HomeMy WebLinkAbout2011 CON Community Development Commission - Westside Infill Transit Oriented Development (WI-TOD)COOPERATION AGREEMENT
FOR PAYMENT OF COSTS ASSOCIATED WITH CERTAIN REDEVELOPMENT
COMMISSION FUNDED LOW AND MODERATE INCOME HOUSING PROJECTS
THIS COOPERATION AGREEMENT (this "Agreement") is entered into this 15th
day of February, 2011, by and between the CITY OF NATIONAL CITY, a public body,
corporate and politic (the "City") and the COMMUNITY DEVELOPMENT COMISSION OF
THE CITY OF NATIONAL CITY (the "Commission"), with reference to the following facts:
A. The City Council of the City of National City (the "City Council") adopted the
Redevelopment Plan for 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 Commission for purposes of redevelopment.
B. 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.
C. The Commission 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 Commission has made redevelopment fund
commitments and budget allocations based on estimated available tax increment revenue and
debt financing structures.
D. Sections 33334.2 and 33334.3 of California's Community Redevelopment Law
[Health & Safety Code §§33000, et seq.] (the "CRL") require the Commission to use 20 percent
of taxes allocated to the Commission pursuant to Section 33670 of the CRL and deposited in the
Commission's Low and Moderate Income Housing Fund (the "Housing Fund") for the purpose
of increasing, improving, and preserving the community's supply of low and moderate income
housing.
E. Pursuant to Sections 33220 and 33206 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) (the "CRL"), the City may
aid and cooperate in the planning, undertaking, construction, or operation of low and moderate
income housing in the community.
F. To carry out the Commission's low and moderate income housing program in
accordance with the objectives and purposes of the redevelopment Plan for the Project Area and
the Implementation Plan, the Commission desires assistance and cooperation in the
implementation and completion of the low and moderate income housing projects and programs
listed in the attached Exhibit 1, which are incorporated herein by this reference (the "Projects").
G. The activities associated with the Projects include but are not limited to
acquisition and disposition of property, development of design criteria, design, planning,
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Page 1 of 6
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.
The City agrees to aid the Commission and cooperate with the Commission 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.
H. In considering the Commission's desire to ensure timely implementation and
completion of the Projects, the Commission wishes to enter into this Agreement with the City for
the pledge of net available housing funds and/or bond proceeds secured by a pledge of net
available housing funds ("Bond Proceeds") to finance the Projects. The purpose of this
Agreement is to facilitate the implementation of the Projects and to continue to provide funding
necessary to effectuate the completion of the Projects with net available housing funds, and/or
Bond Proceeds, in this current fiscal year and forthcoming fiscal years.
I. "Net available housing funds" is defined as that portion of the tax increment
allocated to the Commission or any lawful successor of the Commission and/or to any of the
powers and rights of the Commission 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
Commission 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. The pledge of net available housing funds will constitute obligations of the
Commission to make payments authorized and incurred pursuant to Section 33334.2 and other
applicable statutes. The obligations set forth in this Agreement will be contractual obligations
that, if breached, will subject the Commission to damages and other liabilities or remedies.
J. By approving and entering into this Agreement, the Commission has approved the
pledge of net available housing funds from the Project Area to pay for the Projects.
K. The obligations of the Commission under this Agreement shall constitute an
indebtedness of the Commission for the purpose of carrying out the redevelopment Plan for the
Project Area.
NOW, THEREFORE, the parties hereto do mutually agree as follows:
I. INTRODUCTORY PROVISIONS
The recitals above are an integral part of this Agreement and set forth the intentions of
the parties and the premises on which the parties have decided to enter into this Agreement.
