HomeMy Public PortalAbout2010.131 (07-01-10)RESOLUTION NO. 2010.131
JOINT RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE
CITY ,AND THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING AN
AMENDED AND RESTATED DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE LYNVIIOOD REDEVELOPMENT AGENCY AND AMCAL PARK
PLAC~ FUND, L.P. FOR THE DEVELOPMENT OF AFFORDABLE RENTAL
HOUSING UNITS AT ATLANTIC AVENUE AND CARLIN AVENUE AND
ACCEPTANCE OF THE AMEf~DED 33433 SUMMARY REPORT
WHEREAS, in accordance with the California Community Redevelopment Law
(Health & Safety Code § 33000, et seq.) ("CRL"), the City Council of the City of
Lynwood adopted the Redevelopment Plan for the Redevelopment Project Area "A" in
~the City of Lynwood on July 10, 1973, as established by Ordinance No. 945 of the City
Council, and as amended from time to time; and
WHEREAS, on March 16, 2010, to effectuate the Redevelopment Plan, the
Agency approved a Disposition and Development Agreement ("DDA") with AMCAL Park
Place Fund, LP ("Developer"} for the disposition of approximately 4.26 acres of land
owne~ by the Agency at the northeast corner of Atlantic Avenue and Carlin Avenue, as
more specifically described in the DDA ("Site"), from Agency to Developer to allow
Develc~per to construct a ninety-nine unit affordable housing project with ninety-eight
apartments to be restricted to rent to very low- and low-income households for a period
of 55 years; and
WHEREAS, on May 18, 2010, the City Council approved a HOME Funds
Reservation and Commitment Agreement for the use of $191,711 of HOME Investment
Partnership Program funds ("HOME Funds") received from the United States
Department of Housing and Urban Development ("HUD") to be used to supplement the
funding for the Project pursuant to an Amended and Restated DDA and toward the
develapment of an assisted income rental unit in the Project in accordance with HUD
rules for the use of HOME Funds;
WHEREAS, Section 33433 of the CRL requires that the Agency Board and the
City Council approve the disposition of the Site by the Agency; that certain findings be
made, and that, where significant changes in funding occur, a"Summary Report" be
prepared and a copy of the proposed DDA be made available for pubtic inspection; and
WHEREAS, the Agency has prepared the required Amended Summary Report
and notice of a joint public hearing of the Agency and City Council concerning the
proposed Amended and Restated DDA has been given in accordance with applicable
law; and
~ WHEREAS, on July 1, 2010, the City Council conducted and concluded a duly
noticed joint public hearing pursuant to Section 33433 of the CRL to consider the
Amended and Restated DDA; and
WHEREAS, all legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The above recitals are all true and correct and are hereby adopted as
findings.
Section 2. That a Mitigated Negative Declaration anafyzing the potential impacts
of the development of the project contemplated in the DDA meeting all of the
requirements of the California Environmental Quality Act was adopted and approved by
the Lynwood Planning Commission on February ~9, 2010.
Section 3. The Amended and Restated DDA is consistent with the Agency's
adopted Implementation Plan for Redevelopment Project Area "A".
Section 4. The Amended and Restated DDA comprises the loan agreement
evidencing the commitment of HOME Funds of $191,711 toward development of an
assisted-income unit in the Project in accordance with United States Department of
Housing and Urban Development ("HUD") rules for the commitment of HOME Funds.
Section 5. The consideration to be paid by the Developer for the Site is not less
than the fair reuse value of the Site at the use and with the covenants and conditions
and development costs authorized by the sale.
Section 6. The development of the Site will assisf in the elimination of blight in
the Project Area and will provide housing for very low- and low-income househo{ds.
Section 7. The City Council hereby approves the Amended and Restated DDA
and the instruments referenced therein, a copy of which are on file in the office of the
City Clerk.
Section 8. The Mayor and City Manager are authorized and directed to take
such actions and execute such documents as may be necessary to implement and
effect this Resolution and the Amended and Restated DDA on behalf of the Agency and
City.
Section 9. The City Clerk shall certify to the passage and adoption hereof.
PASSED, APPROVED and ADOPTED this 1St day of July, 2010.
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Maria T. Santillan, Mayor
ATTEgT:
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Maria ~uinonez, City Clerk
APPROVED AS TO FORM:
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Fred Galante, City Attorney
Roger Haley, City Manager '
APPROVED AS TO CONTENT:
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. With rs, Director of
Redevelopment
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STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
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 Gity of
Lynwood at a special meeting held on-the 1St day of July, 2010.
AYES: COUNCIL MEMBERS MORTON, RODRIGUEZ, CASTRO AND
SANTILLAN
NOES: NONE
ABSENT: COUNCIL'MEMBER FLORES
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. 2010.131 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 1St day of July, 2010.
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Maria Quinonez, City Clerk