HomeMy WebLinkAbout16-053 - Resolutions RESOLUTION NO. 16-053
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA APPROVING THE DISPOSITION,
DEVELOPMENT AND LOAN AGREEMENT BETWEEN THE CITY
OF RANCHO CUCAMONGA, IN ITS CAPACITY AS THE
HOUSING SUCCESSOR TO THE RANCHO CUCAMONGA
REDEVELOPMENT AGENCY, AND DAY CREEK SENIOR
HOUSING PARTNERS, LP, A CALIFORNIA LIMITED
PARTNERSHIP FOR AFFORDABLE HOUSING TO BE
DEVELOPED WEST OF DAY CREEK BOULEVARD AND NORTH
OF BASE LINE ROAD, RANCHO CUCAMONGA, CA
WHEREAS, the City Council of the City of Rancho Cucamonga (the "City Council") has
adopted and amended, from time to time, the Redevelopment Plan for the Rancho Redevelopment
Project (the "Redevelopment Plan"); and
WHEREAS, the Redevelopment Plan covers the real property in the Rancho
Redevelopment Project Area (the "Project Area"); and
WHEREAS, the goals for the Redevelopment Plan include alleviation of blighting
conditions and the provision of affordable housing for very low, low and moderate income
households; and
WHEREAS, the City desires to cause the redevelopment of the real property located
west of Day Creek Boulevard and north of Base Line Road (APN 1089-031-36), in the City of
Rancho Cucamonga (the "Property"); and
WHEREAS, the City, in its capacity as the Successor Housing Agency (the "Successor
Housing Agency") to the Rancho Cucamonga Redevelopment Agency (the "Dissolved RDA"),
intends to enter into a Disposition, Development and Loan Agreement ("DDLA") Day Creek
Senior Housing Partners, a California limited partnership (the "Developer"), for the
redevelopment of the Property with a 140-unit housing development that will include 139 units of
residential housing affordable to extremely low income, very low income and low income seniors
(the "Development"); and
WHEREAS, the Development will address the goals and objectives of the
Redevelopment Plan by alleviating blighting conditions such as underutilized properties, and by
providing additional affordable housing opportunities within the City as detailed in the staff report
accompanying this Resolution and incorporated herein (the "Staff Report"); and
WHEREAS, the Implementation Plan adopted by the Dissolved RDA with respect to the
Redevelopment Plan calls for expanding opportunities for affordable housing within the City; and
WHEREAS, the proposed DDLA and a summary report meeting the requirements of
Health and Safety Code Section 33433 (the "Section 33433 Report"), were available for public
inspection consistent with the requirements of Health and Safety Code Section 33433; and
Resolution No. 16-053 - Page 1 of 3
WHEREAS, the Development and the transactions contemplated by the DDLA are
categorically exempt under the California Environmental Quality Act and its implementing
guidelines; and
WHEREAS, on May 4, 2016, the City Council, in its capacity as the Successor Housing
Agency and in its capacity as a municipal corporation, held a duly noticed joint public hearing on
the proposed DDLA; and
WHEREAS, the City Council has reviewed the Section 33433 Report, the Staff Report and
evaluated other information provided to it pertaining to the findings required pursuant to Section
33433.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA that the City Council finds and determines that the above recitals are true
and correct and are incorporated herein.
BE IT FURTHER RESOLVED that the City Council hereby finds and determines, based
upon substantial evidence provided in the record before it, that the consideration for the sale of the
Property pursuant to the terms and conditions of the proposed DDLA, is not less than the fair reuse
value of the Property at the use and with the covenants and conditions and development costs
authorized by the DDLA.
BE IT FURTHER RESOLVED that the City Council hereby finds and determines that the
development and sale of the Property pursuant to the proposed DDLA will eliminate blight within
the Project Area by the development of currently underutilized parcels within the Project Area and
providing additional housing opportunities to a range of household incomes, and will serve the
Redevelopment Plan goals and objectives as set forth in the Section 33433 Report and the Staff
Report.
BE IT FURTHER RESOLVED that the City Council hereby finds and determines that the
DDLA is consistent with the Dissolved RDA's most recent Implementation Plan.
BE IT FURTHER RESOLVED that the City Council hereby approves the sale of the
Property contemplated by the DDLA, and the DDLA and all exhibits thereto. A copy of the DDLA
when executed shall be placed on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the City Clerk shall certify to the adoption of this
Resolution.
BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon
adoption.
Resolution No. 16-053 - Page 2 of 3
PASSED, APPROVED, AND ADOPTED this 4th day of May 2016.
AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
..41Paad;
L. Dennis Michael, •ayor
ATTEST:
�i dd
ice C. Reynolds, city Clerk
I, JANICE C. REYNOLDS, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed, approved and
adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting
of said City Council held on the 41h day of May 2016.
Executed this 5th day of May 2016, at Rancho Cucamonga, California.
nice C. Reyno d terk
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Resolution No. 16-053 - Page 3 of 3