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RES-2009-087RESOLUTION NO. 2009 -087 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING A COOPERATION AGREEMENT BY AND BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND THE ANAHEIM HOUSING AUTHORITY AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH WHEREAS, the Anaheim Redevelopment Agency (the "Redevelopment Agency is engaged in implementation of the Redevelopment Plan for the Anaheim Merged Redevelopment Project (the "Redevelopment Plan and WHEREAS, pursuant to the California Community Redevelopment Law (the "CRL the Redevelopment_ Agency is required to expend a certain portion of the taxes which are allocated to it pursuant to Section 33670 for the purposes of increasing, improving, and preserving the community's supply of low- and moderate income housing available at affordable housing costs (the "Housing Set -Aside Funds and WHEREAS, the Redevelopment Agency and the Housing Authority desire to assist with the redevelopment of those certain three (3) parcels of real property consisting of approximately two and seventy six hundredths (2.76) acres and generally located at 2121 Manchester Avenue in the City of Anaheim (the "Site and WHEREAS, the Housing Authority is endeavoring to redevelop the Site as a multi family affordable housing project; to this end, the Housing Authority intends to enter into that certain Affordable Housing Agreement of even date herewith with Manchester Park and Orangewood Vista (jointly, the "Developers with respect to development of an affordable housing project the `Housing Project on the Site (the "Affordable Housing Agreement and WHEREAS, the Housing Authority owns two (2) of the parcels which comprise the Site (the "Housing Authority Parcels while the Redevelopment Agency owns the remaining parcel the "Redevelopment Agency Parcel"): and WHEREAS, the Redevelopment Agency utilized Housing Set -Aside Funds to acquire and prepare the Redevelopment Agency Parcel for subsequent transfer to Housing Authority for the development of the Housing Project; and WHEREAS, in order to implement the Redevelopment Plan, the Redevelopment Agency desires to enter into that certain Cooperation Agreement (Transfer of Manchester Affordable Housing Site Agency -owned Parcel) dated as of May 1, 2009 (the "Cooperation Agreement with the Housing Authority pursuant to which (i) the Redevelopment Agency would transfer the Redevelopment Agency Parcel to the Housing Authority, and (ii) the Housing Authority would use the Redevelopment Agency Parcel and the Housing Authority Parcels in order to implement the Affordable Housing Agreement and provide for the Housing Project; and 1 WHEREAS, pursuant to Section 33433 of the CRL, the Redevelopment Agency is authorized, with the approval of the City Council of the City of Anaheim (the "City after conducting a public hearing, to sell or lease the Redevelopment Agency Parcel for development pursuant to the Redevelopment Plan upon a determination by the City Council that the consideration for such sale or lease is not less than fair reuse value at the use and with the covenants and conditions and development costs authorized by the sale or lease; and WHEREAS, in connection with the Cooperation Agreement, Redevelopment Agency staff has had prepared, and the Redevelopment Agency has reviewed and considered, a "33433 Summary Report setting forth: (i the cost of the Cooperation Agreement to the Redevelopment Agency. (ii) the estimated value of the interests to be transferred to the Housing Authority, determined at the highest and best uses permitted under the Redevelopment Plan. (iii) the estimated v alue of the interests to be transferred, determined at the uses and with the conditions, covenants and development costs required by the transfer, and (iv) the purchase price for the Housing Authority's acquisition of the Redevelopment Agency Parcel; and WHEREAS, the 33433 Summary Report concludes the consideration for Redevelopment Agency's disposition of the Redevelopment Agency Parcel to Authority in order to implement the Affordable Housing Agreement and provide for the Housing Project is not less than the fair reuse value at the use and with the covenants and conditions and development costs under the Cooperation Agreement and the Affordable Housing Agreement; and WHEREAS, the Housing Project will assist with the removal of blight and is consistent with the implementation plan adopted by the Redevelopment Agency for the Redevelopment Plan pursuant to Section 33490 of the CRL the "Implementation Plan and WHEREAS, pursuant to the California Environmental Quality Act (Public Resources Code Section 21000 rr seq.) and the CEQA Implementing Guidelines (14 California Code of Regulations Section 1 5000 et seq.) the "Guidelines the City of Anaheim (the "City`') adopted and certified Anaheim General Plan and Zoning Codc Update Environmental Impact Report No. 330 (the "General Plan Update EIR in connection with the City's General Plan update in 2004 as updated, the "General Plan and WHEREAS, the General Plan Update EIR is a Program EIR under CEQA and the Guidelines. addressing the environmental impacts from the City's ultimate build -out, considering maximum densities and the effects thereof, and establishing a mitigation monitoring program which requires, among other things, subsequent focused studies and the implementation of mitigation measures where required; and WHEREAS, the Redevelopment Agency has reviewed and determined that the Housing Project falls within the scope of the activities addressed in the General Plan Update EIR and thc General Plan Update EIR adequately describes the Housing Project for purposes of CEQA because (i) the General Plan Update EIR is a Program EIR, (ii) the Housing Project is consistent with the General Plan, (iii) the Housing Project presents no new environmental effects which could occur that were not examined in the General Plan Update EIR, and (iv) there is no new information to suggest that new mitigation measures would be required of the Housing Project; and WHEREAS, pursuant to the CRL, the Redevelopment Agency Governing Board and the City Council of the City have conducted a duly noticed joint public hearing on the Cooperation Agreement. at which public hearing all persons were given an opportunity to be heard; and WHEREAS, the City Council of the City has duly considered all of the terms and conditions of the Cooperation Agreement and believes that the Housing Project is in the best interests of the ity of Anaheim and thc health. safety. morals and welfare of its residents. and is in accord with the public purposes and provisions of applicable state and local law and requirements. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Section 33433 Findings. The City Council hereby finds and determines that, based on substantial evidence in the record before it: (i) the consideration for the Redevelopment Agency's disposition of the Redevelopment Agency Parcel pursuant to the Cooperation Agreement for subsequent development of the Housing Project under the Affordable Housing `agreement is not less than the fair reuse value at the use and with the ._ovenants and conditions and development costs under the Cooperation \greemcnt and the Affordable Housing Agreement, and ii) thc development of the Housing Project will assist in the elimination of blight and is consistent with the Implementation Plan adopted by the Redevelopment \gcncv for the Redevelopment Plan. Section 2. Approval of Cooperation Agreement. The Cooperation Agreement, a copy of which is on file with the City Clerk, is hereby approved. 3 THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS TWENTY -SIXTH (26TH) DAY OF MAY, 2009, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring NOES: ABSTAIN: NONE ABSENT: NONE 7''981.1 NONE 4 6/14 MAYOR