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Res 08-062 RESOLUTION NO 08-062 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, APPROVING THE RELOCATION PLAN FOR 12509 OAK KNOLL ROAD WHEREAS, the City Council ("City Council") of the City of Poway ("City") has adopted and amended, from time to time, the Redevelopment Plan for the Paguay Redevelopment Project, ("Redevelopment Plan") which sets forth a plan for redevelopment of the Paguay Redevelopment Project Area ("Project Area"), WHEREAS, Oak Knoll Housing Associates, L.P , a California Limited Partnership owned and managed by Community HousingWorks, ("Developer") has acquired and will renovate certain improved real property generally located at 12509 Oak Knoll Road in the City of Poway ("Property"); and WHEREAS, the Poway Redevelopment Agency ("Agency") has entered into a Loan Agreement ("Agency Loan Agreement") with the Developer whereby the Agency has agreed to provide a loan to the Developer in the principal amount of Seven Million Three Hundred TwentycNine Thousand Dollars ($7,329,000) from the Agency's Housing Fund ( "Agency Loan") to assist in financing the acquisition, rehabilitation, and completion of the project by the Developer; and WHEREAS, the Developer will substantially rehabilitate, pursuant to Health and Safety Code Section 33413(b)(2)(A)(iv), the fifty-two (52) apartment units located on the Property and intends to make fifty-one (51) of those apartments available for rental to low- and very low-income households, and WHEREAS, the rehabilitation of the Property will require relocation of some of tlie existing residents of the Property; and WHEREAS, the Agency and the Developer and their consultants have prepared a draft relocation plan ("Relocation Plan") in accordance with Section 6038 of the California Department of Housing and Community Development Relocation Regulations ("Relocation Regulations"), and WHEREAS, the City Council has been provided and has received a staff report providing background information about the Relocation Plan and explaining the requirements of the Relocation Regulations ("Staff Report"), and WHEREAS, timely general notice and distribution of the Relocation Plan was completed in accordance with the provisions of paragraph 6046(a)(3) and subsection 6046(b) of the Relocation Regulations, as required by Section 6038(e)(2) of the Relocation Regulations, and WHEREAS, the City Council has considered the proposed Relocation Plan, the Staff Report and the comments of interested persons submitted to the Agency; NOW, THEREFORE, BE IT RESOLVED by the Poway City Council that Resolution No 08-062 Page 2 Section 1 The City Council hereby finds and determines that the above recitals are true and correct. Section 2. Based on the information and analysis contained in the Staff Report, the City Council hereby finds and determines that the Relocation Plan is consistent with the Housing Element of the City of Poway General Plan. Section 3 The City Council hereby approves the Relocation Plan. ADOPTED, SIGNED AND APPROVED this 15th day of July, 2008 ATTEST >L /1 ' /y "'-J~, '"' Salam Hasenin, City Clerk Resolution No 08-062 Page 3 STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO) I, Salam Hasenin, City Clerk of the Poway City Council, do hereby certify the foregoing Resolution No 08-062 was duly adopted by the City Council at a meeting of said Council held on the 15th day of July, 2008, and that it was so adopted by the following vote AYES BOYACK, EMERY, HIGGINSON, CAFAGNA NOES NONE ABSENT REXFORD DISQUALIFIED NONE S=--~ /J0~,' .-1 Salam Hasenin, City Clerk City of Poway