RES201188 - Laserfiche WebLink

RESOLUTION NO. 20-1188 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON DIRECTING THE CITY ATTORNEY TO DRAFT, AND AUTHORIZING THE CITY MANAGER TO EXECUTE, AMENDMENTS TO: THE DISPOSITION, DEVELOPMENT AND LOAN AGREEMENT; AFFORDABLE HOUSING REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS; AND GROUND LEASE WITH SUNFLOWER IRBY, LLC TO DECREASE THE NUMBER OF STAFF UNITS FROM TWO TO ONE, AND RENT THE RELEASED STUDIO UNIT TO A QUALIFIED PERSON AT 60% OF AREA MEDIAN INCOME (AMI) WHEREAS, the Sunflower Hill Project is housing for individuals with special needs, which the City has supported with a lease of public property dedicated as part of the Irby Ranch project, a loan from the City's lower-income housing fund (LIHF), and a portion of the City's share of Alameda County Measure Al funds for affordable housing projects; and, WHEREAS, Sunflower Hill has partnered with Satellite Affordable Housing Associates (SAHA), an experienced affordable housing developer, which has entered into with the City a Disposition, Development and Loan Agreement, a Regulatory Agreement, and a Ground Lease as Sunflower Irby LLC, a limited partnership for which SAHA is part of the partnership structure; and, WHEREAS, SAHA has requested amendments to those agreements to make the project more financially supportable in the long-term by having the City approve a decrease in the number of staff units from two to one, with the released studio unit then rented to a qualified person at 60% of area median income (AMI). As the proposed change would still have staff on-site to serve and assist special needs residents, it is recommended that the City Council approve such amendments. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1: Directs the City Attorney to prepare amendments to the Disposition, Development and Loan Agreement; Affordable Housing Regulatory Agreement and Declaration of Restrictive Covenants; and Ground Lease with Sunflower Irby, LLC, to decrease the number of staff units from two to one, and rent the released studio unit to a qualified person at 60% of area median income (AMI). SECTION 2: Finds that the amendments are exempt from review under the California Environmental Quality Act (CEQA) pursuant to Guideline 15061(b)(3)) as there is no possibility that the amendments in question may have a significant effect on the environment, SECTION 3: Authorizes the City Manager, Nelson Fialho, to sign the amendments on behalf of the City. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on December 1, 2020.