HomeMy WebLinkAboutCity Council Resolution 06-004RESOLUTION N0.06-004
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AUTHORIZING TRANSFER OF SIX (6) EXISTING HOUSING REHABILITATION
LOANS TO SANTA CLARA COUNTY
WHEREAS, the City at one time managed and provided funds for low-income housing
rehabilitation projects through the Community Development Block Grant (CDBG) program; and
WHEREAS, the City has entered into a Joint Powers Agreement with Santa Clara
County under the Housing and Community Development Act whereby the County now manages
a low-income housing rehabilitation program for the City; and
WHEREAS, the City is continuing to manage six (6) outstanding rehabilitation loans
that were processed prior to entering into the existing Joint Powers Agreement totaling
$124,957.81; and
WHEREAS, the County has agreed to accept transfer and manage the six (6) outstanding
loans; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Saratoga hereby authorizes the City Manager to execute said transfer of the six (6) existing
housing rehabilitation loans illustrated above from the City of Saratoga to Santa Clara County.
PASSED AND ADOPTED this 1 sth day of February 2006, by the following roll call vote:
AYES: Councilmembers Kathleen King, Nick Streit, Ann Waltonsmith,
Vice Mayor Aileen Kao
NOES: None
ABSTAIN: None
ABSENT: Mayor Norman Kline
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Aileen Kao, Vice Mayor
ATTEST: