HomeMy WebLinkAboutReso 1994-17682 RESOLUTION NO. 17682
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING A HOUSING DEVELOPMENT AND LOAN
AGREEMENT INCLUDING AFFORDABILITY COVENANTS AND
ASSOCIATED LOAN DOCUMENTS WITH SOUTH BAY
COMMUNITY SERVICES (SBCS) FOR THE ACQUISITION AND
REHABILITATION OF 12 UNITS AT 17 FOURTH AVENUE FOR
TRANSITIONAL HOUSING FOR HOMELESS FAMILIES;
AUTHORIZING MAYOR TO EXECUTE SAID AGREEMENT AND
ASSOCIATED DOCUMENTS, AND APPROPRIATING 9360,016
IN FEDERAL HOME PROGRAM FUNDS IN ORDER TO FUND
CITY'S LOAN OBLIGATION THEREUNDER AND CITY'S LOAN
REPAYMENT OBLIGATION THEREUNDER WITH RESPECT TO
50% OF A $200,000 LISC LOAN TO SBCS
WHEREAS, South Bay Community Services (hereinafter "SBCS") is a non-profit
community-based organization with the ability to acquire, rehabilitate, and manage affordable
housing and provide services to homeless and displaces families; and,
WHEREAS, SBCS is requesting $360,016 in HOME funds to acquire and rehabilitate
12 units at 17 Fourth Avenue for transitional housing for homeless and displaced families;
and,
WHEREAS, the provision of transitional housing units is identified as an objective in the
Housing Element and a priority in the Comprehensive Housing Affordability Strategy; and,
WHEREAS, the City has Federal HOME funds available for affordable housing projects;
and,
WHEREAS, the City desires to loan $360,016 in Federal HOME funds to SBCS for
acquisition and rehabilitation of 17 Fourth Avenue transitional housing project.
WHEREAS, the project qualifies as a Categorically Exempt project under the California
Environmental Policy Act and has been duly noticed and filed as such.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby
find, order, determine and resolve that the City of Chula Vista hereby appropriates 9360,016
in Federal HOME funds for a loan to South Bay Community Services, known as document
numbers CO94-225, CO94-226 and CO94-227, copies of which are on file in the office of
the City Clerk, for the acquisition and rehabilitation of 12 units at 17 Fourth Avenue for
transitional housing;
BE IT FURTHER RESOLVED, that the recitals and findings set forth above are true and
corFect and incorporated herein by this reference.
BE IT FURTHER RESOLVED, that the City Council approves the Housing Development
Resolution No. 17682
Page 2
Agreement and associated loan documents for 17 Fourth Avenue and authorizes the Mayor
to sign said documents;
BE IT FURTHER RESOLVED, that the City Attorney or his designee is authorized to
make minor non-substantive changes to the Housing Development Agreement and associated
loan documents in order to ensure that the documents fully agree with the documents of the
other lenders for 17 Fourth Avenue.
Presented by Approved~s t/~for~~2.
Chris Salomone
M. Boogaard
Community Development Director City Attorney
Resolution No. 17682
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 1 lth day of October, 1994, by the following vote:
YES: Councilmembers: Fox, Horton, Moore, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Rindone
Tim Nader, Mayor
ATTEST:
~. Au~helet, City Cle;k
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No, 17682 was duly passed, approved, and adopted by the City
Council at a joint City Council/Redevelopment Agency meeting held on the 1 l th day of
October 1994.
Executed this 11 th day of October, 1994.
Beverly ~'/Autl~elet, City Clerk