HomeMy Public PortalAbout06-30-2004LRA_spLouis Byrd, CHAIRMAN
Leticia Vasquez, VICE CHAIRMAN
Femando Pedroza, MEMBER
Ramon Rodriguez, MEMBER
Made T. Santillan, MEMBER
C~TVp~ ;',~,<~ C~-:!CE
JUN '2 ~) 2004
Th~s Agenda contains a brief general description of each item to be cor~idered. Copies of the Staff reports or
other written documentation relating to each ~em of business referred to ok the Agenda are on file In the Office ~
the City Clerk end are available for public inspection. A person who has a question concerning any of the agenda~
/tems may call the City Manager at (310) 603-0220, ext 200.
AGENDA
LYNWOOD REDEVELOPMENT AGENCY
JUNE 30, 2004
SPECIAL MEETING
4:30 P.M.
I . II _ ~[ .11 _1 _111 II I II I I I I1~ I I II III ! I
LYNWOOD CITY HALL, 11330 BULLIS ROAD
LETICIA VASQUEZ
VICE CHAIRMAN
RAMON RODRIGUEZ
MEMBER
EXECUTIVE DIRECTOR
LORRY HEMPE
LOUIS BYRD
CHAIRMAN
FERNANDO PEDROZA
MEMBER
MARIAT. SANTILLAN
MEMBER
AGENCY COUNSEL
RONALD N. WILSON
OPENING CEREMONIES:
Call Meeting to Order.
Roll Call (PEDROZA-RODRIGUEZ-SANTILLAN-VASQUEZ-BYRD)
Certification of Agenda Posting by Secretary
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
ITEMS FOR CONSIDERATION
RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF LYNWOOD,
CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS
THEREFORE.
REGULAR ITEMS
F.Y. 2003-2004 YEAR END REVIEW.
Comments:
The purpose of this item is to have the Agency Chairman and Board Members adopt
attached resolution amending the Agency's biennial 2003105 Operating Budget to reflect
budget amendment requests.
Recommendation:
Staff respectfully recommends that the Agency Chairman and Board Members adopt
the attached resolution entitled: "A RESOLUTION OF THE LYNWOOD
REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD AUTHORIZING AND
APPROVING AMENDMENTS TO THE BIENNIAL BUDGET FOR THE FY 003~04
OPERATING YEAR."
APPROVAL OF AN AGREEMENT BETWEEN THE AGENCY AND ACCESS
COMMUNITY HOUSING, INC., AUTHORIZING THE COMMITMENT AND
ALLOCATION OF FY 2002 HOME PROGRAM CHDO FUNDS.
Comments:
To approve an agreement between the Lynwood Redevelopment Agency and Access
Community Housing, Inc,, a qualified Community Housing Development Organization
(CHDO), to commit the Fiscal Year 2002 HOME Program allocation of f funds in the
amount of $104,250 for affordable housing purposes.
Recommendation:
It is respectfully recommended that the Agency approve the HOME Fund Reservation
and Commitment Housing, Inc., to commit the FY 2002 HOME Program CHDO funds in
the amount of $104,250 to be used for affordable housing purposes pursuant to the
HUD/HOME Regulations 24 CFR Part 92.2.
CLOSED SESSION
ADJOURNMENT
THE NEXT REGULAR MEETING WILL BE HELD ON JULY 0§, 2004 AT (~:00 P.M. IN THE
COUNCIL CHAMBERS OF CITY HALL, 11330 BULLIS ROAD, LYNWOOD, CALIFORNIA.
Z ~0 ~
~ C ~
DATE:
TO:
FROM:
BY:
SUBJECT:
June 30, 2004
The Honorable Chairman and Members of the Board
Lorry Hempe, Executive D~rector
Alfretta F. Earnest, Assistant Execubve Director x(. ~
F Y 2003-2004 Year End Review
PURPOSE:
The purpose of this item is to have the Agency Chakman and Board Members adopt
attached resolution amending the Agency's biennial 2003/05 Operating Budget to
reflect budget amendment requests.
BACKGROUND:
On July 1, 2003, the Agency Board adopted the biennial operating budget for 2003105.
