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HomeMy WebLinkAbout11- Economic Development Agency DEVELOPMENT DEPARTMENT OF THE CITY OF SAN BERNARDINO REQUEST FOR COMMISSION/COUNCIL ACTION FROM: KENNETH J.HENDERSON SUBJECT: ALLOCATION OF LOW-AND Executive Director MODERATE-INCOME HOUSING FUNDS WITH THE INLAND DATE: May 11,1994 VALLEY DEVELOPMENT AGENCY Sy.nonsis of Previous Commission/CounciUCommittee Action(s): ----------------------- ------------------------------- Recommended Motion(s): (Community Development Commission) MOTION: RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AN AGREEMENT REGARDING THE ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS WITH THE INLAND VALLEY DEVELOPMENT AGENCY Administrator KENNIATH J. ERSON Executive Director Contact Person(s): Kenneth J.Henderson Phone: 5081 Project Area(s): Ward(s): Supporting Data Attached: Staff Report•Resolution FUNDING REQUIRENIENTS: Amount: $0.000.000 Source: Budget Authority: --------—------------------------------------------_-----—----—---—-------"--°_—'---------------"—' Commission/Council Notes: -------------—_------- _ _____—_____--------------------------------------------- KJH:1ag:05-0I-0I.cdc COMMISSION MEETING AGENDA MEETING DATE: 051161/1994 Agenda Item Number: DEVELOPMENT DEPARTMENT STAFF REPORT ------------------------------------------------------------------------------------------------------------------ Allocation of Low- and Moderate-Income Housing Funds The Redevelopment Agency of the City of San Bernardino (the "Agency'), is a redevelopment agency, a public body, corporate and politic of the State of California, organized and existing pursuant to the Community Redevelopment Law(Part 1 of Division 24) commencing with Section 33000 of the Health and Safety Code of the State of California. The Inland Valley Development Agency("IVDA")is a joint powers authority created pursuant to Government Code Section 6500, g�I M and Health and Safety Code Section 33320.5, for the purposes of acquiring and reusing certain Norton Air Force Base properties if and when available for acquisition. Section 4.04 of the Amended Joint Exercise of Powers Agreement authorizes the County of San Bernardino ("County") and the Cities of San Bernardino("San Bernardino"),Loma Linda("Loma Linda"), and Colton ("Colton") (collectively "Members")to submit a priority list of housing related projects that comply with Health and Safety Code Section 33334.2, el ggq,for the use of tax increment revenues in furtherance of increasing, improving or preserving the supply of low- and moderate-income housing either inside or outside the Project Area of the IVDA, but in any event within the territorial jurisdiction of the IVDA. Section 2 of the IVDA's Policy Statement('Policy')Regarding The Allocation of Funds On Deposit In Its Low- and Moderate-Income Housing Fund ('Fund")provides that upon receipt by the IVDA of a single project request or a prioritized list of several project requests approved by the governing body of a Member, the IVDA shall take such action as is necessary to approve the appropriation and expenditure of that portion of the funds on deposit or to be deposited to the Fund attributable to each Member. The Agreement Regarding The Allocation Of Low- and Moderate-Income Housing Funds ("Agreement")which is the subject of this Resolution simplifies the process concerning the allocation of sums on deposit in the Fund which are attributable to the Agency. The Agency shall act as the agent for the IVDA for the administration of the IVDA's Low- and Moderate-Income Housing Program. Upon execution of the Agreement, sums on deposit attributable to the Agency shall be immediately paid by the IVDA to the Agency. Thereafter,the first payment of such funds for each fiscal year shall be made on or about February I of the fiscal year, and the second payment shall be made on or about the following August I for moneys distributable to the Fund for the immediately preceding fiscal year. —_-- -- -- — — — — — ------------------------------------------------------ KJH:lag:05-01-01.cdc COMMISSION MEETING AGENDA MEETING DATE: 05116HI994 Agenda Item Number: L DEVELOPMENT DEPART MEW STAFF REPORT Allocation of Low- and Moderate-Income Housing Funds April 18, 1994 Page Number-2- The Agency shall use and apply the sums in accordance with the California Community Redevelopment Law, prepare and submit all necessary written reports to the IVDA to enable the IVDA to comply with the reporting requirements imposed on it by the State, and indemnify and hold the IVDA harmless from and against any and all liability arising from the performance or non-performance of the Agency's obligations under the Agreement, including without limitation, the Agency's non-use or misuse of the Funds. The actual sums on deposit in the Fund attributable to each Member through June 30, 1993 are: County of San Bernardino $104,198.00 City of San Bernardino $565,471.00 City of Loma Linda $44,325.00 