CRA - 17RESOLUTION NO. CRA-17
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY
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 BY MAKING AVAILABLE
CERTAIN MONIES FOR PROJECT AMENITIES.
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 Redevelopment Agency of 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 Redevelopment Agency of the City of Cypress, in order to attract
a funding commitment from the Federal Department of Housing and Urban Development.
NOW, THEREFORE, the Cypress Redevelopment Agency DOES HEREBY RESOLVE
as follows:
Section 1. RECITALS. That the above recitals are true and correct.
Section 2. SUPPORT. That the public interest and convenience require,
and it is the intention of the Redevelopment Agency of the City of Cypress,
to support 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 convenience
require, and it is the intention of the Redevelopment Agency of the City
of Cypress, to make available funds not to exceed $80,000 to be used only
after selection for amenities. These amenities are only to include balconies,
patios and a tile roof for the project.
PASSED AND ADOPTED by the governing body of the Cypress Redevelopment
Agency on the 9th day of April 1984.
ATTEST:
CYPRESS RF, DEVELOPMENT AGENCY
CHAIRMAN
CYPRESS REDEVELOPMENT AGENCY
STAT~ OF CALIFORNIA )
COUNTY OF ORANGE )
SS
I, DARRELL ESSEX, Secretary of the Cypress Redevelopment Agency, DO
HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular
meeting of said Agency held on the 9th day of April 1984; by the following
roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS:
0 AGENCY MEMBERS:
0 AGENCY MEMBERS:
Coronado, Lacayo, Mullen, Partin, and Kanel
None
SEC]I~TARY//-
CYPRESS REDEVELOPMENT AGENCY