HomeMy WebLinkAboutReso 2010-155RESOLUTION NO. 2010-155
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE CITY MANAGER TO
EXECUTE LOAN DOCUMENTS BY AND BETWEEN THE CITY
OF CHULA VISTA AND SOUTH BAY COMMUNITY SERVICES
IN THE AMOUNT OF $385,000, AND ALL OTHER
DOCUMENTS NECESSARY FOR THE FINANCING OF THE
ACQUISITION AND REHABILITATION OF 1194-1196
TRENTON AVENUE FOR AFFORDABLE HOUSING, AND
APPROPRIATING FUNDS THEREFOR
WHEREAS, the City of Chula Vista is an entitlement/participating jurisdiction for the United
States Department of Housing and Urban Development (HUD) funding programs and is awarded on
an annual basis, a formula grant from the Community Development Block Grant (CDBG); and
WHEREAS, CDBG funds are designed to assist in the creation of affordable housing
opportunities for low income households through the acquisition and/or rehabilitation of affordable
housing; and
WHEREAS, South Bay Community Services (Developer) proposes to acquire and
rehabilitate a 7-unit multi-family rental development, with units affordable to extremely low, very-
low, and low-income households, at 1194-1196 Trenton Avenue (Lot16 of Map No. 2119) located
north of Palomar Road in City of Chula Vista (Project); and
WHEREAS, the City wishes to provide up to $385,000 from its federal Community
Development Block Grant (CDBG) funds to assist SBCS in the acquisition/rehabilitation. The City
assistance is a maximum level of participation; and
WHEREAS, the City's provision of funds to the residential use of the Project will directly
improve the City's supply of very low and low-income housing; and
WHEREAS, the environmental coordinator has reviewed the proposed action for compliance
with the National Environmental Policy Act (NEPA) due to the use of Federal funds and has
determined that pursuant to Section 58.35 (a), Title 24 ofthe Code of Federal Regulations the project is
Categorically Excluded.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA DOES
HEREBY RESOLVE as follows:
1. That it authorizes the establishment in fund 33320 a new non-CIP project - "Trenton Street
Project" and amends the Fiscal Year 2010 CDBG Program Budget to appropriate $385,000 in
grant funds from Housing and Urban Development to the "Trenton Street Project" for a loan
related to the acquisition and rehabilitation of the Project; and
Resolution No. 2010-155
Page 2
2. That it authorizes the City Manager to execute loan documents for $385,000 from CDBG funds
between the City of Chula Vista and South Bay Community Services, and all other documents
necessary for the financing ofthe "Trenton Street Project" in substantially the form presented to
the City, and make such modifications, changes or additions in consultation with the Office of
the City Attorney, as may be necessary or advisable for the financing of the project.
Presented by
ary albeit P.E., AICP
Deputy City anager/Development Services
Director
Approved as to form by
B Miesfeld
qty Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 22nd day of June 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Thompson and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: Ramirez
r`
n
Cheryl Cox, ayor
ATTEST:
~~; Donna R. Norris, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-155 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 22nd day of June 2010.
Executed this 22nd day of June 2010. -'
{o r•. Donna R. Norris, CMC, City Clerk