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HomeMy WebLinkAbout2011 CC RESO 2011-43 CDCRESOLUTION 2011 — 43 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY APPROVING A COOPERATION AGREEMENT FOR THE WESTSIDE INFILL TRANSIT ORIENTED DEVELOPMENT ("WI-TOD") BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AND THE CITY OF NATIONAL CITY, AND MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATED THERETO WHEREAS, the City Council adopted the Redevelopment Plan for the National City Redevelopment Project on July 17, 2007, by Ordinance No. 2007-2295 (the "Redevelopment Plan"), which results in the allocation of a portion of the property taxes generated from the National City Redevelopment Project (the "Project Area") to the Community Development Commission of the City of National City ("CDC") for purposes of redevelopment; and WHEREAS, the intent of the Redevelopment Plan is, in part, to increase, improve and preserve the community's supply of low and moderate income housing, and to expend tax increment to accomplish these goals and objectives; and WHEREAS, the CDC has adopted its Five -Year Implementation Plan for the Project Area, as amended from time to time (collectively, the "Implementation Plan") with established goals to support affordable housing, economic development, community revitalization, commercial revitalization, and institutional revitalization. To implement the programs and activities associated with each goal, the CDC has made redevelopment fund commitments and budget allocations based on estimated available tax increment revenue and debt financing structures; and WHEREAS, Sections 33334.2 and 33334.3 of California's Community Redevelopment Law [Health and Safety Code Sections 33000, et seq.] (the "CRL") require the CDC to use 20 percent (20%) of taxes allocated to the CDC pursuant to Section 33670 of the CRL for the purpose of increasing, improving, and preserving the community's supply of low and moderate income housing; and WHEREAS, the CDC and the City of National City (the "City") wish to cooperate with one another to carry out the CDC's low and moderate income housing activities in accordance with the Redevelopment Plan and the Implementation Plan; and WHEREAS, pursuant to Sections 33220 and 33206 of the CRL, the City may aid the CDC and cooperate in the planning, undertaking, construction, or operation of low and moderate income housing in the community; and WHEREAS, the CDC and the City have prepared a Cooperation Agreement (the "Agreement") to provide for implementation of certain low and moderate income housing programs and projects set forth in the Schedule of Projects attached thereto as Exhibit 1 (the "Projects"), and to make payments by the CDC to the City in accordance with the Payment Schedule attached thereto as Exhibit 2 and as otherwise necessary to reimburse the City for the cost to the City of performing its obligations thereunder in accordance with the Schedule of Performance attached thereto as Exhibit 3, subject to all of the terms and conditions of the Agreement; and Resolution No. 2011 — 43 Page 2 WHEREAS, the programs and activities associated with the Projects include, but are not limited to, acquisition and disposition of property, development of design criteria, design, planning and preparation of construction bid documents, financial analysis, financing, new construction or rehabilitation, mortgage assistance to qualifying households, subsidies to individuals and families, entering into and repayment of loans secured by the low and moderate income housing funds and ongoing monitoring of projects, asset management and administration of agreements; and WHEREAS, to carry out the Projects in accordance with the objectives and purposes of the Redevelopment Plan for the Project Area and the Implementation Plan, the CDC desires assistance and cooperation in the implementation and completion of the Projects; and WHEREAS, the City wishes to enter into the Agreement with the CDC to aid the CDC and cooperate with the CDC to expeditiously implement the Projects in accordance with the Redevelopment Plan for the Project Area and the Implementation Plan and undertake and complete all actions necessary or appropriate to ensure that the low and moderate income housing objectives of the Redevelopment Plan for the Project Area and the Implementation Plan are fulfilled within the time effectiveness of the Project Area; and WHEREAS, in considering the CDC's desire to ensure timely implementation and completion of the Projects, the CDC wishes to enter into the Agreement with the City for the pledge of net available housing funds to finance the Projects; and WHEREAS, the purpose of the Agreement is to facilitate the implementation of the Projects and to provide funding necessary to effectuate the completion of the Projects with net available housing funds in this current fiscal year and forthcoming fiscal years; and WHEREAS, net available housing funds is defined as that portion of the tax increment allocated to the CDC or any lawful successor of the CDC and/or to any of the powers and rights of the CDC pursuant to any applicable constitutional provision, statute or other provision of law now existing or adopted in the future, that is set aside by the CDC pursuant to Sections 33334.2 and 33334.3 or any other law or regulation that may be enacted in the future requiring a set aside of tax increment for the purpose of increasing, improving, and preserving the community's supply of low and moderate income housing, net of existing debt service payments and existing contractual obligations payable from such housing set aside; and WHEREAS, the pledge of net available housing funds will constitute obligations of the CDC to make payments authorized and incurred pursuant to Section 