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HomeMy WebLinkAbout1997-05-08; Housing Commission; Resolution 97-0041 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 HOUSING COMMISSION RESOLUTION NO. 97-004 A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA TO RECOMMEND APPROVAL OF FINANCIAL ASSISTANCE FOR THE PURPOSE OF AQUlRlNG POSADA DE GUADALUPE HOMELESS SHELTER APPLICANT: CATHOLIC CHARITIES PROPERTY LOCATED AT 2472-2478 IMPALA DRIVE FOR LA WHEREAS, a request for financial assistance has been submitted to the City of Carlsbad's Housing Commission for review and consideration by the applicant; and WHEREAS, the applicant has expressed a need to receive financial assistance in the amount of $200,000 from the City of Carlsbad Housing Trust Fund for the purpose of acquiring property located at 2472-2478 Impala Drive for La Posada de Guadalupe Homeless Shelter; and WHEREAS, said Housing Commission did, on the 8'h day of May, 1997, hold a public meeting to consider said application with the request for financial assistance; and WHEREAS, as said public meeting, upon hearing and considering all testimony, if any, of all persons desiring to be heard, said Commission considered all factors relating to the application and request for financial assistance. NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of the City of Carlsbad, California, as follows: 1. The above recitations are true and correct. 2. The project is consistent with the goals and objectives of the City of Carlsbad's Housing Element and Consolidated Plan. 3. La Posada de Guadalupe will provide transitional housing for a maximum of 50 single men which meets a "medium" priority as outlined within the City of Carlsbad's Consolidated Plan. The homeless shelter has the ability to effectively serve the City's Housing needs and priorities as expressed in the Housing Element and the Consolidated Plan. 4. The acquisition of the subject property appears to be cost effective based on the appraised value of the property and the leveraging of the financial assistance recommended. 5. That based on the information provided within the application and testimony presented during the public meeting of the Housing Commission on May 8, 1997 the Commission recommends APPROVAL of financial assistance requested by the applicant for the acquisition of property located at 2472-2478 Impala Drive for the La Posada de Guadalupe Homeless Shelter in the amount of $200,000 in the form of a non interest bearing deferred loan from the City of Carlsbad's Housing Trust Fund. 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 6. That the City Manager or his designee is authorized to enter into additional agreements with the applicant, execute such other documents, or take other actions as may be necessary or appropriate to assist the applicant with the acquisition of the subject property. General Conditions: 1. Financial assistance in the amount of $200,000 from the City of Carlsbad Housing Trust Fund will be made available as a non interest bearing deferred loan. This loan will be secured by a Trust Deed and Promissory Note for the property on behalf of the City of Carlsbad. 2. Catholic Charities, San Diego will be required to operate the facility as a homeless shelter consistent with the requirements of the Conditional Use Permit for the facility and the application for financial assistance. If Catholic Charities, San Diego continues to operate a homeless shelter on this property, repayment of the loan will be reduced by 10 percent of the loan principal for each complete year of operation. No repayment of the loan will be required if Catholic Charities, San Diego continues to operate a homeless shelter on this property for a ten year period. 3. Financial assistance shall be subject to granting the City of Carlsbad a right of first refusal to purchase the property should it at any time be made available for purchase. Additionally, the City will be offered an option to purchase the property upon the fifth year of the loan term and every year thereafter. The purchase price for the property will be the fair market value of the property at the time of purchase. The City shall cooperate with Catholic Charities to determine alternative sites for the homeless shelter and provide assistance with the relocation of the homeless shelter. 4. Upon final approval of financial assistance by the City Council, the applicant shall enter into a loan agreement with the City of Carlsbad. The loan agreement shall include all terms and conditions of said project approval; the amount and form of the City's financial assistance; compliance reporting requirements and implementation agreements. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing Commission of the City of Carlsbad, California, held on the 8'h day of May, 1997, by the following vote, to wit: AYES: Chairperson Schlehuber, Commissioners: Escobedo, Noble, Rose, Scarpelli, Walker & Wellman. NOES: Commissioners: Calverley and Latas. ABSENT: None. I MICHAEL SCHL&UBER, Chairperson Housing Commission EVAN E. BECKER Housing and Redevelopment Director 2 HC RES0 NO. 97-004