HomeMy WebLinkAboutRES 20-26RESOLUTION NO. 20-26
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE
CITY OF APACHE JUNCTION, ARIZONA COMMITTING LOCAL
MAXIMUM MATCHING FUNDS (AKA "LEVERAGE FUNDS"AS
CHARACTERIZED IN ADOH 4-1-20 NOFA)FOR A FY 2020
STATE HOUSING FUND APPLICATION.
WHEREAS,the City of Apache Junction has adopted
Resolution No.20-25 which authorizes submission of an
application(s)to the State of Arizona,Department of
Housing ("ADOH")for State Housing Fund ("SHE")funds for
FY2018; and
WHEREAS, the application (s)indicate that $38,500 will
be committed by the City of Apache Junction as the city's
maximum matching funds,in the form of cash or resources to
be combined with state funds to complete the program; and
WHEREAS,the SHE program requires that all local
maximum matching 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 maximum matching funds represent a binding
commitment, legally enforceable under state law.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF APACHE JUNCTION,ARIZONA,AS
FOLLOWS:
SECTION 1:
The mayor and city council hereby commit maximum matching
funds and resources of $38,500 to the SHE program,to be
used for project costs, contingent upon the receipt of the
FY2020 SHF assistance.
SECTION 2:
That the mayor and city council of the City of Apache
Junction,Arizona,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. 20-26
PAGE 1 OF 2
PASSED AND ADOPTED B Y THE MAYOR AND CITY COUNCIL O F THE
CI T —OF
d -t<
APACHE JUNCTION,ARIZONA,THIS
,2020.
SIGNED AND ATTESTED TO THIS
2020.
ATTEST:
NNIFER/PE&A
City Clerk
APPROVED AS TO FORM:
.C_g 720-2o
RICHARD J.STERN
City Attorney
RESOLUTION NO.20-26
PAGE 2 OF 2
JEFF SE
Mayor
DAY OF
DAY O F
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