The biennial budget reflected a broad range of concerns relative to commercial
revitalization and housing development. The FY 2003/04 budget included the following:
· Funding for the Long Beach/Pluma Project
· Commercial Rehab Grants
· Funding for Lynwood Springs Project
· Real Estate purchases
· Sale of Property
During the May 10, 2004 year-end review workshop, staff presented spreadsheets
~dentlfying budget amendment requests relative to reductions in personnel costs,
reduced interest earnings, and additional appropriation for preparing a Redevelopment
Plan Amendment. In addition, staff also informed the Agency that due to the State's
Budget cdsis, more than $180,000 in tax increment funds will be taken away by the
State.
ANALYSIS:
In accordance with Redevelopment Accounting practices, the Lynwood Redevelopment
Agency's Operating Budget is categorized into three (3) fund types to account for the
various operations in each project area. These funds are as follows:
1) Capital Project Funds
a) Redevelopment Operating Funds (12, 18, 22)
b) L/M Income Housing Funds (26, 28)
2) Debt Service Funds
a) Tax Increment Funds (14, 24)
A~EL£',A !'[ '-..'
3) Special Funds
a) Area "A"/Alameda Debt Servtce Reserve (16)
Exh~btt "A" (attachment to resolubon) provides a detail of staff's budget amendment
requests. A recap of the requests are as follows.
I FUND
Area"A" Redevelopment (12)
Area"A" Tax Increment (14)
Area A/Alameda Special Fund (16)
Area A Bond Proceeds (18)
Taxable Bond Proceeds (20)
Alameda Redevelopment (22)
Alameda Area Tax Increment (24)
Area "A" L/M Housing
Alameda LIM Housing
TOTAL
EXPENDITURESFrRANS-OUT REVENUE/TRANS.IN
$ 25,500 $25,500
25,350 -0-
(20,500) (12,000)
(150,ooo) (~s,50o)
-0- (11,000)
(87,000) (87,000)
(87,000) 106,000
(82,500) (20,000)
(82,500~
$(458,650) $(29,000)
RECOMMENDATION:
Staff respectfully recommends that the Agency Chairman and Board Members adopt
the attached resolution entitled. "A RESOLUTION OF THE LYNWOOD
REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD AUTHORIZING AND
APPROVING AMENDMENTS TO THE BIENNIAL BUDGET FOR THE FY 2003104
OPERATING YEAR."
RESOLUTION NO.
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
OF THE CITY OF LYNWOOD AUTHORIZING AND APPROVING
AMENDMENTS TO THE BIENNIAL BUDGET FOR THE FY 2003~04
OPERATING YEAR
WHEREAS, the Agency Board Members adopted the Biennial Budget on
July 1, 2003; and
WHEREAS, the budget serves as an allocation plan for redevelopmen!
administration, programs and projects; and
WHEREAS, the Agency Board Members conducted a budget workshop to
discuss the Operating Budget; and
WHEREAS, certain budget amendments are requested to reflect changes
revenues and expenditures.
NOW, THEREFORE, the Agency Chairman and Board Members of the
Lynwood Redevelopment Agency do hereby find, order, and resolve as follows:
Section 1. That amendments to the FY 2003105 Biennial Budget for fiscal year
ending June 30, 2004 are approved as listed in Exhibit
Section 2. That the Executive Director, or her designee is hereby authorized to
make the following budget amendments by fund for FY 2003/04:
Fund Name
Area"A" Redevelopment (12)
Area"A" Tax Increment (14)
Area A/Alameda Special Fund (16)
Area A Bond Proceeds (18)
Taxable Bond Procccds (20)
Alameda Redevelopment (22)
Alameda Area Tax Increment (24)
Area "A" LIM Housing
Alameda L/M Housing
TOTAL
ExpenditurelTrans-Out Revenuerrrans4n
$ 25,500 $25.5O0
25,350 -0-
(20.500) (12,0OO)
(150,000) (15,500)
-0- (11,000)
(87,ooo) (87,000)
(87,000) 106,000
(82,5oo) (20,oo0)
(82.500) (15,000)
$(458,650) $ (29,000)
Section 3. This resolution shall go ~nto effect immediately upon its adoption
PASSED, APPROVED AND ADOPTED this 30th day of Jpne 2004
ATTEST:
LOUIS BYRD, CHAIRMAN
Lynwood Redevelopment Agency
Andrea L. Hooper
Secretary
APPROVED AS TO FORM:
APPROVED AS TO CONTENT:
C~ty Attorney Lorry Hempe, Executive Director
LYNWOOD REDEVELOPMENT AGENCY
Exhibit "A"
ACCOUNT NO.
