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