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HomeMy WebLinkAbout2001 064 CC RESO2001 064 CC RESO¹òw @˜‰ç2001 RESO 2001-064–"[HmRESOLUTION NO. 2001-064 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK AUTHORIZING THE EXECUTION AND SUBMITTAL OF A HOUSING AND URBAN DEVELOPMENT HUD) SECTION 108 LOAN FUNDING APPROVAL/AGREEMENT RELATING TO THE LEWIS RETAIL PROJECT WHEREAS, On October 18, 2000, the City Council of the City of Baldwin Park took formal policy action to amend the fiscal year 2000/2001 annual Action Plan of the City's Community Development Block Grant Program to include the submittal of a Section 108 loan application for the Lewis Retail Project; and WHEREAS, On October 18, 2000, the City Council of the City of Baldwin Park also took formal policy action authorizing the submittal of a $6 million Section 108 loan application to assist with the development of the Lewis Retail Project; and WHEREAS, On November 7, 2000, the City of Baldwin Park submitted said Section 108 loan application to HUD; and WHEREAS, On June 13, 2001, HUD informed the City of its conditional approval of the City's Section 108 loan application and requested that the City execute and submit a Funding Approval/Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The city Council hereby authorizes the execution and submission of a Funding Approval/Agreement as required by HUD for the Lewis Retail Project Section 108 loan. SECTION 2. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect. BIB] 37209-U01 2001-U02 RESO-U02 2001-064-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 064-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 064 CC RESO¹òw @˜‰ç2001 RESO 2001-064–"[HmCity Resolution No. 2001-064 Page 2 APPROVED AND ADOPTED this 20th day of June, 2001. ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. CITY OF BALDWIN PARK I, Rosemary M. Ramirez, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing resolution was duly and regularly approved and adopted by the City Council at its regular meeting held on June 20, 2001, by the following: AYES: COUNCIL MEMBER: NOES: COUNCIL MEMBER: ABSENT: COUNCIL MEMBER: ABSTAIN: COUNCIL MEMBER: Marlen Garcia, Ricardo Pacheco, Bill Van Cleave, Mayor Manuel Lozano, Mayor Pro Tern Linda Gair NONE Rosemary M.'Ramirez, CMC Deputy City Clerk BIB] 37209-U01 2001-U02 RESO-U02 2001-064-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 064-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 064 CC RESO¹òw @˜‰ç2001 RESO 2001-064–"[HmFunding Approval/Agreement U.S. Department of Housing and Urban Development Office of Community Planning and Development Community Development Block Grant Program Title I of the Housing and Community Development Act Public Law 930383) HI-00515R of 20515R 1. Name of Grantee as shown In item 5 of Standard Form 424) City of Baldwin Park 3. Grantee's 9-digit Tax ID Number 4. Date use of funds may begin mm/dd/yyyy) 2. Grantee's Complete Address as shown in Item 5 of Standard Form 424)14403 East Pacific Avenue Baldwin Park, California 91706 Sa-Project/Grant No. 1 B-OO-MC-06-0554 6aAnwunt Approved 5b.Project/Grant No. 2 6b.Amoum Approved Project/Grant No. 3 6c.Amount Approved Grant Agreement: This Grant Agreement between the Department of Housing and Urban Development HUD) and the above named Grantee is made pursuant to the authority of Title I of the Housing and Community Development Act of 1974, as amended, 42 USC 5301 et seq.). The Grantee's submissions for Title I assistance, the HUD regulations at 24 CFR Part 570 as now in effect and as may be amended from time to time), and this Funding Approval, including any special conditions, constitute part of the Agreement. Subject to the provisions of mis Grant Agreement, HUD will make the funding assistance specified here available to the Grantee upon execution of the Agreement by the parties. The funding assistance specified in the Funding Approval may be used to pay costs incurred after the date specified in item 4 above provided the activities to which such costs are related are carried out in compliance with