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HomeMy WebLinkAboutHOME Investment Partnership Program - 1999-09-20Council/Agency Meeting Held: i(-. -145 11 na. Deferred/Continued to: Appyydd ❑ Conditionally Approved ❑ Denied -p��-City Clerk's Signature Council Meeting Date: September 20, 1999 1 Department ID Number: ED 99-48 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIUREDEVELOPMENT AGENCY ACTIN' SUBMITTED TO: HONORABLE MAYOR/CHAIRMAN AND CITY COUNCIL MEMBERS/REDEVELOPMENT AGENCY MEMBERS SUBMITTED BY: Ray Silver, City Administrator/Executive DirectorCD w PREPARED BY: David C. Biggs, Economic Development Director 3> SUBJECT: COMMITMENT OF HOME INVESTMENT PARTNERSHIP FUNDS BETWEEN THE CITY AND THE REDEVELOPMENT AGENCY Statement of Issue, Funding Source, Recommended Action, Alternative Actlon(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: The City must commit the balance of $597,000 in 1997 HOME funds by September 31, 1999. Staff is working with its nonprofit partners to acquire or develop affordable housing projects in the Oakview neighborhood and other target areas. Agreements governing the commitment of these funds can not be finalized prior to the commitment deadline. HUD recognizes a commitment of funds between the City and the Redevelopment Agency as a legitimate commitment, and staff recommends this approach as a way to preserve the funds. Funding Source: 1997 HOME Investment Partnership Funds. Recommended Action: Motion to: Approve and authorize execution by the Mayor and City Clerk and the Agency Chairman and Agency Clerk of the attached operating agreement between the City and the Redevelopment Agency. This agreement commits a minimum -of-$260,300 in 1999 HOME Investment Partnership Program funds to the Agency to provide affordable housing, per HUD regulations at 24 CFR Part 92. Alternative Actilon(s): Do not approve the operating agreement. Analysis: For the 1997 federal fiscal year, Huntington Beach received $597,000 in HOME funds. Of these monies, $59,700 was automatically committed to program administration and $277,000 was committed to the Interval House project. A balance of $260,300 is left to commit by the September 30, 1999, deadline. C,- )3 --- r 0 REQUEST FOR •UNCI L/REDEVELOPMENT RENCY ACTION MEETING DATE: September 20, 1999 DEPARTMENT ID NUMBER: ED 99-48 In 1996, staff confirmed with HUD (see Attachment No. 2) that a commitment of funds between the City and the Redevelopment Agency is considered valid. The Agency may choose to commit the funds to a third party developer (such as a OCCHC); or it may decide to directly contribute to a project. Either way, an affordable housing agreement must be completed and approved by Council or the Redevelopment Agency before any HOME funds can be expended. Environmental Status: Not applicable. Attachment(s): 1. Operating Agreement. 2. Letter from HUD dated May 10, 1996. 3. HOME Program Summary. GAB:gab x8831 COMITRAA -2- 09108/99 12:00 PM L j je CITY OF HUNTINGTON BEACH 2000 MAIN STREET CA L I FOR N LA 9264$ OFFICE OF THE CITY CLERK CONNIE BROCKWAY CITY CLERK LETTER OF TRANSIITTAL OF ITEM APPROVED BY THE CITY COUNCIL! REDEVELOP`'IENT AGENCY OF THE CITY OF HUNTINGTON BEACH DATE: ^ /D IE /'7 q — — - /y-5� '0 AaTIN67Z)Al? 1& TO: e��YmlopY�P_l1f (dAei,-) e-wW Name t-j J 5tre t Q City, State, Zi 9A / T ATTENTION: ��d / !1 /G 6 DEPARTMENTT: RIEGARLD1N'G: A v� aY_a f /YDIn /iV1��STil7ellf f4U eW See Attached Action Agenda Item E—J3 Date of Approval Enclosed For Your Records Is An Executed Copy Of The Above Referenced Agenda Item. Remarks: e .' &t4�- Connie Brockway City Clerk Attachments: Action Agenda Page Agreement Bonds T Insurance RCA Deed Other CC: Y2G G ;Bra r- ✓ Name Department RCA Agree=em Insurance Other Name Department RCA Agretmert Insurance Other Name Department RCA Agreement Insurance Other Name Departmcnt RCA Agreemcric Insurance Ottter Risk Manap Went Dept. Insurance Received by Name - Company Name - Date G:Followupfcoverltr (Telephone: 714-536-5227 ) 0 • Commitment Agreement ATTACHMENT #1 CITY OF HUNTINGTON BEACH