RES 05025 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, ALAMEDA RESOLUTION NO. 05-025 RESOLUTION APPROVING THE ALLOCATION OF FEDERAL AND CITY FUNDS RELATIVE TO THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) AND HOME INVESTMENT PARTNERSHIP (HOME) PROGRAMS FOR FISCAL YEAR 2005 (2005/06) WHEREAS, Community Development Block Grant (CDBG) and Home Investment Parmership Program (HOME) funds are distributed to metropolitan cities, urban counties, states, and consortia of local governments by the Department of Housing and Urban Development (HUD); and WHEREAS, HUD encourages jurisdictions to plan for the use of federal funds in three-year program cycles for the purposes of planning and implementation of housing and community development programs; and WHEREAS, the City of Pleasanton is a HUD Entitlement City and will be submitting a five- year Consolidated Plan and annual Action Plan with projects for CDBG funding for Fiscal Year 2005; and WHEREAS, the City of Pleasanton is a participating jurisdiction under the Alameda County HOME Consortium and receives an annual formula allocation of federal funds from the Home Investment Partnership Program (HOME) to enable certain housing projects and activities which benefit low income persons; and WHEREAS, the City Council finds that the use of City Lower Income Housing Funds to supplement CDBG funds is an appropriate use under certain conditions as listed in Resolution No. 94-80 adopted in July 1994; and WHEREAS, at its meeting of April 19, 2005, the City Council reviewed the report of the Deputy City Manager (SR:05:103) regarding the proposed CDBG and HOME program funding allocation for Fiscal Year 2005;