II. COMMISSION'S OBLIGATIONS
1. The Projects are those low and moderate income housing projects and programs
which are listed on the attached Exhibit 1. The Commission shall, within thirty (30) days of
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execution of this Agreement, convey by grant deed in form mutually agreeable to both parties
those certain real properties legally described in Exhibit 4 ("Commission Property") to City, and
agrees to pay to the City an amount equal to the cost to the City to carry out the Projects not to
exceed FORTY MILLION DOLLARS ($40,000,000), including without limitation the City's
administrative costs and all costs incurred by the City for the acquisition and disposition of
property, development of design criteria, design, planning, 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 fund account and ongoing monitoring,
asset management and administration of agreements. The City's administrative costs shall
include all reasonable amounts needed to pay for the City's overhead, payroll and benefits,
insurance, supplies, telephone, copying, fixtures, furniture, equipment, legal accounting, and
other professional fees and costs, and other reasonable customary, and lawful administrative
expense of the City during any Fiscal Year in which the City services are provided. The City's
annual administrative costs shall be in the amounts separately identified in the City's annual
budget for each Fiscal Year until termination of this Agreement.
2. The Commission's obligations under this Agreement, including without limitation
the Commission's obligation to make the payments to the City required by this Agreement, shall
constitute an indebtedness of the Commission for the purpose of carrying out the redevelopment
of the Project Area and are obligations to make payments authorized and incurred pursuant to
Section 33334.2 of the CRL and other applicable statutes. The obligations of the Commission
set forth in this Agreement are contractual obligations that, if breached, will subject the
Commission to damages and other liabilities or remedies.
3. The obligations of Commission under this Agreement shall be payable out of net
available housing funds and/or Bond Proceeds, as defined in the above recitals and/or as defined
or provided for in any applicable constitutional provision, statute or other provision of law now
existing or adopted in the future affecting tax increment allocated to the Commission and/or any
lawful successor entity of the Commission and/or any entity established by law to carry out any
of the redevelopment Plan for the Project Area and/or expend tax increment or pay indebtedness
of the Commission to be repaid with tax increment, pursuant to Section 33670 of the CRL or any
applicable constitutional provision, statute or other provision of law now existing or adopted in
the future, in amounts not less than those set forth in the Payment Schedule attached hereto as
Exhibit 2 and incorporated herein by this reference. In the event that additional funds are
required in order to make the Commission payments to the City required by this Agreement, the
Commission shall make such payments from income received by the Commission from its
projects and programs or any other additional funds available to it.
4. The indebtedness of Commission under this Agreement shall be subordinate to
the rights of the holder or holders of any existing bonds, notes or other instruments of
indebtedness (all referred to herein as "indebtedness") of the Commission incurred or issued to
finance the Project Area, including without limitation any pledge of tax increment revenues from
the Project Area to pay any portion of the principal (and otherwise comply with the obligations
and covenants) of any bond or bonds issued or sold by Commission with respect to the Project
Area.
5. Except as set forth in the following section of this Agreement, all payments due to
be made by the Commission to the City under this Agreement shall be made by the Commission
in accordance with the schedule set forth in Exhibit 2 and as otherwise necessary to reimburse
Cooperation Agreement
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the City for the cost to the City of performing its obligations hereunder. The City shall provide
the Commission with a quarterly report accompanied by evidence reasonably satisfactory to the
Commission's Executive Director that the City has progressed in the implementation of the
Project for which payment is made by the Commission commensurate with such payments and
has incurred costs or obligations to make payments equal to or greater than such amount.
III. CITY'S OBLIGATIONS
1. The City shall accept any funds offered by the Commission pursuant to this
Agreement and shall devote those funds to completion of the Projects, in accordance with the
requirements of the CRL for expenditure of Housing Funds by (i) reimbursing the City or using
such funds to make City expenditures to perform the work required to carry out and complete the
Projects; (ii) utilizing such funds to pay debt serviceon bonds or other indebtedness or
obligations that the City has or will incur for such purposes; and/or (iii) holding and expending
such funds only for the purpose of satisfying the obligations of the City hereunder.
2. It is the responsibility of City to pay its costs in connection with the Projects from
funds paid to the City by the Commission under this Agreement.
