~~It V~e' - . 0, , - Jersey City

Continuation of Resolution
City Clerk File No.
Agenda No.
TITLE:
APPROVED:
APPROVED:
Res. 10-478
10.Z.10 JUL i 4 2010
Pg. # 2
RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF JERSEY CITY
AUTHORIZING AN AFFORDABLE HOUSING TRUST FUND (AHTF)
AGREEMENT WITH JERSEY CITY REDEVELOPMENT AGENCY (JCRA) FOR
THE ACQUISITION OF 451-457 OCEAN AVENUE
2) Subject to review and approval by Corporation Counsel, the Mayor or
Business Administrator is hereby authorized to execute mortgages, notes,
affordable housing development agreements, and such other documents
deemed necessary to secure loans under the Affordable Housing Trust
Fund (AHTF). The terms and conditions of the aforementioned documents
may be negotiated by the Division of Community Development (DCD) and
shall be in accordance with all laws, rules and regulations applicable to
the program.
I, Donna L. Mauer, hereby certify that suffcient funds in the amount of $320,000.00
are available in Account No. 17 -293-56-000~025, PO No. Ie Q 1..¡.I..'J
b:MtlÚß"
Chief Financial Offcer
'lco~nsel
Certification Required ~
Not Required D
APPROVED 6-,3
RECORD OF COUNCIL VOTE ON FINAL PASSAGE 1/14/l0
COUNCILPERSON AYE NAY N'v. COUNCILPERSON AYE NAY N'v. COUNCILPERSON AYE NAY N.V.
SOTTOLANO .; GAUGHAN I VEGA 7
DONNELLY ./ FULOP I FLOOD /
LOPEZ .¡ RICHARDSON iI BRENNAN, PRES .¡
./ Indicates Vote N.V.-Not Voting (Abstain)
Adopted at a meetin90fthe ~iPal C. ouncil of the City Of, Jè"ey City N.J. Ci ¡t
(I ~ iJ \D/U::U'tß~ 'tJ
Peter M. Brennan, President of Council Robert yrne, City r