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HomeMy WebLinkAboutReso 2025-027RESOLUTION NO. 2025-027 (Successor Agency to the Redevelopment Agency 2025-001 / Housing Authority 2025-001) JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA, THE CHULA VISTA HOUSING AUTHORITY, AND THE CHULA VISTA HOUSING AUTHORITY ACTING IN ITS CAPACITY AS THE SUCCESSOR HOUSING AGENCY TO THE CHULA VISTA REDEVELOPMENT AGENCY: (1) AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND ENTER INTO A LEASEHOLD DISPOSITION AND DEVELOPMENT AGREEMENT AND GROUND LEASE, AND TO CONVEY THE PALOMAR MOTEL IMPROVEMENTS TO WAKELAND HOUSING AND DEVELOPMENT CORPORATION, OR AN AFFILIATE; (2) AUTHORIZING A LOAN FROM THE CHULA VISTA HOUSING AUTHORITY IN AN AMOUNT NOT TO EXCEED $3,000,000 OF SUCCESSOR HOUSING AGENCY TO THE CHULA VISTA REDEVELOPMENT AGENCY FUNDS TO WAKELAND HOUSING AND DEVELOPMENT CORPORATION, OR AN AFFILIATE, FOR THE REHABILITATION AND CONVERSION OF THE PALOMAR MOTEL TO PERMANENT SUPPORTIVE HOUSING; (3) AMENDING THE FISCAL YEAR 2024-25 BUDGET; AND (4) AMENDING THE 2024-25 CAPITAL IMPROVEMENT PROGRAM BUDGET THEREFOR WHEREAS, the California Health and Safety Code (HSC) Sections 33334.2, 33334.6, and 34176.1 authorize and direct the Chula Vista Housing Authority (Housing Authority), in its capacity as the Successor Housing Entity as defined in California Health and Safety Code Section 34176, to expend Low and Moderate Income Housing Asset Funds for the purposes of increasing, improving, and preserving the community’s supply of low and moderate-income housing available at an affordable rent to persons and families of low or moderate income; and WHEREAS, pursuant to HCD Section 34176(d) the Housing Authority has established a Low and Moderate Income Housing Asset Fund (the Housing Fund); and WHEREAS, pursuant to HSC Section 34176.1, Housing Successor Entities may not accumulate an “excess surplus,” or a high unencumbered Housing Fund balance as determined by a threshold formula, and the Housing Fund has accumulated an excess surplus of approximately $7,000,000 that must be encumbered by June 30, 2025; and WHEREAS, the City of Chula Vista (City) acquired that certain real property located at 1160 Walnut Avenue (the Property), containing a 28-unit motel known as the Palomar Motel (the Project), with the intent to rehabilitate it and convert it to Permanent Supportive Housing, combining affordable housing assistance with voluntary support services such as substance abuse treatment and mental health care to address the needs of chronically homeless people; and Docusign Envelope ID: DECEC06E-7D63-4D9C-A138-2DAB4AC42DD0 Resolution No. 2025-027 (SA 2025-001 / HA 2025-001) Page No. 2 WHEREAS, the City carried out a competitive selection process consisting of a Request for Qualifications (RFQ) and Request for Proposals (RFP) to select a developer to carry out the substantial rehabilitation of the Project and oversee its long-term operation, and selected Wakeland Housing and Development Corporation, or an affiliate thereof (Wakeland), as the developer via Resolution No. 2024-031; and WHEREAS, the Housing Authority wishes to partially fulfill the encumbrance requirements of the Housing Fund and assist with the substantial rehabilitation of the Project by making a loan to Wakeland in an amount not to exceed $3,000,000; and WHEREAS, a balance of $5,284,245 from the Capital Improvement Program (CIP) fund was previously appropriated for the Project via Resolution Nos. 2024-133, adopted on June 25, 2024, and 2024-0263, adopted on November 12, 2024; and WHEREAS, the City Charter states that at any meeting after the adoption of the budget, the City Council may amend or supplement the budget by a motion adopted by the affirmative votes of at least four members; and WHEREAS, the City and Housing Authority, acting in its capacity as the Successor Housing Entity, now desire to amend the Fiscal Year 2024-25 Successor Agency Budget by appropriating $3,000,000 in Low-Mod funds for the Project; and WHEREAS, the City and Housing Authority also desire to amend the Fiscal Year 2025 Infrastructure, Facilities, and Equipment Expenditures Plan to reallocate CIP funds previously appropriated for the Project to other purposes; and WHEREAS, in order to further facilitate the substantial rehabilitation and long-term operation of the property, the City desires to negotiate and enter into various agreements with Wakeland, including a Leasehold Disposition and Development Agreement (LDDA), a long-term ground lease agreement for the Property, and a conveyance of the Project to Wakeland. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that it authorizes and directs the City Manager or designee to negotiate and enter into a Leasehold Disposition and Development Agreement (LDDA) between the City of Chula Vista and Wakeland, a long-term ground lease agreement for the Property between the City of Chula Vista and Wakeland with an annual rent of $1, and a conveyance of the Project to Wakeland for the sum of $1, along with a regulatory agreement and all other necessary documents, in the form as may be required or approved by the City Attorney. BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista and the Chula Vista Housing Authority, that it appropriates $3,000,000 from the available fund balance of the Successor Agency to the Redevelopment Agency Fund increasing CIP GGV0270. BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista , the Chula Vista Housing Authority, and the Chula Vista Housing Authority acting in its capacity as the Docusign Envelope ID: DECEC06E-7D63-4D9C-A138-2DAB4AC42DD0 Resolution No. 2025-027 (SA 2025-001 / HA 2025-001) Page No. 3 Successory Housing Entity to the Chula Vista Redevelopment Agency, that they each authorize and direct the Executive Director to make a loan from the Chula Vista Housing Authority to Wakeland in an amount not to exceed $3,000,000 for the substantial rehabilitation of the Project. BE IT FURTHER RESOLVED, by the City Council of the City of Chula Vista and the Chula Vista Housing Authority, that they hereby amend the Fiscal Year 2024-25 budget and approve the following appropriations and transfers: Fund Supplies and Services Transfers Out Capital Projects (GGV0270) Total Expenditures Estimated Revenue Net Impact Housing Authority Fund $5,000,000 $5,000,000 ($5,000,000) $ - Capital Improvement Fund $5,000,000 ($5,000,000) $ - $ - [SIGNATURES ON THE FOLLOWING PAGE] Docusign Envelope ID: DECEC06E-7D63-4D9C-A138-2DAB4AC42DD0 Resolution No. 2025-027 (SA 2025-001 / HA 2025-001) Page No. 4 Presented by Approved as to form by Stacey Kurz Marco A. Verdugo Director of Housing and Homeless Services City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 4th day of March 2025 by the following vote: AYES: Councilmembers: Chavez, Fernandez, Inzunza, Preciado, and McCann NAYS: Councilmembers: None ABSENT: Councilmembers: None John McCann, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2025-027 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 4th day of March 2025. Executed this 4th day of March 2025. Kerry K. Bigelow, MMC, City Clerk Docusign Envelope ID: DECEC06E-7D63-4D9C-A138-2DAB4AC42DD0