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RES-9070 Affordable Housing Agreement Regarding 1741-1745 E. Adams AvenueRESOLUTION NO. 9070 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE APPROVING AN AFFORDABLE HOUSING AGREEMENT BY AND BETWEEN THE ORANGE REDEVELOPMENT AGENCY AND ORANGE HOUSING DEVELOPMENT CORPORATION REGARDING 1741- 1745 EAST ADAMS A VENUE AND MAKING CERTAIN FINDINGS WHEREAS, pursuant to Section 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 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 oflow- 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, 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 toSection 33334.2(g) of the CRL, the Agency may use Housing Funds to assist in the provision of housing for low and moderate income households, including very low-inCOffil~ households, outside the boundaries of its redevelopment project areas upon resolution of the City Council and the Agency that such use will be of benefit to the redevelopment projects; and WHEREAS, Orange Housing Development Corporation, a California nonprofit corporation OHDC"), has entered into an agreement for the acquisition of certain improved real property located at 1741-1745 East Adams Avenue (the "Site"), which is located outside the boundaries of the City's redevdopment project areas; and WHEREAS, the Site is improved with three dwelling units, which units OHDC has inspected and b(:lieves to be suitable for the provision and maintenance of affordable housing; and WHEREAS, OHDC has requested the assistance of the Agency to make available to OHDC 149,820 in Housing Funds (including a loan of $30,000 and a grant of $119,820) to be used to acquire 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, including very low income, for fifty-five (55)years (the "Project"), as more fully set forth in an Affordable Housing Agreement ("Agreement") to be entered into by and between the Agency and OHDC in a form acceptable to the Agency; and WHEREAS, the City Council 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 Proje(:t 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 welfure of its residents, and in accord with the public purposes and provisions of applicable federal, state 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 Construction requiring voter approval at an election; and WHEREAS, the City Council and the governing board of the Agency have duly considered all terms lUld 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 City Council of the City of Orange resolves, on the basis of the factsse:t 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 $149, 820 for the Project will be of benefit to the City's redevelopment projects.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 4. The City Council approves the preparation of the Agreement between OHDC and the AgI~cy in accordance with the terms and provisions set forth in the agenda report presented to the City Council and any testimony received at the meeting at which this matter was considered and hereby authorizes and directs the Chairman of the Agency to execute the Agreement on behalf of the Agency in a fonn 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 Agreernent on behalf ofthe Agency.ADOPTED this 26th day of January, 1999. 7 J yor of the City of Orange I ATTEST:LL~~~T~L. u~City Cllerk ofth lty of range Reso. No. 9070 I hereby certifY that the foregoing Resolution was duly and regularly adopted by the City Council ofthe City of Orange at a regular meeting thereof held on the 26th of Januarv ,1999, by the following vote: AYES:: NOES: ABSENT: ABSTAIN: Reso. No. 9070 COUNCIL MEMBERS: MURPHY. SLATER, COONTZ, SPURGEON, ALVAREZ COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE 1A~Ji~City Clerk of the i of ge 3-