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File Number: 22-263 <br />financial resources needed to increase and stabilize their housing choices in the <br />City. <br />Environmental Review <br />The City’s proposed project under its forthcoming Project Homekey application is exempt from <br />the provisions of the California Environmental Quality Act ("CEQA"), pursuant to the Affordable <br />Housing Exemption of Section 15194 of the CEQA Guidelines for a project consisting of the <br />construction, conversion, or use of residential housing consisting of 100 or fewer units that are <br />affordable to low-income households, and pursuant to the Class 1 Exemption of Section 15301 of <br />the CEQA Guidelines for the operation, repair, maintenance, permitting, leasing, licensing, or <br />minor alteration of existing public or private structures, facilities, mechanical equipment, or <br />topographical features, involving negligible or no expansion of existing or former use. City staff <br />must file a notice of exemption as required by Section 21152.1 of the Public Resources Code, <br />pursuant to Section 15062 of the CEQA Guidelines. <br />Prior to close of escrow on October 1, 2022, the City will complete required federal National <br />Environmental Protection Act (NEPA) environmental review for the acquisition and rehabilitation <br />of the Property. <br />Legal Analysis <br />The City Attorney’s Office reviewed and approved the staff report and resolution. <br />Fiscal Impacts <br />See Attachment B, City Homekey Local Matching Fund Sources. After City Council approved the <br />purchase and sale agreement for the Nimitz Motel on March 21, the City deposited $184,500 <br />from the City Affordable Housing Trust Fund (Fund 167) into escrow. The initial deposit of <br />$184,500 becomes non-refundable after July 30, 2022. Escrow is set to close on October 1, <br />2022 and City has up to 3 thirty day extensions. If the City exercises its second extension, then it <br />must deposit an amount not to exceed $75,000 that becomes non-refundable. <br />Budget Authority <br />See Attachment B, City Homekey Local Matching Fund Sources. <br />ATTACHMENT(S) <br />Attachment(s) to Staff Report <br />·Attachment A - Resolution of the City of San Leandro City Council Authorizing Joint <br />Application to and Participation in the Homekey Program <br />·Attachment B - City Homekey Local Matching Fund Sources <br />PREPARED BY: Tom Liao, Community Development Director <br />Page 5 City of San Leandro Printed on 4/13/2022