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Home My WebLink AboutR60-Economic Development CITY OF SAN BERNARDINO ECONOMIC DEVELOPMENT AGENCY ORIGINAL FROM: Emil A. Marzullo Interim Executive Director SUBJECT: California Housing Foundation, Inc., a non- profit 501(c)(3) organization - Substitution of the 6495 North Jordan Lane property per the 2008 Low and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement DATE: June 23, 2009 SvnoDsis of Previous Commission/Council/Committee Action{s): On September 18, 2008, Redevelopment Committee Members Estrada, Johnson and Baxter unanimously voted to recommend that the Community Development Commission consider this action for approval. On November 3, 2008, Community Development Commission consider and approved the 2008 Low and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement by and between the Agency and California Housing Foundation, Inc., for the benefit of the developmentally disabled adults _______nn_n _______u__nnn ________nn_u_ ________n______ _u________n._ ___________n__n__ __________u____ __________u_n___nn.u Recommended Motion(s): (Communitv Develooment Commission) Resolution of the Community Development Commission of the City of San Bernardino approving and authorizing the substitution of the 6495 North Jordan Lane property in place of the 6728 North Ofelia Drive property per the terms of the approved 2008 Low and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement by and between the Agency and California Housing Foundation, Inc., for the benefit of developmentally disabled adults Contact Person(s): Musibau Arogundade Phone: (909) 663-1044 Project Area(s): N/A Ward(s): 5'" Supporting Data Attached: [;] Staff Report [;] Resolution(s) D Agreement(s)/Contract(s) [;] Map(s) D Letter(s) Agency 20% Low and Moderate Income FUNDING REQUIREMENTS: Amount: $ 200,000 Source: Housing Set-Aside Funds Budget Authority: 2008-2009 EDA Budget Signature: Fiscal Review: R~e~ (f J Emil A. Marzullo, Interim Executive Director Interim Administrative Services Director Commission/Council Notes: m~5D nmm?!Z)-(l~7dOj'9=3Tnnnnnm , P\A~cnd~s\Comm Dev CommissionlCDC 2009107-06-0') CHF Grant Agreement Substitution (6495 N. Jordan) SR. doc COMMISSION MEETING AGENDA Meeting Date: 07/06/2009 Agenda Item Number: R60 ECONOMIC DEVELOPMENT AGENCY STAFF REPORT ------------------------------- -------------------------- -------------------------------- --------------------------------- -------------------------------- ------------------------- ----------------------- CALIFORNIA HOUSING FOUNDATION, INC., A NON-PROFIT 501(C)(3) ORGANIZATION- SUBSTITUTION OF THE 6495 NORTH JORDAN LANE PROPERTY PER THE 2008 LOW AND MODERATE INCOME HOUSING FUNDS LOAN AND GRANT PROPERTY ACQUISITION AGREEMENT FOR THE BENEFIT OF DEVELOPMENT ALLY DISABLED ADULTS BACKGROUND: On September 8, 2008, the Redevelopment Agency of the City of San Bernardino ("Agency") received a request for financial assistance from the California Housing Foundation, Inc. (the "Project Sponsor"). Specifically, the request called for funding support in order to acquire two properties that are presently for sale at the following addresses: 6538 North Jordan Lane and 6728 Ofelia Drive in the City of San Bernardino ("City"). Both properties are in the Verdemont Area of the 5th Ward. Once acquired, these homes would be refurbished, landscaped and equipped with furniture in order to provide permanent housing for developmentally disabled adults (the "Project"). Established in 1998, the Project Sponsor is a California non-profit, public benefit corporation with a 501(c)(3) tax exemption affiliated with the Inland Regional Center ("IRC"). Located in Redlands, the mission of the Project Sponsor is to acquire, develop and/or rehabilitate single-family homes for the benefit of those developmentally disabled adults who are presently living in substandard housing or with family members who struggle with meeting the daily needs of these individuals. The Project Sponsor currently owns and leases 14 properties in the cities of Redlands, Palm Desert, Beaumont, Hemet, Perris and Apple Valley. Based on a review of photographs and discussions with representatives of the IRC, all appear to be operating appropriately and are very well maintained. CURRENT ISSUE: On November3, 2008, the Commission approved the 2008 Low and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement ("Agreement") for the properties located at 6538 North Jordan Lane and 6728 North Ofelia Drive in the City. Since the approval of the Agreement, the Project Sponsor have closed escrow and acquired the property located at 6538 North Jordan Lane while the property located at 6728 North Ofelia Drive fell out of escrow. The Project Sponsor has since been looking for a replacement property and on May 13,2009, entered into a Purchase and Sale Agreement to acquire the property located at 6495 North Jordan Lane. The Project Sponsor is requesting Agency authorization to substitute the 6495 North Jordan Lane property with the 6728 North Ofelia Drive property per the terms of the Agreement. The property substitution does not require any additional Agency funding. An affordable housing unit with a 55-year CC & R will be created and added to the Agency affordable housing inventory to address the housing needs identified in the approved Housing Implementation Plan and the General Plan housing element. P\AgendaslComm Dev Commission\CDC 