RES-ORA-0388 Loan & Grant Agreement ApprovalRESOLUTION NO. ORA-
0388 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
A LOAN AND GRANT AGREEMENT BY
AND AMONG THE CITY OF ORANGE, THE
ORANGE REDEVELOPMENT AGENCY AND
ORANGE HOUSING DEVELOPMENT
CORPORATION REGARDING 481-491 SOUTH
LEMON STREET AND MAKING
CERTAIN FINDINGS.WHEREAS, pursuant toSections 33334.2(a) and 33334.6(c) oftheCommunityRedevelopmentLaw (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 set aside by the Agency in its
Low- and Moderate-Income Housing Fund ("Housing Fund") and 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, theAgencymayexerciseanyandallofitspowerstocarry
out this purpose; and WHEREAS, pursuant to Section 33334.6(a) of the CRL, the California State Legislature has found and declared that the provision of affordable
housing outside of redevelopment project areas can be of direct benefit to those projects in
assisting the accomplishment
of project objectives; and WHEREAS, pursuant to Section 33334.2(g) of the CRL, theAgencymayuseHousingFundstoassistintheprovisionofhousingforvery
low-, low- and moderate-income households outside the boundaries of its redevelopment project
areas upon resolution of the City Council and the Agency that such use will be ofbenefit
to the redevelopment projects;and WHEREAS, Orange Housing
Development Corporation, a California nonprofit corporation ("OHDC"), has entered into an agreement fortheacquisitionofcertainimprovedrealpropertylocatedat481-491 South Lemon Street (the "
Site"), which is located outside the boundaries ofthe
City's redevelopment project areas; and WHEREAS, the Site is improved with six
dwelling units, which units OHDC has inspected and believes to be suitable for theprovision
and maintenance of affordable housing;and WHEREAS, OHDC has requested the assistance of
the Agency to make available to OHDC $69,000 in Housing Funds to be used to rehabilitate
the Site and, thereafter, to cause the dwelling units at the Site to be made available and rented
to persons and families of low and moderate income for fifty-five (55) years (the "Project"). as
and Grant Agreement ("Agreement") by and among the City of Orange, the Agency and
OHDC in a form acceptable to the Agency and the City; and
WHEREAS, the City Council has found and determined, and the Agency desires to find
and determine, that the use of a portion of the funds from the Housing Fund outside the
boundaries of the City's redevelopment project areas for the Project in accordance with the
terms and provisions of the Agreement, is for the benefit of the City's redevelopment project
areas 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 and contemplates the use of varied sources of
private financing in connection with the acquisition of the Site by OHDC; and
WHEREAS, the Project consists of the rehabilitation of dwelling units of a previously
existing low-rent housing project and is not, therefore, a "low rent housing project" within
the meaning of Article XXXIV of the California Constitution requiring voter approval at
an election;
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 applicable state and local law requirements, and that such activities promote
the affordable housing objectives of the CRL as well as the Redevelopment Plans for
the Northwest, Southwest and Tustin Street Redevelopment
Projects.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 1. That the Agency's use of funds from the Housing Fund in the amount
of 69,000 for the Project will be of benefit to the City's redevelopment projects 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 the applicable federal, state and
local laws and requirements and contemplates the use of varied sources of private financing
in connection with the acquisition of the Site by
OHDC.Section 2. That the provision of affordable housing pursuant to the Agreement is
of benefit to each of the following redevelopment projects and their project areas: the
Tustin Street Redevelopment Project; the Southwest Redevelopment Project; and the
Northwest Redevelopment
Project.Section 3. That the Agency approves the preparation of the Agreement with
OHDC and the City in accordance 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 Resolution No.
ORA-
considered and hereby authorizes and directs the Executive Director of the Agency to execute
the Agreement on behalf of the Agency in a form to be prepared by the General Counsel of the
Agency (or his designee) upon consultation with the City Attorney and to take all steps and
sign all documents and instruments to carry out the Agreement on behalf of the Agency.
ADOPTED this 13th day of February, 2001.
I!J/-~ f7>/~Mar
A Murphy, . mnan f
ATTEST:
2.
J-/~~~A'Ad Cassandra
J Cathc , Agency Clerk 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 13th day of February,
2001, by the following vote:AYES:
DIRECTORS: Slater, Alvarez, Murphy, Coontz NOES:
DIRECTORS: None ABSENT:
DIRECTORS: None ABSTAIN:
DIRECTORS: None A~
A~~Cassandra
J Cathc , Agency Clerk Resolution
No. ORA,0388 3