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R 3962 RESOLUTION NO. 3962 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE SUPPORTING PROPOSITION 1 C - THE HOUSING AND EMERGENCY SHELTER TRUST FUND ACT OF 2006 WHEREAS, to provide greater choice and a sufficient supply of affordable homes for working families and people in Arroyo Grande, including homes for disabled people, seniors and families, homes near day care and services, homes nearer jobs; and WHEREAS, it has been demonstrated that a state investment in housing creates local housing opportunities and more than $4 million in Prop 46 funds were awarded for projects in SLO County, including the Family Care Network project in Arroyo Grande; and WHEREAS, Proposition 46 funds will be depleted by 2007 and the need remains urgent in San Luis Obispo County for affordable housing; WHEREAS, for San Luis Obispo County, a $130K income is needed to afford the County's median home sales price and more than 1/3 ofthe low income households in SLO County pay more than 50% of their gross income for housing; and WHEREAS, to continue the successes of Proposition 46, the California Legislature has placed Proposition 1 C, the Housing and Emergency Shelter Trust Fund Act of 2006, on the November ballot as part of a long-term plan to rebuild California; and WHEREAS, Proposition 1 C, the Housing and Emergency Shelter Trust Fund Act of 2006, will dedicate and protect funds to create housing options for 20,000 working families to buy a home, 6,500 college graduates, retired seniors, essential public safety workers to afford rent in their communities, 2,000 homeless families and individuals to find safe shelter and services, and 2,800 farm workers to be housed through these programs; and WHEREAS, the bond will also boost California's economy, through new jobs and $9 billion added to local economies; NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Arroyo Grande supports Proposition 1 C, the Housing and Emergency Shelter Trust Fund Act of 2006. On motion of Council Member Costello, seconded by Council Member Dickens, and on the following roll call vote, to wit: AYES: NOES: ABSENT: Council Members Costello, Dickens, Arnold, Guthrie, and Mayor Ferrara None None the foregoing Resolution was passed and adopted this 24th day of October, 2006. RESOLUTION NO. 3<r(PJ. PAGE 2 .:...., ;.. ,j;_~:~---~-:e -, TONY FER , J\YOR ATTEST: v~ E, CITY CLERK APPROVED AS 10 CONTENT: ST~~~' CITY MANAGER APPROVED AS TO FORM: TIM OFFICIAL CERTIFICATION I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 3962 is a true, full, and correct copy of said Resolution passed and adopted at a regular meeting of the City Council/Redevelopment Agency of the City of Arroyo Grande on the 24th day of October 2006. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 26th day of October 2006. E, CITY CLERK