COMMITMENT OF FUNDS AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY This Commitment of Funds Agreement (the "Agreement"), is made this e—day of 1999, by and between the City of Huntington Beach, a municipal corporation ("City"), and the Redevelopment Agency of the City of Huntington Beach, a body politic of the State of California, organized and existing under the Community Redevelopment Law of the State of California ("Agency"). RECITALS A. City wishes to expand the supply of decent, safe, sanitary and affordable housing, with primary attention to rental housing, for very -love income and low income residents in the City of Huntington Beach. B. City has received HOME Investment Partnership Program funds in the amount of Five Hundred Nine[. -seven Thousand Two Hundred Dollars (S597,000) from the United States Department of Housing and Urban Development pursuant to the National Affordable Housing Act of 1990 for the purpose of expanding the supply of decent, safe, sanitary and affordable housing for very -low and low income persons and families (hereinafter, the "Funds") C. Agency proposes to acquire, rehabilitate, or construct certain real property and/or improvements located in the City of Huntington Beach, California (as more particularly described in Exhibit A and hereinafter referred to as the "Property") and carry out on the Property eligible activities permitted under the HOME Regulations to provide housing affordable to low-income and very -low income households as defined in this Agreement, (hereinafter referred to as the "Project"). D. Agency wishes to receive from City, and City wishes to make available to Agency, the Funds to support development of the Project. NOW, THEREFORE, IN CONSIDERATION of the mutual agreements, obligations, and representations, and in further consideration for the provision of HOME funds, RDA and City hereby agree as follows: 4/s A-99Agree:Home 1999 RLS 99-572 $i25i99 • • ARTICLE 1. DEFINITIONS The following terms have the meanings and content set forth in this section wherever used in this Agreement. 1.1 "Eligible Activities" means permitted use of the Funds pursuant to the HOME Regulations. 1.2 "Funds" means the funds provided to Agency by City pursuant to this Agreement. 1.3 "HOME Regulations" means all requirements imposed on projects assisted under the Home Investment Partnership Program as contained in 42 U.S.C. Sections 12701, et seq., and Part 92 of Title 24 of the Code of Federal Regulations and other implementing rules and regulations. 1.4 "HUD" means the United States Department of Housing and Urban Development. 1.5 "Low Income Household" means a household whose annual income does not exceed eighty percent (80%) of the median income for Orange County as determined by HUD with adjustments for household size. 1.6 "Project" is the acquisition of the Property and the construction or rehabilitation of certain improvements thereon or the administration or implementation of any other eligible activity to provide housing affordable to persons or families of very low-income and low-income according to the terms of this Agreement. 1.7 "Regulatory Agreement" means the agreement executed by Agency or an eligible third party and the City in a form satisfactory to City and recorded against the Property prior to or contemporaneously with the payment of the Funds which regulates, among other things, the operation, leasing, tenant selection, income certification, affordability restrictions, continuing occupancy requirements and maximum rental charges of the property. 1.8 "Very Low Income Household" means a household whose annual income does not exceed fifty percent (50%) of the median income for Orange County as determined by HUD with adjustments for household size. ARTICLE 2. USE OF FUNDS 2.1 COMMITMENT OF FUNDS. Pursuant to this Agreement, Agency shall use the Funds for the Project. The Agency shall expend the Funds by no later than August 31, 2004. 