Resolution No. 2655251
RESOLUTION NO. 2655
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 sub -standard 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 non-profit 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
non-profit co-sponsors, National Church Residences and Affordable Develop-
ment Corporation, in their efforts to attract the required federal construc-
tion and mortgage commitments and rental assistance funding sought under
the 202/8 program.
Section 3. FINANCIAL ASSISTANCE. That the public interest
and convenience requires, and it is the intention of the City Council to
order the provision of Housing and Community Development Block Grant
funds in an amount not to exceed $160,000 to be used only after selection
for land writedown, 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 an
adjourned regular meeting held on the 13th day of June 1983
ATTEST:
CITY CLERK OF THE CI OF CYPRESS
STATE OF CALIFORNIA )SS
COUNTY OF ORANGE )
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 13th day of June 1983 , by the following roll
AYES: 4 COUNCIL MEMBERS: Coronado, Kanel, Mullen, and Partin
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Lacayo ��
///n111 H CI
CITY CLERK 0 THE CI OF
CYPRESS