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AHA-2005-001 RESOLUTION NO. AHA 2005 - 01 A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY APPROVING THE THIRD AMENDMENT TO AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION AG~EMENT; APPROVING AMENDMENT NO.3 TO COOPERATION AGREEMENT; APPROVING THE RELOCATION PLAN FOR THE PERIMETER AREA PROJECT; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE THE TERMS OF AND ENTER INTO ANY PHASE 3 IMPLEMENTATION AGREEMENT CONSISTENT WITH THE THIRD AMENDMENT; AUTHORIZING THE EXECUTIVE DIRECTOR TO CARRY OUT SUCH AGREEMENTS; AND MAKING CERTAIN OTHER FINDINGS IN CONNECTION THEREWITH WHEREAS, the Anaheim Housing Authority ("Authority") is a public body, corporate and .- politic and is duly organized and validly existing under the Housing Authorities Act, California Health & Safety Code Section 34240, et seq., and all successor statutes and implementing regulations thereto ("Act"); and WHEREAS, Authority is empowered to enter into agreements and to carry out affordable housing projects and programs benefiting Lower Income persons, families, and households; and WHEREAS, Authority and Anaheim Revitalization Partners, L.P., a California limited partnership ("Phase 1 Developer"), and Authority and Anaheim Revitalization II Partners, L.P., a California limited partnership ('"Phase 2 Developer") previously entered into certain agreements relating to the revitalization, acquisition, rehabilitation and community improvement of a certain neighborhood commonly referred to as the "Jeffrey/Lynne Neighborhood" or as subsequently named "Hermosa Village", for Phase 1 and Phase 2 of an affordable housing revitalization project; and _. WHEREAS, the Jeffrey/Lynne Neighborhood is bounded on the west by 9th Street, on the north by Cerritos Avenue, on the east by Walnut Avenue, and on the south by a utility easement in the City of Anaheim, and consists of approximately 31 acres of medium-density housing; and WHEREAS, there are approximately 725 dwelling units in the Jeffrey/Lynne Neighborhood, predominantly contained within various multi-family apartment buildings (such as four-plexes, six-plexes, and eight-plexes) built in the late 1950's and early 1960's; and WHEREAS, until undertaking Phase 1 and Phase 2 of the revitalization of the Jeffrey/Lynne Neighborhood, such area was (and, unless and until the Phase 3 Project is approved by this Resolution and implemented pursuant to the third Amendment described herein, Phase 3 remains) physically blighted and suffers from severe overcrowding, shortages of parking and usable open space, problems with traffic and security, substandard housing, and considerable deferred maintenance; and WHEREAS, Authority has also found a continuing and substantial need in the community for additional family apartment units to be available for the longest feasible period to persons and families of V ery Low Income and Lower Income (and Moderate-Income, as applicable) at an Affordable Housing 1 .-. .......,. Cost, as those terms are defined in the herein and in applicable sections of the California Health & Safety Code; and WHEREAS, Authority and Anaheim Revitalization m Partners, L.P., a California limited partnership ("Developer" or "Phase 3 Developer") desire to proceed with Phase 3 of the revitalization of the Jeffrey/Lynne Neighborhood; and WHEREAS, Authority and the Phase 3 Developer desire to enter into the Third Amendment to Affordable Housing and Neighborhood Revitalization Agreement ("Agreement" or "Third Amendment"); and WHEREAS, capitalized teJ!ms used in this Resolution are as defined in the Third Amendment, unless otherwise defined herein; and WHEREAS, the salient tettms and objectives of the proposed Third Amendment between Authority and Phase 3 Developer include: (1) set forth the terms, conditions, and performance obligations of the parties, (2) provide for Authority's financial participation in Phase 3 in an amount not to exceed the Authority Appropriation of Seven Million Five Hundred Thousand Dollars ($7,500,000.00), (3) cause all terms and conditions of the Revitalization Plan Agreement and all implementing Phase 1 Project Documents and Phase 2 Project Documents relating to Phase 3 of the Project, as and if applicable, to be assigned by the Phase 1 Developer and Phase 2 Developer, as applicable, to Developer and to be fully assumed by Developer, as applicable, for implementation of Phase 3 of the Plan, (4) proceed with Phase 3 of the Project in one or more sub-phases, as hereinafter more fully described and defined, and (5) authorize the Authority Executive Director to negotiate and enter into the necessary implementing agreements by, between, and/or among