33334.2 and other applicable statutes. The obligations set forth in the Agreement will be contractual obligations that, if breached, will subject the CDC to damages and other liabilities or remedies; and WHEREAS, by approving and entering into the Agreement, the CDC will approve the pledge of net available housing funds from the Project Area and/or bond proceeds secured by a pledge of net available housing funds from the Project Area to pay for the Projects; and Resolution No. 2011 — 43 Page 3 WHEREAS, the obligations of the CDC under the Agreement shall constitute an indebtedness of the CDC for the purpose of carrying out the Redevelopment Plan for the Project Area; and WHEREAS, it is in the best interests of the City of National City and for the common benefit of residents, employees, business tenants and property owners within the Project Area and the City of National City as a whole for the Projects to be developed and constructed; and WHEREAS, the Westside Specific Plan Environmental Impact Report ("EIR") (Schedule No. 2008071092) was certified by the City Council on March 16, 2010, and is on file in the office of the City Clerk; and WHEREAS, the Agreement does not contemplate and will not result in any new programs or activities, or substantial changes to the activities analyzed in the Westside Specific Plan EIR; and WHEREAS, Public Resources Code Section 21166 ("Section 21166") provides that when an EIR has been certified for a project no subsequent or supplemental EIR shall be prepared unless the lead agency determines, on the basis of substantial evidence in light of the whole record, that one or more of the following events occur: (a) Substantial changes are proposed in the project which will require major revisions of the environmental impact report. (b) Substantial changes occur with respect to the circumstances under which the project is being undertaken which will require major revisions in the environmental impact report. (c) New information, which was not known and could not have been known at the time the environmental impact report was certified as complete, becomes available; and WHEREAS, the CDC, as the lead agency under CEQA, has not determined any of the findings required by Section 21166; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have been satisfied. NOW, THEREFORE, BE IT RESOLVED by the Community Development Commission of the City of National City, as follows: Section 1. The CDC has received and heard all oral and written objections to the proposed payments by the CDC to the City for the Projects as described in the Agreement, and to other matters pertaining to this transaction, and all such oral and written objections are hereby overruled. Section 2. The CDC hereby finds and determines that the foregoing recitals are true and correct. Resolution No. 2011 — 43 Page 4 Section 3. Based on the evidence in the record, the CDC hereby finds and determines, the use of low and moderate income housing funds for the Projects will be of benefit to the Project Area in accordance with Section 33334.2 of the CRL. Section 4. The CDC hereby consents to and authorizes the payments by the CDC to the City in accordance with the Schedule of Payments attached to the Agreement as Exhibit 2. Section 5. The Chairman is hereby authorized to execute the Agreement on behalf of the CDC, together with such non -substantive changes and amendments as may be approved by the CDC Chairman and CDC General Counsel. Section 6. The CDC Executive Director, or designee, is hereby authorized, on behalf of the City, to sign all documents necessary and appropriate to carry out and implement the Agreement, including, without limitation, any security instruments to be recorded against CDC assets to secure the CDC's obligations under the Agreement, and to administer the City's obligations, responsibilities and duties to be performed under the Agreement. Section 7. In the event the CDC desires to issue bonds, notes, or other instruments of indebtedness of the CDC to carry out redevelopment projects, then any indebtedness of the CDC to the City, including any interest accrued thereon, shall be deemed not to be a first pledge of tax increment allocations received by the CDC pursuant to Section 33670 of the CRL; and any indebtedness of the CDC to the City, including any interest accrued thereon, shall be subordinate to any pledge of tax increments to bondholders or the holders of other such instruments of indebtedness Section 8. That the information contained in the Westside Specific Plan EIR has been reviewed and considered by the CDC and it is determined that no substantial changes or new information of substantial importance within the meaning of Section 21166 would warrant any additional environmental review in connection with approval of the Agreement and the CDC's Executive Director is directed to file a Notice of Determination [NOD] with the Clerk of the Recorder's Office at the County of San Diego regarding the Agreement. ATT Section 9. Said Agreement is on file in the office of the City Clerk. Section 10. This Resolution shall take effect immediately upon its adoption. PASSED and ADOPTED this 15th day of Febru..ry, 2011. ton, Secretary n Morrison, Chairman APROVED AS TO FORM: udia G. S CDC General V unsel Passed and adopted by the Community Development Commission of the City of National City, California, on February 15, 2011, by the following vote, to -wit: Ayes: Commissioners Morrison, Natividad, Rios, Sotelo-Solis, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secretary, Co Bev�lopment Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2011-43 of the Community Development Commission of the City of National City, California, passed and adopted on February 15, 2011. Secretary, Community Development Commission By: Deputy