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HomeMy WebLinkAbout85-183 - ResolutionsRESOLUTION NO. 85-1 83 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ADOPTING A MULTIFAMILy RENTAL HOUSING MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF SAN BERNARDINO WHEREAS, there is a shortage in the County of San Bernardino (the "County"), the City of Rancho Cucamonga (the "City"), of decent, safe, and sanitary rental housing, particularly of housing affordable by persons in the lower end of the income spectrum, and a consequent need to encourage the construction of rental housing affordable by such persons and otherwise to increase the rental housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has declared its intent to adopt a multifamily rental housing mortgage finance program (the '~rogram') pursuant to Chapter 7 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act") and to issue bonds pursuant to the Act to provide funds for the program; and WHEREAS, this Council finds and determines that it is in the best interest of the City to adopt the program and to consent to the operation of the program by the County within the geographic boundaries of the City pursuant to the Act; and WHEREAS, this Council finds and determines that the program complies with the Land Use Element and the Housing Element of the City's General Plan. NO~4, THEREFORE, the City Council of the City of Rancho Cucamonga does hereby resolve as follows: This City Council does hereby find and declare that the above recitals are true and correct. The City hereby adopts the program for the purpose of increasing the rental housing supply in the County and in the City and consents to the operation of the program by the County with respect to project site (as de£ined in the Cooperative Agreement hereiuafter mentioned) located within the geographical boundaries of the City. The Cooperative Agreement, dated as of May 15, 1 985, between the County and the City (the '~greoment"), a copy of which is attached hereto as Exhibit A, is hereby approved, and the Mayor and City Clerk are hereby authorized and directed to execute and deliver said Agreement, for an in the name of an on behalf of the City· The Mayor, with the advice and consent of the City Attorney, is authorized to approve any additions to or changes in the form of said Agreement which they deem necessary or advisable, their approval of such additions or changes to be conclusively evidenced by the execution by the Mayor of said Agreement as so added to or changed· The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements. with the County, execute such other document and take such other actions as they may deem necessary or appropriate to carry out the purpose and intent of the Agreement or to cooperate in the implementation of the program. Resolution No. 85-183 Page 2 PASSED, APPROVED, and ADOPTED this 19th day of June, 1985. AYES: Wright, Buquet, Dab1, King NOES: None ABSF~NT: Mikeis ATTEST: Richard M. Dahl, Mayor Pro Beverly ?. Authelet, City Clerk I, BEVERLY A. AUTHELET, 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 19th day of June, 1985. Executed this 20th day of June, 1985 at Rancho Cucamonga, California. Beverly A. Authelet, City Cler~ Resolution No. 85-183 Page 3 EXHIBIT "A" COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF SAN BERNARDINO AND THE CITY OF RANCHO CUCAMONGA THIS CCOPERATIVE AGREEMENT (this "Cooperative Agreement") is hereby made and entered into as of May 15, 1985 by and between the COUNTY OF SAN BERNARDINO a legal subdivision and body corporate and politic of the State of California (the "Coun{y"), and the CITY OF RANCHO CUCAMONGA, a municipal corporation located in the County (the "City"). WITNESSETH WHEREAS, the County has determined to engage in a multi- family rental housing mortgage finance program (the "Program") pursuant to Chapter 7 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act") to finance ccnstruction or mortgage loans for the development of a multi-family rental housing project in the County, all as provided for in the Act; and WHEREAS, the County has determined to borrow money to finance the Program by the issuance of revenue bonds (the "Bonds") as authorized by the Act; and WHEREAS, the City is willing to cooperate with the County pursuant to its implementation of the Program within the corporate boundaries of the City, provided that; (1) such cooperation and implementation shall in no way limit the City's ability to exercise its own powers and develop its own similar program on other sites; and (2) the City shall retain all normal planning and building approval processes and authority over the County Program within the City's corporate limits; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless other defined herein, have the meaning assigned to such words and phrases in the Act. SECTION 2. The County agrees to use its best efforts to undertake the Program and to issue the Bonds therefore as soon as the County determines the same to be necessary and advisable. %eso:_ution ~'o..~3-!83 z'age 4 SECTION 3. The City represents that: (i) the City has heretofore adopted a General Plan for the City which believes to be in conformance with the provisions of the Planning and Zoning Law of the State of California (Government Code Section 65000 et. seq.); (II) said General Plan includes a Land Use Element and a Housing Element as required by Government Code Section 65302; and (III) the Program and Program Site do comply with said Land Use Element and Housing Element. SECTION 4. The City agrees that the County may make a multi-family rental housing mortgage under the Program, and that the County may exercise any and all of the City's powers for the purpose of financing a multi-family rental housing mortgage pursuant to the Act with respect to a total of four (4) projects located as follows: near the intersection of the southwest corner of Terra Vista Parkway and Spruce Avenue and near the northeast corner of Terra Vista Parkway and Church Street, both of which are to be developed by Western Proper- ties and with the preliminary name of Western Properties II; near the northwest corner of Haven Avenue and Arrow Highway to be developed by Lincoln Property Company and with the preliminary name of Lincoln Rancho; and, near the northeast corner 8th Street and Grove Avenue to be developed by Lee Jay Development, Inc. and with the preliminary name of Rancho Verde Village. SECTION 5. The City agrees to undertake such further proceedings or actions as may be necessary in order to carry out the terms and the intent of this Cooperative Agreement; and the City further agrees to refrain from taking any action, which would, to its knowledge, tend to adversely affect the rating on the Bonds to be issued by the County pursuant hereto; provided that nothing in this Cooperative Agreement shall in any way or manner be construed to restrain, or in any way limit, the exercise by the City of its Planning, Land Use, Building Permit, or other authority, over any aspect of the Program herein proposed. SECTION 6. Nothing in this Cooperative Agreement shall prevent the County or the City from entering into one or more agreements with other political subdivisions within their respective boundaries, if deemed necessary and advisable to do so by the County or the City, nor shall anything in this so by the County or the City, nor shall anything in this Cooperative Agreement be construed as limiting the exercise by the County or the City of any of their respective applicable powers or authorities. SECTION 7. This Cooperative Agreement may be amended by one or more supplemental agreements executed by the County and Resolution No. 85-183 Page 5 the City at any time, except that no such amendment or supplement shall be made which shall adversely affect the rights of the holders of the Bonds issued by the County in connection with the Program. SECTION 8. The term of this Cooperative Agreement shall commence on the date first above written and terminate on December 31, 1985 unless bonds are sold at which point it will terminate at the end of the origination period for mortgage loans under the loan for the Program. IN WITNESS WHEREOF, the parties hereto have caused this Cooperative Agreement to be executed and attested by their proper officers thereunto duly authorized, and their Official Seals to be hereto affixed, all as of the date first above written. COUNTY OF SAN BERNARDINO CITY OF By: BY: Chairman, Board of Supervisors ~ Mayor pro-T~m~ ATTEST: CLERK OF THE BOARD OF SUPERVISORS By: BY: APPROVED AS TO LEGAL FORM: By: APPROVED AS TO LEGAL FORM: BY: