HomeMy WebLinkAboutReso 2017-128 - Affordable Housing RESOLUTION NO.2017-128
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDDING AUTHORIZING APPLICATION FOR
THE AFFORDABLE HOUSING AND SUSTAINABLE
COMMUNITIES PROGRAM
WHEREAS, the State of California, the Strategic Growth Council (SGC)and the Department of
Housing and Community Development (Department) has issued a Notice of Funding Availability
dated October 2, 2017 (NOFA), under the Affordable Housing and Sustainable Communities
(AHSC)Program established under Division 44, Part 1 of the Public Resources Code commencing
with Section 75200; and
WHEREAS, the City of Redding (Applicant) desires to be a co-applicant with The McConnell
Foundation and K2 Land and Investment, LLC to apply for AHSC Program funds and submit the
Application Package released by the Department for the AHSC Program; and
WHEREAS,the SGC is authorized to approve funding allocations for the AHSC Program,subject
to the terms and conditions of the NOFA, Program Guidelines,Application Package, and Standard
Agreement. The Department is authorized to administer the approved funding allocations of the
AHSC Program;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Applicant is hereby authorized and directed to apply for and submit to the Department the
AHSC Program Application as detailed in the NOFA dated October 2,2017, for Round 3 in a total
amount not to exceed $20,000,000.00 of which$8,169,868 is requested as a loan for an Affordable
Housing Development (AHD) ("AHSC Loan") and $11,831,132 is requested for a grant for
Housing-Related Infrastructure (HRI), Sustainable Transportation Infrastructure (STI), Transit-
Related Amenities (TRA) or Program (PGM) activities ("AHSC Grant") as defined the AHSC
Program Guidelines adopted by SGC on July 17, 2017 errata August 14, 2017. If the application
is approved, the Applicant is hereby authorized and directed to enter into, execute, and deliver a
State of California Standard Agreement (Standard Agreement) in a total amount not to exceed
$20,000,000.00 ($8,169,868 for the AHSC Loan and $11,831,132 for the AHSC Grant), and any .1
and all other documents required or deemed necessary or appropriate to secure the AHSC Program
funds from the Department, and all amendments thereto (collectively, the "AHSC Documents"). '
2. Applicant shall be subject to the terms and conditions as specified in the Standard
Agreement. Funds are to be used for allowable capital asset project expenditures to be identified C�
in Exhibit A of the Standard Agreement. The application in full is incorporated as part of the
Standard Agreement. Any and all activities funded, information provided, and timelines
represented in the application are enforceable through the Standard Agreement. Applicant hereby
agrees to use the funds for eligible capital asset(s) in the manner presented in the application as
approved by the Department and in accordance with the NOFA and Program Guidelines and
Application Package.
3. The City Manager, or his designee, is authorized to execute in the name of Applicant the
AHSC Program Application Package and the AHSC Program Documents as required by the
Department for participation in the AHSC Program.
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of
the City Council of the City of Redding on the 19"day of December, 2017, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Winter, & Schreder
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Sullivan
ABSTAIN: COUNCIL MEMBERS: Weaver
KRISTEN SC DER, Mayor
ATTEST: APPROVED AS TO FORM:
PAMEtA MIZE, ity Clerk BARRY E. D 7,)(LT, City Attorney