RES-ORA-0416 Acquisition & Predevelopment Grant AgreementRESOLUTION NO. ORA-
0416
A RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVING AN
ACQUISITION AND PREDEVELOPMENT GRANT
AGREEMENT BY AND AMONG THE CITY OF
ORANGE, THE ORANGE REDEVELOPMENT
AGENCY AND ORANGE HOUSING
DEVELOPMENT CORPORATION REGARDING
PROPERTY LOCATED ON WEST CHAPMAN
AVENUE BETWEEN LESTER STREET AND
CITRUS STREET AND MAKING CERTAIN
FINDINGS
WHEREAS, pursuant to Sections 33334.2(a) and 33334.6(c) of the Community
Redevelopment Law (commencing with Section 33000 of the Health and Safety Code and
hereinafter referred to as the CRL) not less than 20% of all taxes which are allocated to the
Orange Redevelopment Agency (Agency) are s<:t aside by the Agency in its Low- and
Moderate-Income Housing Fund (Housing Fund) ~md used by the Agency for the purpose
of increasing, improving and preserving the community's supply of low- and
moderate-income housing available at affordable housing costs to persons and families of
low- and moderate-income, including very low income persons
and
families; and WHEREAS, pursuant to Section 33334.2(e) of the CRL, the Agency may
exercise any and all of its powers to carry out this
purpose; and WHEREAS, Orange Housing Development Corporation, a
California nonprofit corporation (OHDC), has entered into agreements for the acquisition of certain
real property located on West Chapman Avenue, between Lester and Citrus (the Site), which is
located within the boundaries ofthe Orange Merged and Amended Redevelopment Project Area (the
Site); and WHEREAS, OHDC proposes to assemble the Site and, subject to obtaining
Low Income Housing Tax Credits, construct on the Site a multi-family residential
development consisting of twenty-nine (29) apartment units, to be rented exclusively, at affordable
rents, to Low Income and Very Low Income
households (the Project); and WHEREAS, OHDC has requested the assistance of the Agency
to make available to OHDC $916,750 in Housing Funds to be used to acquire the
Site and pay certain predevelopment costs in preparation for the Project, as more fully set forth
in an Acquisition and Predeveiopment Grant Agreement (Agreement) by and among the City
of Orange, the Agency and OHDC, substantially in the form presented to the Agency and
the City Council; and WHEREAS, the Project will consist of privately-owned
housing, not exempt from ad valorem taxation by reason of any public ownership and is
not financed with direct long-term financing from a public body, and is not, therefore, a
low rent housing project within the meaning of Article XXXIV of the California Constitution
requiring
voterapproval
at
anelection;and
WHEREAS, the governing board of the Agency, along with the City Council, have duly
considered all of the terms and conditions of the Agreement as set forth in the agenda report
presented to it and any testimony received at the meeting at which this matter was considered
and believes that the activities described therein are in the best interests of the City and health,
safety, morals and welfare of its residents, and in accord with the public purposes and provisions
of applkable State and local law requirements, and that such activities promote the affordable
housing objectives of the California Community Redevelopment Law as well as the Amended
and Restated Redevelopment Plan for the Orange Merged and Amended Redevelopment Project
Area;
NOW, THEREFORE, the Orange Redevelopment Agency resolves, on the basis of the
facts set forth in the agenda report presented to it and any testimony received at the meeting at
which this matter was considered, as follows:
Section I. That the Agency's use of funds from the Housing Fund in the amount of
916,750 for the Project will be of benefit to the Orange Merged and Amended Redevelopment
Project Area and is in the vital and best interests of the City of Orange and the health, safety and
welfare of its residents, and in accord with the public purposes and provisions of applicable
federal, state and local laws and requirements.
Section 2. That the Agency approves the Agreement with OHDC and the City in
accordarlce with the terms and provisions set forth in the agenda report presented to the Agency
and any testimony received at the meeting at which this matter was considered and hereby
authorizes and directs the Chairman or Executive Director of the Agency or designee to execute
the Agreement on behalf of the Agency substantially in the form presented to the Agency and the
City Council, and to take all steps and sign all documents and instruments to carry out the
Agreem(:nt on behalf of the Agency.
ADOPTED this 22nd day of October, 2002.
ATTEST:
t. YJt{
6#./~-r
Cassandra J. Cathc , lerk
Reso No. ORA.0416 2 -
I hereby certify that the foregoing Resolution was duly and regularly adopted by the
Orange Redevelopment Agency at a regular meeting thereof held on the 22nd day of October,
2002, by the following vote:
AYES: DIRECTORS: Alvarez, Murphy, Cavecche
NOES: DIRECTORS: None
ABSENT: DIRECTORS: Slater, Coontz
ABSTAIN: DIRECTORS: None
J4tt~~~~L&t;/-Cassandra
J. Cath , Clerk I
hereby certify that the foregoing Resolution No. ORA-0416 was ratified and adopted by
the Orange Redevelopment Agency at a regular meeting thereof held on the 11 th
day of March,
2003 by the following votes:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: Murphy, Coontz, Cavecche
DIRECTORS: None
DIRECTORS: None
DIRECTORS: Alvarez, Ambriz
I~{I~A.//u~
Cassandra J. Cath , Clerk
Note: See March 11, 2003 City Council Minutes for clarification.
Reso
No. ORA-0416 3 -