HomeMy WebLinkAboutcc min 2007/01/09 (2)
MINUTES OF AN ADJOURNED REGULAR MEETING OF THE CITY COUNCIL
AND A SPECIAL MEETING OF THE HOUSING AUTHORITY
OF THE CITY OF CHULA VISTA
January 9, 2007
6:00 P.M.
An Adjoumed Regular Meeting of the City Council and a Special Meeting of the Housing
Authority of the City of Chula Vista were called to order at 7:57 p.m., in the Council Chambers,
located in City Hall, 276 Fourth Avenue, Chula Vista, California.
ROLL CALL
PRESENT:
Council!Authoritymembers Castaneda, McCann, Ramirez,
Rindone, and Mayor/Chair Cox
ABSENT: Council!Authoritymembers: None
ALSO PRESENT: Executive Director/Interim City Manager Thomson, Authority/City
Attorney Moore, City Clerk Bigelow, and Deputy City Clerk
Bennett
PUBLIC COMMENTS
There were none.
PUBLIC HEARINGS
1. CONSIDERATION OF THE ISSUANCE OF TAX-EXEMPT OBLIGATIONS WITH
RESPECT TO THE PROPOSED REFINANCE AND REHABILITATION OF
EXISTING AFFORDABLE UNITS AT OXFORD TERRACE APARTMENTS
The City of Chula Vista has received a request from Alpha Project to consider the
issuance of tax-exempt obligations to refinance and rehabilitate 132 existing affordable
housing units at the Oxford Terrace Apartments project. The refinance and rehabilitation
will improve the property and slightly lower the already affordable rents. (Acting
Community Development Director)
Housing Manager Mandy Mills presented the staff report.
Mayor/Chair Cox opened the public hearing.
Council!Authoritymember Castaneda asked staff to come back with a proposal on how the City
may proactively seek ways to identify properties that would benefit from this program.
Council! Authoritymember McCann requested confirmation from staff that the proposed bond
would not cost the City or Housing Authority any money; that it is taking an existing affordable
project and placing approximately $15,000 into each unit; and should the bonds go into default,
there would be no recourse to Housing Authority funds. Ms. Mills responded affirmatively.
Mayor/Chair Cox asked whether or not the tax exempt bonds would be available to any private
property owner, as long as they were willing to meet the stipulations of Housing and Urban
Development requirements or low/moderate income housing. Ms. Mills replied that such bonds
would be available to any entity that meets the minimum restrictions.
PUBLIC HEARINGS (Continued)
Council/Agencymember Rindone spoke in support of the staff referral by Councilmember
Castaneda to retum to the Council with a proposal on how the City may proactively seek ways to
identify other properties that would benefit from this program.
There being no members of the public who wished to speak, Mayor/Chair Cox closed the public
hearing.
ACTION:
Council/Authoritymember Castaneda moved to adopt Housing Authority
Resolution No. 2007-032 and Council Resolution No. 2007-011, headings read,
texts waived:
A. HOUSING AUTHORITY RESOLUTION NO. 2007-032, RESOLUTION
OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA
REGARDING ITS INTENTION TO ISSUE TAX-EXEMPT
OBLIGATIONS FOR A PROPOSED REFINANCE AND
REHABILITATION OF EXISTING AFFORDABLE UNITS AT
OXFORD TERRACE APARTMENTS
B. RESOLUTION NO. 2007-011, RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF CHULA VISTA PURSUANT TO
SECTION 147(F) OF THE INTERNAL REVENUE CODE OF 1986
APPROVING THE ISSUANCE OF BONDS BY THE HOUSING
AUTHORITY OF THE CITY OF CHULA VISTA FOR THE
REFINANCE AND REHABILITATION OF EXISTING AFFORDABLE
UNITS AT OXFORD TERRACE APARTMENTS
Council/Authoritymember Ramirez seconded the motion, and it carried 5-0.
OTHER BUSINESS
2. CITY MANAGERlDIRECTOR'S REPORTS
There were none.
3. MAYOR/CHAIR'S REPORTS
There were none.
4. COUNCIL/AGENCY MEMBER'S COMMENTS
There were none.
ADJOURNMENT
At 8: 18 p.m., Mayor/Chair Cox adjourned the meeting until further notice, and to the Adjourned
Regular Meeting of the City Council on January 15,2007 at 9:30 a.m. in the Council Chambers.
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orraine Bennett, CMC, Deputy City Clerk
Page 2 - Council/HA Minutes
January 9, 2007