Authority, City, Agency, Phase 1 Developer, Phase 2 Developer, and Phase 3 Developer hereunder to carry out Phase 3 of the Plan, so long as: (a) the Phase 3 Property parcels and units to be implemented as a part of the Plan and implementation of the Third Amendment is/are denoted and included in Attachment 1 and Attachment I-A thereto, (b) such implementing agreements are consistent with and within the scope of the terms and provisions of the Third Amendment, (c) Authority's financial participation in Phase 3 shall in no event exceed the Authority Appropriation provided hereunder of $7,500,000 (without separate amendment of the Third Amendment by this Authority Board), and (d) all Phase 3 Property parcels and multi-family housing units that are the subject of such implementing documents are subject to recorded affordable housing restrictions that obligate use, operation, property management, occupancy, and occupancy standards of the Phase 3 Property only for Very Low Income or Lower Income (and/or Moderate Income, as applicable) persons and families at an Affordable Housing Cost for not less than 55 years and that such restrictions fully comply with all applicable federal, state, and local laws required and arising from the funding source(s) committed to such parcels and units within Phase 3; and WHEREAS, Authority anticipates that a maximum total number of 131 Housing Units will be included for rehabilitation and operation as long term affordable housing as a part of the Plan and in implementation of Phase 3; and WHEREAS, Authority desires that the allocation of up to all or a portion of the Authority Appropriation by Authority to Developer for all of Phase 3, or any sub-phase of Phase 3, shall be determined by the Executive Director pursuant to the discretion delegated and vested by Authority in 2 'f the Executive Director by this Resolution and as further provided in the Third Amendment and pursuant to one or more Phase 3 Implementation Agreements; and WHEREAS, Authority desires to approve Amendment No. 3 to Cooperation Agreement, substantially in the form of No.3 to the Third Amendment, and fully incorporated by this reference, to be entered into among Authority, Agency, and City; and WHEREAS, Authority desires to receive that portion of the Authority Appropriation allocated from the Agency's Housing Fund for Phase 3 of the Project pursuant to Amendment No.3 to Cooperation Agreement and make such funds available for the Phase 3 Project pursuant to the Third Amendment; and WHEREAS, Authority desires to approve the Relocation Plan for the Jeffrey-Lynne Neighborhood Perimeter Area Project dated as of February 2005; and .-. WHEREAS, the Third Amendment, Amendment No 3 to the Cooperation Agreement and the Relocation Plan are in the vital and best interest of the Authority and the City of Anaheim, and the health, safety and welfare of its residents, and is of benefit to the Agency and its Merged Project Area and is contemplated by the Agency's Implementation Plan for the Merged Project Area adopted and in place pursuant to Section 33490 of the CRL. NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF THE ANAHEIM HOUSING AUTHORITY AS FOLLOWS: Section 1. Authority finds and determines the foregoing recitals are true and correct and are a substantive part of this Resolution. Section 2. Authority hereby approves the Third Amendment to Affordable Housing and Neighborhood Revitalization Agreelment between and among Authority and the Phase 1 Developer, the Phase 2 Developer, and the Phase 3 Developer, with such changes mutually agreed upon by the - Authority Executive Director (or her duly authorized representative), the City Attorney, and Developer as are minor and in substantial conformance with the form of the Third Amendment which has been submitted herewith. The Authority Chairman and the Authority Secretary/City Clerk are hereby authorized to execute and attest the Third Amendment, including any related attachments, on behalf of Authority. In such regard, the Authority Executive Director (or her duly authorized representative) is authorized to cause the Chairman and Agency Secretary to sign the final version of the Third Amendment after completion of any such non-substantive, minor revisions. Copies of the fmal form of the Third Amendment, when duly executed and attested, shall be placed on file in the office ofthe City Clerk. Further, the Authority Executive Director (or her duly authorized representative) is authorized to implement the Third Amendment and take all further actions and execute all documents referenced therein and/or necessary and appropriate to carry out Phase 3 of the Project as provided for and within the scope