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Item 29 - Amendments to Loan Agreements for the Santa Ana Arts Collective
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Item 29 - Amendments to Loan Agreements for the Santa Ana Arts Collective
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Agenda Packet
Agency
Clerk of the Council
Item #
29
Date
6/15/2021
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Resolution No. 2017-XXX <br />Page 1 of 3 <br />RESOLUTION NO. 2021-XXX <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING THE CITY MANAGER TO <br />ENTER INTO AGREEMENTS WITH THE STATE OF <br />CALIFORNIA DEPARTMENT OF HOUSING AND <br />COMMUNITY DEVELOPMENT (HCD) FOR AFFORDABLE <br />HOUSING AND SUSTAINABLE COMMUNITIES (AHSC) <br />PROGRAM GRANT FUNDING <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of San ta Ana hereby finds, determines <br />and declares as follows: <br />A.The Strategic Growth Council (“SGC”) and the State of California <br />Department of Housing and Community Development (“HCD") issued a <br />Notice of Funding Availability dated January 29, 2016 (“NOFA”) under the <br />Affordable Housing and Sustainable Communities (“AHSC”) Program. <br />B.Meta Housing Corporation and the City of Santa Ana were awarded an <br />AHSC Program loan in an amount not to exceed $4,944,130 (“AHSC <br />Loan”) and an AHSC Program grant in an amount not to exceed <br />$1,310,500 (“AHSC Grant”) under the above described NOFA for an <br />aggregate amount not to exceed $6,254,630 under the above described <br />NOFA. <br />C.Previously it was contemplated that $1,288,000 of the AHSC Grant would <br />be paid to the City for a Sustainable Transportation Infrastructure Project <br />for the Santa Ana Arts Collective Project, and $22,500 of the AHSC Grant <br />would be paid to Meta Housing Corporation to support the Southern <br />California Association of Governments’ Go Human program (the “Go <br />Human Portion”). <br />D.Meta Housing Corporation and the City have since determined that it is <br />the best interests of the Project for the Go Human Portion of the AHSC <br />Grant be paid to the City and that the City undertake any activities <br />necessary to support the Southern California Association of Governments’ <br />Go Human program as required by HCD. <br />Section 2. The City Council of the City of Santa Ana hereby authorizes and <br />directs the City to accept the Go Human Portion of the AHSC Grant . That in connection <br />EXHIBIT 3
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