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JT25K - LOAN AGMT HOUSING DEV.
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JT25K - LOAN AGMT HOUSING DEV.
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Last modified
1/3/2012 4:59:32 PM
Creation date
1/12/2005 10:45:10 AM
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City Clerk
Doc Type
Agenda Packet
Item #
JT25K
Date
1/18/2005
Destruction Year
2010
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<br />1/11/05Ies <br /> <br />RESOLUTION NO. 2005-007 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING THE <br />RELOCATION PLAN FOR RESIDENTIAL <br />PROPERTY LOCATED AT 901 E. SIXTH STREET <br />TO MEET FEDERAL AND STATE MANDATED <br />REGULATIONS FOR PAYMENT OF RELOCATION <br />BENEFITS <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS <br />FOLLOWS: <br /> <br />Section 1: The City Council of the City of Santa Ana hereby finds, <br />determines and declares as follows: <br /> <br />A. The City and the Community Redevelopment Agency are providing <br />acquisition and rehabilitation financing to Orange Housing Development <br />Corporation ("OHDC") a California non-profit organization, for the purchase and <br />rehabilitation of multi-family housing units located at 901 E. Sixth Street in Santa <br />Ana. <br /> <br />B. OHDC has entered into a conditional purchase agreement for the <br />acquisition of a twenty-four (24) one-bedroom unit multi-family property. The <br />affordability requirement for the Property will be as follows: 2 units for extremely <br />low income households (30% of area median income) ; 8 units for very low <br />income (40-50% of area median income); and 14 units for low income <br />households (60-80% of area median income). <br /> <br />C. Pursuant to California Government Code section 7260, et seq., the <br />legislative body is required to adopt a relocation plan, by resolution, whenever it <br />enters into an agreement for acquisition of real property or an agreement for the <br />disposition and development of property which would lead to displacement of <br />people from their homes. <br /> <br />D. The OHDC Sixth Street Project Relocation Plan has been prepared in <br />conformance with applicable provisions of the California Government Code <br />section 7260, et seq., Relocation Guidelines (California Code of Regulations, <br />Title 25) and Handbook 1378 of the United States Department of Housing and <br />Urban Development. <br /> <br />E. The relocation plan is required due to the temporary displacement of <br />twenty households in the OHDC Sixth Street acquisition and rehabilitation <br />project. No household will be permanently displaced; they will all be <br />accommodated within the project upon completion. <br /> <br />Resolution No. 2005- <br /> <br />JT25K-32 <br />
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