RES-8572 Affordable Housing Agreement ApprovalRESOLUTION NO. 8572
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE
CONSENTING TO THE APPROVAL OF AN AFFORDABLE HOUSING
AGREEMENT BETWEEN THE ORANGE REDEVELOPMENT AGENCY
AND THE ORANGE HOUSING DEVELOPMENT CORPORATION
REGARDING 131 EAST WALNUf AVENUE AND 143 EAST WALNUf
AVENUE AND MAKING CERTAIN FINDINGS
CLARK PROPERTY]
WHEREAS, the Orange Redevelopment Agency (hereinafter referred to as the "Agency")
under the provision of the California Community Redevelopment Law, is engaged in activities
necessary for the execution of the Redevelopment Plan for the Southwest Redevelopment Project
Area (hereinafter referred to as the "Project Area"); and
WHEREAS, Orange Housing Development Corporation, a California corporation ("OHDC")
has entered into an agreement for the acquisition of certain improved real property located ilt
131 East Walnut Avenue and 143 East Walnut Avenue (to be redesignated as 500 North Orange
Street) (the "Site") outside but within the vicinity of the Project Area; and
WHEREAS, OHDC shall construct four dwelling units on the Site, which shall be
maintained available for a period of not less than fifty-five (55) years at affordable rent to
households consisting of senior citizens and having Very Low Income(s) as defined pursuant to Section
50053 of the California Health and Safety Code, as more fully set forth in a proposed Affordable
Housing Agreement between the Agency and OHDC (the" AHA ") in the form submitted herewith;
and WHEREAS, as provided pursuant to Section 33334.2 of the Health & Safety Code, the
use of moneys from the Agency's Low-and Moderate-Income Housing Fund ("
Housing Moneys") and the provision of affordable housing outside of a redevelopment project area but
within the corporate limits of the City is of benefit to redevelopment projects and redevelopment
projects areas located within
the City; and WHEREAS, in connection with the Tustin Street, Southwest,
and Northwest Redevelopment Projects (collectively. the "Projects "), each of the Agency and the City Council of the
City of Orange have found and determined that the provision of affordable outside of the Project
Areas of the Projects is beneficial to each of those Projects and
Project Areas; and WHEREAS, the AHA provides for the imposition of long-
term affordability covenants, and contemplates the use of varied sources of private financing in connection with
the acquisition of the
Site by OHDC; and WHEREAS, the City Council has duly considered all terms and conditions
of the AHA and believes that the activities described in the AHA are 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 Community Redevelopment Law as
well as the Redevelopment
PUBL:34062 _1194182359.
Plan for the Southwest Redevelopment Project, as well as the other Redevelopment Plans as
adopted by the City of Orange;
NOW, THEREFORE, the City Council of the City of Orange does hereby find,
determine, order and resolve as follows:
Section 1. The City Council finds and determines that the use of Housing Moneys from
each of the Projects is of benefit to each and every one of the Projects and corresponding Project
Areas,
Section 2. The City Council consents to the approval and execution of the AHA by the
Agency.
Section 3. This Resolution shall take effect immediately upon adoption.
APPROVED AND ADOPTED by the City Council of the City of Orange this 23rd day
of January, 1996,
7
ATTEST:l/
tr/d~X-
City Clerk
I hereby certifY that the foregoing Resolution was duly and regularly adopted by the City
Council of the City of Orange at a regular meeting thereof held on the :nrd day of
January. 1996, by the following vote:
AYES: COUNCILMEMBERS MURPHY, BARRERA, MAYOR COONTZ, SPURGEON,
SLATER
NOES: COUNCILMEMBERS NONE
ABSENT: COUNCILMEMBERS NONE
ABSTAIN: COUNCILMEMBERS NOOE
14PUAtlM- rL ~~
City Clerk (J
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