RES-ORA-0343 Loan and Grant Approval Regarding 1915-1919 E Adams AvenueRESOLUTION NO. ORA-
0343
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 1915-1919 EAST
ADAMS AVENUE 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 set aside by the Agency in its Low- and
Moderate-Income Housing Fund ("Housing Fund") and uS(ld 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, 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 ean be of direct benefit to those projects in assistJlng the
accomplishment of
project objectives; and WHEREAS, pursuant to Section 33334.2(g) of the CRL, the Agency
may use Housing Funds to assist in the provision of housing for very 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 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 1915-1919 East Adams Avenue (the "Site"),
which is located outside the boundaries of the City'
s
redevelopment project areas; and WHEREAS, the Site is improved with three dwelling units,
which units OHDC has inspected and believes 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 $56,925 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 "Projeet"), as more fully set
Grant Agre'~ment ("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 detemline, 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 QHDC; 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 matterwa') 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 u)rth in the agenda report presented to it and any testimony received at the meeting
at which this matter was considered, as
follows:Sedion 1. That the Agency's use of funds from the Housing Fund in the amount
of 56,925 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 wilth the public purposes and provisions of appliGable federal, state and local laws
and requirements. and contemplates the use of varied sources of private financing in connection
with the acquisi,tion 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 QHDC
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 considered and
hereby Reso No. ORA 0343
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 28th day of July, 1998.
ORANGE REDEVELOPMENT AGENCY,
a public body, corporate and politic
ATTEST:
fttT
Agency Clerk
I hereby certify that the foregoing Resolution was duly and regularly adopted by the
Oran~~edevelopment Agency at a regular meeting thereof held on the 28th day of July, 1998, by
the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
MURPHY, SLATER, COONTZ, SPURGEON, ALVAREZ
NONE
NONE
NONE
14tA'A'At?~t ~~
Agency Clerk U
Reso No. ORA 8343
Reso No. ORA 0343 3