HomeMy WebLinkAbout2011 CC RESO 2011-135 CDCRESOLUTION NO. 2011 — 135
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY APPROVING A GRANT AGREEMENT
BY AND BETWEEN COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF NATIONAL CITY AND COMMUNITY HOUSING WORKS
PROVIDING A GRANT OF $14,957,000 TO COMMUNITY HOUSING WORKS
TO ASSIST DEVELOPMENT OF PHASE I OF AN INFILL AFFORDABLE
HOUSING PROJECT, PUBLIC FACILITIES, OPEN SPACES AND COMMUNITY
SERVICES ON 12.75 ACRES KNOWN AS THE NATIONAL CITY
PUBLIC WORKS CENTER AND FORMER ILLES FAMILY TRUST SITE
WHEREAS, as the result of a competitive request for qualifications process, on
March 3, 2009, a partnership of Related Companies of California and Community Housing
Works was selected to work exclusively with the Community Development Commission of the
City of National City ("CDC") to plan for an infill affordable housing project adjacent to Paradise
Creek between 18th and 22nd Streets; and
WHEREAS, Related Companies of California and Community Housing Works
formed a limited partnership known as Paradise Creek Partners, LP, to complete the Infill
Affordable Housing Project (the "Project") described in the Westside Specific Plan; and
WHEREAS, the CDC has approved a Disposition and Development Agreement
with the partnership now called Paradise Creek Housing Partners, LP, for the Project that
provides $14,957,000 to the Project in 2011 Tax Allocation Bonds; and
WHEREAS, the CDC holds, within its Low and Moderate -Income Housing Fund,
the sum of Fourteen Million Nine Hundred Fifty -Seven Thousand Dollars ($14,957,000) to be
used to finance development of affordable housing projects such as the Project (the "Funds");
and
WHEREAS, the Funds are proceeds of that certain "$39,660,000 Community
Development Community Development Commission of the City of National City (San Diego
County, California) (National City Redevelopment Project) 2011 Tax Allocation Bonds"; and
WHEREAS, the CDC desires to also foster the development of private nonprofit,
community -based, service organizations with the capacity to develop and/or finance affordable
housing projects in National City such as the Project; and
WHEREAS, accordingly, the CDC, on the terms and conditions set forth in the
Grant Agreement, intends to grant the sum of Fourteen Million Nine Hundred Fifty -Seven
Thousand Dollars ($14,957,000) to Community Housing Works for the dual purpose of
permitting Community Housing Works to provide part of the financing for Phase 1 of the Project,
and to build Community Housing Works capacity to participate in the development of future
affordable housing projects in the community; and
WHEREAS, Community Housing Works is a 501 (c) 3 non-profit corporation
eligible to receive a grant of tax-exempt bond funds, and has agreed to fund the project
assistance loan through a dedicated escrow account for that purpose; and
Resolution No. 2011 — 135
Page Two
WHEREAS, Community Housing Works has pledged to use repayment of the
grant funds for programs annually approved by the Executive Director including:
1. Resident and community -based clean-up efforts within the project;
2. Youth environmental education programming;
3. Jobs -corps type training;
4. To create a matching fund for project residents saving for home
ownership; and
5. To create a first time homebuyer program for project residents.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby approves a Grant Agreement by and between
the Community Development Commission of the City of National City and Community Housing
Works providing a grant of $14,957,000 to Community Housing Works to assist development of
Phase I of an infill affordable housing project, public facilities, open spaces, and community
services on 12.75 acres known as the National City Public Works Center and former Illes Family
Trust site. Said Grant Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 21st day of June, 20 .
on Morrison, Chairman
ATTES
BradrR>ton, Secretary
AP'ROVED AS TO�f RM:
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am:: G. Silv-r
Cr _ General
Passed and adopted by the Community Development Commission of the City of
National City, California, on June 21, 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
Secreta • 'mmunity Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2011-135 of the Community Development Commission of the City
of National City, Califomia, passed and adopted on June 21, 2011.
Secretary, Community Development Commission
By:
Deputy