Expenditures:
12-5012
12-5030
12-5032
12-5037
16-5140
18-5096
22-5012
26-5010
26-5012
28-5010
28-5012
TOTAL EXPENDITURES
14-5180
24-5180
TOTAL TRANSFERS-OUT
Budget Amendment Requests
FY 2003/04
DESCRIPTION
Salades & Benefits
Planmng, Survey & Design
Planning Services
Fees for Other Services
Fund 12 Expenditure Amendments
Interest Expense
Fund 16 Expenditure Amendments
Commercial Rehab Grants
Fund 18 Expenditure Amendments
Salades & Benefits
Fund 22 Expenditure Amendments
Administrative Support
Salaries & Benefits
Fund 26 Expenditure Amendments
Adm{mstrabve Support
Salanes& Benefits
Fund 28 Expenditure Amendments
Transfers-Out (to Fund 12)
Total Transfers-Out Amendments
Transfers-Out (to Fund 22)
Total Transfers. Out Amendments
AMENDMENT
30,000
90,000
L~
25,500
:~!!V~
500!
(87
(/5 t~{)~{)
(/ ,',{TI))
(
25,350
25,350
j87~00l)~
(87.000)
(61,650,
ACCOUNT NO.
Revenue~Transfers-In:
12-4050
16.4050
DESCRIPTION
Interest Income
Total Area "A"
Interest Income
Total Area "A"lAlameda Special Fund
AMENDMENT
150
150
'
~12.o00~
18-4050
20-4050
24-4010
24-4011
24-4015
24-4050
26-4050
26-405O
TOTAL REVENUE
12-4180
22-4180
Interest Income
Total "A" Bond Proceeds
Amendments
Interest Income
Total Taxable Bond Proceeds Amend
Current Secured Property Tax
Current Unsecured Property Tax
Supplemental Taxes
Interest Income
Total Alameda Proj. Amendments
Interest Income
Total Area "A" L/M Housing Amend.
Interest Income
Total Alameda L/M Housing Amend.
Transfers-In (from Fund 14)
Total Area A Trans-ln Anmndments
Transfers-In (from Fund 24)
Total Alameda Trans-ln Amendments
f15,500)
~11
' I I~-, tllllh
270,000
; l() I)l)' )'~
106,000
12O,O00;
32,650
25,350
25,350
(87
TOTAL TRANSFERS-IN (61 650~
Budget Amendment Recap
FY 2003~04
FUND EXPENDITURESrr RANS-OUT
Area "A" Redevelopment Fund (12) 25 500
Area "A" Tax Increment Fund (14) 25,350
Area "A"lAlameda Special Fund (16) , ~, ~,,
Area "A" Bond Proceeds Fund (18) ,
Taxable Bond Proceeds (20) 0
Alameda Project Redev Fund (22)
Alameda Project Area Tax Increment (24) (87,000)
Area "A" LIM Housing Set-Aside (26)
Alameda Project L/M Housing (28) ~;.' ',~
REVENUErrRANS-IN
25 500
0
(12 000)
(15,5oo)
(t 1,(300)
(87,000)
106,000
(20,000)
(15,000)
TOTAL ~458,650~ ~ 29 00o~
DATE: June 30, 2004
TO:
HONORABLE CHAIRMAN AND AGENCY MEMBERS
FROM '
BY
SUI~JECT:
Lorry Hempe, Executive Director t~?
Lou,s Morales, Executive DeTuty D~9~
ALLOCATION OF FY 200Z HOME PROGRAM CHDO FUNDS
Purpose:
To approve an agreement between the Lynwood Redevelopment Agency and Access Coramtmity Housing,
lnc., a qualified Community Housing Development Organization (CHDO), to commit the Fi.seal Year 2002
HOME Program allocation of funds in the amount of $104,250 for affordable housing purposes.
Facts:
I.
The City of Lynwood receives an annual allocation of HOME Investment Partnerships Act (HOME)
funds from the Dgpartment of Housing and Urban Development to develop affordable housing
programs in accordance with the federal regulations.
