HomeMy WebLinkAbout028-2011RESOLUTION NO. 28 -2011
APPROPRIATING FUNDS AND AUTHORIZING THE TOWN MANAGER TO
EXECUTE A CONTRACT FOR A $25,000 LOAN TO THE TRI- VALLEY HOUSING
OPPORTUNITY CENTER
WHEREAS, the Town of Danville recognizes the efficiency of coordinating Tri- Valley
Area housing efforts through the Tri - Valley Housing Opportunity Center (the Center);
and
WHEREAS, the Town of Danville also recognizes that the Center plays an integral role
in connecting Danville residents with information on applicable services; and
WHEREAS, the Center has made a request for financial assistance in the form of a
$25,000 loan to stabilize and sustain operations as the organization completes its
restructuring and long -term asset development plans; and
WHEREAS, Policies contained within the Town of Danville's 2007 -2014 Housing
Element serve to direct that Town action be taken to work with local financial
institutions and builders to promote homeownership opportunities, expand financial
resources available for affordable housing, and to promote the development of
affordable housing through intergovernmental coordination; now, therefore, be it
RESOLVED that the Danville Town Council appropriates $25,000 from the General
Fund to serve as a loan to the Tri- Valley Housing Opportunity Center; and, be it further
RESOLVED that the Danville Town Council authorizes the Town Manger, on behalf of
the Town, to review and execute a contract that serves to coordinate and direct the
terms of the financial support.
APPROVED by the Danville Town Council at a regular meeting on March 15, 2010 by
the following vote:
AYES Stepper, Andersen, Arnerich, Doyle, Storer
NOES: None
ABSTAINED: None
ABSENT: None
�s
OVED AS TO FORM:
1 T�Ai6eris
CITY ATTORNEY
ATTEST:
CITY CLER