AUTHORIZING RESOLUTION
RESOLUTION NO. 23-__
A RESOLUTION OF THE GOVERNING BODY OF CITY OF VISALIA AUTHORIZING
JOINT APPLICATION TO AND PARTICIPATION IN THE HOMEKEY PROGRAM
WHEREAS:
A. The Department of Housing and Community Development (“Department”) has issued a Notice of Funding Availability, dated March 29, 2023 (“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.).
B. CITY OF VISALIA (“Co-Applicant”) desires to jointly apply for Homekey grant funds with RHCB DEVELOPMENT, LP (“Corporation”). Therefore, Co- Applicant is joining Corporation in the submittal of an application for Homekey funds (“Application”) to the Department for review and consideration.
C. 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 th e Homekey Program.
THEREFORE, IT IS RESOLVED THAT:
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 $15,000,000.
2. If the Application is approved, Co-Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $15,000,000, 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”).
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 a ctivities, 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.
4. City Manager, or his or her designee , is authorized to execute the Application and the Homekey Documents on behalf of Co-Applicant for participation in the Homekey Program.
PASSED AND ADOPTED this 17th day of April, 2023, by the following vote:
AYES: ___ NAYES: ___ ABSTAIN: ___ ABSENT: ____
The undersigned, Leslie Caviglia, City Manager of Co-Applicant, does hereby attest and certify that the foregoing is a true and full copy of a resolution of the governing body adopted at a duly convened meeting on the date above-mentioned, and that the resolution has not been altered, amended, or repealed.
SIGNATURE: ________________________ DATE: _____________________
NAME: _____________________________ TITLE: _____________________