2 The federal regulations t'equtres that 15% of thc annual HOME fund allocatton must be reserved and
committed to a CHDO to develop affordable housing within two year period. A CHDO must be a
non-profit orgamzatlon possessing a 501(0 3 c}ar-4fication.
3. The Agency is a duly orgamzed community redevelopment agency under California Redevelopment
Law and quahfies as a subreeipient to administer and commit the HOME Funds in accordance with
the Federal regulations and ts able to entec into a commitmeat agreement.
4. Access Community Housing is readily available to enter into a commitment agreement with the
Agency and has eompl~ed two previous proj~:ts as a elide at First and Joaeplune and at First and
Femwood Avenue (sec attached map).
5. The City has three qualified HUD CHDO's including Curry Temple, Habitat for Humanity and
Access Community ltousing.
6 The C~ty is currently in the process of qualifying addmonal CHDO's, i.e. Old Timer Foundation and
So Cai Housing.
7. The City has met the HUD funding requirements for total expenditures and reservation of funds and
the CHDO commitment is the final requirement (sec the attached HUD Status Report).
8. Attached Is a dralt agreement for the Agency's review and approval.
Anal_yam.
The federal regulations reqmres that 15 percent of the annual HOME Program allocation must be conmfitted
to a qualified CHDO to develop affordable housing within a 24 month period.
AGF2IDA I TL2,1
The HOME Program allocation for FY 2002 was $695.000. Of this total. $104,250 must be committed
betbre the July 3 I, 2003 deadhn~.
I'o comply with this regulation, a legally binding agreement must be executed and include the following:
The name of the quahfied non-profit CHDO,
· The amount of funds committed;
· The specific type of affordable housing project (i.e. new construction, acquisition):
· The agreement must specify that the project must begin within a 12-month period.
This agreement will commit the 2002 HOME Program Funds with a qualified CHDO for aftbrdable housing
projects in accordance wtth the HOME Program regulations. This agreement has been approved by HUD
and serves as an administrative tool to meet the program regulations.
Recommendatl.on:
It ss respectthlly recommended that the Agency approve the HOME Fund Reaervation and Commitment
Agreement between the Agency and Access Conunumty Housing, Inc., to commit the FY 2002 HOME
Program CHDO fhnds in the amount of $104,250 to be used for affordable housing purposes pursuant to the
HUD/HOME Regulations 24 CFR Part 92.2.
Attachments:
I Resolution
2. HOME Fund Reservation and Implementation Agreement
3. HUD Status Report
4. Map of CHDO Projects
RESOLUTION NO.
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD APPROVING A HOME FUND RESERVATION AND COMMITMENT
AGREEMENT BETWEEN THE LYNWOOD REDEVELOPMENT AGENCY AND
ACCESS COMMUNITY HOUSING INC., PURSUANT TO TITLE 24 CFR, PART 92.2
TO CARRY OUT CERTAIN HOUSING ACTMTIES RELATED TO THE HOUSING
AND URBAN DEVELOPMENT REGULATIONS AND TO COMMIT THE CITY OF
LYNWOOD 2002 HOME INVESTMENT PARTNERSHIP ALLOCATION IN THE
AMOUNT OF $104,250
WHEREAS, The City of Lynwood Redevelopment Agency administers a new Housing
Rehabilitation Program pursuant HUD/HOME guidehnes at title 24 CFR, Part 92; and
WHEREAS, the City of Lynwood is required to reserve and commit 15% of the annual
allocation to a qualified Community Housing Development Organization (CHDO) within a 24
month pe~od, m accordance with HUD guidelines, and
WHEREAS, The Agency proposes to enter rotc a HOME Fund Reservation and
Conumtment Agreement with Access Community Housing Inc., a qualified CHDO, to assist the
Agency m carrying out the HOME requirements of providing affordable housing opportunities to
Iow and very low income residents, and
WHEREAS, The Agency proposes to commit 2002 HOME Investment Partnership Act
(HOME Program) funds to a qualified CHDO pursuant to the agreement and in compliance with
the HUD/HOME regulations.
NOW, THEREFORE, the City of Lynwood Redevelopment Agency does heavby resolve
as tbllows.