2.2 AMOUNT OF HOME FUNDS. On and subject to the terms and conditions of this Agreement, City agrees to provide Agency and Agency agrees to accept HOME Funds in 2 41s:4-99Agree: Home] 999 RLS 99-572 &25199 • an amount not less than Two Hundred Sixty Thousand Three Hundred and no/100 Dollars ($260,300.00), which shall be used for the Project. 2.3 REGULATORY AGREEMENT. As a condition of the provision of the Funds, Agency shall execute (or cause to be executed by an assignee), among other things, a regulatory agreement which shall be recorded against any property acquired with the Funds. The regulatory agreement is to secure City's continuing interest in the affordability and habitability of the housing contained in this Agreement and the regulatory agreement. ARTICLE 3. EMPLOYMENT 3.1 PREVAILING WAGES. All projects for new construction or rehabilitation of affordable housing with 12 or more units assisted with HOME Funds shall comply with HUD requirements pertaining to such contracts and the applicable requirements of the regulations of the Department of Labor governing the payment of wages and the ratio of apprentices and trainees to journeymen. However, nothing in this section is intended to relieve the Agency or any contractor/subcontractor of any obligation for payment of higher rates if required by State or local law. ARTICLE 4. GENERAL PROVISIONS 4.1 NOTICES, DEMANDS AND COMMUNICATIONS. Formal notices, demands and communications between Agency and City shall be sufficiently given and shall not be deemed given unless dispatched by registered or certified mail. postage prepaid, return receipt requested, or delivered personally, to the principal offices of Agency and City as follows: CITY: City of Huntington Beach Department of Economic Development 2000 Main Street Huntington Beach, CA 92648 Attn: City Administrator AGENCY: Redevelopment Agency of the City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 Attn: Executive Director 4.2 INTEGRATION. This Agreement constitutes the entire agreement of the parties and supersedes any all prior negotiations. 4.3 AMENDMENTS AND MODIFICATIONS. Any amendments or modifications to this Agreement must be in writing, and shall be made only if executed by both JHC and City. 41s:4-99Agree: Home 1999 RLS 99-572 8125199 IN WITNESS WHEREOF, the parties hereby have executed this Agreement as of the date first above written. AGENCY: REDEVELOPMENT AGENCY OF THE CIT HUNTIN TON BEACH By: Chairperson ATTEST: Agency Clerk /0 8' 99 APPROVED AS TO FORM: 6 99 Agency Attorney REVIEWED AND APPROVED: Execifive Director 4 4/s:4-99Agree: Home 1999 RLS 99-572 8/25/99 CITY: CITY OF HUNTINGTON BEACH, a municipal corporation of the State 7 'forma ATTEST: Mayor rtGG _: City Clerk APPROVED AS TO FORM: -?p City Attorney REVIEWED AND APPROVED: ` Cit Administrator INITATED AND APPROVED: Ad 0, Director of E nomic Development Exhibit "A" Property HOME funds awarded under this Agreement will only be used for the acquisition and rehabilitation or construction of single or multifamily rental properties. The order of priority for the targeting of these funds to specific areas is as follows: 1. Redevelopment Project Areas • Oakview • Main -Pier • Talbert -Beach 2. CDBG and HOME neighborhood enhancement areas (not listed in priority order) • Oakview • Amberleaf Circle • Florida -Utica • Beach -Garfield • Newland • Washington • Liberty 3. Outside Project Sub Areas 4. Citywide 0 0 HUD LETTER ATTACHMENT #2 U.S_ D"rtamt ofoing and Ur -fan Develapxyt f� g Pacific/Hawaii N Y Los An9ele3 Atea.office^ 1615 West- aiympie- Boulevard Los Angeles, California 90015-3Wl May 10, 1996 Greg Brown, Development Specialist/ HOME Coordinator City of Huntington Beach 2000 Main Street Huntington Beach,, CA 92648 - Dear Mr_ Brown: SUBJECT: HOYE Program Commitment .of HOME Funds from the City to the Redevelopment Agency This is in response to your letter dated May 6, 1996, regarding commitment of HOME funds by the deadline. You asked whether or not a commitment of HOME funds to the City's Redevelopment Agency constitutes a valid commitment. In addition, if this type of arrangement is considered valid, can the Redevelopment Agency loan the funds to a