Reso 2012-129 - Laserfiche WebLink

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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2012-129 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN ASSIGNMENT AND ASSUMPTION AGREEMENT THAT APPROVES THE ASSIGNMENT OF THE CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT(CDBG) FINANCING TO SAFE ALTERNATIVES TO VIOLENT ENVIRONMENTS (SAVE) FROM SAVE TO EDEN HOUSING(EDEN)AND A REVOCABLE GRANT AGREEMENT RESTRUCTURING THE CITY'S CDBG FINANCING INTO A REVOCABLE AND FORGIVABLE GRANT RELATED TO THE TRANSFER BY SAVE TO EDEN OF THE PROPERTY LOCATED AT 27751 LEIDIG COURT,HAYWARD WHEREAS, in 1988 the City, Alameda County, and the cities of Hayward and Fremont provided SAVE with CDBG loans and grants to assist SAVE in acquiring and rehabilitating the WINGS facility, a 15-unit apartment complex located 27751 Leidig Court in Hayward. Since the acquisition and rehabilitation of the WINGS facility, SAVE has operated the property as transitional housing for survivors of domestic violence, some of whom were residents of the City; and WHEREAS,between 1988 and 2001,the City loaned and/or granted$99,394.00 in CDBG funds for this project to SAVE; and WHEREAS, in 2007, SAVE informed the County that it could no longer operate the property as transitional housing for victims of domestic violence, and requested approval to sell the property. In 2008,the City as well as the other participating local jurisdictions agreed to let SAVE transfer the building to an organization that would operate the property as affordable housing, which would be in compliance with the use of the CDBG funds already loaned or granted to SAVE for this property; and WHEREAS, in January 2010,the County, on behalf of SAVE, issued a Request for Proposals for the transfer of ownership of the property and the assumption of the participating jurisdiction's loans and grants. The City, with the participating local jurisdictions and SAVE, reviewed the proposals and selected the non-profit affordable housing developer, Eden Housing, to purchase the property from SAVE and operate it as an affordable housing project; and WHEREAS, Eden proposes to develop the property into 16 units of rental multifamily housing affordable to very low-income households; and WHEREAS, on October 11, 2012 SAVE and Eden executed an Agreement for the Purchase and Sale of the property, where Eden would also assume all of the funding obligations, including the loans and grants from the local participating jurisdictions,provided to SAVE for the property since 1988.