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HomeMy WebLinkAbout8282AUTHORIZING RESOLUTION RESOLUTION NO 8282 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS, CALIFORNIA AUTHORIZING JOINT APPLICATION TO AND PARTICIPATION IN THE HOMEKEY PROGRAM WHEREAS A. The Department of Housing and Community Development ("Department") has issued a Notice of Funding Availability, dated September 9, 2021 ("NOFA"), for the Homekey Program ("Homekey" or "Program") The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675 1 3 (Assem Bill No 140 (2021-2022 Reg Sess ), § 20 ) B City of Redlands ("Co -Applicant") desires to jointly apply for Homekey grant funds with Shangri-La Industries, a Delaware limited liability company ("Corporation") Therefore, Co -Applicant is joining Corporation in the submittal of an application for Homekey funds ("Application") to the Department for review and consideration C The Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6 7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code) Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department -approved STD 213, Standard Agreement ("Standard Agreement"), and all other legal requirements of the Homekey Program THEREFORE, IT IS RESOLVED THAT 1 Co -Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $30,000,000 2 If the Application is approved, Co -Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $30,000,000, any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the "Homekey Documents") 3 Co -Applicant acknowledges and agrees that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated in the Standard Agreement by reference and made a part thereof Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement. 4 Mayor Paul T Barich is authorized to execute the Application and the Homekey Documents on behalf of Co -Applicant for participation in the Homekey Program PASSED AND ADOPTED this 16th day of November, 2021, by the following vote AYES [ 5 1 NAYES. [ 0 1 ABSTAIN [ 0 1 ABSENT [ 0 1 The undersigned, Jeanne Donaldson, City Clerk of Co -Applicant, does hereby attest and certify that the foregoing is a true and full copy of a resolution of the governing body adopted at a duly convened meeting on the date above -mentioned, and that the resolution has not been altered, amended, or repealed SIGNATURE NAME Jeanne Donaldson ,a.,,,,,, DATE November 16, 2021 TITLE City Clerk [NOTICE AND INSTRUCTIONS APPEAR ON THE FOLLOWING PAGE] NOTICE AND INSTRUCTIONS 1 Notice The Department is providing this template Authorizing Resolution as informational guidance only The Department encourages each Co -Applicant to consult with professional legal counsel during the development of its own formal, legally binding statement that it is authorized to apply to and participate in the Homekey Program a Please note, however, that any limitations or conditions on the authority of the signatory or signatories to execute the Application or the Homekey Documents may result in the Department rejecting the Authorizing Resolution 2 Accuracy, Verification. The Department will verify that this Authorizing Resolution comports with the legal authority and composition of Co -Applicant's governing body Co -Applicant must timely notify the Department, in writing, of any factors that limit its ability to provide an Authorizing Resolution which is materially in line with this template 3 Dollar Amounts of Grant Awards The Department recommends identifying an authorized dollar amount that is at least double the anticipated award (based on current formula calculations) Award amounts are subject to change If Co -Applicant is ultimately awarded an amount in excess of the amount identified in the Authorizing Resolution, the Department will require a new Authorizing Resolution from Co - Applicant before execution of a Standard Agreement. 4 Authorized Signatory or Signatories, Designee Co -Applicant, as a state, regional, or local public entity, may designate an authorized signatory by title only In addition, Co -Applicant may authorize multiple signatories, so long as there is clarifying language as to whether the signatories are authorized to execute the Homekey Documents individually or collectively In addition, Co -Applicant may authorize a designee of the authorized signatory to execute the Homekey Documents In such case, Co -Applicant must append a supporting document (e g , memorandum, meeting notes of official action), which indicates the name and title of the designee who is authorized to legally bind the governing body 5 Vote Count. Please fill out the field by every voting category (i e , Ayes, Nayes, Abstain, Absent) If none, please indicate zero (0) for that field The vote count must comport with the legal authority and membership of the Co -Applicant's governing body 6 Certification of Authorizing Resolution The individual who certifies the Authorizing Resolution cannot also be authorized to execute the Homekey Documents on behalf of Co -Applicant.