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JOINT CITY COUNCIL/CULVER CITY HOUSING AUTHORITY AGENDA ITEM: (1) Adoption of a City Council Resolution Approving a Cooperation Agreement with the Culver City Housing Authority; (2) Adoption of a Housing Authority Resolution Approving a Cooperation Agreement with the City of Culver City.
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City of Culver City, California
Agenda Item Report
Meeting Date: January 30, 2012 Item Number: J-7
JOINT CITY COUNCIL/CULVER CITY HOUSING AUTHORITY AGENDA ITEM: (1)
Adoption of a City Council Resolution Approving a Cooperation Agreement with
the Culver City Housing Authority; (2) Adoption of a Housing Authority Resolution
Approving a Cooperation Agreement with the City of Culver City.
Contact Person/Dept.:
Tevis Barnes
Phone Number:
(310) 253-5782
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification Agendas and Meetings – City Council (1/27/12)
Meetings and Agendas –
Department Approval:
Sol Blumenfeld (01/26/12)
City Attorney Approval:
Carol Schwab (by H. Baker) (01/26/12)
Agency General Counsel Approval:
Murray O. Kane (01/26/12)
Chief Financial Officer Approval:
Jeff Muir (01/26/12)
City Manager/Executive Director Approval:
John M. Nachbar (01/26/12)
RECOMMENDATION:
Staff recommends the City Council:
(1) Adopt a resolution making certain findings and determinations and
approving a Cooperation Agreement For Payment of Costs Associated With Certain
Redevelopment Agency Funded Low and Moderate Income Housing Projects
(Attachment No. 1).
AND
Staff recommends the Housing Authority Board:
(1) Adopt a resolution making certain findings and determinations and
approving a Cooperation Agreement For Payment of Costs Associated With Certain
Redevelopment Agency Funded Low and Moderate Income Housing Projects
(Attachment No. 2).
BACKGROUND:
On January 15, 2011, the Culver City Redevelopment Agency and the City of Culver
City entered into a Cooperation Agreement For Payment of Costs Associated With
Certain RDA Funded Capital Improvement and Affordable Housing Projects City of Culver City, California
Agenda Item Report
(“Agency-City Cooperation Agreement”), which provides for the Agency’s payment of
costs incurred by the City to bring about the redevelopment of the Culver City
Redevelopment Project Area, to accomplish various tasks set forth in the
Redevelopment Plan and the Implementation Plan, and to increase, improve and
preserve the community’s supply of affordable housing.
On January 9, 2012, the City of Culver City approved a resolution pursuant to
Assembly Bill No. 26 (2011-2012 1
st
Ex. Sess.) designating the Culver City Housing
Authority to receive the assets and perform the housing functions previously
performed by the Culver City Redevelopment Agency. Additionally, on January 9,
2012 the Culver City Housing Authority approved a resolution accepting the transfer
of the housing assets and functions of the Culver City Redevelopment Agency.
In order to effectuate the transfer of housing assets and functions and to carry out
the intent of the Agency-City Cooperation Agreement, the staff recommends
approval of a Cooperation Agreement For Payment of Costs Associated with Certain
Redevelopment Agency Funded Low and Moderate Income Housing Projects, by
and between the City of Culver City and the Culver City Housing Authority (“City-
Authority Cooperation Agreement”) for assistance and cooperation in implementing
and completing certain low and moderate income housing projects and programs as
outlined in the City-Agency Cooperation Agreement and to assist and cooperate in
the Authority’s remedying of the conditions set forth in the Housing Authorities Law
[Health & Safety Code sections 34200, et seq.]. The City’s payment obligations to
the Authority under the City-Authority Cooperation Agreement will be limited to the
funds received by the City from the Agency under the Agency-City Cooperation
Agreement.
The Agency – City Cooperation Agreement includes funding for a number of affordable
housing developments and programs, including the Tilden Terrace site (11042 – 11056
West Washington Blvd.) and the Globe site (4044 – 4068 Globe Ave.). A Disposition
and Development Agreement for the Tilden Terrace site has been entered into between
the City, the Agency and Tilden Terrace, LP and closing of the construction financing is
expected to occur by the end of January. It will be implemented by the Housing
Authority. A Disposition and Development Agreement for the Globe site between the
Housing Authority and Habitat for Humanity of Greater Los Angeles will be presented to
the Authority's board for approval at its January 30, 2012 meeting. The Cooperation
Agreement also provides for funding of ongoing housing programs by the Housing
Authority, including the Rental Assistance Program (RAP) and the Neighborhood
Preservation Program (NPP)."
With approval of the City-Authority Cooperation Agreement, the City of Culver City
and the Culver City Housing Authority seek to ensure timely implementation and
completion of the housing projects identified in the City-Authority Cooperation
Agreement. The Cooperation Agreement is necessary to provide funding to
effectuate the completion of the housing projects with net available tax increment in
this current fiscal year and forthcoming fiscal years. The Cooperation Agreement will City of Culver City, California
Agenda Item Report
also help to ensure the continued implementation of affordable housing programs in
Culver City that are consistent with the Five-Year Implementation Plan and the
Redevelopment Plan for the Project Area.
FISCAL ANALYSIS:
The City-Authority Cooperation Agreement will contractually commit to the Culver
City Housing Authority a portion of the available resources and projected net
available tax increment that had previously been committed or paid by the Culver
City Redevelopment Agency to the City of Culver City under the Agency-City
Cooperation Agreement to pay the cost of carrying out the projects identified in the
City-Authority Cooperation Agreement. The City-Authority Cooperation Agreement
limits the City’s payment obligations to the funds received by the City from the
Agency under the Agency-City Cooperation Agreement.
ATTACHMENTS:
1. Proposed City Council
2. Proposed Housing Authority Resolution
MOTION:
That the City Council:
Adopt a Resolution approving the Cooperation Agreement with the Culver City
Housing Authority
And
That the Housing Authority Board:
Adopt a Resolution approving the Cooperation Agreement with the City of Culver
City
MEETING DATE: 01.30.12
AGENDA ITEM: (1) Adoption of a City Council Resolution Approving a
Cooperation Agreement with the Culver City Housing
Authority; (2) Adoption of a Housing Authority Resolution
Approving a Cooperation Agreement with the City of Culver
City.
ATTACHMENTS
Pages
1. Proposed City Council Resolution 1-5
2. Proposed Housing Authority Resolution 6-10
ATTACHMENT 1
1ATTACHMENT 1
2ATTACHMENT 1
3ATTACHMENT 1
4ATTACHMENT 1
5ATTACHMENT 2
6ATTACHMENT 2
7ATTACHMENT 2
8ATTACHMENT 2
9ATTACHMENT 2
10