third party subrecipient or a CHDO' As you discussed with Maryann Soos of this office, the City can enter into a legally binding agreement with the Redevelopment Agency to produce affordable housing as referenced under 24 CFR 92.2, Definitions - Commitment. The Redevelopment Agency, as a subreczpient, can then enter into a separate agreement with a third party or a CHDO to produce affordable housing. If you have any questions, please contact Maryann E_ Soos, Community Planning and Development Representative, at (213) 251--7268. very sincerely yours, Ma Ce W. L-Samaniego P gram Manager, 9DDM4 r. 3 `j 11 APR 14 1996 HOME PROGRAM SUMMARY ATTACHMENT #3 • C7 City of Huntington Beach 09/07/99 1 u g Bloc • ■ Create Act of by they 9\19,0 (66N Affor ■ Must be used %Med 61,r r� units for very me 60% of Countn Inco e e housing o (below r�e) City of. Huntington Beach 49/07/99 2 The ■ Hun gt'a 1ralsc favailable ■ 1992 ■ 1993 ■ 1994 ■ 1995 ■ 1996 ■ 1997 ■ 1998 ■ 1999 has parti ' ated irk ,year, the fir§t year ram since the became �7,000 $6369000 $6839000 City of Huntington Beach 09/07/99 3 • 0 „reG” ��, € � •. c x � � E c x r, r w�,'%?•, "' 2 q °.`n r '�.."< '? � ' l• �.+,Y u, s , � ���. ry�"� rra a .F1107c:a ln:,.o to.. EV, .: w __ __ a' r a r - � S b '. _ y '' ''� +\+l`,� .. �. • � �4 '�t may'-��., '•� NZWi .......... $511,500 r �_ ° 4 r' v 3 �« v f � V Admin. CH D $398369250 . r , .. e. a _ 4µ C. Si �P _ Pr ojects $767,250 '�.2.;:... s Total Funds: $5,115,000 yT r N � a c , , a u i n 6 , , e City of Huntington Beach 09/07/99 3 a 4 v w ■ o date, as 'st C] multi r. area an I: ' ily hou �ng ;itywide. ■ CHDO's: OME HOM unds usi �acquisit' n & r 1 tOakvie enha — Oran County mm — Shelter the Home s ely to of N ousing Corp City of Huntington Beach 09/07/99 5 • 0 HOME Proj acts M, mmdarann B rh Prlo'e_,,;ct Date 17372 Keelson Ln. Feb `94 7812 Barton Dr. June `94 T O o obm LHo ftw 1 UCH I-U1 llUN0 0 Ll!o A 0Q N L Uo A et 4s IN 0 0 C $�320, o00 $`�345, Q00 �518; o00 �490, o00 City of Huntington :each 09/07/99 6 'HIG)HE Fmjezum'o Emdmgzno B(pmch PU@W Eg�� MEW @@932 1701 & 17351 Dec `97 8 $�38O,000 Koledo Ln. Sher Lane Aug `98 11/66 =%wj llUUlr L @Rla LMJ1JOLJll U City of HuntiInx III .each 09/07/99 H tilts: ogram — 49 its Prese'v� Familie cc r fiery- Low — Income Restric**ons in Pta( e HOME Requires een 5 Affordability etw 20 khments coin to 59 Years rs City of Huntington Beach 09/07/99 8 • • • RCA ROUTING SHEET INITIATING DEPARTMENT: ECONOMIC DEVELOPMENT SUBJECT: Commitment of HOME Funds COUNCIL MEETING DATE: September 20, 1999 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attorney) Attached Subleases, Third Party Agreements, etc. (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Attached Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff 4 X t s7 ( } ( } Assistant City Administrator (Initial ( ) { } City Administrator (Initial) { ) (OTirP ) City Clerk { } -EXPLANATION FOR RETURN OF ITEM: • 0 1."#& CITY OF HUNTINGTON BEACH INTER -DEPARTMENT COMMUNICATION HUNTINGTON BEACH Connie Brockway, City Clerk Office of the City Clerk To: Date: Meeting Date: 47-- fit) JM Agenda item: E— 43 Approved Cox Council Agenda Items: The City Clerk's Office is unable to proceed with the execution of the attached Agenda Item due to the following requirements that have not been met. When your Agenda Item is ready to resubmit, please return to: Pat Dapkus, Management Assistant, City Administrator's Office. I. Signature(s) Needed A On RCA B On Agreement C Other 2. Attachments A Missing B Not identified C Other 3. Exhibits A Missing B Not identified C Other 4. Insurance Certificate (Proof Of Insurance) A Not attached B Not approved by City Attorney's Office C Signed form notifying City Clerk that department will be responsible for obtaining insurance certificate on this item. (See form attached) 5. Wording On Request For Council Action (RCA) Unclear A Recommended Action on RCA not complete B Clarification needed on RCA it y C Other / 6. City Attorney Approval Required 7. Agreement Needs To Be Changed A Page No. 8. Other G.agendalmisdrearld