City of Colton $23,164.00 The actual sums on deposit in the Fund attributable to each Member for the 1993-1994 Fiscal Year are: County of San Bernardino $43,811.00 City of San Bernardino $281,226.00 City of Loma Linda $16,854.00 City of Colton $13,610.00 On April 5, 1994, the County approved the Agreement with the IVDA. On April 13, 1994, the IVDA approved the Agreement with the County, the form of the Agreement with San Bernardino, Loma Linda and Colton, and rescinded the Policy together with any other formal or informal policies of the IVDA in connection with the subject matter of the Agreement, and any and all modifications, amendments or clarifications to the Policy as previously approved by the IVDA. Counsel for San Bernardino, Loma Linda and Colton have provided their comments to the basic format of their respective Agreements. ^ ^ KJH:1ag:05-01-01.cdc COMMISSION MEETING AGENDA MEETING DATE: 05/16/11994 Agenda Item Number: �� DEVELOPMENT DEPARIrv1ENT STAFF REPORT O Allocation of Low- and Moderate-Income Housing Funds April 18, 1994 Page Number-3- It is, therefore, it is appropriate to adopt this Resolution approving the Agreement with the IVDA and the Agency can accomplish the payment of sums on deposit in the Fund and pledge future deposits generated by the tax increment revenues produced by the territorial jurisdiction of the Agency within the Project Area. It is recommended that the Commission adopt the Resolution Approving the Agreement on behalf of the Agency and authorize the Executive Director to execute the Agreement with any such changes as may be approved by the Executive Director and Counsel to the Agency. W' 4m KENNETH J. IfENDERSON, Executive Director Development Department ------- -------------------------------------- -- - -- KJH:lag:05-01-01.cdc COMMISSION MEETING AGENDA MEETING DATE: 051161/1994 Agenda Item Number: 1 COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, CALIFORNIA 2 3 4 AGENDA 5 May 2 , 1994 6 Item: RESOLUTION OF THE COMMUNITY DEVELOPMENT 7 COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AN AGREEMENT REGARDING THE 8 ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS WITH THE INLAND VALLEY 9 DEVELOPMENT AGENCY 10 EXHIBIT "All - Agreement Regarding The Allocation of 11 Low- and Moderate-Income Housing Funds 12 Action to 13 be Taken: Adopt Resolution. 14 15 Certified copy of Resolution to be returned to Sabo & Green, a Professional Corporation. 16 17 18 19 20 21 22 Csm\0006U rorl 23 4\141 11:20 24 25 26 27 28 0 1 RESOLUTION NO. 2 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AN AGREEMENT 3 REGARDING THE ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS WITH THE INLAND VALLEY DEVELOPMENT AGENCY 4 5 WHEREAS, the Redevelopment Agency of the City of 6 San Bernardino (the "Agency") , is a redevelopment agency, a 7 public body, corporate and politic of the state of California, 8 organized and existing pursuant to the Community Redevelopment 9 Law (Part 1 of Division 24) commencing with Section 33000 of the 10 Health and Safety Code of the State of California; and 11 12 WHEREAS, the Inland Valley Development Agency ("IVDA") 13 was established by the legislative bodies of the County of 14 San Bernardino ("County") , the City of San Bernardino, a charter 15 city, the City of Loma Linda, a charter city, and the City of 16 Colton, a general law city ("Members") ; and 17 1s WHEREAS, on January 24, 1990, a certain Joint Exercise 19 of Powers Agreement became effective in which is set forth the 20 purposes and powers of the IVDA in connection with the adoption 21 of a redevelopment plan and the acquisition and operation of the 22 Norton Air Force Base property if and when acquired; and 23 24 WHEREAS, on February 12, 1990 and February 13, 1990, 25 the Members approved and authorized the execution of a certain 26 ended Joint Exercise of Powers Agreement ("Amended Agreement") 27 28 1 which amended and superseded the Joint Exercise of Powers 2 Agreement; and 3 4 WHEREAS, pursuant to Section 4 .04 of the Amended 5 Agreement, the Members may submit a priority list of housing 6 related projects that comply with the requirements of Health and 7 Safety Code Section 33334.2, et sea. , for the use of tax 8 increment revenues in furtherance of increasing, improving or 9 preserving the supply of low- 'and moderate-income housing either 10 inside or outside the Project Area of the IVDA, but in any event 11 within the territorial jurisdiction of the IVDA; and 12 13 WHEREAS, pursuant to Section 2 of the IVDA's Policy 14 Statement Regarding The Allocation Of Funds on Deposit in its 15 Low- and Moderate-Income Housing Fund ("Fund") , upon receipt by 16 the IVDA of a single project request or a prioritized list of 17 several project requests approved by the governing body of a 18 Member, the IVDA shall take such action as is necessary to 19 approve the appropriation and expenditure of that portion of the 20 funds on deposit or to be deposited to the Fund attributable