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HomeMy WebLinkAboutHousing Authority Action approving acceptance of RedevelopmeCouncil/Agency Meeting Held: Deferred/Continued to: �(Appro d to ® Conditionally Approved Ll Denied It Cler ' Signat Council Meeting Date: 1/9/2012 Department ID Number: ED 12-002 SUBMITTED TO: Honorable Chair and Housing Authority Board Members SUBMITTED BY: Fred A. Wilson, Executive Director PREPARED BY: Bob Hall, Deputy Executive Director SUBJECT: Acceptance of Redevelopment Housing Assets and Functions; Adopt Resolution No. 01 Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: On December 29, 2011, the California State Supreme Court announced its ruling upholding Assembly Bill ABX1 26 (dissolution of Redevelopment Agencies), but overturning and invalidating Assembly Bill ABX1 27 (allowing "pay -to play"). Based upon the Court's ruling validating AB1X 26 Redevelopment Agencies are dissolved and replaced with Successor Agencies responsible for winding down the affairs of the Redevelopment Agencies including disposing of their assets. The Housing Authority is requested to adopt the attached Resolution designating the Housing Authority as the Successor Housing Agency and accepting transfer of all assets and functions from the City. Funding Source: Not Applicable Recommended Action: Motion to: Adopt Housing Authority Resolution No. 01, "A Resolution of the Housing Authority of the City of Huntington Beach Accepting the Transfer of the Housing Assets and Functions of the Huntington Beach Redevelopment Agency Under Part 1.85 of Division 24 of the Health and Safety Code Subject to Reservations Herein Stated." Alternative Action(s): Do not adopt the Resolution, which would allow a County or a separate taxing agency to become the Successor Housing Agency and be the lead in the dissolution of Agency assets. Item 40 ® 2 HB - 314 REQUEST FOR HOUSING AUTHORITY ACTION MEETING DATE: 1/9/2012 DEPARTMENT ID NUMBER: ED 12-002 Analysis• The City, by adoption of a Resolution, has elected to become the Successor Agency to the former Redevelopment Agency's assets. The City, also by Resolution, has elected to designate the Housing Authority as the Successor Housing Agency to perform the housing functions of the former Redevelopment Agency. By adopting this Resolution, the Housing Authority accepts all housing Assets and housing functions. Assembly Bill X1 27 requires Successor Agencies to repay amounts previously borrowed from the Housing Fund (i.e. to make SERAF payments in prior years), repayment of which had been deferred as of the effective date of the Assembly Bill. With the creation of the Successor Housing Agency, repayments would be paid to the City's Housing Authority. The Assembly Bill requires Oversight Boards to direct Successor Agencies to list amounts owed to the Housing Fund on the Recognized Obligation Payment Schedule. The Redevelopment Agency currently has loans in the amount of $3.5 million to the Housing fund. Strategic Plan Goal: Maintain Financial Viability in Our Reserves Environmental Stratus: Not Applicable Attachment(s): Resolution No. 01, "A Resolution of the Housing Authority of the City of Huntington Beach Accepting the Transfer of the Housing Assets and Functions of the Huntington Beach Redevelopment Agency under Part 1.85 of Division 24 of the Health and Safety Code Subiect to Reservations Herein Stated" -2- HB - 315 1/5/2012 12:31 PM Item 4® - 3 ATTACHMENT ', RESOLUTION NO. 01 A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF HUNTINGTON BEACH ACCEPTING THE TRANSFER OF THE HOUSING ASSETS AND FUNCTIONS OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY UNDER PART 1.85 OF DIVISION 24 OF THE HEALTH AND SAFETY CODE SUBJECT TO RESERVATIONS HEREIN STATED WHEREAS, the City of Huntington Beach formed the Huntington Beach Redevelopment Agency ("Agency"), which has continuously engaged in redevelopment activities under the Community Redevelopment Law (Health and Safety Code sections 33000 et seq.); and Sections 33334.2 and 33334.3 of the Community Redevelopment Law (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 ("Low and Moderate Income Housing Fund"); and The Agency has continuously utilized its Low and Moderate Income Housing Fund for the purpose of increasing, improving and preserving the community's supply of low -and moderate -income housing available at affordable housing cost; and By enactment of Part 1.85 of Division 24 of the Health and Safety Code, subject to all reservations herein stated, the Agency is subject to dissolution on February 1, 2012 such that the Agency shall be deemed as a former Redevelopment Agency under Health and Safety Code section 34173(a); and Pursuant to Part 1.85 of Division 24 of the Health and Safety Code, the City Council of the City of City of Huntington Beach has duly adopted Resolution No. 2012- 02 ("Resolution"), subject to all reservations therein stated, designating the Housing Authority to receive a transfer of, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418; and The City Council of the City of City of Huntington Beach adopted the Resolution, subject to the express reservation of rights of the City of Huntington Beach, Agency and the Housing Authority under law and/or equity, including without limitation the effectiveness of Assembly Bill No. 26 (2011-2012 lst Ex. Sess.) ("AB Ix 26") (collectively, "Laws"); and Subject to all reservations herein stated and pursuant to Part 1.85 of Division 24 of the Health and Safety Code, the Housing Authority desires to accept the transfer of, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418; and -1- 12-3165/74602 Housing Authority Resolution No. 01 The Housing Authority does not intend, by adoption of this resolution, to waive any constitutional and/or legal rights by virtue of the adoption of this resolution and, therefore, reserves all of its rights under Laws to challenge the applicability of AB Ix 26 to the City of City of Huntington Beach, Agency and the Housing Authority in any administrative or judicial proceeding; and All other legal prerequisites to the adoption of this resolution have occurred; and The Housing Authority hereby finds and determines that the foregoing recitals are true and correct. NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve as follows: 1. Subject to all reservations herein stated and pursuant to Part 1.85 of Division 24 of the Health and Safety Code, the Housing Authority accepts the transfer of, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418. 2. The Executive Director or his/her designee is hereby authorized to make all notifications of such acceptance, as deemed necessary under Part 1.85 of Division 24 of the Health and Safety Code and to execute all documents and take all actions necessary and convenient to carry out and implement the transfer to the Housing Authority of the rights, powers, assets, duties and obligations associated with the housing activities of the Agency and to administer the Authority's obligations, responsibilities and duties to be performed thereunder. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the Housing Authority of the City of Huntington Beach at a regular meeting thereof held on the 91: h day of January , 2012 . REV14P., kND APPROVED: I Y� l�• -2- Chairman I A ED PPROVED: Deputy Executive Director A OVED A FORM: thority ounsel 12-3165n4602 Res. No. 01 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF HUNTINGTON BEACH ) I, JOAN FLYNN, Housing Authority Clerk of the Huntington Beach Housing Authority DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the Huntington Beach Housing Authority at a special meeting of said Housing Authority held on January 9, 2012 and that it was so adopted by the following vote: AYES: Shaw, Harper, Dwyer, Hansen, Carchio, Bohr, Boardman NOES: None ABSENT: None ABSTAIN: None �e. rk of the Huntington Beach Housing Authority City of Huntington Beach, California