Resolution No. 2912293
RESOLUTION NO. 2912
A RESOLUTION OF THE CITY OF CYPRESS, CALIFORNIA,
DECLARING ITS INTENTION TO PROCEED WITH ACTIONS
TO SUPPORT THE SUBMITTAL OF A PRELIMINARY
APPLICATION FOR FUNDING UNDER THE FEDERAL DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT 202/8 PROGRAM.
WHEREAS, there is a shortage of affordable housing for the low and
moderate income elderly of the Cypress area; and
WHEREAS, the shortage of affordable housing has forced many of the
elderly into substandard living conditions; and
WHEREAS, the City of Cypress has a responsibility to assist where
possible in the provision of decent, safe and affordable housing of the
elderly; and
WHEREAS, the nonprofit co-sponsors, National Church Residences and
Affordable Development Corporation, require certain assistance and support
from the City of Cypress in order to attract a funding commitment from the
Federal Department of Housing and Urban Development;
NOW, THEREFORE, IT IS HEREBY RESOLVED, by the City of Cypress, as
follows:
Section 1. RECITALS. That the above recitals are true and correct.
Section 2. SUPPORT. That the public interest and convenience requires,
and it is the intention of the City of Cypress, to support the nonprofit
co-sponsors, National Church Residences and Affordable Development Corporation,
in their efforts to attract the required federal construction and mortgage
commitments and rental assistance funding sought under the 202/8 program.
Section 3. FINANCIAL ASSISTANCE. That the public interest and con-
venience requires, and it is the intention of the City Council to order the
provisions of Housing and Community Development Block Grant funds in an
amount not to exceed $160,000 to be used only after selection for land
write down, minimum capital investment requirements and pre -development and
offsite improvement costs.
Section 4. PROCESSING. That the City of Cypress will give priority
consideration to the processing of development application associated with
this development.
PASSED AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the 22nd day of April 1985.
ATTEST:
/
y7 GL/
CITY CLE OF THE C ITY F CYPRESS
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE )
MAY0
F THE CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted at a regular meeting of the
said City Council held on the 22nd day of April 1985, by the following roll
call vote:
AYES: 5 COUNCIL MEMBERS: Coronado, Laceyo, Mullen, Partin and Kanel
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None