HomeMy WebLinkAbout95-33 - Partnership Agreement for Acquisition and Rehab of Residential PropertyRESOLUTION NO. 95-33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, APPROVING A HOME
INVESTMENT PARTNERSHIP AGREEMENT PROVIDING
FOR THE ACQUISITION AND REHABILITATION OF A
CERTAIN MULTI -FAMILY RESIDENTIAL PROPERTY
LOCATED IN THE CITY.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE
AS FOLLOWS:
WHEREAS, the City of Costa Mesa ("City") has received funds from the United States
Department of Housing and Urban Development ("HUD") pursuant to the Federal Government's
HOME Program (42 U.S.C. Section 12701 et seq.) and Community Development Block Grant
("CDBG") Program under Title I of the Housing and Community Development Act of 1974, as
amended (42 U.S.C. Section 5301 et seq.); and
WHEREAS, pursuant to the HOME Program and the HOME Regulations (24 CFR 92)
and the CDBG Program and CDBG Regulations (24 CFR 570), the City may provide financial
assistance to qualified developers to acquire and rehabilitate multi -family residential real
property; and
WHEREAS, the City desires to enter into a Home Partnership Investment Agreement
with Civic Center Barrio Housing Corporation ("Developer") to provide financial assistance to
Developer for acquisition of certain real property located within the City, to rehabilitate the three
(3) multi -family rental units thereon, and to assure the long-term affordability of the units to
persons and families of very low income.
NOW, THEREFORE, the City Council of the City of Costa Mesa, California, does
hereby resolve as follows:
1. The City Council finds that the proposed Project is categorically exempt under the
California Environmental Quality Act (CEQA)(California Public Resources Code Section 21000
et seq.) pursuant to Section 15301 of the CEQA Guidelines, and that all applicable requirements
of the National Environmental Policy Act of 1969 associated with the Project have been
satisfied.
2. The City Council approves the Home Investment Partnership Agreement No. M92-
MC060507-01 by and between the City of Costa Mesa and Civic Center Barrio Housing
Corporation ("Agreement") on file with the City Clerk of the City and authorizes and directs the
Mayor to execute the Agreement upon final approval by the City Attorney as to form.
3. The City Council further directs and authorizes the City Manager to take such
actions as he deems necessary and appropriate to implement the Agreement.
PASSED AND ADOPTED this 1st day of May, 1995.
Ma of the City of Costa Mesa
ATTEST:
APPROVED AS TO FORM
Deputy City' lerk of the City of Costa Mesa CITY ATTORNEY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, MARY T. ELLIOTT, Deputy City Clerk and ex -officio Clerk of the City Council of
the City of Costa Mesa, hereby certify that the above and foregoing Resolution No. 95-33 was
duly and regularly passed and adopted by the said City Council at a regular meeting thereof held
on the 1st day of May, 1995, by the following roll call vote:
AYES: Erickson, Buffa, Hornbuckle, Genis, Monahan
NOES: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City
of Costa Mesa this 2nd day of May, 1995.
�
Deputy Ci Clerk and ex -officio Clerk of
the City Council of the City of Costa Mesa