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Home My WebLink AboutRESO 10001 1 0160056_20211104_ay16 Resolution No. 10001 A Resolution of the City of Palo Alto Authorizing Joint Application to the Project Homekey Program (Revised) R E C I T A L S A. WHEREAS, the Department of Housing and Community Development (Department) has issued a Notice of Funding Availability (NOFA), dated September 9, 2021, for the Homekey Program (“Homekey” or “Homekey Program”). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code (HSC) Section 50675.1.3 (Assembly Bill No. 140 (2021-2022 Reg. Session)); and B. WHEREAS, the City of Palo Alto (Co-Applicant) desires to jointly apply for Homekey grant funds with LifeMoves (Corporation). Toward that end, Co-Applicant is joining Corporation in the submittal of an application for Homekey funds (Application) to the Department for review and consideration; and C. WHEREAS, the City Council for the City of Palo Alto adopted Resolution No. 999 5 on September 27, 2021, authorizing a joint application with LifeMoves for Homekey grant funds and now wishes to update the projected grant request and budget based on new information; and D. WHEREAS, the Department is authorized to administer Homekey funds pursuan t 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 Palo Alto RESOLVES as follows: SECTION 1. Co-Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, dated September 9, 2021, and to jointly apply for Homekey grant funds in a total amount not to exceed $27 million. That amount includes $22.17 million for capital expenditures (as allowed under Health and Safety Code, Section 50675.1.3 and $3.89 million for a capitalized operating subsidy (as allowed under Health and Safety Code, Section 50675.1.3). SECTION 2. If the Application is approved, the City Manager, on behalf of Co-Applicant, is hereby authorized to ensure that any funds awarded for capital expenditures are spent within 8 months of the date of award and that any funds awarded for capitalized operating subsidies are spent by June 30, 2026. DocuSign Envelope ID: AB01F377-9D62-40B9-96B2-953C7EEFC42E 2 0160056_20211104_ay16 SECTION 3. If the Application is approved, Co-Applicant is hereby authorized to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $27 million, 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”). SECTION 4. Co-Applicant acknowledges and agrees that if the Application is approved, it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated in 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. SECTION 5. Ed Shikada, City Manager, or their designees, are authorized to execute the Application and the Homekey Documents on behalf of Co -Applicant for participation in the Homekey Program. INTRODUCED AND PASSED: November 1, 2021 AYES: BURT, CORMACK, DUBOIS, FILSETH, KOU, STONE NOES: TANAKA ABSENT: ABSTENTIONS: ATTEST: __________________________ _____________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: __________________________ _____________________________ Assistant City Attorney City Manager DocuSign Envelope ID: AB01F377-9D62-40B9-96B2-953C7EEFC42E Certificate Of Completion Envelope Id: AB01F3779D6240B996B2953C7EEFC42E Status: Completed Subject: Please DocuSign: RESO 10001 Updated Resolution to Apply for Project Homekey 2021.docx Source Envelope: Document Pages: 2 Signatures: 4 Envelope Originator: Certificate Pages: 2 Initials: 0 Danielle Kang AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) 250 Hamilton Ave Palo Alto , CA 94301 Danielle.Kang@cityofpaloalto.org IP Address: 199.33.32.254 Record Tracking Status: Original 11/2/2021 7:13:59 PM Holder: Danielle Kang Danielle.Kang@cityofpaloalto.org Location: DocuSign Security Appliance Status: Connected Pool: StateLocal Storage Appliance Status: Connected Pool: City of Palo Alto Location: DocuSign Signer Events Signature Timestamp Albert Yang Albert.Yang@CityofPaloAlto.org Assistant City Attorney City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 97.126.63.205 Sent: 11/2/2021 7:15:13 PM Viewed: 11/2/2021 8:18:48 PM Signed: 11/9/2021 9:39:12 AM Electronic Record and Signature Disclosure: Not Offered via DocuSign Ed Shikada Ed.Shikada@CityofPaloAlto.org Ed Shikada, City Manager City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 11/9/2021 9:39:14 AM Viewed: 11/9/2021 11:41:47 AM Signed: 11/9/2021 11:42:05 AM Electronic Record and Signature Disclosure: Not Offered via DocuSign Tom DuBois tomforcouncil@gmail.com Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 24.5.55.204 Sent: 11/9/2021 11:42:06 AM Viewed: 11/9/2021 3:16:18 PM Signed: 11/9/2021 3:16:23 PM Electronic Record and Signature Disclosure: Not Offered via DocuSign Lesley Milton Lesley.Milton@CityofPaloAlto.org City Clerk Security Level: Email, Account Authentication (None)Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 11/9/2021 3:16:25 PM Viewed: 11/9/2021 3:23:16 PM Signed: 11/9/2021 3:23:22 PM Electronic Record and Signature Disclosure: Not Offered via DocuSign In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 11/2/2021 7:15:13 PM Certified Delivered Security Checked 11/9/2021 3:23:16 PM Signing Complete Security Checked 11/9/2021 3:23:22 PM Completed Security Checked 11/9/2021 3:23:22 PM Payment Events Status Timestamps