HomeMy WebLinkAboutRES 07-33RESOLUTION NO. 07-33
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY
OF APACHE JUNCTION COMMITTING LOCAL FUNDS AS LEVERAGE
FOR A FY2007 STATE HOUSING FUND (SHF) APPLICATION.
WHEREAS, the City of Apache Junction has adopted
Resolution Number 07-32 which authorizes submission of an
application(s) to the State of Arizona, Department of Housing
("ADOH") for State Housing Fund ("SHF") funds for FY2008; and
WHEREAS, that applications indicate that $5,000 will be
committed by the City of Apache Junction as leveraged funds,
in the form of cash or resources to be used to complete the
program; and
WHEREAS, the SHF Program requires that all local
leveraged funds/resources be committed in the form of a
resolution by the governing body, and that such a commitment
contain an opinion by the applicant's legal counsel that the
leveraged funds represent a binding commitment, legally
enforceable under State laws.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF APACHE JUNCTION, ARIZONA, AS FOLLOWS:
1) The Mayor and City Council hereby commit $5,000 in funds
and resources to the SHF Program, to be used for project
costs, contingent upon the receipt of the FY2008 SHF
assistance.
2) That the Mayor and City Council of the City of Apache
Junction hereby find that this commitment is legally
binding based on the legal opinion of the City attorney,
and that such funds will be available for an audit at the
termination of the grant, if so required by ADOH.
RESOLUTION NO. 07-33
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PASSED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY
OF APACHE JUNCTION, ARIZONA, THIS 21st DAY OF
August ,2007.
SIGNED AND ATTESTED TO THIS 21st
2007.
DAY OF August
aeL,
JOHN(7. INSALACO
MayoV
ATTET:
Z Z b 2?
KATHLEEN CONNELLY
APPROVED AS TO -FORM:
RICHARD J. STERN
City Attorney
RESOLUTION NO.07-33
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