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CC - 2011-06 - Authorization Execution of an Affordable Housing Reimburstment Agreement between CDCRESOLUTION NO. 2011 -06 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD APPROVING AND AUTHORIZING EXECUTION OF AN AFFORDABLE HOUSING REIMBURSEMENT AGREEMENT BETWEEN THE CITY AND THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROSEMEAD WHEREAS, the Community Development Commission of the City of Rosemead ( "CDC ") is carrying out the Redevelopment Plan ( "Redevelopment Plan ") for the Rosemead Redevelopment Project ( "Project "); and WHEREAS, under the Redevelopment Plan, the City of Rosemead ( "City") shall aid and cooperate with the CDC in carrying out the Project and shall take actions necessary to ensure the fulfillment of the purposes of the Redevelopment Plan and to eliminate and prevent the recurrence or spread of conditions causing blight within the area of the Project Areas No. I and 2 ("Project Areas "); and WHEREAS, pursuant to Section 33220 of the California Community Redevelopment Law (Health and Safety Code Section 33000, et seq.) (the "CRL "), for the purposes of aiding and cooperating in the planning, undertaking, construction or operation of redevelopment projects within the Project Areas, the City may, among other things, exercise the following powers: sell or lease any of its property to the CDC; cause public improvements to be furnished in connection with redevelopment projects; plan or replan and zone or rezone any part of a redevelopment project; facilitate the production and rehabilitation of affordable housing and enter into agreements with the CDC respecting actions to be taken pursuant to any such powers; and WHEREAS, the CDC and City Council have prepared and wish to enter into an Affordable Housing Reimbursement Agreement ("Agreement') to provide for City's production and rehabilitation of affordable housing within the Project Areas and CDC's reimbursement of City for the costs of the affordable housing projects; and WHEREAS, a program Final Environmental Impact Reports were prepared and certified on the Redevelopment Plan(s) ("Final EIR(s) ") in accordance with the California Environmental Quality Act ( "CEQA "), which included analysis of the affordable housing projects on a programmatic level; and WHEREAS, at this time there are no preliminary drawings, plans or other sufficient information to enable a meaningful environmental assessment of the specific affordable housing projects, therefore, the Agreement provides that commitment of funds to and commencement of the specific projects set forth therein shall be subject to completion of additional environmental review and analysis, as required by CEQA; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council hereby approves the Affordable Housing Reimbursement Agreement and hereby authorizes and directs the Mayor to execute the Agreement on behalf of the City, subject to any minor, technical or clarifying changes that may be approved by the City Attorney. The City Council hereby further authorizes and directs the City Manager to take all actions and execute all documents as necessary to carry out the Agreement and accomplish THE production of the affordable housing projects, and the CDC's reimbursement of City for the costs of the affordable housing projects as provided for in the Agreement. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the Rosemead Community Development Commission on the 8` day of February, 2011. yor or Mayor ATTEST: Gloria Molleda City Clerk APPROV D AS TO FORM: achel Richman Burke, Williams & Sorensen, LLP City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS. CITY OF ROSEMEAD ) I, Gloria Molleda, City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 2011.06 being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD APPROVING AND AUTHORIZING EXECUTION OF AN AFFORDABLE HOUSING REIMBURSEMENT AGREEMENT BETWEEN THE CITY AND THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROSEMEAD was duly and regularly approved and adopted by the Rosemead City Council on the 8th of February, 2011, by the following vote to wit: Yes: Armenta, Clark, Low, Ly, Taylor No: None Abstain: None Absent: None .I IOA�1�1 Gloria Molleda City Clerk