HomeMy Public PortalAbout2008.102 (06-17-08)RESOLUTION NO. 2008.102
A RESOLUTION OF THE CITY OF LYNWOOD OF LYNWOOD, CALIFORNIA AUTHORIZING
THE MAYOR TO EXECUTE AN AFFORDABLE HOUSING AGREEMENT WITH THE
LYNWOOD REDEVELOPMENT AGENCY, AND AOF/PACIFIC AFFORDABLE HOUSING
.~ CORP. FOR THE LEASE, REHABILITATION, SALE, AND MANAGEMENT OF THE
PROPERTY LOCATED AT 3250 MAGNOLIA FOR. LOW INCOME HOUSEHOLDS
WHEREAS, in the month of July 2007 the City of Lynwood purchased two triplexes
located at 3254 Palm and 3250 Magnolia utilizing a combination of HOME funds and 20%
Housing set aside funds;
WHEREAS, by purchasing these properties the City avoided the loss of over a million
dollars of HOME funds;
WHEREAS, on October 16, 2007 the City Council authorized the issuance of a request
for proposals to find a developer to buy or lease, rehabilitate, and maintain the homes located
at 3254 Palm and 3250 Magnolia to low income families;
WHEREAS, on January 2, 2008, the City Council authorized staff to negotiate and enter
into an agreement with Habitat for Humanity of Greater Los Angeles regarding 3254 Palm
Avenue and AOF/Pacific Affordable Housing Corp. ("AOF") regarding 3250 Magnolia Avenue;
WHEREAS, AOF has the capability to undertake an affordable housing project;
WHEREAS, the Lynwood Redevelopment Agency is desirous of entering into an
Agreement with AOF and the City of Lynwood consistent with AOF's proposal, but with several
changes in the Agency's favor to provide affordable housing opportunities; and
NOW, THEREFORE, the City of Lynwood does hereby find, proclaim, order and resolve
as follows:
Section 1. The City of Lynwood hereby finds that the execution of the Affordable Housing
Agreement between the Agency, City and AOF relating fo the redevelopment of 3250
Magnolia for affordable housing purposes, a copy of which is attached hereto and
incorporated herein as Exhibit "A" is in the best interest of the Agency, City and the City's
residents.
Section 2. The City of Lynwood hereby authorizes its Mayor to execute the Affordable
Housing Agreement on behalf of the City, subject to the City Attorney's approval as to
form.
Section 3. This resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED and ADOPTED this 17th day of June 2008.
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MARIA SANTILLAN, MAYOR
ATTEST:
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MARIA QUINONEZ
CITY CLERK
ROG .HA
CITY MANAGER
APPROVED AS TO FORM:
t
FRED ALANTE
CITY ATTORNEY
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
APnPROVED AS TO SUBSTANCE:
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LORRY H E
ASSISTANT CITY MANAGER
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing
Resolution was passed and adopted by the City Council of the City of Lynwood at a regular
meeting held on the 17th day of June, 2008.
AYES: COUNCIL MEMBERS, CASTRO, FLORES, MORTON, RODRIGUEZ, AND
SANTILLAN
NOES: NONE
ABSENT: NONE ~~
I
ABSTAIN: NONE
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Maria Quinonez, City Clerk
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the City Council of
said City, do hereby certify that the above foregoing is a full, true and correct copy of
Resolution No. 2008.102 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, 2008
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Maria Quinonez, City Clerk