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HomeMy Public PortalAbout2014.014-LSA - (06-17-14)RESOLUTION NO. 2014.014 A JOINT RESOLUTION OF THE LYNWOOD HOUSING AUTHORITY AND THE CITY COUNCIL OF THE CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE TRANSFER OF THE PROPERTY LOCATED AT 3303 MAGNOLIA AVENUE, LYNWOOD, CA TO THE LYNWOOD HOUSING AUTHORITY, THE ACEPTANCE OF THE 3303 MAGNOLIA AVENUE PROPERTY BY THE LYNWOOD HOUSING AUTHORITY, APPROVAL OF THE DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE LYNWOOD HOUSING AUTHORITY AND PARTNERSHIP HOUSING, INC. AND CORRESPONDING APPROVAL OF THE TRANSFER OF THE 3303 MAGNOLIA AVENUE PROPERTY TO PARTNERSHIP HOUSING, INC. WHEREAS, the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency has received final approval from the California Department of Finance to transfer the housing asset identified as 3303 Magnolia Avenue, Lynwood, CA from the Lynwood Redevelopment Agency; and WHEREAS, in accordance with the Health & Safety Code § 34176, the City Council of the City of Lynwood as Successor, Agency to the Lynwood Redevelopment Agency is authorized � to transfer the 3303 Magnolia Avenue, Lynwood, CA property to the Lynwood Housing Authority; and WHEREAS, on June 20, 2012, the Lynwood City Council approved a HOME Reservation Agreement for the reservation of $770,263 in HOME Investment Partnerships Program funds ( "HOME Funds ") received from the United States Department of Housing and Urban Development ( "HUD ") to be used by Habitat for Humanity for an eligible housing project; and WHEREAS, the City of Lynwood has received a submission from Partnership Housing, Inc., the development arm of Habitat for Humanity, providing for the development of the 3303 Magnolia Avenue, Lynwood, CA property with four (4) units of affordable owner - occupied residential housing to be restricted for a minimum period of 45 years; and WHEREAS, Health and Safety Code Section 34315.7(b) requires that the 3303 Magnolia Avenue property can be sold for no less than its acquisition cost; and WHEREAS, Health and Safety Code Section 34312.3(b) provides that the Lynwood Housing Authority may directly assist in the development of 3303 Magnolia Avenue with the proceeds of the sale, provided that the resultant housing is for persons of low income; and WHEREAS, Health and Safety Code Section 34312.3(b) allows the Authority to convey surplus land it acquired from another public agency to a non- profit developer for the development of single family homes where the development will provide for home ownership for persons and families of low and moderate income; and WHEREAS, on June 17th, 2014 the City of Lynwood Housing Authority ( "Authority ") and the City Council of the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency conducted and concluded a duly noticed joint public hearing concerning the transfer of the 3303 Magnolia Avenue property in accordance with applicable law; and WHEREAS, the Authority has prepared a Disposition and Development Agreement ( "DDA ") which effectuates the conditions of the transfer and development of the 3303 Magnolia Avenue property; and WHEREAS, all legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE LYNWOOD REDEVELOPMENT AGENCY, AND THE LYNWOOD HOUSING AUTHORITY DO HEREBY RESOLVE AS FOLLOWS: Section 1. The above recitals are all true and correct and are hereby adopted as findings. Section 2. That the City Council of the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency approves the transfer of the property located at 3303 Magnolia Avenue to the Lynwood Housing Authority and authorizes the Executive Director to execute documentation in a form to be finalized and amended as necessary by Authority Counsel to effectuate the transfer. Section 3. That the City of Lynwood Housing Authority accepts the 3303 Magnolia Avenue property from the City Council of the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency, and authorizes the City Clerk to execute a Certificate of Acceptance on behalf of the City of Lynwood Housing Authority. Section 4. That the City of Lynwood Housing Authority approves the Disposition and Development Agreement by and between the Lynwood Housing Authority and Partnership Housing, Inc. in a form to be finalized and amended as necessary by Authority Counsel, and authorizes its Executive Director to execute all required documentation to effectuate implementation thereof; and Section 5. That the City- of Lynwood Housing Authority, in conjunction with the provisions of the Disposition and Development Agreement by and between the Lynwood Housing Authority and Partnership Housing, Inc., approves the sale of the 3303 Magnolia Avenue site to. Partnership Housing, Inc. at a cost of $65,078. Section 6. That the City of Lynwood Housing Authority, in conjunction with the provisions of the Disposition and Development Agreement by and between the Lynwood Housing Authority and Partnership Housing, Inc., approves the reinvestment of $65,078 in sales proceeds received from the sale of the 3303 Magnolia Avenue'site to Partnership Housing, Inc. for the production of affordable housing for low and moderate income households. Section 7. The Authority Secretary and City Clerk shall certify to the passage and adoption hereof. Section 8. This Resolution shall become effective immediately upon adoption. PASSED, APPROVED and ADOPTED this 17th day of June, 2014. Aide Castro, Mayor ATTEST: Maria Quinonez, APPROVED AS TO FORM [\j k ,— David A. Garcia, City Attorney APPROVED AS TO CONTENT: , Sarah M. WltbeN City Manager Br aulls, Project Manager STATE OF CALIFORNIA ) ),SS. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a special meeting held on the 17th day of June, 2014. AYES: COUNCIL MEMBERS ALATORRE, SANTILLAWBEAS, SOLACHE HERNANDEZ AND CASTRO NOES: NONE ABSENT: NONE ABSTAIN: NONE r r Maria Quinonez, ity Clerk STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2014.014 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 17th day of June, 2014.