Resolution 11945CITY OF ALAMEDA RESOLUTION NO.11945
AUTHORIZING THE SUBMITTAL OF A LOAN APPLICATION, THE EXECUTION
OF A STANDARD AGREEMENT AND ANY AMENDMENTS THERETO, AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALIFORNIA
NATURAL DISASTER ASSISTANCE PROGRAM AND SECURE A COMMITMENT
OF FUNDS FROM THE CALIFORNIA DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT.
WHEREAS, the City of Alameda, a California corporation,
organized and operated under the Constitution and laws of the State
of California wishes to receive a commitment of funds and
participate in the California Natural Disaster Assistance Program
(CALDAP) for the purpose of rehabilitating residential structures
damaged or destroyed in the October 17, 1989 earthquake and
subsequent aftershocks; and
WHEREAS, the California Department of Housing and Community
Development (hereinafter referred to as the "department") is
authorized to make funds available for deferred payment loans for
the purpose of financing housing rehabilitation or reconstruction;
and
WHEREAS, the City of Alameda wishes to obtain from the
department, a commitment of funds for the purpose of providing
deferred payment loans to finance housing rehabilitation costs for
eligible borrowers under a local housing rehabilitation program and
providing for an administrative fee payable to the Local Agency for
such services; and
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
Alameda that:
(1) The City of Alameda shall submit to the department an
application for participation in CALDAP and to request a commitment
of funds for the purpose of providing deferred payment loans and
related administrative fees to finance housing rehabilitation costs
for eligible borrowers under a local housing rehabilitation program
located in Alameda, California.
(2) If the application is approved, the City of Alameda is
hereby authorized to enter into a standard agreement with the
department for the purposes set forth in the loan application and
approved by the department. It also may execute other instruments
necessary or required by the department for participation in
CALDAP.
(3) The City of Alameda is further authorized to request
amendments, including increases in fund commitments up to the
maximum amounts approved by the department and to execute any and
all documents required by the department to evidence and secure
these amendments.
(4) The City of
execute in the name of
the standard agreement,
by the department for
amendments thereto.
Alameda authorizes the City Manager to
the City of Alameda the loan application,
and other documents necessary or required
the participation in the CALDAP, and any
I, the undersigned, hereby certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the 3rd day of
April , 1990, by the following vote to wit:
AYES:
NOES:
ABSENT:
Councilmembers Arnerich, Camicia, Thomas, Withrow
and President Corica - 5.
None.
None.
ABSTENTIONS: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this 4th day of April , 1990.
City Clerk of the City of Alameda
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