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HomeMy WebLinkAboutRedevelopment Agency - 372 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH RESOLUTION NO. 372 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING AN AFFORDABLE HOUSING AGREEMENT WITH PACIFIC COURT APARTMENTS, L.P., APPROVING A RELOCATION PLAN,APPROVING A LOAN OF HOUSING SET ASIDE FUNDS AND MAKING CERTAIN FINDINGS WHEREAS,the Redevelopment Agency of the City of Huntington Beach(the"Agency")is engaged in activities necessary to carry out and implement the Redevelopment Plan for the Merged Redevelopment Project Area(the "Project Area") of the City of Huntington Beach; and Sections 33334.2 and 33334.3 of California Community Redevelopment Law (Health & Safety Code Section 33000 et seq.)("CRL")require the Agency to use 20 percent of taxes allocated to the Agency pursuant to Section 33670 of the CRL for the purpose of increasing,improving,and preserving the community's supply of low and moderate income housing ("Housing Set Aside Funds"); and The Agency and the City of Huntington Beach(the"City")desire to enter into an Affordable Housing Agreement with Pacific Court Apartments, L.P. (the "Developer") by which the Agency will make a loan of Housing Set Aside Funds and the City will make a loan of HOME Investment Partnerships Program (HOME) funds, which will be used together with tax-exempt mortgage revenue bonds and equity in the form of federal tax credits to finance the acquisition and rehabilitation of a 48-unit apartment complex located at 2200 Delaware Street for operation as affordable rental housing for very low income and low income households for not less than 60 years (the "Project"); and Section 33334.2(g) of the CRL provides that the Agency may use its Housing Set Aside Funds outside of the Project Area upon a resolution by the Agency and the City Council that the use will be of benefit to the Project Area; and The Project will require the permanent relocation of those current tenants whose household incomes exceed the qualifying limits for occupancy in the completed Project; and A Relocation Plan has been prepared that conforms to the requirements of the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), as amended,the implementing regulations contained in Handbook 13 78 of the Department of Housing 1 Agency Resolution No. 372 and Urban Development,the California Relocation Assistance Law, Government Code Section 7260,et seq,and the.Relocation Assistance and Real Property Acquisition Guidelines adopted by the Department of Housing and Community Development set forth in Title 25, California Code of Regulations Section 6000, et seq. (the "Guidelines"); and The Relocation Plan was made available for at least 30 days for review and comment and notice of that availability was given to the current tenants of the Project in both English and Spanish and no comments have been received;and It is in the best interests of the City and for the common benefit of the residents and the City as a whole for the City and the Agency to enter into the Affordable Housing Agreement; and All other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AS FOLLOWS: 1. The Agency hereby finds and determines that the foregoing recitals are true and correct. 2. Based on substantial evidence in the record,the Agency hereby finds and determines that: a. The Agency's use of its Housing Set Aside Funds for the Project will be of benefit to the Project Area;and b. Fair and reasonable relocation payments will be provided to eligible persons as required by Article 3 of the Guidelines; and C. A relocation assistance program offering the services described in Article 2 of the Guidelines will be established; and d. Eligible persons will be adequately informed of the assistance, benefits, policies,practices and procedures,including grievance procedures,provided for in the Guidelines; and e. Based upon recent survey and analysis of both the housing needs of persons who will be displaced and available replacement housing and considering competing demands for that housing,comparable replacement dwellings will be available, or provided, if necessary, within a reasonable period of time prior to displacement sufficient in number, size and cost for the eligible persons who require them; and 2 Agency Resolution No. 372 f. Adequate provisions have been made to provide orderly,timely and efficient relocation of eligible persons to comparable replacement housing available without regard to race, color, religion, sex, marital status, or national origin with minimum hardship to those affected; and g. A Relocation Plan meeting the requirements of section 6038 of the Guidelines has been prepared and is hereby approved. 4. The Agency has duly considered the terms and conditions of the proposed transaction and determines that the proposed Affordable Housing Agreement is in the best interests of the Project Area and the City and the health,safety,morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law and requirements. 5. The Agency hereby approves a loan of Housing Set Aside funds to the Developer to pay acquisition and rehabilitation costs for the Project, in an amount not to exceed $8,784,224. 4. The Agency Executive Director (or designee) and the.Agency Chairperson are authorized to take any action and execute any and all documents and agreements necessary to implement this Resolution without the necessity of further action by the Agency except to the extent required by law. 5. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington Beach at a regular meeting held thereof on the 7 th day of July , 200$. 3 Agency Resolution No. 3.72 Chairman REVIEWED AND APPROVED: APPROVED AS TO FORM: Executive DirectQ �deneral Co nsel oc KANE, BALLMER& BERKMAN Agency Special Counsel Deborah L. Rhoads INITIATED AND APPROVED: Director of Economi velopment 4 Res. No. 372 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF HUNTINGTON BEACH ) I, JOAN FLYNN, Clerk of the Redevelopment Agency of the City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the Redevelopment Agency of the City of Huntington Beach at a regular meeting of said Redevelopment Agency held on July 7, 2008 and that it was so adopted by the following vote: AYES: Hansen, Hardy, Bohr, Cook, Green, Carchio NOES: None ABSENT: Coerper ABSTAIN: None Clerk of the Redevelopment Agency of the City of Huntington Beach, CA