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CC Resolution No. 01-189RESOLUTION NO. 01-189 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING UP TO AN ADDITIONAL $800,000 FROM THE HOUSING MITIGATION FUND FOR CUPERTINO COMMUNITY SERVICES' "HEART OF CUPERTINO" DEVELOPMENT WHEREAS, the City Council has recognized a need for affordable housing in the city of Cupertino; and WHEREAS, Cupertino Community Services is constructing 24 units of affordable housing, known as the Heart of Cupertino, within the city of Cupertino; and WHEREAS, the city has already approved $1,905,207.00 in funding for the development; and WHEREAS, Cupertino Community Services has experienced a $800,000 shortfall in funding for the aforementioned development; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cupertino hereby approves up to an additional $800,000 in Housing Mitigation Fund dollars for the "Heart of Cupertino" development. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 20th day of August, 2001 by the following vote: Vote Members of the City Council AYES: Bumett, Chang, James, Lowenthal NOES: None ABSENT: None ABSTAIN: None ATTEST: APPROVED: City Clerk (/ ~M~yo~'~ City of Cl~l~'rtinc;