HomeMy WebLinkAbout93-101 - Home Investment Partnership AgreementT OF 302
RESOLUTION NO. 93-101
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, APPROVING THE HOME
INVESTMENT PARTNERSHIP AGREEMENT PROVIDING
FOR THE REHABILITATION OF CERTAIN MULTI -FAMILY
RESIDENTIAL PROPERTY LOCATED IN THE CITY.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE
AND FIND 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
WHEREAS, pursuant to the HOME Program and the HOME Regulations, 24 CFR 92,
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
eleven (11) multi -family rental units thereon, and to assure the long-term affordability of the
units to persons and families of very low and 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 CEAQ 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-MC060509 by and between the City of Costa Mesa and Civic Center Barrio Housing
Corporation ("Agreement") attached hereto and incorporated by reference herein and authorizes
and directs the Mayor to execute the Agreement upon final approval by the City Attorney as to
form and further authorizes the City Attorney, subsequent to execution by the Mayor, to make
such corrections and minor revisions as deemed necessary and appropriate to implement the
Agreement.
3. The City Council further authorizes the City Manager to approve additional
expenditures of HOME Program Funds in an amount not to exceed Four Thousand Dollars
($4,000.00), if necessary, to cover the administrative costs associated with the review and
inspection of the rehabilitation work to be completed by the Developer on the Property pursuant
to the terms and conditions of the Agreement.
PASSED AND ADOPTED this 20th day of December, 1993.
Mayor of the City of Costa Mesa
ATTEST:
Deputy City Ir
of the City of Costa Mesa
f-0103
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. 93-101 was
duly and regularly passed and adopted by the said City Council at a regular meeting thereof,
held on the 20th day of December, 1993, by the following roll call vote:
AYES: Gems, Humphrey, Hombuckle, Buffa, Erickson
NOES: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City
of Costa Mesa this 21st day of December, 1993.
r
Deputy CiClerk and ex-officio,Clerk of
the City C unci] of the City of Costa Mesa
I