Reso 23-058 Authorizing Joint Application to Homekey 3.0

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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2023-058 RESOLUTION OF THE CITY OF SAN LEANDRO CITY COUNCIL AUTHORIZING JOINT APPLICATION TO AND PARTICIPATION IN THE HOMEKEY PROGRAM WHEREAS, the California Department of Housing and Community Development ("Department") has issued a Notice of Funding Availability, dated March 29, 2023 ("NOFA"), for the Homekey Program ("Homekey" or "Program"). The Department has issued the NOFA for Homekey grant funds pursuant to California Health and Safety Code section 50675.1.3 (Assem. Bill No. 140 (2021-2022 Reg. Sess.), § 20.); and WHEREAS, the City of San Leandro ("Co -Applicant") desires to jointly apply for Homekey grant funds with Housing Consortium of the East Bay, Inc., ("Corporation"). Therefore, Co -Applicant is joining Corporation in the submittal of an application for Homekey funds ("Application") to the Department for review and consideration; and WHEREAS, the Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code. Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department -approved STD 213, Standard Agreement ("Standard Agreement"), and all other legal requirements of the Homekey Program. NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: 1. The City of San Leandro, as the Co -Applicant, is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $20,000,000,00. 2. If the Application is approved, Co -Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $20,000,000.00, any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the "Homekey Documents"). 3. Co -Applicant acknowledges and agrees that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated into the Standard Agreement by reference and made a part thereof. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement. 4. The City Manager, or her designee, is authorized to execute the Application and the Homekey Documents on behalf of Co -Applicant for participation in the Homekey Program. 5. The City Council approves up to $7,100,000.00 in General Fund monies as an