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AHA-2009/06/09ANAHEIM HOUSING AUTHORITY REGULAR MEETING OF JUNE 9, 2009 The Anaheim Housing Authority met in regular session in the Chambers of Anaheim City Hall located at 200 South Anaheim Boulevard. A copy of the agenda was posted on June 5, 2009 on the kiosk outside City Hall. PRESENT: Chairman Curt Pringle and Housing Authority Members: Lord Galloway, Bob Hernandez, Lucille Kring and Harry Sidhu. STAFF PRESENT: City Manager Dave Morgan, City Attorney Cristina Talley, and Authority Secretary Linda Andal. At 5:45 P.M., Chairman Pringle called the meeting to order for a joint public comment session with the City Council. ADDITIONS /DELETIONS TO THE AGENDA: None PUBLIC COMMENTS: No comments offered during oral communications related to the Housing Authority agenda. CONSENT CALENDAR: Authority Member Sidhu removed Item No. 1 from the consent calendar for further discussion. Authority Member Kring moved to approve the remainder of the consent calendar (Item No. 2), seconded by Authority Member Hernandez. Roll Call Vote: Ayes — 5: Chairman Pringle, Authority Members: Galloway, Hernandez, Kring and Sidhu. Noes — 0. Motion Carried. 2. Approve the minutes of the Housing Authority meeting of April 28, 2009 and May 26, 2009. END OF CONSENT: 1. Approve amendments to the Affordable Housing Agreement with Greenleaf LP 4949 specifically the Outside Close Date extending the term to December 31, 2010 and the Outline of Proposed Amendments to allow the redesign of the Greenleaf /Glenoaks affordable housing development. Elisa Stipkovich, Community Development Director, reported this item would revise the Greenleaf /Glenoaks affordable housing project and the developer's agreement extending the term to December 31, 2010. She explained that in 2006, a Request for Proposal (RFP) process was used and this developer was selected for an affordable housing project on this site. Originally 60 units were proposed; however the site plan was subsequently reduced and approved for 53 units. She remarked the developer tried twice to get this project financed through the State tax credit committee and was not successful. She indicated the tax credit process was a difficult, competitive process, and staff, after reviewing the project, recommended a redesign to lower the project to two stories and downsizing it to 20 units to allow the developer to compete in the State set - asides for smaller projects. She added staff was recommending this change to give the developers a chance to close on the project. She added the agreement was similar to the prior agreement, and contained a ground lease Housing Authority Minutes of June 9, 2009 Page 2 of 2 and a provision if the cost of revenues created a gap, the developer would defer 50 percent of their fee as well as a provision that the City would be willing to go up to 80 percent in loan funds. She added it also allowed the developer two tries in this smaller allotment of set -aside tax credits. Authority Member Sidhu remarked that through the initial competitive RFP process in 2006, Jamboree Corporation had been selected to develop this site out of seven or eight bids submitted. His concern was that with the downsizing as proposed, the City would be losing a number of affordable housing units and the revenues those units would have earned. He recommended rebidding the project and allowing competitors to resubmit proposals. Chairman Pringle stated he had been told by the developer that the school district would not guarantee the children within the proposed development would be given entry to the neighborhood school because of the already overcrowded conditions and that this was critical to the State awarding points to a project and ultimately tax credits. He added he would support the revisions as proposed because he believed the school district's recommendations would not change regardless of the developer as it was the density of the project, which caused the problem. Authority Member Hernandez asked staff if the City was obligated to go through the RFP process again given the rejection by the State for tax credits. Ms. Stipkovich indicated that the agreement with Jamboree discussed going through two rounds of nine percent tax credits and if unsuccessful, the City would discuss alternatives and accommodate the ability to renegotiate. Authority Member Kring remarked that she had not supported the original project because of the density issue and the impact to the surrounding neighbors. She felt this was a good alternative to the project and could support 20 units rather than the 53 and moved to approve Item No. 1, seconded by Authority Member Hernandez. Roll Call vote: Ayes — 5: Chairman Pringle and Authority Members: Galloway, Hernandez, Kring and Sidhu. Noes — 0. Motion Carried. ADJOURNMENT At 6:32 P.M., with the consent of the Housing Authority members, Chairman Pringle adjourned the June 9, 2009 meeting. r Repecully sub 'tted, Linda N. Andal, CIVIC Secretary