3. The City shall perform its obligations hereunder in accordance with the applicable
provisions of federal, state and local laws, including the obligation to comply with environmental
laws such as CEQA before undertaking any of the Projects, and shall timely complete the work
required for each Project in accordance with the Schedule of Performance attached hereto as
Exhibit 3 and incorporated herein by this reference.
IV. LIABILITY AND INDEMNIFICATION
In contemplation of the provisions of California Government Code section 895.2
imposing certain tort liability jointly upon public entities solely by reason of such entities being
parties to an agreement as defined by Government Code section 895, the parties hereto, as
between themselves, pursuant to the authorization contained in Government Code sections 895.4
and 895.6, shall each assume the full liability imposed upon it, or any of its officers, agents or
employees, by law for injury caused by negligent or wrongful acts or omissions occurring in the
performance of this Agreement to the same extent that such liability would be imposed in the
absence of Government Code section 895.2. To achieve the above -stated purpose, each party
indemnifies, defends and holds harmless the other party for any liability, losses, cost or expenses
that may be incurred by such other party solely by reason of Government Code section 895.2.
V. ENTIRE AGREEMENT; WAIVERS; AND AMENDMENTS
1. This Agreement shall be executed in triplicate originals, each of which is deemed
to be an original. This Agreement consists of six (6) pages and four (4) Exhibits, which
constitute the entire understanding and agreement of the parties.
2. This Agreement integrates all of the terms and conditions mentioned herein or
incidental hereto, and supersedes all negotiations or previous agreements between the parties
with respect to the subject matter of this Agreement..
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3. This Agreement is intended solely for the benefit of the City and the Commission.
Notwithstanding any reference in this Agreement to persons or entities other than the City and
the Commission, there shall be no third party beneficiaries under this Agreement.
4. All waivers of the provisions of this Agreement and all amendments to this
Agreement must be in writing and signed by the authorized representatives of the parties.
VI. SEVERABILITY
If any term, provisions, covenant or condition of this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions shall
continue in full force and effect unless the rights and obligations of the parties have been
materially altered or abridged by such invalidation, voiding or unenforceability.
VII. DEFAULT
If either party fails to perform or adequately perform an obligation required by this
Agreement within thirty (30) calendar days of receiving written notice from the non -defaulting
party, the party failing to perform shall be in default hereunder. In the event of default, the non -
defaulting party will have all the rights and remedies available to it at law or in equity to enforce
the provisions of this contract, including without limitation the right to sue for damages for
breach of contract. The rights and remedies of the non -defaulting party enumerated in this
paragraph are cumulative and shall not limit the non -defaulting party's rights under any other
provision of this Agreement, or otherwise waive or deny any right or remedy, at law or in equity,
existing as of the date of the Agreement or hereinafter enacted or established, that may be
available to the non -defaulting party against the defaulting party. All notices of defaults shall
clearly indicate a notice of default under this Agreement.
VIII. BINDING ON SUCCESSORS
This Agreement shall be binding on and shall inure to the benefit of all successors and
assigns of the parties, whether by agreement or operation of law.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth
above.
IN WITNESS WHEREOF, City and Commission have signed this Agreement as of the
dates set opposite their signatures.
THE CITY OF NATIONAL CITY
By:
RotTMorrison, Mayor
Cooperation Agreement
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Attest:
By:
COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY
By:
Ron Morrison, Chairman
APPROVED AS TO FORM:
By:
APPROVED AS TO FORM:
Kane Ball -r & Berkman
By:
Co sion Spe• .1 Counsel
Cooperation Agreement
Page 6 of 6
EXHIBIT 1
SCHEDULE OF PROJECTS
1. Construction of at least 201 units of affordable rental housing for low income households
(as defined by Health and Safety Code section 50079.5(a)) and very low income
households (as defined by Health and Safety Code section 50105(a)), which shall be
offered at affordable rent (as defined by Health and Safety Code section 50053(b)).
Estimated Cost: $80,694,501
EXHIBIT 2
PAYMENT SCHEDULE
Payment to the Housing City will be made as follows:
The reserves of the existing Low -Moderate Housing Funds will be transferred to the City upon
execution of this Agreement.
