HomeMy WebLinkAbout2002-08-06; City Council; 16834; CDBG & Home Funds Reallocation\
CITY OF CARLSBAD - AGENDA BILL 6
,B# 16,834
IEPT. HIRED
CITY Amy. ACQUIRE PROPERTY FOR AFFORDABLE HOUSING TG . 7/23/02
DEPT. HD. ,m~9 9" m: REALLOCATON OF CDBG AND HOME FUNDS TO
PROJECT
RECOMMENDED ACTION:
Hold a public hearing to accept comments on reallocation of funds from the City's Community
Development Block GranVHOME Investment Partnership Program and adopt Resolution No. 2002-220
to reallocate funds from the Housing Reserve Fund to acquisition of property for affordable housing.
ITEM EXPLANATION:
funding through the U.S. Department of Housing and Urban Development (HUD) under the Community
Under Title I of the Housing and Community Development Act of 1974, the City of Carlsbad receives
Development Block Grant (CDBG) Entitlement Program to finance programs that serve the needs of
lower income persons. As a participant in the San Diego Urban County HOME Investment Partnership
(HOME) Consortium, the City also receives federal HOME funds to provide affordable housing
opportunities for lower income households. The City Council has allocated $376,551 in CDBG funds
and $812,879 in HOME funds over the last three years for the Housing Reserve Fund. The funds are to
be used to create new affordable housing opportunities in Carlsbad for lower income households.
In order to expend the CDBG and HOME funds which have been allocated to the Housing Reserve
with approvals for the release of these funds from HUD. On May 14, 2002, the City Council authorized
Fund, the City must identify an appropriate property and affordable housing project in order to proceed
staff to negotiate the purchase of property at 2578 Roosevelt Street. A purchase price has been agreed
escrow to purchase the subject property, action must now be taken to allocate funding from the Housing
upon and a purchase agreement is being prepared for execution. Because the City will soon enter
Reserve Fund specifically to the noted acquisition.
The City intends to allocate all of the CDBG funds ($376,551) and a portion of the HOME funds
($300,000) from the Housing Reserve Fund to assist with financing acquisition of the property at 2578
Roosevelt Street for affordable housing purposes. In order to use the HOME funds for this purchase,
July 30, 2002. The timing of this action by the City is critical to allow the County of San Diego Board of
City Council must take action to allocate the $300,000 in funds to this specific project by no later than
funding to the City for the site acquisition. As an additional action, the City Council must reallocate the
Supervisors adequate timing to implement the appropriate administrative actions to release the HOME
$376,551 in CDBG funds specifically to the property acquisition to obtain a HUD release of funds. The
City Council may reallocate the CDBG/HOME funds to an alternate project at a later date if for any
reason the purchase agreement is not executed for the property noted on Roosevelt Street or escrow
does not close.
RECOMMENDATION:
from the CDBG/HOME Program for the noted property acquisition for affordable housing purposes.
It is staff's recommendation that the City Council accept public comments on the reallocation of funds
Then, if determined to be appropriate, it is recommended that the Council adopt the attached resolution
approving the reallocation of funds from the Housing Reserve Fund to acquisition of the subject property
and authorizing the Housing and Redevelopment Director to submit an amended Consolidated Plan to
HUD to set forth the reallocation of funds to a specific affordable housing project.
Page 2 of Agenda Bill # 16 I 83 4
FISCAL IMPACT
A total of $1,189,430 has been allocated to the City’s CDBG/HOME Program Housing Reserve Fund
during the past few years. A reallocation of $376,551 in CDBG funds and $300,000 in HOME funds
from the Housing Reserve Fund for acquisition of the Roosevelt Street property will result in a remaining
balance of $512,879 in the subject Fund. This balance of funds will need to be reallocated to a specific
housing project within the next year. At this time, it is anticipated that this balance of funds will be used
to assist with financing for construction of the affordable housing project on the property to be purchased
on Roosevelt Street.
EXHIBITS:
1. Resolution No. 2002-220 reallocating funds from the CDBGlHOME Housing Reserve Fund
and authorizing the Housing and Redevelopment Director to submit an amended Consolidated
Plan to HUD.
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CITY COUNCIL RESOLUTION NO. 2002-220
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA ACCEPTING PUBLIC COMMENTS AND APPROVING THE
REALLOCATION OF CDBG/HOME PROGRAM FUNDS FROM THE HOUSING
RESERVE FUND TO ACQUISITION OF PROPERTY FOR AFFORDABLE
HOUSING PURPOSES.
WHEREAS, the City of Carlsbad, California has previously allocated Community Development
Block Grant (CDBG) and Home Investment Partnership (HOME) funds from the U. S. Department of
Housing and Urban Development (HUD) to the City's Housing Reserve Fund for the purpose of creating
new affordable housing opportunities in Carlsbad; and,
WHEREAS, negotiations are underway to acquire property for affordable housing purposes
through the use of a portion of the Housing Reserve Fund; and,
WHEREAS, the City Council of the City of Carlsbad held a public hearing to consider the
reallocation of a portion of the funds from the Housing Reserve Fund to acquire property at 2578
Roosevelt Street; and,
WHEREAS, the City Council has taken all testimony into account
NOW, THEREFORE BE IT HEREBY RESOLVED as follows:
1, That the above recitations are true and correct.
2. That $300,000 in HOME funds and $376,551 in CDBG funds from the CDBG/HOME
Housing Reserve Fund is reallocated to acquire property located at 2578 Roosevelt Street for
affordable housing purposcs.
