HomeMy WebLinkAbout028883 RES - 12/14/2010Page 1 df 2
RESOLUTION
APPROVING THE CONTINUATION OF THE CORPUS CHRISTI
BUSINESS AND JOB DEVELOPMENT CORPORATION'S
AFFORDABLE HOUSING — NEW CONSTRUCTION PROGRAM FOR
FY 2010-2011
WHEREAS, the Corpus Christi Business and Job Development Corporation ("Type A
Board") has budgeted $250,000 of its FY 2010-2011 affordable housing funds for the
continuation of its Affordable Housing -- New Construction Program;
WHEREAS, the Affordable Housing — New Construction Program makes up to $20,000
available to new low and moderate income home buyers for down payment assistance;
WHEREAS, the assistance is provided in coordination with qualified home builders on a
first come, first serve basis until the funds are expended; and
WHEREAS, City Council deems that it is the best interest of the City and citizens to
continue the Affordable Housing — New Construction Program.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the continuation of the Type A Board's Affordable Housing — New
Construction Program isapproved.
ATTEST:
MYKN,9re-e-e---
THE CITY OF CORPUS CHRISTI
ad-ets44,
Armando Chapa Joe A me
City Secretary Mayor
APPROVED: 10th day of December, 2010.
R. Ining
First Assistant City Attorney
For City Attorney
028883
RESOLUTION -- Affordable Housing -- New Construction Program 12102010
INDEXED
Corpus Christi, Texas
1441 of bewidoth.
2010
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
Linda Strong
028883
RESOLUTION -- Affordable Housing -- New Construction Program 12102010
Page 2 of 2
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I the Director of Financial Services of the City of Corpus Christi, Texas, hereby certify to the City
Counciland other appropriate officers that the money required for the current fiscal year's portion
of the contract, agreement, obligation or expenditure described below is in the Treasury to the credit
of the Fund specified below, from which it is to be drawn, and has not been appropriated for any
other purpose. Future payments are subject to annual appropriation by the City Council.
City Council Action Date:
Agenda Item:
A. resolution approving the continuation of the Corpus Christi Business and Jo Development
Corporation's Affordable Housing- New Construction Program. for FY2010-2011 3 ,Q50 60O
A. resolution approving the Corpus Christi Business and Job Development Corporation's Affordable
Housing- Existing Housing Inventory Program and the Program Guidelines ltJ D O D
;mount Required:
Fund Name
=C-orpus"Christi Christi-Businesss &
Job Development
Corporation
$500,000
Account No.
530000
Fund No.
1140
Org. No.
15000
Project No.
Amount
$500,000
Total.'
Certification Not Required
tr."- Director of Financial Services
Date: 12---Z•10
$
$500,000