2009\07-06-09 CHF Grant Agreement Substitution (6495 N. Jordan) SR.doc COMMISSION MEETING AGENDA Meeting Date: 07106/2009 Agenda Item Nnmber: J!. ~6 Economic Development Agency Staff Report California Housing Foundation - 6495 North Jordan Lane Property Substitution Page 2 ENVIRONMENTAL IMPACT: The property substitution request is exempt under the California Environmental Quality Act ("CEQA") per Public Resource Code 21080.14. FISCAL IMPACT: An approved amount of up to $200,000 in the Agreement has been allocated for the property acquisition from the Agency's Housing Set-Aside Funds. Agency funds will be secured by a Deed of Trust and a Promissory Note and a 55-year affordability covenant will be recorded on the property. RECOMMENDATION: That the Community Development Commission adopt the attached Resolution. ~4~ Emil A. Marzullo, Interim Executive Director ____________________ ________________________n_____________________________________________________ ------------------------- ---------------------- --------------------------------------------- -- P:\Agendas\Comm Dev Commission\CDC 2009\07-06-09 CHF Grant Agreement Substitution (6495 N. Jordan) SRdoc COMMISSION MEETING AGENDA Meeting Date: 07/06/2009 Agenda Item Number: .JLlll> o c ~ '" C L Q) o:J c '" (/) - o .i':' o 1 2 3 4 5 6 7 8 9 public RESOLUTION NO. (Cory RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING THE SUBSTITUTION OF THE 6495 NORTH JORDAN LANE PROPERTY IN PLACE OF THE 6728 NORTH OFELIA DRIVE PROPERTY PER THE TERMS OF THE APPROVED 2008 LOW AND MODERATE INCOME HOUSING FUNDS LOAN AND GRANT PROPERTY ACQUISITION AGREEMENT BY AND BETWEEN THE AGENCY AND CALIFORNIA HOUSING FOUNDATION, INC., FOR THE BENEFIT OF DEVELOPMENT ALLY DISABLED ADULTS WHEREAS, the Redevelopment Agency of the City of San Bernardino (the "Agency") is a body, corporate and politic, organized and existing under the California Community 10 Redevelopment Law (the "CRL"), as found at Health and Safety Code section 33000, et seq.; and il 12 "Commission") is the governing board of the Agency; and WHEREAS, the Community Development Commission of the City of San Bernardino (the 13 WHEREAS, California Housing Foundation, Inc. (the "Grantee"), was formed in 1998 and 14 incorporated within the State of California as a non-profit organization with the mission of acquiring 15 and leasing residential properties to licensed operators of facilities that house and care for 17 16 developmentally disabled adults; and WHEREAS, on October 3, 2008, the Commission considered and approved the 2008 Low 18 and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement 19 ("Agreement") by and between the Agency and the Grantee for the benefit of developmentally 21 20 disabled adults; and WHEREAS, the Grantee has acquired the property located at 6538 North Jordan Lane and 22 was unable to close escrow on the 6728 North Ofelia Drive property, as per the terms of the 23 Agreement; and 24 WHEREAS, the Grantee has identified a substitution with a property located at 6495 North 25 Jordan Lane to replace the 6728 North Ofelia Drive property in the City of San Bernardino, as per 26 the terms of the Agreement; and 27 28 I P \Agendas'Resolutions\Resolutiofli\200Q\'07_06-09 CHF Grant Agreement Substitution (6495 N Jordan Lanel doc 1 WHEREAS, the Agency is consenting to the substitution of the property located at 6495 2 North Jordan Lane to replace the 6728 North Ofelia Drive property in the City of San Bernardino, 3 as per the terms of the Agreement; and 4 WHEREAS, the property substitution request is exempt under the California Environmental 5 Quality Act ("CEQA") per Public Resource Code 21080.14. 6 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE 7 CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, AS 8 FOLLOWS: 9 Section 1. The Commission hereby approves the substitution of the 6495 North Jordan 10 Lane property in place of the 6728 North Ofelia Drive property, as per the terms of the approved 11 2008 Low and Moderate Income Housing Funds Loan and Grant Property Acquisition Agreement 12 by and between the Agency and California Housing Foundation, Inc., for the benefit of 13 developmentally disabled adults. This Resolution shall take effect from and after its date of adoption by this 14 Section 2. 15 Commission. 16 /II 17 /II 18 /II 19 /II 20 /II 21 /II 22 /II 23 /II 24 /II 25 /II 26 /II 27 /II 28 1/1 2 P:\Agendas\Resolutions\Resolutions'2009\07_06_09 CHF GTa/lI Agreement Substitution (6495 N. Jordan Lane) doc 1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING THE SUBSTITUTION OF THE 6495 NORTH JORDAN LANE PROPERTY IN PLACE OF THE 6728 NORTH OFELIA DRIVE PROPERTY PER THE TERMS OF THE APPROVED 2008 LOW AND MODERATE INCOME HOUSING FUNDS LOAN AND GRANT PROPERTY ACQUISITION AGREEMENT BY AND BETWEEN THE AGENCY AND CALIFORNIA HOUSING FOUNDATION, INC., FOR THE BENEFIT OF DEVELOPMENT ALLY DISABLED ADULTS 2 3 4 5 6 7 8 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community 9 Development Commission of the City of San Bernardino at a ,2009, by the following vote to wit: meeting Navs Abstain Absent 20 Secretary 21 The foregoing Resolution is hereby approved this day of ,2009. 22 23 24 25 Patrick J. Morris, Chairperson Community Development Commission of the City of San Bernardino Approved as to Form: 26 27 28 \/>>~f}I Agenc' u I By: 3 P'Agendas'Resolutions'Resolutions\2009\07-06-09 CHF Grant Agreemenl Substitution (6495 K Jordan Lane) doc