of the Third Amendment. The Authority Executive Director (or her duly authorized representative) is hereby authorized to the extent necessary during the implementation of the Third Amendment to make technical or minor changes and interpretations thereto after execution, as necessary to properly implement and carry out the Third Amendment, provided any and all such changes shall not 3 - - in any manner materially affect the rights and obligations of the Authority or the maximum funding provided under the Third Amendment. Section 3. Authority hereby approves Amendment No.3 to Cooperation Agreement between and among Authority, the City of Anaheim, and the Anaheim Redevelopment Agency, with such changes mutually agreed upon by the Authority Executive Director, Agency Executive Director, City Manager, (or their duly authorized representatives), and the City Attorney, and as are minor and in substantial conformance with the oorm of Amendment No. 3 to Cooperation Agreement submitted herewith. The Authority Chairman and the Authority Secretary/City Clerk are hereby authorized to execute and attest Amendment No.3 to Cooperation Agreement on behalf of Authority. In such regard, the Authority Executive Director (or her duly authorized representative) is authorized to cause the Chairman and Agency Secretary to sign the [mal version of Amendment No.3 to Cooperation Agreement after completion of any such non-substantive, minor revisions. Copies of the final form of Amendment NO.3 to Cooperation Agreement, when duly executed and attested, shall be placed on file in the office of the City Clerk. Fl,irther, the Authority Executive Director (or her duly authorized representative) is authorized to implement Amendment No.3 to Cooperation Agreement and take all further actions and execute all documents referenced therein and/or necessary and appropriate to carry out Phase 3 of the Project as provided for and within the scope of Amendment No.3 to Cooperation Agreement. The Authority Executive Director (or her duly authorized representative) is hereby authorized to the extent necessary during the implementation of Amendment No.3 to Cooperation Agreement to make technical or minor changes and interpretations thereto after execution, as necessary to properly implement and carry out Amendment No.3 to Cooperation Agreement, provided any and all such changes shall not in any manner materially affect the rights and obligations of the Authority or the maximum funding provided thereunder. Section 4. Authority hereby approves the Relocation Plan for the Jeffrey-Lynne Neighborhood Perimeter Area Project dated as of February 2005, with such changes mutually agreed upon by the Authority Executive Director (or her duly authorized representative) and the City Attorney as are minor and in substantial conformance with the form ofthe Relocation Plan which has been submitted herewith. Further, the Authority Executive Director (or her duly authorized representative) is authorized to implement the Relocation Plan and take all further actions and execute all documents referenced therein and/or necessary and appropriate to carry out relocation related to Phase 3 of the Project as provided for and within the scope of the Relocation Plan. The Authority Executive Director (or her duly authorized representative) is hereby authorized to the extent necessary during the implementation of the Relocation Plan to make technical or minor changes and interpretations thereto, as necessary to properly implement and carry out the Relocation Plan, provided any and all such changes shall not in any manner materially affect the rights and obligations of the Authority or the maximum funding provided thereunder. Section 5. In addition to the authorization of Sections 2, 3 and 4 above, the Executive Director is hereby authorized, on behalf of the Authority, to sign all other documents necessary or appropriate to carry out and implement the Third Amendment, Amendment No.3 to Cooperation Agreement and the Relocation Plan, including causing the issuance of warrants in implementation thereto, and to administer the Authority's obligations, responsibilities and duties to be performed under the Third Amendment, Amendment No.3 to Cooperation Agreement and the Relocation Plan. Section 6. The Authority Secretary shall certify to the adoption of this Resolution. 4 THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE GOVERNING BOARD OF THE ANAHEIM HOUSING AUTHORITY THIS EIGHTH (8TH) DA Y OF MARCH, 2005 BY THE FOLLOWING ROLL CALL VOTE: AYES: Chairman Pringle. Authority Members Chavez. Sidhu, Galloway. Hernandez None NOES: ABSTAIN: None ABSENT: None .-. ATTEST: .-. ! fjjtN~ SECRET ARY /.Lu~~{ , 57318.1 5