RES 221330 - Laserfiche WebLink

Resolution No. 22-1330 Page 2 of 2 SECTION 5: The City of Pleasanton certifies that it will subgrant some or all of its PLHA funds to another entity or entities. Pursuant to Guidelines Section 302(c)(3), "entity" means a housing developer or program operator, but does not mean an administering Local government to whom a Local government may delegate its PLHA allocation. SECTION 6: The City of Pleasanton certifies that its selection process of these subgrantees will be accessible to the public and shall avoid any conflicts of interest. SECTION 7: Pursuant to the City of Pleasanton's certification in this resolution, the PLHA funds will be expended only for eligible Activities and consistent with all program requirements. SECTION & The City of Pleasanton certifies that, if funds are used for acquisition, construction or rehabilitation of for-sale housing projects, the grantee shall record a deed restriction against the property that will ensure compliance with one of the requirements stated in Guidelines Section 302(c)(6(A), (B), and (C). SECTION 9: The City of Pleasanton certifies that, if funds are used for development of an Affordable Rental Housing Development, the Local government shall make PLHA assistance in the form of a low-interest, deferred loan to the Sponsor of the Project, and such loan shall be evidenced through a Promissory Note secured by a Deed of Trust and a Regulatory Agreement shall restrict occupancy and rents in accordance with a Local government-approved underwriting of the Project for a term of at least 55 years. SECTION 10: The City of Pleasanton shall be subject to the terms and conditions as specified in the Standard Agreement, the PLHA Program Guidelines and any other applicable SB 2 Guidelines published by the Department. SECTION 11: Gerry Beaudin, Pleasanton's City Manager, is authorized to execute the PLHA Program Application, the PLHA Standard Agreement and any subsequent amendments or modifications thereto, as well as any other documents which are related to the Program or the PLHA grant awarded to Applicant, as the Department may deem appropriate. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on November 1, 2022. I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 1 st day of November 2022, by the following vote: Ayes: Councilmembers Arkin, Balch, Narum, Testa, Mayor Brown Noes: None Absent: None Abstain: None J cflyn Kw ng, ety Clerk APPROVED AS TO FORM: 449144ttl_ Daniel Sodergren, Ofty Attorney