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Resolution 2013-05I RESOLUTION NO. 2013-05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY HEREBY AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM; THE EXECUTION OF A STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM WHEREAS: A. The City of Gilroy, wishes to apply for and receive an allocation of funds through the CalHome Program; and B. The California Department of Housing and Community Development (hereinafter referred to as "HCD ") has issued a Notice of Funding Availability ( "NOFA ") for the CalHome program established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and codified in Chapter 6 (commencing with Section 50650) of Part 2 of Division 31 of the Health and Safety Code (the "statute "). Pursuant to the statute, HCD is authorized to approve funding allocations utilizing monies made available by the State Legislature to the CalHome program, subject to the terms and conditions of the statute and the CalHome Program Regulations adopted by HCD in April 2004; and C. The City of Gilroy wishes to submit an application to obtain from HCD an allocation of CalHome funds in the amount of $600,000.00. IT IS NOW THEREFORE RESOLVED THAT: 1. The City of Gilroy shall submit to HCD an application to participate in the CalHome Program in response to the NOFA issued on January 22, 2013 which will request a funding allocation for the following activities: Requesting a grant in the amount of $600,000 to fund Mortgage assistance from the City of Gilroy for low, or very low income first time homebuyers within the city limits. This program to be operated within the boundaries of the City of Gilroy, California. 1 RESOLUTION NO. 2013-05 2. If the application for funding is approved, the City of Gilroy hereby agrees to use the CalHome funds for eligible activities in the manner presented in the application as approved by HCD and in accordance with program regulations cited above. It also may execute any and all other instruments necessary or required by HCD for participation in the CalHome Program. 3. The City Council of the City of Gilroy authorizes the City Administrator to execute in the name of the City of Gilroy, the application, the Standard Agreement, and all other documents required by HCD for participation in the CalHome Program, and any amendments thereto. PASSED AND ADOPTED this 4th day of March, 2013, by the following roll call vote: AYES: COUNCILMEMBERS: ARELLANO, AULMAN, BRACCO, LEROE- MUNOZ, TUCKER, WOODWARD and GAGE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE APPROVED: 10VVt4"a Donald Gage, Mayor The undersigned City Clerk of the City of Gilroy there before named does hereby attest and certify that the foregoing is a true and full copy of a resolution of the City Council of the City of Gilroy, adopted at a duly convened meeting on the date above - mentioned, which has not been altered, amended or repealed. ATTEST: l: i awna Freels, City Clerk 2 RESOLUTION NO. 2013-05 I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2013 -05 is an original resolution, or true and correct copy of a city resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 0 day of March, 2013, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City Qf Gilroy this 5th day of March, 2013. Shawna Freels, City Clerk of the City of Gilroy (Seal)