CC Resolution No. 7218
RESOIIJ'I'ION No. 7218
A RESOIIJ'I'ION OF '!HE CITY CXXJNCIL OF '!HE CITY OF CIJPERI'INO
AU.OCATING $26,630 OF '!HE cnMJNITY DEVELOPMENT BLOCK GRANT (CD~)
SENIOR CITIZEN HOOSrnG FUND TO SPARK FC.IUNDATION, INC.
FOR Ao;pISITION OF REAL PROPERI'Y FOR ESTABLISHMENT OF A GEUJP CARE HCME
FOR HANDICAPPED INDIVIIUALS AND AUIH:1RIZING EXEaJ'I'ION OF
AN AGREEMENl' ÆOVIDING '!HE TERMS OF SAID ALT.DCATION
WHEREAS, the Senior Citizen Housin:J Fund was created with Cammunity
Development Block Grant I1DI1ies; ani
WHEREAS, '!he ~ of said Fund is to support housin:J projects for
low ani100derate :Inc:cme Senior citizens ani HaIrlicapped intividuals; ani
WHEREAS, the city Council authorized circulation of a Request For
Proposal to non-profit housin:J providers inviting presentation of funding
requests for projects which fulfill the objectives of the City's
Affordable Housin:J pru,¡.Lc1m; ani
WHEREAS, the Proposal by Spark FOI.Il'rlation, Inc. for obtaining loan
proœeàs to acquire an existing detached homesite for purposes of
establishin;¡' a group care facility for hanlicapped adults was found to
fulfill the program objectives; ani
NCM, 'IHEREFORE, '!HE CITY CXXJNCIL OF '!HE CITY OF aJt'-.J.'.ulO RESOLVES AS
FOLI!:MS :
SECI'ION ONE: '!here is hereby allocated $26,630 of the CD~ Senior
citizen Housin:J Fund to Spark FOI.Il'rlation, Inc. toward the cost of
acquisition of an existin:J residence located at 19681 Drake Avenue,
CUpertino, California, in accordance with the terms prescribed in this
Resolution:
SECI'ION 'lID: '!he city Council of the City of CUpertino hereby
authorizes the Mayor ani City Attorney to affix their signatures to the
IDan Agreement ani supportin:J documents necessary to COI1'plete the
transaction.
SECI'ION 'IHREE Prior to close of esc:row, Spark Foundation, Inc. shall
assume responsibility to correct all existin;J violations ani deficiencies
of the Uniform arllding Code as identified in the inspection report dated
JUly 1, 1987.
RFSOIDrION NO. 7218
PASSED AND AOOPI'ED at a regular meeting of the city Council of the
City of Cupertino, this 6th day of J\.1ly, 1987 by the following vote:
Vote Members of the City Council
AYES: Gatto, Johnson, Plun;¡y, Rogers, Sparks
NOFS: None
ABSTAIN: None
ABSENT: None
A'ITEST:
Al'F'roVED:
/s/ Dorothy Comelius
City Clerk
/s/ W. Reed SDarks
Mayor, City of CUpertino