf of Co-Applicant for participation in the Homekey Program.
PASSED AND ADOPTED by the City Council of the City of Merced at a regular meeting held on the day of 2022, by the following vote:
AYES: Council Members:
NOES: Council Members:
ABSENT: Council Members:
ABSTAIN: Council Members:
APPROVED:
Mayor
X: Resolutions\2022\Housing\Authorizing Grant App for Homekey Program (CC915 Merced).docx 2 ATTEST:
STEPHANIE R. DIETZ, CITY CLERK
BY:
Assistant/Deputy City Clerk
(SEAL)
APPROVED AS TO FORM:
in made 12/21/21
City Attorney
X: \Resolutions\2022\Housing\Authorizing Grant App for Homekey Program (CC915 Merced).docx 3