3. That the Housing and Redevelopment Director is authorized to submit an amended
Conoiidated Plan to HUD reallocating a portion of the CDBGNOME Reserve Fund to
acquisition of property located at 2578 Roosevelt Street.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of
Carlsbad, California, held on the 6th day of August, 2002, by the following vote, lo wit:
AYES: Council Members Lewis, Kulchin, Finnila, and Nygaard
NOES: Council Member Hall
ABSENT: None
ABSTAIN:
M. WOOD, City Clerk
PROOF OF PUBLICATION
(2010 & 2011 C.C.P.)
STATE OF CALIFORNIA
County of San Diego
I am a citizen of the United States and a resident of
the County aforesaid: I am over the age of eighteen
years and not a party to or interested in the
above-entitled matter. I am the principal clerk of
the printer of
North County Times Proof of Publication of
-
Formerly known as the Blade-Citizen and The
Times-Advocate and which newspapers have been
adjudicated newspapers of general circul
the Superior Court of the County of Sal
State of California, for the County of Sa
that the notice of which the annexed is i
copy (set in type not smaller than nonpx
been published in each regular and entire
said newspaper and not in any supplemen
on the following dates, to-wit:
I certify (or declare) under penalty of pel
the foregoing is true and correct.
Dated at SAN MARCOS. California
This 17TH day
CITY OF CAKLSBAD
2002-2003 Communit Development Block Grant/HO d E Program
NOTICE OF PUBLIC HEARING AND PUBLIC REVIEW
fhe citizens of Carlsbad and other interesredlpar!ies are hereby notified that Carlsbad'! 3ty Council will hold a ublic hearing on ueaday, July ?3. 2002 at 600 pm in tht Council Chambers locate81200 Carlsbad Villa e Ikve to uccc t ublic conlmenls on i proposed amendment to the City's ConsolidatefPlan for tke 2ohl?-!!OO3 Communtty De velopmenl Block Grant CDBGIIHOME Prop Thepped mi~ndment wou!, reallocate $376 551 in Chi funding and $, 0.000.m 0 E lunds lrmf the City ,DBG/HOME kousmg Reserve Fund to ac ulbition ot property at 2.578 Rooseveli Stree lor affordable housing ulposes. The City oqCLlsbad will also be accepting ublic com men& on the pmpose8amendment as required by the U. S. Department ot &using an( Urban Development (HUD). The pro sed amendment will he availahle for publlc rc view and comment from July 23 2$ to Au us1 23, 2002. Copies of the pro (ne( amendment are for review at the city Clerk's Office (12M) Carlsbad Vil!age Dnvef. ,n, the Housmg and Redevelopment Department (2965 Roosevelt Stnet. Su~te B).
Written or verbal comments will be accepted until 500 pm on August 23, 2002 at th Housin and Redevelopment Dep'epnrtment., Commeuts must be submitted to the attcntiol
3f Franf Boensch, City of Carlsbad, Housing & Redevelopment De anment. 2965 Knw welt, Suite B, Carlsbad. CA 92008. Questions or Comments Call f760) 434-2818.
Persons who have questions or comments regarding the City of Carlsbad's CURGIHOML Prognm or who u,ould like more s ecific informntion on the ropoced amendment ma! :ontact Frdnk Boensch at (760) 43&-2818, Monday through 8iday'between 8:00 am 1( I:@ pm.
Persons in need of uanslalon or other special services should coiltact the Housing an1 Redevelopment Department at (760) 434-2818.
PUBLISH DA1E SUNDAY, JULY 14.2W2 - V 'f
Of JULY, 2002
NORTH COUNTY TIMES
Legal Advertising
This space is for the County Clerk's Filing Stamp
City of Carlsbad
2002-2003 Community Development Block GrantlHOME Program
Notice of Public Hearing and Public Review
The citizens of Carlsbad and other interested parties are hereby notified that
Carlsbad's City Council will hold a public hearing on Tuesday, July 23, 2002 at
6:OO pm in the Council Chambers located 1200 Carlsbad Village Drive to accept
public comments on a proposed amendment to the City's Consolidated Plan for the
2002-2003 Community Development Block Grant (CDBG)/HOME Program. The
proposed amendment would reallocate $376,551 in CDBG funding and $300,000
in HOME funds from the City's CDBG/HOME Housing Reserve Fund to acquisition
of property at 2578 Roosevelt Street for affordable housing purposes. The City of
Carlsbad will also be accepting public comments on the proposed amendment as
required by the U. S. Department of Housing and Urban Development (HUD). The
proposed amendment will be available for public review and comment from July 23,
2002 to August 23, 2002. Copies of the proposed amendment are for review at
the City Clerk's Office (1200 Carlsbad Village Drive), and the Housing and
Redevelopment Department (2965 Roosevelt Street, Suite B).
Written or verbal comments will be accepted until 5:OO pm on August 23, 2002 at
the Housing and Redevelopment Department. Comments must be submitted to the
attention of Frank Boensch, City of Carlsbad, Housing 81 Redevelopment
Department, 2965 Roosevelt, Suite B, Carlsbad, CA 92008. Questions or
Comments Call (760) 434-281 8.
Persons who have questions or comments regarding the City of Carlsbad's
CDBG/HOME Program or who would like more specific information on the proposed
amendment may contact Frank Boensch at (760) 434-2818, Monday through
Friday between 8:OO am to 5:OO pm.
Persons in need of translators or other special services should contact the Housing
and Redevelopment Department at (760) 434-2818.
PUBLISH DATE: SUNDAY, JULY 14, 2002