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HomeMy WebLinkAbout2017-078 - Community Development Partners SubmittalROH —12/19/17 RESOLUTION NO. 2017-078 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA SUPPORTING COMMUNITY DEVELOPMENT PARTNERS SUBMITTAL OF AN APPLICATION FOR FUNDING UNDER THE AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM, AND, IF AWARDED, AUTHORIZING THE CITY TO ENTER INTO A CONTRACT WITH DEVELOPER UTILIZING THE GRANT FUNDS TO CONSTRUCT THE TRANSPORTATION RELATED INFRASTRUCTURE FOR THE TINY TIM APARTMENTS PROJECT LOCATED AT 2223 W. FIFTH STREET BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The City Council of the City of Santa Ana hereby finds, determines and declares as follows: A. The Strategic Growth Council's ("SGC") Affordable Housing and Sustainable Communities ("AHSC") Program funds land -use, housing, transportation, and land preservation projects to support infill and compact development that reduces greenhouse gas ("GHG") emissions. These projects facilitate the reduction of the emissions of GHG's by improving mobility options and increasing infill development, which decrease vehicle miles traveled and associated greenhouse gas and other emissions, and by reducing land conversion, which would result in emissions of greenhouse gases. B. On October 2, 2017, the Department of Housing and Community Development ("HCD") announced availability of approximately $255 million in funding for the AHSC Program, also known as the Cap & Trade Program. C. The State of California, SGC, and HCD issued a Notice of Funding Availability ("NOFA") dated October 2, 2017, under the AHSC Program, established under Division 44, Part 1 of the Public Resources Code, commencing with Section 75200. Funding for the AHSC Program is provided from the Greenhouse Gas Reduction Fund, an account established to receive Cap -and -Trade auction proceeds. D. 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. HCD is authorized to administer the approved funding allocations of the AHSC Program. Resolution No. 2017-078 Page 1 of 3 E. The City of Santa Ana wishes to support Community Development Partners' ("Developer') application to receive an allocation of up to $7,500,000 in grant and loan funds through the AHSC Program for the Tiny Tim Apartments project, a 51 - unit new construction affordable housing development at 2223 W. Fifth Street in Santa Ana targeting low-income families making 30%-60% AMI, including 5 units targeting at -risk homeless families ("Project"). The Application comprises of a request not to exceed $5,000,000 as a loan for an Affordable Housing Development (AHD) ("AHSC Loan") and request not to exceed $2,500,000 for a grant for Housing -Related (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. F. The City of Santa Ana provided the Developer with a residual receipts loan in an amount not to exceed $6,000,000 in support of the Project. Section 2. The City Manager, or his designee, is authorized and empowered to execute in the name of the City of Santa Ana all necessary applications, contracts, payment requests, agreements, amendments or any other documents related to, and in furtherance of, the Developer's application for the purposes of securing funds and to carry out the purposes specified in the AHSC application and agreement. Section 3. If the application for funding is approved, and the Developer is awarded grant funds for Transportation Related Infrastructure, the City of Santa Ana will enter into a contract with the Developer to utilize those AHSC grant funds in an amount up to $2,500,000 to develop the Transportation Related Infrastructure component of the Project, which involves a bicycle boulevard treatment along Fifth Street between the Santa Ana River Trail and Raitt Street to provide improved bicycle access from the Santa Ana River Trail to Downtown Santa Ana. Section 4. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this 19th day of December, 2017. Resolution No. 2017-078 Page 2 of 3 APPROVED AS TO FORM: Sonia R. Carvalho City Attorrgy m e Attorney AYES: Councilmembers NOES: Councilmembers ABSTAIN: Councilmembers Benavides, Martinez, Pulido, Solorio, Tinaiero, Villegas (6) None (0) Sarmiento (1) NOT PRESENT: Councilmembers None (0 CERTIFICATE OF ATTESTATION AND ORIGINALITY I, MARIA D. HUIZAR, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 2017-078 to be the original resolution adopted by the City Council of the City of Santa Ana on December 19, 2017. Date: /-'e-moo/'P Maria D. Huizar Clerk of the Council City of Santa Ana Resolution No. 2017-078 Page 3 of 3