Sect~o~ 1. That the Redevelopment Agency approves the HOME Fund Reservation and
Commitment Agreement with Access Community Housing Inc., and hereby commits $104,250 of
the 2002 Homc Investment Partnerships Act CHDO allocation to bc used for the development of
affordable housing pursuant to HUD/HOME regulations.
Section 2. The Chmrman, or his designee, is hereby authorized to execute thc agreement.
Section 3. This Resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this 30th day of June, 2004.
Louis Byrd, Chmrman
Lorry Hempe, Execuhve D~reetor
ATI~EST
Andrea L. Hooper, Secretary
APPROVED AS TO FORM-
Ron Wilson, Agency Counsel Louis Morales, Executive Deputy Director
ilOME FUND RESERVATION AND COMMITMENT AGREEMENT
THiS HOME FUND RESERVATION AND IMPLEMENTATION AGREEMENT (the
"Agreement") is entered into as of June 30, 2004, by and between the LYNWOOD
REDEVELOPMENT AGENCY, a public corporate body ("the Agency"), and Access
Community [lousing, lac., a non-profit Community Housing Development Organization
C'CHDO~) pursuant to the HOME Program (as the term is hereinafter defined) and tbr the
benefit of the United States Department of Housing and Urban Development ("HUD").
RECITALS
The City of Lyuwood receives federal funds from HUD pursuant to the Home
Investment Partnerships Act Program and the implementing regulations thereto set forth
,n 24 CFR 92 I for the purposes of providing affordable housing for Iow income
residents of Lynwood in accordance with the HOME Program regulations.
The Lynwood Redevelopment Agency is a community redevelopment agency duly
organized and existing under California Community Redevelopment Law and is
experienced in the acquisition, construction, development and administration of housing
programs which are affordable to pet'sons of very Iow, low, and moderate income.
The Agency enters into this agreement to comply with the HOME Program regulations
regarding the annual allocation of funds for affordable housing and to meet the
commitment requirements of Section 92.2 of the HOME Program.
The Agency administers a multi-year housing program by providing financial assistance
to eligible low income households to improve the existing housing conditions in the
commumty and increase the affordable housing opportunities.
The C~ty's Consolidated Plan has identified housing programs to address the community
and housing needs, including programs for rehabilitation, new construction, acquisition
and specific projects related to the identified goals.
The purpose of the this HOME Fund Reservation and Implementation Agreement is for
the City to reserve and commit FY 2002 HOME Program funds in the amount of
$104,250 to a qualified CHDO to develop affordable housing in the City of Lynwood.
NOW, THEREFORE, the City and the Agency hereto agree as follows:
I Reservation and Commit'men{ of HQME Program Fund~ The C,ty
hereby commits to the Agency, as a subrecipient under the HOME Program, HOME Program
funds heretofore received by thc City and not already expended, committed, or encumbered, as
follows.
(a) the 2002 F,scal Year allocation in the amount of $104,250 for the annual CHDO
Reservation and Commitment requirement.
(b) the funding shall be committed to Access Community Housing, Inc., a non-profit
Community Housing Development Organization, for a specific affordable housing project.
(el the parties anticipate the aftbrdable housing project will conmience within a twelve
month period.
2. Project Description. The HOME Program ~unds will be utihzed and expended
towards eligible affordable housing programs. The Agency and the CHDO are committed to
estabhshing and miplemenhng a program for the acquisition of property and/or new construction
and development of owner-occupied affordable housing units. All of the tbregoing affordable
housing programs are directed towards increasing aflbrdable housing opportunities in the City
and are here~n collectively referred to as the "Project".
(a) The delivery of such reserved funds to or on behalf of the Project IS
expressly conditioned by the City and Agency upon (i) establishment of Project gmdeline~
acceptable to the City and Agency, (ii) the selection of eligible borrowers and acceptable
property(ies) m the City, and (iii) the execution by the ProJect applicants and borrower(s) of
acceptable affordable housing agreement(s) and related documentation, which meet the
requirements of the HOME Program.
(b) The City contemplates the Agency shall commence utilization of the
HOME Program funds fo~hwith for the Project, with activities to commence within the
estabhshed program guidelines.
