TITLE:
title
REVISED GROUND LEASE, REVISED REGULATORY AGREEMENT, DENSITY BONUS REGULATORY AGREEMENT, AND LOAN AGREEMENTS FOR AN APPROVED 70-UNIT SENIOR AFFORDABLE MULTI-FAMILY RESIDENTIAL PROJECT LOCATED ON A PORTION OF THE SENIOR CENTER PARKING LOT AT 675 WEST 19TH STREET AND ASSOCIATED AGREEMENTS
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DEPARTMENT: COMMUNITY DEVELOPMENT DEPARTMENT/CITY ATTORNEY’S OFFICE
PRESENTED BY: NANCY SA, GRANT ADMINISTRATOR AND KIMBERLY HALL BARLOW, CITY ATTORNEY
CONTACT INFORMATION: NANCY SA, GRANT ADMINISTRATOR (714) 754-5678
RECOMMENDATION:
recommendation
Staff recommends the City Council:
1. Find the request is exempt from the California Environmental Quality Act (CEQA) pursuant to section 15060(c)(3) of the CEQA Guidelines.
2. Authorize the City Manager, or her designee, to execute the revised ground lease, regulatory agreement, density bonus regulatory agreement, and HOME Loan agreement, and all other applicable agreements necessary to advance the Costa Mesa Senior Project, contingent upon completion of HUD requirements for receipt of Home Investment Partnership Program (HOME) funds, with such revisions as are approved by the City Manager and City Attorney.
3. Authorize the City Manager, or her designee, to execute Subordination Agreements in their final forms as approved by the City Attorney.
4. Authorize the City Manager, or her designee, to execute a Memorandum of Agreement (MOA) with the County of Orange regarding Regional Housing Needs Allocation (RHNA) Progress Credits.
Staff recommends the Housing Authority:
5. Authorize the Executive Director, or her designee, to execute the Housing Authority (ARPA) Loan agreement and all applicable agreements necessary to advance the Costa Mesa Senior Project, with such revisions as are approved by the Authority Executive Director and Authority Counsel.
6. Authorize the Executive Director, or her designee, to execute Subordination Agreements in their final forms as approved by the Authority Counsel.
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