to 21 each Member; and 22 23 WHEREAS, on April 5, 1994, the County approved an 24 Agreement Regarding The Allocation Of Low- and Moderate-Income 25 Housing Funds with the IVDA ("Agreement") , and on April 13 , 1994, 26 the IVDA approved the Agreement with the County, and the form of 27 the Agreement with the Redevelopment Agencies of the Cities of 2$ San Bernardino, Loma Linda and Colton, in order to accomplish the - 2 - // I payment of sums on deposit in the Fund and to pledge future 2 deposits generated by the tax increment revenues produced by the 3 territorial jurisdiction of each Member within the Project Area; 4 and 5 6 WHEREAS, the Agency deems it appropriate to approve the 7 Agreement with the IVDA, a copy of which is attached hereto as 8 Exhibit "A", and is incorporated herein by this reference. 10 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION 11 ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF 12 SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS 13 FOLLOWS: 14 15 Section 1. The Agency hereby approves the 16 Agreement, a copy of which is attached hereto as Exhibit "A" and 17 is incorporated herein by this reference. 18 19 Section 2. The Executive Director of the Agency is 20 hereby authorized and directed to execute the Agreement on behalf 21 of the Agency with any such changes as may be approved by the 22 Executive Director and Counsel for the Agency. 23 24 25 26 27 !/! 28 1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AN AGREEMENT REGARDING THE ALLOCATION OF 2 LOW- AND MODERATE-INCOME HOUSING FUNDS WITH THE INLAND VALLEY 3 DEVELOPMENT AGENCY Section 3. This Resolution shall become effective 4 immediately upon its adoption. 5 I HEREBY CERTIFY that the foregoing Resolution was duly 6 7 adopted by the Community Development Commission of the City of San Bernardino at a meeting 8 thereof, held on the day of 9 1994, by the following vote, to wit: 10 11 Commission Members: AYES NAYS ABSTAIN ABSENT 12 NEGRETE _ CURLIN _ 13 HERNANDEZ _ OBERHELMAN _ 14 DEVLIN _ POPE-LUDLAM _ 15 MILLER 16 Secretary 17 The foregoing resolution is hereby approved this 18 day of , 1994 . 19 Tom Minor, Chairman 20 Community Development Commission of the 21 City of San Bernardino Approved as to 22 form and legal content: 23 By: Agency Counsel 24 oss010oD6nX)C=7 25 26 27 28 4 _ // 0 1 STATE OF CALIFORNIA ) 2 COUNTY OF SAN BERNARDINO ) ss CITY OF SAN BERNARDINO ) 3 I, Secretary of the Community Development Commis on of the C— i y of San Bernardino, DO HEREBY 4 CERTIFY that the foregoing and attached copy of Community Development Commission of the City of San Bernardino Resolution 5 No. is a full, true and correct copy of that now on file inks office. 6 IN WITNESS WHEREOF, I have hereunto set my hand and 7 affixed the official seal of the Community Development Commission of the City of San Bernardino this day of 8 , 1994. 9 10 Secretary of the Community Development Commission 11 of the City of San Bernardino 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 �r� 28 l( I EXHIBIT "A" 2 AGREEMENT REGARDING THE ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 21 p O AGREEMENT REGARDING THE ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS THIS AGREEMENT REGARDING THE ALLOCATION OF LOW- AND MODERATE-INCOME HOUSING FUNDS (the "Agreement") is made this _ day of , 1994, by and between the Inland Valley Development Agency, a joint powers authority duly organized and established under California law (the "IVDA") and the Redevelopment Agency of the City of San Bernardino, a redevelopment agency duly organized and operating pursuant to the provisions of the California Community Redevelopment Law (the "Agency"). RECITALS WHEREAS, the IVDA was established by the legislative bodies of the County of San Bernardino, the City of San Bernardino, a charter city, the City of Loma Linda, a charter city, and the City of Colton, a general law city ("Members"); and WHEREAS, on January 24, 1990, a certain Joint Exercise of Powers Agreement became effective in which is set forth the purposes and powers of the IVDA in connection with the adoption of a redevelopment plan and the acquisition and operation of the Norton Air Force Base property if and when acquired; and WHEREAS, on February 12, 1990 and February 13, 1990, the Members approved and authorized the execution of a certain Amended Joint Exercise of Powers Agreement ("Amended Agreement") which amended and superseded the Joint Exercise of Powers Agreement; and WHEREAS, pursuant to Section 4.04 of the Amended Agreement, Members that have activated a redevelopment agency and have adopted one or more redevelopment project areas may submit a priority list of housing related projects that comply with the requirements of Health and Safety Code Section 33334.2, et seq., for the use of tax increment revenues in furtherance of increasing, improving or preserving the supply of low- and moderate-income housing either inside or outside the Project Area of the