The Balance of Funds will be transferred annually from the full balance of Low Mod Housing
Fund receipts until the full obligation is paid or may be pre -paid if bonds are issued for the
project.
EXHIBIT 3
SCHEDULE OF PERFORMANCE
Completion of Draft Development and Disposition Agreement June 30, 2011
Completion of Project Due Diligence June 30, 2012
Commence construction June 30, 2013
Completion of Phase I June 30, 2016
Completion of Phase II June 30, 2020
EXHIBIT 4
LEGAL DESCRIPTION
APNs: 559-104-10, 559-124-05, 559-125-15, 560-206-03, 560-391-05, 08, 560-396-06
RESOLUTION 2011 — 35
RESOLUTION OF THE CITY COUNCIL 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 of National City 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 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 — 35
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
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
Resolution No. 2011 — 35
Page 3
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 occurs:
(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 City Council of the City of
National City, as follows:
Section 1. The City Council 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 City Council hereby finds and determines that the foregoing recitals
are true and correct.
Section 3. Based on the evidence in the record, the City Council 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.
Resolution No. 2011 — 35
Page 4
Section 4. The City Council hereby consents to and accepts 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 Mayor is hereby authorized to execute the Agreement on behalf of
the City, together with such non -substantive changes and amendments as may be approved by
the Mayor and City Attorney.
Section 6. The City Manager, 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. That the information contained in the Westside Specific Plan EIR has
been reviewed and considered by the City Council, 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.
Section 8. That the City Manager is directed to file a Notice of Determination
("NOD") with the Clerk of the Recorder's Office for the County of San Diego regarding the
Agreement.
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 Februa ' 11
. n Morrison, Mayor
ATTEST:
ty
Mic ael R. Dell City Clerk
APPROVED TO FORM:
dia G.
City Attorne
Passed and adopted by the Council of the City of National City, California, on February
15, 2011 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
City rk of the City f National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2011-35 of the City of National City, California, passed and adopted
by the Council of said City on February 15, 2011.
City Clerk of the City of National City, California
By:
Deputy
CITY OF NATIONAL CITY, CALIFORNIA
CITY COUNCIL AGENDA STATEMENT
c'O \
MEETING DATE: February 15, 2011
AGENDA ITEM NO.12
ITEM TITLE:
IA resolution of the City Council 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 th,ereto. (Low Mod Set Aside Fund) (Companion Item*).
PREPARED BY: Patricia Beard DEPARTMENT: Redeye • •m-nt Division
PHONE: 142551 APPROVED BY: ��►�
EXPLANATION:
In order to complete affordable housing projects as required by the California Redevelopment Law
(Sections 33220 and 33206), the Housing Element of the National City General Plan and the
Redevelopment Plan for the National City Redevelopment Project, twenty -percent (20%) of anticipated
property tax increment to the CDC must be used to develop and operate low -moderate income housing.
The City has traditionally assisted in coordinating, administering and implementing low -moderate
income housing projects.
The attached Agreement secures funds necessary to implement the WI-TOD - an anticipated low and
moderate housing project within the Redevelopment Project area and Westside Specific Plan area. All
activities, including administrative oversight, acquisition, development, disposition and operation for said
projects would become City obligations under the Agreement.
Please see attached Background Report.
FINANCIAL STATEMENT:
ACCOUNT NO.
APPROVED: Finance
The City would accept transfer up to $40 million in anticipated low -mod set aside
funds from the CDC to fund the WI-TOD project..
ENVIRONMENTAL REVIEW: The Westside Specific Plan EIR (Schedule No. 2008071092) was certified by the
City Council on March 16, 2010 and considered the WI-TOD project. Per Public Resources Code Section 21166
no subsequent EIR is required for this Agreement because no substantial changes are proposed that require
revisions to the Westside Specific Plan EIR.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION: Adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS: Background Report
Proposed Agreement
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