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2012-035 - Authorizing The Office Of Affordable Housing In Santa ClaraRESOLUTION 2012 -035 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AUTHORIZING THE OFFICE OF AFFORDABLE HOUSING IN SANTA CLARA COUNTY TO ASSUME SERVICING OF THE TOWN OF LOS GATOS HOUSING CONSERVATION AND REHABILITATION PROGRAM WHEREAS, the Town is operating under a three year (October 1, 2011 through October 1, 2014) Joint Powers Agreement with Santa Clara County to form an Urban County under the Housing and Community Act; and WHEREAS, the County of Santa Clara has assumed administration of the Housing Conservation and Rehabilitation Program; and WHEREAS, allocated funds are available in the amount of $87,362.78 in the Housing Conservation and Rehabilitation Program. RESOLVED, that the Town Council authorizes the Office of Affordable Housing of Santa Clara County to assume the servicing the Town's existing rehabilitation loans, manage new loans including transferring existing rehabilitation loan funds to cover the cost associated with new loans. BE IT FURTHER RESOLVED, that the Town Council hereby designates the Town Manager or his designee to assume the responsibility to execute the transfer of the $87,362.78 in housing conservation and rehabilitation program to the County of Santa Clara Office of Affordable Housing. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 4 "' day of June, 2012 by the following vote: COUNCIL MEMBERS: AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice NAYS: ABSENT: ABSTAIN: SIGNED: MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST` WAAx CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA