HomeMy WebLinkAboutReso 2017-074 - Affordable Housing RESOLUTION NO. 2017-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
EXTENDING THE TIME PERIOD DURING WHICH THE SUCCESSOR
HOUSING AGENCY MAY RETAIN PROPERTY IDENTIFIED AS
ASSESSOR'S PARCEL NUMBERS 108-010-043, 104-350-019, 104-350-018,
114-060-032, 116-440-025, AND 115-170-001 FOR THE DEVELOPMENT
OF HOUSING AFFORDABLE TO EXTREMELY LOW- AND LOW-
INCOME HOUSEHOLDS
WHEREAS, on February 1, 2012, the Redding Redevelopment Agency ("RRA") was
dissolved pursuant to Health and Safety Code (HSC) Sections 34161 - 34166; and
WHEREAS, pursuant to HSC §34176, by Resolution No. 2012-007, the City Council of
the City of Redding elected to become the Successor Housing Agency to the RRA ("Successor
Housing Agency"); and
WHEREAS, HSC §34176(a)(1), provides for all rights, powers, duties, obligations, and
housing assets (as defined by HSC §34176(e)) of the redevelopment agency to be transferred to
the Successor Housing Agency; and
WHEREAS, on February 2, 2012, such transfer did occur; and
WHEREAS, HSC §34176(2) requires that the Successor Housing Agency submit to the
State Department of Finance (DOF) a list of all transferred housing assets for DOF review and
approval; and
WHEREAS, on July 31, 2012, a Housing Assets Transfer Form was submitted to DOF
for its review and approval; and
WHEREAS, on August 30, 2012, DOF issued its written approval of the transfer of all
assets as listed on the Housing Asset Transfer Form to the Successor Housing Agency; and
WHEREAS, the Housing Asset Transfer Form included the following properties, all of
which were acquired using moneys from the Low- and Moderate-Income Housing Fund:
Assessors Parcel Numbers 108-010-043, 104-350-019, 104-350-018, 114-060-032, 116-440-025,
AND 115-170-001; and 7-3
I
WHEREAS, HSC §34181(f), requires that the Oversight Board approve by resolution 0
the housing asset transfer at a public meeting after at least 10 days' notice to the public of the J
proposed action; and
WHEREAS, on February 26, 2013, the Oversight Board adopted Resolution 2013-003 0
approving the transfer of all non-cash housing assets of the Redding Redevelopment Agency to J
the Successor Housing Agency; and --C
WHEREAS, Section 33334.16 of the California Health and Safety Code stipulates that
the Agency shall, within five years from the date it acquires the properties, initiate activities
consistent with development of the properties for housing affordable to persons and families of
low and moderate income; and
WHEREAS, Section 33334.16 of the California Health and Safety Code provides that if
development has not been initiated within this period, the legislative body may extend the period
during which the Successor Housing Agency may retain the properties for one additional period
not to exceed five years; and
WHEREAS, the City Council, as the legislative body for the City of Redding, wishes to
extend the period for the Successor Housing Agency to retain the properties for not more than an
additional five years and this extension shall be deemed retroactive to August 30, 2017;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding
as follows:
1. The intention of the extension is for the properties to be used for the development
of housing units affordable to persons and families of extremely low- and low-income.
2. In the event that physical development of any of the properties for this purpose
has not begun by the end of the extended period, or if the Successor Housing Agency does not
comply with this requirement, the property(s) on which physical development has not begun
shall be sold and the proceeds from the sale shall be deposited in the Low- and Moderate-Income
Housing Asset Fund.
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting
of the City Council of the City of Redding on the 5`h day of September, 2017, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan, Winter, & Weaver
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
BRENT WEAVER, Mayor
ATTEST: FORM APPROVED:
KOUVLT i
PAMELA MIZ , City Cler BARRY . I eWALT, City Attorney