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• Ana Urzua, representing Building Healthy Communities, opined that proposed project would bring City forward much like other actions taken by this City Council. • Mario Turner, representing AMCAL, noted that 4 bedroom units will be of great benefit to the community. • Ryan Ogulnick, Heritage Village developer, commented that Agenda Item 19G indicated that 16 projects have been funded. Council discussion ensued. Councilmember Sarmiento, opined that sole source of proposed project approved to avoid risk and expedite project; companion project was also approved as good faith to produce two housing projects; recounted actions in support of this project taken by the Planning Commission and City Council; surrounding cities also develop affordable housing projects similarly. Mario Turner, noted that market rate and affordable housing projects will provide much needed housing units. Councilmember Benavides, supports affordable and market rate housing; need resolution to allow applicants to apply for tax credits. Councilmember Tinajero, backs project that will be direct benefit and provide dignified housing for the families in our community. Mayor Pulido, asked City Attorney if funds needed when applying for State tax credits; next deadline to apply is March 1 and then July 1. City Attorney Carvalho, not involved in negotiations; State requires pre - commitment to be in place before developer applies for tax credit, may be in the form of HOME or CDBG funds or the City to have on hand. Councilmember Benavides, asked if loan was sufficient to help bridge. City Attorney Carvalho, clarified that loan from Housing Authority in addition to funds from Heritage Project; pre commitment letters are widely used and regulations require the funds on hand. Councilmember Solorio, asked developer if agree; developer confirmed that expectation was to apply in July when all funds available; suggested an Ad Hoc committee to retain a consultant to do a gap analysis on subsidy and other affordable housing projects in cue, also, if use of successor agency funds require paying prevailing wage. Mario Turner, indicated that analysis has been prepared by Keyser Marsten that requested amount was justified; commit to apply in March without funding from Heritage Project with City funding commitment and subsidy analysis may be provided if requested. CITY COUNCIL MINUTES 33 FEBRUARY 21, 2017 1 OA -33