HomeMy WebLinkAboutCity Council - 6631 RESOLUTION NO. 6631
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH APPROVING AND
AUTHORIZING EXECUTION AND DELIVERY OF A
LOAN AGREEMENT WITH RESPECT TO 611 SIXTH
STREET BETWEEN THE CITY OF HUNTINGTON BEACH AND
THE ORANGE COUNTY COMMUNITY HOUSING CORPORATION
WHEREAS, the City of Huntington Beach wishes to assist persons of low income to
obtain housing at an affordable cost; and
The Orange County Community Housing Corporation COCCHC"), a non-profit
organization, wishes to create affordable housing opportunities within the city by purchasing a
property at 611 Sixth Street for use as a multi-family housing project; and
In order to ensure the affordability of the housing units and to rehabilitate the property,
the OCCHC requires financial assistance from the city; and
The Redevelopment Agency of the City of Huntington Beach currently administers a
redevelopment project in the city known as the Main Pier Redevelopment Project Area and the
housing project will benefit the Project Area and is consistent with the adopted Redevelopment
Plan; and
The city is permitted to use Community Development Block Grant funds to loan money
for development of new affordable housing,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington
Beach as follows:
SECTION 1. City hereby approves the appropriation of Three Hundred Thousand
Dollars ($300,000) to be loaned to the OCCHC for the purchase of 611 Sixth Street for use as
affordable housing.
SECTION 2. The City hereby approves the loan agreement and related documents in
substantially the form on file with the City Clerk together with any immaterial changes therein
or additions thereto deemed advisable by the City Administrator and approved by the City
Attorney. The city hereby authorizes and directs the Mayor to execute, and the City Clerk to
attest and affix the seal of the city to said form of the loan agreement and related documents
for ariin the name of the city.
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SECTION 3. This resolution shall take effect on the date of passage and adoption.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting held thereof on the 20th day of September , 1994.
ATT ST: Mayor
r,4 l APPROVED AS TO FORM:
City Clerk
REVIEWED AND APPROVED City Attorney77
C- � INITIATED AND APPROVED:
City AdmimZTrator
/ . Director of Economic Developmen
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6631
Res. No. 6631
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH }
I, CONNIE BROCKWAY,the duly elected, qualified City Clerk of
the City of Huntington Beach, and ex-officio Clerk of the City Council of said
City, do hereby certify that the whole number of members of the City Council of
the City of Huntington Beach is seven; that the foregoing resolution was passed
and adopted by the affirmative vote of at least a majority of all the members of said
City Council at an adjourned regular meeting thereof held on the 20th day of
September,1994, by the following vote:
AYES: Councilmembers:
Silva, Bauer, Robitaille, Winchell, Leipzig, Sullivan
NOES: Councilmembers:
None
ABSENT: Councilmembers:
Moulton-Patterson
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California