CC Resolution No. 05-023
RESOLUTION NO. 05-023
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO AUTHORIZING STAFF TO UTILIZE COMMUNITY
DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM INCOME AND
AFFORDABLE HOUSING FUNDS TO PURCHASE EXCESS STATE
PROPERTY TO DEVELOP AFFORDABLE HOUSING
WHEREAS, the Housing and Community Development Act of 1974 provides that funds
be made available for the Community Development Block Grant program; and
WHEREAS, the City of Cupertino receives Housing Mitigation fees for office and
residential development that are deposited in the Affordable Housing Fund; and
WHEREAS, the City of Cupertino understands that the CDBG and the Affordable
Housing Fund are to be used to develop much needed affordable housing; and
WHEREAS, the City of Cupertino has been offered excess State property on Cleo
Avenue adjacent to Highway 85 for $615,000 to use for the development of Affordable Housing
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Cupertino
hereby authorizes the City Manager to enter into an agreement to purchase excess State property;
and
BE IT FURTHER RESOLVED that CDBG program income and Affordable Housing
Fund monies be used to acquire the excess State property; and
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this I st day of February 2005 by the following vote:
Vote
Members of the Citv Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Kwok, Lowenthal, Sandoval, Wang, James
None
None
None
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City Clerk' I'
tJ¡¡wwf¿
Mayor, City of Cupertino
ATTEST: