HomeMy Public PortalAbout99.051 LRARESOLUTION NO. 99.51
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING A
DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE
LYNWOOD REDEVELOPMENT AGENCY AND ACCESS COMMUNITY HOUSING,
A NON-PROFIT CORPORATION.
WHEREAS, The City of Lynwood has received aHOME/CHDO Set-Aside allocation of
$48,850 for Fiscal Year 1996 and aHOME/CHDO Set-Aside allocation of $55,214 for Fiscal
Year 1997 from the Federal Department of Housing and Urban Development to carry out certain
eligible activities in accordance with federal regulation 24 CFR 92; and
WHEREAS, the Lynwood Redevelopment Agency engages in affordable housing
opportunities and projects for low and moderate income persons as part of the Redevelopment
Plan and in order to implement a redevelopment project the Agency proposes to enter into a
Disposition and Development Agreement with Access Community Housing, which provides for
the development of single family homes, and
WHEREAS, the Agency desires to consider the disposition of the Agency property in
connection with the development of the Site by the Developer, and
WHEREAS, the proposed DDA contains all the provisions, terms, conditions, and
obligations required by state and local law, and
WHEREAS, the Developer possesses the qualifications necessary to ensure development
of the Site proposed in accordance with the purposes and objectives of the Redevelopment Plan,
WHEREAS, the Agency has conducted a public hearing and considered the proposed
DDA based on the best interest of the City of Lynwood and in accordance with the goals and
objectives of the Lynwood Redevelopment Agency;
NOW, THEREFORE, IT IS RESOLVED by the Lynwood Redevelopment Agency as follows:
Section 1. That the Agency approves the Disposition and Development Agreement with Access
Community Housing, Inc. and commits $48,850 of the 1996 HOME Investment Partnership
CHDO Set-Aside allocation and $55,214 of the 1997 HOME Investment Partnership CHDO Set-
Aside allocation to be used for the development of affordable units.
Section 2 . This Resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED and
ATTEST
g~~~ ~
Andrea L. Hooper, City C erk
this 5th ~- ay o~ctober, 1999.
~-,.
~~
nchez, Chairman _
Ra ph avis, Interim Executive Director
AS TO FORM
APPROV~p AS TO
ttorney~~ (~'ar}~Iiicot~!Cc~mmunity Development Director
a
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Lynwood Redevelopment Agency (LRA) do
hereby certify that the above and foregoing resolution was duly adopted by the said
Agency at a regular meeting thereof held in the .City Hall of the City of Lynwood on the
5th .day of October , 19, 99 ,and passed by the following vote:
AYES: MEMBERS BYRD, REA, REYES, RICHARDS, SANCHEZ
NOES: ninnir
ABSENT: NONE
i _~
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ~ ss.
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above and foregoing is a full, true and correct copy of Resolution No. LRA
9._ 9.51 on file in my office and that said resolution was adopted on the date and by
the vote therein stated.
DATED this 5th day of October , 1999
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY