HomeMy WebLinkAbout2004-12 CRA
1559/28/2004
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RESOLUTION NO. CRA 2004-12
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA AUTHORIZING THE SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA HOUSING FINANCE
AGENCY FOR FUNDING UNDER THE HELP PROGRAM
BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA AS FOLLOWS:
1 . The Community Redevelopment Agency of the City of Santa Ana hereby finds,
determines and declares as follows:
A. The Agency wishes to apply for and receive an allocation of funds from the
California Housing Finance Agency (UCaIHFA") through the Housing Enabled
by Local Partnerships ("HELP") Program; and
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B. CalHFA has announced the availability of funds through the HELP Program.
The HELP Program offers a three percent (3%) loan to local government
agencies for locally determined affordable housing activities and priorities
C. The Agency wishes to submit an application to CalHFA for a $2,000,000.00
HELP Program loan.
2. The Community Redevelopment Agency of the City of Santa Ana approves the
submittal of an application to CalHFA through the HELP Program to request an
allocation of Two Million Dollars ($2,000,000.00) for the acquisition of 1029, 1101, 1122
and 1126 South Minnie Street.
3. The Community Redevelopment Agency of the City of Santa Ana authorizes the
Executive Director of the Community Redevelopment Agency, in the name of the
Agency, to execute the Application, to incur indebtedness and execute the Loan
Agreement, to commit Agency resources as detailed in the proposal and to take other
actions necessary to facilitate the proposed program.
4. If the application is approved, the Community Redevelopment Agency of the City
of Santa Ana agrees to use the HELP Program loan for eligible activities in the manner
presented in the application as approved by CalHFA and in accordance with program
guidelines.
ADOPTED this 20th day of September, 2004.
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Resolution No. CRA 2004-12
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APPROVED AS TO FORM:
Joseph W. Fletcher
Agency General Counsel
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Laura Sheedy
Assistant Counsel
NOES:
Boardmembers:
Alvarez. Bist. Christy. Franklin. Garcia. Pulido
Solorio (7)
None (0)
AYES:
Boardmembers:
ABSTAIN:
Boardmembers:
None (0)
NOT PRESENT: Boardmembers:
None (0)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Secretary of the Community Redevelopment Agency, do hereby
certify the attached Resolution No. CRA 2004-12 to be the original resolution adopted by
the Community Redevelopment Agency of the City of Santa Ana on September 20. 2004.
Date:
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7/;<1 ð t/
I I
Secretary, ommunity Redevelopment Age
City of Santa Ana
Resolution No. CRA 2004-12
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