HomeMy WebLinkAbout2002-091 - Approving Amendments to the Cornerstone Village Improvement ProgramRESOLUTION NO. 2002-091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING AMENDMENTS TO THE
CORNERSTONE VILLAGE IMPROVEMENT PROGRAM AND
BUDGET, AND APPROVING AN AMENDMENT TO THE
CORNERSTONE VILLAGE OWNER PARTICIPATION
AGREEMENT
10/14/02 LES
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS
FOLLOWS:
Section 1: The City Council of the City of Santa Ana hereby finds, determines and
declares as follows:
Ao
The City, in partnership with the Redevelopment Agency of the City of
Santa Ana (the "Agency"), made the determination that the Minnie Street
Neighborhood, between McFadden Avenue and Grant Street
("Neighborhood") was in significant need of rehabilitation of both the
private and public infrastructure so as to preserve this important stock of
Iow income housing for the community;
On March 6, 2000, the City COuncil and the Agency approved the
Cornerstone Village Improvement Program and budget, authorized the
execution of the Cornerstone Village Owner Participation Agreements,
and approved the Cornerstone Village Loan Programs. These agreements
provided for enhancement and long term maintenance of the streets,
parkways, open space, building facades and courtyards in the
Neighborhood through an investment of both private and public funds;
and,
The Public Improvement component of the Project includes street and
public right of way improvements and has an approved budget of
$2,928,100. An additional $100,000 is necessary to complete the public
improvements. These funds will be used to enhance public safety; and,
The forty-eight buildings in the Cornerstone Village project area primarily
offer one-bedroom units and the Owner Participation Agreement ("OPA")
executed by all participating owners established the maximum rent and
occupancy standards for said units. Units in some of the buildings are
being reconfigured to offer up to three bedrooms. The OPA must now be
amended to restrict occupancy for these larger units to households with no
more than seven persons. Rents for these larger units will be calculated
consistent with the current OPA; and,
Resolution No. 2002-091
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Currently, owners of forty-six out of the forty-eight buildings in the project
area are participating in the Cornerstone Village Improvement Program.
The owner of the remaining two buildings located at 1105 and 1109 S.
Minnie Street now desires to participate in the Improvement Program.
The facade and courtyard improvements to said buildings will not exceed
$97,550. This is consistent with the entire block and will establish 100%
owner participation in the project area.
Section 2. The Cornerstone Village Improvement Program and amended
budget, which includes an additional amount not to exceed $100,000 for the Public
Improvement component, as well as the Facade and Courtyard Loans for 1105 and
1109 S. Minnie Street in an amount not to exceed $97,550, are hereby approved.
Section 3. An amendment to the Comerstone Village Owner Participation
Agreement is hereby authorized to include rent and occupancy restrictions for three-
bedroom units.
Section 4. The Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
ADOPTED this 21st day of October. 2002.
Miguel A. Pulido
Mayor
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
By: ,/~ ~. ~
Lisa E. Storok
Assistant City Attorney
Resolution No. 2002-091
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AYES:
NOES:
ABSTAIN:
NOT PRESENT:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
Alvarez. Bist. Chdstv. Solorio (4)
None (0)
None (0)
Franklin. Pulido. McGuioan (3)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Clerk of Council, do hereby attest to and certify the attached
Resolution No. 2002-091 to be the original resolution adopted by the City Council of the
City of Santa Ana on October 21,2002. ,/
Date:
, -- C i~yr ko~)~ aCnOtUan~iln a "J ~//
Resolution No. 2002-091
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