CC Resolution No. 4965
,
II, • ~SOLL"fI021 V0. 596~ ~
~ZESOLLTLON OF IHE CITY COC:ICIL OF THE CITY OF CG'PERTI:dO
' ~1DOPTIVG ?ROCEDIIR.~I. ~1A:vU?L FOR T?IE BcLOW ?La.RF:ET ~?TF
HOliSI:IG PROGR~1.`S
w'HcREaS, tha City Council adopted the vousing Element to tne Gzneral Plan
which contains a goal to promote a varied range in price and type oi housing and
I to provide a greater opportunity for housing persons employed in Cupertiao, and
I
' ~TEiERE~S, there is a shortage of housing within the City which is aifordable
co persons of low and moderate income, and
I WHERE.~.S, esisting Federal and State housing programs do not sufficiently
satisfy Cupertino's low and moderate income housing needs, and
4JHrRE.~S, City initiated voluntary measures intended to encourage the
private sector to provide housing affordable to persons of low and moderate
i~ incone, and
WHERE?S, the City finds that the housing shortage for persons of 1ow and
modzrate iacome is detrimeatal to the aublic health, safety and welfare, and
further i[ is a public purpose of the City to seek assiscance and cooperation
I fzoa the private sector in making available an adequate suppiy of housing for
i persons of a11 economic segsents of the community.
~
i VOW, THEREFORE, BE IT RESOL`JED:
j 1. That the City Council hereby adovts the Procedural Kanual for
che City of Cunertino Below `larket Rate Aousing Program to
asslst in aeeting the housing needs identified in the Housing
; Element of the General Plan. Said nanual is attached hereco
, and oade a part hereof.
2. The Cic~ Council kerebv authorizes the )ayor to endorse said adop[ion.
2d,SSED ~tiD ~1DOPTED at a regular meeting of [he City Council oE the City
' of Cupertino this '-nd day of dpril, 19i9, by ~he following vote:
Vote uembers of the Citv Council
I
~YES~ Jackson, Bogers, Sparks, ;!eyers
v0E5: 0'Keefe
li ,4BSc'`.IT: Vone
:1BSTAIV: Vone
~I
' dPPROVED:
i ~ V`'~
`Sayor, City of Cupertino
I :~TTEST :
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