IVDA but in any event within the territorial jurisdiction of the IVDA; and WHEREAS, pursuant to Section 2 of the IVDA's Policy Statement Regarding The Allocation Of Funds On Deposit in its Low- and Moderate-Income Housing Fund ("Fund"), upon receipt by the IVDA of a single project request or a prioritized list of several project requests approved by the City Council of a Member, the IVDA shall take such action as is necessary to approve the appropriation and expenditure of that portion of the funds on deposit or to be deposited to the Fund attributable to each Member; and 2 WHEREAS, the IVDA and the Agency now desire to enter into this Agreement in order to accomplish the payment of sums on deposit in the Fund and to pledge future deposits generated by the tax increment revenues produced by the territorial jurisdiction of the Agency within the Project Area. NOW, THEREFORE, the IVDA and the Agency hereby agree as follows: AGREEMENT 1 . The IVDA shall maintain records indicating all deposits into the Fund which were generated by the territorial jurisdiction of the Agency within the Project Area. Deposits to the Fund shall remain therein and credited to the Agency, i together with interest earnings thereon, until such time as the IVDA remits moneys on deposit to the Agency pursuant to Section 2 during each fiscal year. 2. Upon execution of this Agreement, sums on deposit in the Fund attributable to the Agency shall be immediately paid by the IVDA to the Agency. Thereafter, the first payment of such funds for each fiscal year shall be made on or about February 1 of the fiscal year, and the second payment shall be made on or about the following August 1 for moneys distributable to the Fund for the immediately preceding fiscal year. -3- 0 3. In the event the Agency refuses to accept the sums on deposit in the Fund which are attributable to the Agency, the IVDA shall be entitled to encumber, transfer or expend such amounts for any project permitted under Health and Safety Code Section 33334.2, gt M. or for any other legal purpose within the territorial jurisdiction of the IVDA, prior to the time such amounts become excess surplus. 4. In the event the Agency agrees to accept the sums on deposifln the Fund which are attributable to the Agency, such sums shall be used and applied bythe Agency within its community and in accordance with the California Community Redevelopment Law. The Agency and its legislative body shall make all necessary findings in order to ensure that the IVDA's Low- and Moderate-Income Housing Funds are used in such a manner. 5. Except for the initial payment by the IVDA to the Agency of sums on deposit in the Fund, the Agency shall submit a written report to the IVDA regarding the Agency's use of sums received from the IVDA prior to the date of the immediately succeeding payment. The Agency shall also timely prepare and submit all necessary written reports to the IVDA so as to enable the IVDA to comply with the reporting requirements Imposed on it by the State of California concerning the use of Low- and Moderate-Income Housing Funds. O -4- 6. The IVDA hereby acknowledges,but makes no representation that, subject to all necessary legal requirements, the Agency may use its annual share of sums on deposit in the Fund for the payment of any of the Agency's indebtedness, including without limitation, debt service on Agency bonds. Upon the Agency's request, the IVDA may, solely in its discretion, issue its own obligations which are payable from the Agency's annual share of sums on deposit in the Fund. 7. Inconsideration for the simplified process concerning the allocation of sums on deposit in the Fund which are attributable to the Agency, the Agency shall act as the agent for the IVDA for the administration of the IVDA's Low- and Moderate-Income Housing Program and shall indemnify and hold the IVDA, its officers, directors, employees, representatives and successors in interest free and harmless from and against any and all claims, known and unknown obligations, liabilities, demands, damages, expenses, costs, attorneys' fees and causes of action of any kind whatsoever, arising from the performance or non-performance of the Agency's obligations under the terms of this Agreement, including but not limited to the Agency's non-use or misuse of the IVDA's Low- and Moderate-Income Housing Funds. 8. in the event of a breach of this Agreement, the non-breaching party's exclusive remedy shall be an action for monetary damages or specific performance, and may not terminate this Agreement. IN WITNESS WHEREOF, the IVDA and the Agency have executed this Agreement on the date first above written. INLAND VALLEY DEVELOPMENT AGENCY By Co-Chairman By Co-Chairman Secretary APPROVED AS TO FORM AND LEGAL CONTENT: By: Agency Counsel REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO By Executive Director Secretary APPROVED AS TO FORM AND LEGAL CONTENT: By: Agency Counsel CSBO/00001DOC/220 4114194 10:00 -6- /I