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HomeMy WebLinkAbout2026-014 - ResolutionRESOLUTION NO. 2026-014 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING, AUTHORIZING, AND DIRECTING CITY EXECUTION OF THE JOINT EXERCISE OF POWERS AGREEMENT RELATING TO MEMBERSHIP IN THE SAN BERNARDINO REGIONAL HOUSING TRUST WHEREAS, the City of Rancho Cucamonga is committed to increasing the supply of affordable housing and addressing the housing needs of residents across all income levels; and WHEREAS, regional housing assessments and planning efforts have identified a continued need for additional affordable housing opportunities throughout the region; and WHEREAS, affordable housing developments often require multiple sources of financing to achieve financial feasibility; and WHEREAS, local financial resources for affordable housing development are limited, and access to additional financing mechanisms can enhance the competitiveness of individual projects for State and Federal funding opportunities; and WHEREAS, regional collaboration provides an opportunity to leverage resources and strengthen the ability of local jurisdictions to secure additional housing funding; and WHEREAS, the San Bernardino Regional Housing Trust ("SBRHT") is being formed as a joint powers authority pursuant to a Joint Exercise of Powers Agreement ("Agreement") among participating public agencies within the San Bernardino Council of Governments region; and WHEREAS, the SBRHT is established for the purpose of raising, pooling, and distributing funds to support the financing, preservation, rehabilitation, and development of affordable and workforce housing for extremely low-, very low-, low-, and moderate -income households, including individuals and families experiencing homelessness; and WHEREAS, the City of Rancho Cucamonga finds that participation in the SBRHT will further advance the City's housing goals by expanding financing resources to facilitate the development of affordable housing in the City and throughout the region; and WHEREAS, the SBRHT shall be legally separate and distinct from the City of Rancho Cucamonga, and its debts, liabilities, and obligations shall not constitute those of the City except as expressly agreed to by both parties; and WHEREAS, under the Agreement, the City of Rancho Cucamonga's land use authority remains fully vested in the City and shall not be transferred, limited, or otherwise affected; and WHEREAS, the City Council finds that participation in the SBRHT is consistent with the City's housing goals, strengthens regional collaboration, and serves the best interests of the City and its residents. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES, Section 1. The foregoing recitals are true and correct. Resolution No. 2026-0 14 -- Page 1 of 3 Section 2. The City Council hereby authorizes the City's membership in the San Bernardino Regional Housing Trust (SBRHT). Section 3. The City Council approves the Joint Exercise of Powers Agreement substantially in the form attached (Attachment No. 2). Section 4. The adoption of this Resolution shall not obligate the City of Rancho Cucamonga to (i) provide any financing to acquire, construct, or operate any project or any refinancing of any project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, improvement, rehabilitation or operation of any Project; (iii) require any contribution or advance any funds whatsoever to the SBRHT other than membership fees for administrative costs; or (iv) take any further action with respect to the SBRHT or its membership therein except as provided in this Resolution. Section 5. The City Council, the City Clerk, and all other proper officials of the City of Rancho Cucamonga are hereby authorized and directed to execute the Joint Exercise of Powers Agreement and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution. Section 6. The City Clerk, or designee, shall coordinate with the San Bernardino Council of Governments/San Bernardino County Transportation Authority Clerk of the Board to facilitate electronic execution of the Agreement. Resolution No. 2026-014 — Page 2 of 3 PASSED, APPROVED, and ADOPTED this 18th day of March, 2026. r L. Dennis Michael, ayo ATTEST: STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Kim Sevy, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 18th day of March, 2026. AYES: Michael, Scott, Stickler NOES: None ABSENT: Hutchison, Kennedy ABSTAINED: None Executed this 1 9th day of March, 2026, at Rancho Cucamonga, California. L�• Sevy, City Cler Resolution No. 2026-014 — Page 3 of 3