ARA-2010-003RESOLUTION NO. ARA -2010 -003
RESOLUTION OF THE GOVERNING BOARD OF THE ANAHEIM
REDEVELOPMENT AGENCY (I) APPROVING A COOPERATION
AGREEMENT (TRANSFER OF 700 E. SOUTH STREET AFFORDABLE
HOUSING SITE) BY AND BETWEEN THE ANAHEIM REDEVELOPMENT
AGENCY AND THE ANAHEIM HOUSING AUTHORITY, (II) APPROVING AN
AFFORDABLE HOUSING AGREEMENT (700 E. SOUTH STREET PROJECT) BY
AND AMONG THE ANAHEIM HOUSING AUTHORITY, ANAHEIM
REDEVELOPMENT AGENCY AND SOUTH STREET ANAHEIM HOUSING
PARTNERS, L.P., AND (III) 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 that certain parcel of real property (i) consisting of approximately
three and two- hundredths (3.02) acres, (ii) generally located at 700 E. South Street in the City
of Anaheim (the "Site "); and
WHEREAS, the Redevelopment Agency and the Housing Authority are endeavoring
to redevelop the Site as a multi - family affordable housing project; to this end, the
Redevelopment Agency and Housing Authority intend to enter into that certain Affordable
Housing Agreement (700 E. South Street Project) dated as of June 1, 2010 with South Street
Anaheim Housing Partners, L.P. (the "Developer") with respect to development of an
affordable housing project (the "Housing Project ") on the Site (the "Affordable Housing
Agreement"); and
WHEREAS, the Redevelopment Agency owns Site; and
WHEREAS, the Redevelopment Agency utilized Housing Set -Aside Funds to acquire
and prepare the Site for subsequent transfer to Housing Authority for the development of the
Housing Project; and
WHEREAS, in order to implement the Redevelopment Plan and the Affordable
Housing Agreement, the Redevelopment Agency desires to enter into that certain Cooperation
Agreement (Transfer of 700 E. South Street Affordable Housing Site) dated as of June 1,
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 City of Anaheim and the 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 GOVERNING BOARD OF THE ANAHEIM
REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. Environmental Assessment. The Redevelopment Agency hereby certifies that
it has reviewed the Housing Project and finds that the Housing Project falls within the scope
of those affordable housing projects exempt from the requirement to prepare additional
environmental documentation under CEQA pursuant to Section 21159.23 of the California
Public Resources Code.
Section 2. Section 33433 Findings. The Redevelopment Agency 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 Site
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 covenants and conditions and
development costs under the Cooperation Agreement and the Affordable
Housing Agreement, and
(ii) the development of the Housing Project will assist in the elimination of blight
and is consistent with the Implementation Plan adopted by the Redevelopment
Agency for the Redevelopment Plan.
Section 3. Approval of Cooperation Agreement. The Cooperation Agreement, a copy of
which is on file with the City Clerk, is hereby approved.
Section 4. Approval of Affordable Housing Agreement. The Affordable Housing
Agreement, substantially in the form of the copy on file with the City Clerk, is hereby
approved.
Section 5. Authorization to Execute and Administer the Agreements. The Executive
Director of the Redevelopment Agency, or the Executive Director's designee, is hereby
authorized to execute and administer the Cooperation Agreement and the Affordable Housing
Agreement on behalf of the Redevelopment Agency.
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THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY
THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY THIS
TWENTY - SECOND (22 DAY OF JUNE, 2010, BY THE FOLLOWING ROLL CALL
VOTE:
AYES: Chairman Pringle, Agency Members Sidhu, Hernandez, Galloway
NOES: NONE
ABSTAIN: NONE
ABSENT: Agency Member Kring
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TO FORM:
, CITY ATTORNEY
E. WOODHEAD IV
nt City Attorney
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