(c) Upon mutual agreement between the parties, HOME Program funds may
be applied toward other qualifying activities, including without limitation, acquisition of property
and/or acquisition of existing housing units in connection with the development of additional
owner-occupied affordable housing units through rehabilitation and/or new construction of
affordable housing.
3. HOME Program Fund Commitment. The City intends the resea'vation of
HOME Program funds which is madc pursuant to this HOME Fund Reservation and
Implementation Agreement shall qualify as a "commitment" of funds pursuant to 24 CFR 92.2,
as a legally binding written agreement reserving a specific amount of funds to the Project.
4 Annual Commits..ent and Disbur~ement. Thc Agency shall implement and
expend the committed HOME Program funds committed by this Agreement in accordance with
the Annual Commitment and Disbursement requirements established by HUD under the HOME
Program guidelines.
5. Prelect lmplementnflpn Do~:um,enes and Scope, of Affordab]9 Housin~
Agreements. The Project documents and affordable housing agreement(s) shall contain such
matters as (i) the total amount and sources of financial assistance to be made available (HOME
Program funds and/or Housing Fund monies) toward each portion of the Project, (ii) whether the
financial assistance will be in the form of a grant or a loan, (iii) eligible uses of thc financial
assistance (such as for acquisition, new construction, eligible off-site improvements), (iv)
secunty tbr repayment of the financial assistance provided by the Project (such as deed of trust,
guarantee), (v} conditions precedent to disbursement of the financial assistance, (vi) scope of
development and schedule for performance for the work, as applicable, or the close of escrow for
purchase of real property, (vii) number, size, and term of affordability of affordable units, (viii)
affordable housing cost verification and the rent or housing cost limitation formulas, as
applicable, for affordable units, (ix) income limits for tenants or owners, as applicable, for
atlbrdable units, (x) ongoing maintenance, occupancy, and operation requirements, (xi)
recordable regulatory agreement, (xlO other related HOME Program and/or commumty
redevelopment requirements, specifically including without limitation the requirements of 24
CFR 504. ,and CRL Section 333334.2, et seq., and (xiii) such other matters as the parties find
neces~ry or appropriate for proper implementation of the Project.
0. Cooperation. The City and Agency reciprocally agree and covenant to each
other to ncgotmte tn good faith and to cooperate ~n estabhshing the Project gmidelines and
m~plementing documents, identiHing suitable properties and sites within the target areas in the
Cay, and/or development, evaluating potential Project applicants and participants, and supplying
related housing information and analysis which are pertinent to the Project and the subject matter
of this Agreement.
7 Notices Any notices, requests or approvals given under this Implementation
Agreement from one party to another may be personally delivered or deposited with the United
States Postal Service for totaling, postage prepaid, to the address of the other party as stated in
this paragraph, and shall be deemed to have been given at the time of pemonal delivery or three
(3) days after the date of deposit for mailing. Notices shall be sent to:
City and Agency:
City of Lynwood
11330 Bulhs Road
Lynwood, CA 90262
Attention: Lorry Hempe, City Manager
CHDO.
Access Community Homing, Inc.
8. Adm~uisB'ation of HOME Funds. Thc City hereby designates the Agency to
administer and use the HOME Funds. The Agency agrees to administer and use the HOME
Funds in accordance with the applicable laws and regulations. The Agency shall not disburse
HOME Funds prior to entering into a written agreement with any HOME programs qualified or
eligible contractor or project.
9. Amendment to Alzreeme~t. No modification, rescission, waiver, release or
amendment of any provision of this lmplementataon Agreement shall be made except by a written
agreement executed by both parties.
10. Entire Agreement. This Agreement constitutes the entire understanding and
agreement of the parties. This Implementation Agreement integrates all of the temps and
conditions mentioned hereto or incidental thereto, and supersedes all prior and negotiations or
agreements, discussions and previous agreements between the City and the Agency concerning
all or any part of the subject matter of this Implementation Agreement.
IN WITNESS WHEREOF, the parttes hereto have executed this Implementation Agreement as
of the date first set forth above
Lynwood Redevelopment Agency
Community Housing Development
Organization (CHDO)
l.oms Byrd. Chalmmn
Director
Lorry Hempe, Executive Director
Attest:
Andrea L. Hooper, Agency Secretary
Louis Morales, Deputy Executive Director
APPROVED AS TO FORM:
Ron Wilson, Agency Counsel