HomeMy WebLinkAbout13-39 - Affordable Housing Project at 717, 721 James StreetRESOLUTION NO. 13-39
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA
AND THE COSTA MESA HOUSING AUTHORITY WITH THE CITY
APPROPRIATING MONIES FROM THE GENERAL FUND, RESERVE ACCOUNT,
AND THE CITY AND CMHA AUTHORIZING ACTIONS AND ACCEPTANCE OF
CONVEYANCE RELATING TO THE 8 -UNIT AFFORDABLE HOUSING PROJECT
AT 717, 721 JAMES STREET OWNED BY CIVIC CENTER BARRIO HOUSING
CORPORATION
THE CITY COUNCIL OF THE CITY OF COSTA MESA AND THE COSTA MESA
HOUSING AUTHORITY DO HEREBY RESOLVE AS FOLLOWS:
EmI
WHEREAS, the City of Costa Mesa ("City') is a California municipal corporation;
WHEREAS, the City Council by Resolution adopted on January 17, 2012 declared
the need for a housing authority to function in the City of Costa Mesa, established the
"Costa Mesa Housing Authority" ("CMHA"), and declared that the members of the
City Council are the Commissioners of the Housing Authority so formed all pursuant to the
California Housing Authorities Law, commencing with Health & Safety Code Section
34200, et seq. ("HAL"); and
WHEREAS, the CMHA is the housing successor under Parts 18. And 1.85,
Division 24, of the Health and Safety Code ("Dissolution Laws"); and
WHEREAS, the establishment of a budget for Fiscal Year 2013-2014 has been
prepared by the Chief Executive Officer of the City and Executive Director of the CMHA in
compliance with Section 2-119 of the Costa Mesa Municipal Code; and
WHEREAS, the City Council previously adopted the Fiscal Year 2013-2014 budget
("13-14 Budget"); and
WHEREAS, the City Council desires to amend the 13-14 Budget to appropriate
monies from the General Fund, Reserve Account, in the amount of $350,000, for
expenditure in connection with the payoff of the first mortgage in the pending foreclosure
Resolution No. 13-39 Page 1 of 3
proceeding filed against Civic Center Barrio Housing Corporation (CCBHC) and the
properties located at 717, 721 James Street, Costa Mesa; and
WHEREAS, the CMHA desires to authorize the acceptance of the deed(s) of
conveyance from CCBHC of the subject properties at 717, 721 James Street, Costa Mesa.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COSTA MESA AND THE COSTA MESA HOUSING AUTHORITY as follows:
SECTION 1: The 13-14 Budget is hereby amended and the City Council appropriates
$350,000 from the General Fund, Reserve Account for expenditure in connection with the
payoff of the first mortgage in the pending foreclosure proceeding filed against CCBHC
and the properties at 717, 721 James Street, Costa Mesa.
SECTION 2: The City Council and CMHA authorize the Chief Executive Officer/Executive
Director and legal counsels (and their designees) to accept the deed(s) conveying the
subject properties at 717, 721 James Street, Costa Mesa from CCBHC and to take all
necessary actions, including issuance of warrants, in connection with the payoff of first lien
mortgage, curing of defaults, and acquisition of the subject properties and to continue to
implement the City's rights and remedies under the 717/721 Loan Documents.
SECTION 3: The City Clerk and CMHA Secretary shall certify to the adoption of this
Joint Resolution.
PASSED AND ADOPTED this 17th day of September, 2013.
CITY COUNCIL:
ATTEST:
1si'.Di1 U AI/
Brenda GreeH, City Clerk
APPROVEDAS TO FORM:
Resolution No. 13-39 Page 2 of 3
City Attorney
COSTA MESA
I-HORITY:
D AS TO FORM:
O' �
AN/ A
Brenda Green, ecretary Tom s P. d rte, eneral Counsel
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, BRENDA GREEN, City Clerk of the City of Costa Mesa and Secretary of the
Costa Mesa Housing Authority, DO HEREBY CERTIFY that the above and foregoing
Resolution No. 13-39 is the original joint resolution of the City Council and CMHA that
was duly passed and adopted by the City Council of the City of Costa Mesa at a regular
meeting and by the Costa Mesa Housing Authority at a special meeting held on the 17th
day of September, 2013, by the following roll call vote, to wit:
CITY COUNCIL:
AYES: COUNCIL MEMBERS: Genis, Leece, Monahan, Mensinger, Righeimer
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
CMHA:
AYES: BOARD MEMBERS: Genis, Leece, Monahan, Mensinger, Righeimer
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of 'Coos''ta Mesa this 18th day of September, 2013.
""
BRENDA GREEN
City Clerk and CMHA Secretary
Resolution No. 13-39 Page 3 of 3