HomeMy WebLinkAboutAGENDA REPORT 2006 0315 CC REG ITEM 10DrrEM 10
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City Council Meeting
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TO: Honorable City Council
FROM: David C. Moe II, Redevelopment Manager
DATE: March 3, 2006 (City Council Meeting of 3/15/06)
SUBJECT: Consider Resolution Extending Time Limit for Activities in
Connection with Properties Acquired with Low and Moderate Income
Housing Funds
BACKGROUND
If the Moorpark Redevelopment Agency ( "Agency ") acquires a property interest with
moneys from the Low and Moderate Income Housing Fund, the Agency shall initiate the
development of housing affordable to persons and families of low and moderate income
within five years from the date the property was first acquired, in accordance with
Section 33334.16 of the Health and Safety Code. Initiation of the development may
include, but is not limited to, zoning changes or agreements entered into for the
development and disposition of the property. If these activities have not been initiated
within this period, the City Council may, by resolution, extend the period during which
the agency may retain the property for one additional period not to exceed five years.
The resolution of extension shall affirm the intention of the City Council that the property
be used for the development of housing affordable to persons and families of low and
moderate income. In the event that physical development of the property for this
purpose has not begun by the end of the extended period, or if the Agency does not
comply with this requirement, the property shall be sold and the moneys from the sale,
less reimbursement to the Agency for the cost of the sale, shall be deposited in the
Agency's Low and Moderate Income Housing Fund.
The Agency acquired the properties located at 782 and 798 Moorpark Avenue
( "Properties ") with funds from the Low and Moderate Income Housing Fund. The
Properties were acquired for the development of housing for low and moderate income
households; however the development has not been initiated.
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Moorpark City Council
March 15, 2006
Page 2
DISCUSSION
To comply with Section 33334.16 of the Health and Safety Code, the Agency will need
to pass a resolution to extend the time limit to commence development activities by an
additional five years. If the time limit is not extended, the Properties will need to be sold
and the Low and Moderate Income Housing Fund will need to be reimbursed, minus
Agency cost associated with the sale.
Selling the Properties would not further the Agency's goal to increase the supply of low
and moderate housing units in the Moorpark Redevelopment Project Area; therefore,
extending the time limit to commence development is the preferred option.
STAFF RECOMMENDATION
1) Adopt Resolution No. 2006 -
Attachment I Resolution
000033
ATTACHMENT I
RESOLUTION NO. 2006-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, EXTENDING THE TIME LIMIT
FOR COMMENCEMENT OF DEVELOPMENT ACTIVITIES
ON PROPERTIES (782 AND 798 MOORPARK AVENUE)
ACQUIRED WITH LOW AND MODERATE INCOME
HOUSING FUNDS
WHEREAS, the City Council of the City of Moorpark, adopted the
Redevelopment Plan for the Moorpark Redevelopment Project on July 5, 1989, by
Ordinance No. 110, in accordance with the California Community Redevelopment Law
(Health and Safety Code Section 33000 et seq.); and
WHEREAS, California Community Redevelopment Law ( "CCRL ") Section
33334.16 requires the Agency to commence development of housing affordable to
persons and families of low and moderate income within five years of acquiring property
with Low and Moderate Income Housing Funds; and
WHEREAS, the Moorpark Redevelopment Agency ( "Agency ") purchased the
properties at 782 and 798 Moorpark Avenue ( "Properties ") with Low and Moderate
Income Housing Funds; and
WHEREAS, the Agency has not commenced development activities on the
Properties; and
WHEREAS, the City Council and the Agency affirm their intention that the
property be used for the development of housing affordable to persons and families of
low and moderate income; and
WHEREAS, the City Council desires to extend the time limit to commence
development activities on the Properties by an additional five years.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The time limit to commence development of housing affordable to
persons and families of low and moderate income on the Properties is extended by an
additional five years to March 15, 2011, consistent with Section 33334.16 of the CCRL.
SECTION 2. 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.
000034
Resolution No. 2006 -
Page 2
PASSED AND ADOPTED this day of March, 2006.
Patrick Hunter, Mayor
ATTEST:
Deborah S. Traffenstedt, City Clerk
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