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R09-059 II I RESOLUTION NO. 09- 05Q A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AMENDING RESOLUTION 07-080 TO CLARIFY AND AUTHORIZE USE OF CONSTRAINED ROADWAY AT LOWER LEVELS OF SERVICE (CRALLS) FUNDING; SPECIFICALLY APPROVING THE USE OF $100,000 OF CRALLS FUNDS FOR HOMEOWNER ASSISTANCE IN THE COMMUNITY REDEVELOPMENT PROJECT COMMONLY REFERRED TO AS "OCEAN BREEZE" AND PROVIDING AN EFFECTIVE DATE WHEREAS, on July 17, 2007 the City Commission adopted Resolution 07-080 to establish a policy regarding the use of Constrained Roadway at Lower Levels of Service (CRALLS) funds. Approved use of funds included use for homeowner assistance and other actions to further the City's affordable housing objectives; and WHEREAS, the City Commission finds that the re-allocation of $100,000.00 to the Boynton Beach Community Redevelopment Agency, which in turn will make those funds available for homeowner assistance in the Ocean Breeze redevelopment project, is consistent with the use of funds policy established by Resolution 07-080. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA THAT: Section 1. The above referenced whereas clauses are incorporated herein by reference. Section 2. The City Commission of the City of Boynton Beach expressly approves the transfer of $100,000.00 of CRALLS funds to the Boynton Beach Community Redevelopment Agency (CRA) for subsequent re-distribution by the CRA for homeowner assistance for the Ocean Breeze redevelopment project. Re-distribution by the CRA shall be made pursuant to an agreement between the CRA and the developer of the Ocean Breeze II , redevelopment project under terms and conditions to be approved by the Community Redevelopment Agency Board. Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 4. If any clause, section, other part or application of this resolution is held by any Court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. Section 5. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED this 71-J, day of t1/L I / ,2009. CITY OF BOYNTON BEACH, FLORIDA h _~[/L;r tyaY~Tr - ATTEST: -----. , Yn.~ Reso 07080-0cean Breeze funding. doc