all applicable requirements. Prc-agrecment costs may not be paid with funding assistance specified here unless they are authorized in HUD regulations or approved by waiver and listed in the special conditions to the Funding Approval. The Grantee agrees to assume all of the responsibilities for environmental review, decision making, and actions, as specified and required in regulations issued by the Secretary pursuant to Section 104(g) of Title I and published in 24 CFR Part 58. The Grantee further acknowledges iis responsibility for adherence to the Agreement by sub-recipient entities to which it makes funding assistance hereunder available. Grantee Name City of Baldwin Park Title Mayor Date mm/dd/yyyy) 7///0/ U.S. Department of Housing and Urban Development By Name) Donna M. Abbenante Title ActioflGen. Deputy Asst Secretary for Community Planning and Development Signature Signature Date mm/dd/yyyy) 3/W<r 7h. jiMj^^ 7. Cateyty of Title I Assistance for this Funding Action check only one) 8. Special Conditions check one) n None x] Attached Q a. Entitlement, Sec 106(b) \ b. State-Administered, Sec 106(d)(1) i~j c. HUD-Administered Small Cities, Sec 106(d)(2)(B) I d. Indian CDBG Programs, Sec 106(a)(1) Q e. Surplus Urban Renewal Funds, Sec 112(b) 11. Amount of Community Development Block Grant j f. Special Purpose Grants, Sec 107 jxj a- Loan Guarantee, Sec 108 a. Funds Reserved for this Grantee 9a. Date HUD Received Submission mm/dd/yyyy) 9b. Date Grantee Notified mm/dd/yyyy) 9c. Dale of Start ol Program Year mm/dd/yyyy) 10. check one rja.Orig. Funding Approval r>T] b. Amendment Amendment Number FY(yyyy) FY(yyyy) FY(yyyy) b. Funds now being Approved c. Reservation to be Cancelled 11 a minus lib) 12a. Amount of Loan Guarantee Commitment now being Approved $6,000,000 12b. Name and complete Address of Public Agency Loan Guarantee Acceptance Provisions for Designated Agencies: The public agency hereby accepts the Grant Agreement executed by the Department Housing and Urban Development on the above date with respect to the above grant number(s) as Grantee designated to receive loan guarantee assistance, and agrees to comply with the terms and conditions of the Agreement, applicable regulations, and other requirements of HUD now or hereafter in effect, pertaining to the assistance provided it. 12c- Name of Authorized Official for Designated Public Agency Title Signature Date mm/dd/yyyy) HUD Accounting use Only TAP i—,——,—,—.Program Y A Reg Area Document No. Project Number Category r innrinr"Trrinn— Batch Amount___Effective Date mm/dd/yyyy) F \\7Q LIU__ I I I I Y Project Number Amount nYn TTTT- Project Number Amount U I Date Entered PAS mm/dd/yyyy) Date Entered LOCCS mm/dd/yyyy) Batch Number Transaction Code Entered By Verified By 24 CFR 570 fnrm H(in-7nfl7 UW) BIB] 37209-U01 2001-U02 RESO-U02 2001-064-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 064-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 064 CC RESO¹òw @˜‰ç2001 RESO 2001-064–"[Hm8. Special Conditions: a) In the event the applicant shall fail to submit a promissory note or other obligation to the Secretary for inspection and guarantee before May 31, 2002, this commitment shall terminate and expire as of such date. b) The repayment schedule for the guaranteed loan shall be acceptable to the Secretary. c) Pursuant to 24 CFR 570 705 b) 3) the applicant shall furnish such additional security for the loan guarantee as the Secretary deems appropriate. Such additional security shall be specified in the contract required under 24 CFR 570.705(b)(1). d) Prior to submitting notes or other obligations for inspection and guarantee by HUD, the County shall submit information required under Section 102(b) of the Department of Housing and Urban Development Reform Act of 1989 42 U.S.C. 3531). This information shall be submitted to HUD's Los Angeles Area Office. BIB] 37209-U01 2001-U02 RESO-U02 2001-064-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 064-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8459-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04