Loading...
HomeMy WebLinkAboutRDA Reso 1998-1608 AGENCY RESOLUTION NO. 1608 (COUNCIL RESOLUTION NO. 192 9) JOINT RESOLUTION OF THE CITY C()UNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING LOANS IN THE TOTAL AMOUI~ OF 8169,000 TO SOUTH BAY COMMUNITY SERVICES FOR TItE ACQUISITION OF TWO PROPERTIES FOR THEIR OPERATIO AS SUPPORTIVE HOUSING FOR THE HOMELESS OR VERYLO~ INCOME FAMILIES AND THE APPROPRIATION OF $117,900 f IOM THE CITY OF CHULA VISTA'S HOME FUNDS.AND $~,1,100 FROM THE REDEVELOPMENT AGENCY'S LOW AND vlODERATE-INCOME HOUSING SET-ASIDE FUND THEREFOR WHEREAS, South Bay Community Services has expressed a need to receive financial assistance in the amount of $90,800 for the purpo ;e of acquiring the property located at 1536 Concord Way for its continued use as a domestic vi( lence shelter site, other transitional living programs, or housing for very Iow income families; an¢ WHEREAS, South Bay Community Services has expressed a need to receive financial assistance in the amount of $78,200 for the purpo:;e of acquiring the property located at 1747 Regency Way for its continued use as a domestic vic lence shelter site, other transitional living programs, or housing for very Iow income families; an( WHEREAS, the total property acquisition co.,t for the property located at 1536 Concord Way is expected to be approximately $93,300, wit~ a purchase price of $87,300 and other costs associated with the purchase of the Property an( implementation of this Agreement of $6,000. South Bay Community Services expects to finance the acquisition of the Property through a maximum loan of $52,300 from the Redevelop~ent Agency's Low and Moderate Income Housing Set-Aside fund and a maximum loan of $39 700 from the City of Chula Vista's HOME funds and its own resources of $2,500; and WHEREAS, the total property acquisition cos for the property located at 1747 Regency Way is expected to be approximately $80,700, wit a purchase price of $74,700 and other costs associated with the purchase of the Property an( implementation of this Agreement of $6,000. South Bay Community Services expects to fina ~ce the acquisition of the Property through a maximum loan of $78,200 from the City of Chul; Vista's HOME funds and its own resources of $2,500; and WHEREAS, said Housing Advisory Commissic did, on the 26th day of August, 1998, hold a public meeting to consider said request for fina ~cial assistance; and WHEREAS, the Housing Advisory Commission,, upon hearing and considering all testimony, if any, of all persons desiring to be heard, and ccnsidering all factors relating to the request for financial assistance, has recommended to the Cty Council and the Redevelopment Agency that the appropriation be approved because the Com~ nission believes that the City's and Agency's financial participation in the acquisition of the P~operties for confidential domestic violence shelter sites, other transitional living programs, or h,,using for very Iow income families will be a sound investment based upon South Bay Community .~ ,ervices's ability to effectively serve the City's housing needs and priorities as expressed in the Ho~ ~sing Element and the Consolidated Plan and the cost effectiveness of acquiring said properties ~ ased on the appraised value of the properties and the leveraging of the financial assistance recol nmended; and Resolution No. 1608 Page 2 of 3 WHEREAS, financial assistance for the acquisition of the properties for confidential domestic violence shelter sites, other transitional living programs, or housing for very Iow income families is consistent with the General Plan Housing Element and will allow for the continued provision of shelter and supportive services for the homeless and housing for very Iow income households; and WHEREAS, the Environmental Projects Manager has determined that financial assistance for the acquisition of properties located at 1536 Concord Way and 1747 Regency Way represents a continuation of an existing use involving no expansion of use and is, therefore exempt from environmental review pursuant to Section 15301 (a) of the State CEQA Guidelines. NOW, THEREFORE, BE IT RESOLVED the City Council and Redevelopment Agency of the City of Chula Vista as follows: 1. That the City Council and the Redevelopment Agency of the City of Chula Vista do hereby approve a loan in an amount not-to-exceed $39,700 from the City's HOME funds and ~51,100 from the Redevelopment Agency's Low and Moderate Income Housing Set-Aside fund to South Bay Community Services for the acquisition of property located at 1536 Concord Way for a domestic violence shelter site, other transitional living programs, or housing for very Iow income families. 2. That the City Council of the City of Chula Vista does hereby approve a loan in an amount not- to-exceed $78,200 from the City's HOME funds to South Bay Community Services for the acquisition of the property located at 1747 Regency Way for a domestic violence shelter site, other transitional living programs, or housing for very Iow income families. 2. That the City Council and the Redevelopment Agency of the City of Chula Vista do hereby authorize the Finance Director to appropriate a maximum of $~ 17,900 from the City of Chula Vista's HOM~: Funds and $51,100 from the Redevelopment Agency's Low and Moderate Income Housing Set-Aside fund for the purpose of providing loans in an amount not-to-exceed $90,800 and $78,200 to South Bay Community Services for the acquisition of properties located within the City of Chula Vista for domestic violence shelter sites, other transitional living programs, or housing for very Iow income families. 3. That the Mayor and the Chairman of the Redevelopment Agency are hereby authorized and directed to execute loan agreements and other associated documents in order to implement this action on the terms presented in final forms approved by the City/Agency Attorney. 4. Staff is directed to take such other actions as may be necessary or appropriate to assist South Bay community Services with the acquisition of the subject properties. Presented by Approved as to form by Chris SalomcOon~munity Development ~rKnaeh;e~Ynd Director of Agency Counsel Resolution No. 1608 Page 3 of 3 PASSED, APPROVED and ADOPTED BY THE REDEVELOFMENT AGENCY OF THE CiTY OF CHULA VISTA, CALIFORNIA this 10th day of November, 1998 by the following vote: AYES: Members Padilla, Moot, Salas, and Chai~/Mayor Horton NOES: None ABSENT: Padilla ABSTENTIONS: None Shirley Hc ~n Chairman ATTEST: ~-~ ~ Chris Salomone Executive Secretary STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss: CITY OF CHULA VISTA ) I, Chris Salomone, Executive Secretary to the Redevelopmenl ~,gency of the City of Chula Vista, California DO HEREBY CERTIFY that the foregoing is a full, tru and correct copy of Resolution No. 1608 and that the same has not been amended or repealed. Dated: November 11, 1998 ~ ~r)~__ Chris Sak mone Executiv Secretary