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HomeMy WebLinkAboutRES CC 2017 3601 2017 0607 RESOLUTION NO. 2017-3601 A RESOLUTION OF CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, APPROVING AN EXTENSION OF TIME TO DEVELOP PROPERTY FOR LOW AND MODERATE INCOME HOUSING PURSUANT TO HEALTH AND SAFETY CODE SECTION 33334.16 WHEREAS, the City Council of the City of Moorpark ("City") adopted the Redevelopment Plan for the Redevelopment Agency of the City of Moorpark; and WHEREAS, the Redevelopment Agency of the City of Moorpark ("Agency"), prior to the dissolution of Redevelopment Agencies, was responsible for administering the Redevelopment Plan; and WHEREAS, pursuant to Health and Safety Code Section 33334.2, the Agency had set aside a portion of the tax increment revenue that it received in the Agency's low and Moderate Income Housing Fund (the" Housing Fund") for the purpose of increasing, improving, and preserving the supply of low and moderate income housing; and WHEREAS, prior to the dissolution of redevelopment agencies, the Agency had acquired several properties ("Housing Assets") a list of which is included on Exhibit A, with Housing Fund monies ; and WHEREAS, after the dissolution of the redevelopment agencies, the Successor Agency of the Redevelopment Agency of the City of Moorpark ("Successor Agency") transferred to the City of Moorpark the Housing Assets, pursuant to the City Council's election to assume the housing obligations of the Agency and adoption of Resolution 2012-3079; and WHEREAS, Health and Safety Code Section 33334.16 requires that within five years from the date of acquisition of the Housing Assets, activities must begin consistent with the development of the Housing Assets for affordable housing or else the Housing Assets must be sold and the net proceeds returned to the Low and Moderate Income Housing Fund; and WHEREAS, Health and Safety Code Section 34176.1(e) reset the five year timeline to coincide with the date the State Department of Finance (DOF) approved the Housing Asset transfer list, which was August 12, 2012; and WHEREAS, no activities have been initiated consistent with the development of the Housing Assets for affordable housing purposes; and WHEREAS, pursuant to Health and Safety Code Section 33334.16, by resolution the time period to retain the Housing Assets may be extended for an additional period not to exceed five years; and Resolution No. 2017-3601 Page 2 WHEREAS, the City desires to pass such a resolution because the deadline to develop the Housing Assets for affordable housing purposes will expire on August 12, 2017; and WHEREAS, the City intends within the extended five year period to develop the Housing Asset properties for affordable housing for low and moderate income persons and families. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. Pursuant to Health and Safety Code Section 33334.16, the period during which the City may retain the Housing Asset properties is extended for five years to August 12, 2022. SECTION 2. The City hereby affirms that the Housing Asset properties shall be used for the development of affordable housing for low and moderate income persons and families. SECTION 3. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 7th day of June, 2017. Ja ice S. Parvin, Mayor ATTEST: `w 0 ;9 1 (-4 q -44 Maureen Benson, City Clerk b yr Exhibit A — List of Housing Asset Properties Resolution No. 2017-3601 Page 3 EXHIBIT A APN Address 506-0-020-130 250 Los Angeles Avenue 511-0-030-250 1123 Walnut Canyon 511-0-030-260 1113 Walnut Canyon 511-0-030-270 1095 Walnut Canyon 511-0-030-280 1083 Walnut Canyon 511-0-030-290 1073 Walnut Canyon 511-0-030-300 1063 Walnut Canyon 511-0-040-10 1331 Walnut Canyon 511-0-040-130, & -140 1293 Walnut Canyon 512-0-063-010 780 Walnut Street 512-0-081-050 450 Charles Street 512-0-081-060 460 Charles Street 512-0-081-080 484 Charles Street 512-0-102-100 112 First Street 512-0-102-110 124 First Street 506-0-020-525 SW Terminus of Millard Street Resolution No. 2017-3601 Page 4 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 2017-3601 was adopted by the City Council of the City of Moorpark at a regular meeting held on the 7th day of June, 2017, and that the same was adopted by the following vote: AYES: Councilmembers Mikos, Pollock, Simons, Van Dam, and Mayor Parvin NOES: None ABSENT: None ABSTAIN: None WITNESS my hand and the official seal of said City this 14th day of June, 2017. c Maureen Benson, City Clerk (seal) " els (-4 . * �' 440 te„ oft S,s. tt \Ne- it