HomeMy WebLinkAboutRES 14-09RESOLUTION NO. 14-09
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY
OF APACHE JUNCTION, ARIZONA COMMITTING LOCAL FUNDS AS
LEVERAGE FOR A FY2013-14 STATE HOUSING FUND
APPLICATION.
WHEREAS, the City of Apache Junction has adopted
Resolution No. 14-10 which authorizes submission of an
application(s) to the State of Arizona, Department of Housing
("ADOH") for State Housing Fund ("SHF") funds for FY2013-14;
and
WHEREAS, that application indicate that $28,000 will be
committed by the City of Apache Junction as leveraged funds,
in the form of cash or resources to be combine with State
funds 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 $28,000 in funds
and resources to the SHF Program, to be used for project
costs, contingent upon the receipt of the FY2013-14 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. 14-09
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PASSED AND ADOPTED BY THE MAYOR AND CITY ,COUNCIL OF THE
CITY /OF APACHE JUNCTION, ARIZONA, THIS /,5-r DAY OF
JOYLIc-, 2014
SIGNED AND ATTESTED TO THIS /-511.DAY OF AeAhL
2014.
ATTES
JOUN/S. INSALACO
Ma
KATHLEEN CONNELLY
City Clerk
APPROVED AS TO FORM:
RICHARD J. STERN
City Attorney
RESOLUTION NO. 14-09
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