HomeMy WebLinkAboutRDA AGENDA 02-20-01 AGENDA
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
FEBRUARY 20, 2001
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS 1 THROUGH 5)
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APPROVAL OF MINUTES - FEBRUARY 5, 2001 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of February 5, 2001
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APPROVAL OF AGREEMENT FOR HOUSING ENABLED BY LOCAL PARTNERSHIPS
(HELP) PROGRAM FUNDING AND AUTHORIZATION TO INCUR INDEBTEDNESS
FOR HELP PROGRAM LOAN FUNDS
Agency approval is requested for an agreement for the allocation of Housing Enabled by
Local Partnerships (HELP) Program funds from California Housing Finance Authority.
Recommendation by the Redevelopment Agency staff:
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Adopt the following Resolution No. RDA 01-2 approving the Agreement between the
Agency and the Califomia Housing Finance Agency ("CHFA") for the allocation of
$1,150,000 in Housing Enabled by Local Partnerships ("HELP")funds'
RESOLUTION NO. RDA 01-2- A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY, AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE AN AGREEMENT WiTH THE CALIFORNIA HOUSING FINANCE
AGENCY THE HOUSING ENABLED BY LOCAL PARTNERSHIPS PROGRAM
("HELP") FOR THE REHABILITATION, CONVERSION OR CONSTRUCTION OF
AFFORDABLE HOUSING UNITS AND TO INCUR THE HELP PROGRAM LOAN
INDEBTEDNESS
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Authorize the Community Redevelopment Agency to incur the HELP Program loan
indebtedness.
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APPROVAL OF AMENDMENT TO CONSULTING SERVICES AGREEMENT FOR
PROPERTY MANAGEMENT SERVICES
Agency approval is requested for an amendment to the Consulting Services Agreement
with Preferred Real Estate Management, Inc. for property management of the Agency
owned properties located at 14741 and 14751 Newport Avenue.
Agenda - Redevelopment Agency February 20, 2001 - Page 1
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Recommendation by ti",~ Redevelopment Agency staff:
Authorize the Assistant City Manager to execute an amendment to the Agreement
extending the term of the Agreement for an additional one-year period.
PARTICIPATION UNDER COUNTY OF ORANGE APPLICATION FOR ALLOCATION
OF MORTGAGE CREDIT CERTIFICATES
Agency staff is requesting approval of the Tustin Community Redevelopment Agency's
participation in the Mortgage Credit Certificate (MCC) Program administered by the
County of Orange under the County's application for an allocation of $100,000,000 for
the 2001 MCC Program.
Recommendation by the Redevelopment Agency staff:
Adopt the following Resolution No. RDA 01-3 approving participation in a Mortgage
Credit Certificate Program in cooperation with the County of Orange:
RESOLUTION NO. RDA 01-3- A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY, ADOPTING A MORTGAGE CREDIT
CERTIFICATE PROGRAM IN COOPERATION WITH THE COUNTY OF ORANGE
APPROVAL OF A DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE
COMMERCIAL' REHABILITATION OF PROPERTY LOCATED IN THE VICINITY OF
THIRD STREET AND EL CAMINO REAL
Agency approval is requested for a Disposition and Development Agreement (DDA) for a
Commercial Rehabilitation Project on a property in the Town Center Project Area.
Recommendation by the Redevelopment Agency staff:
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Subject to non-substantive modifications approved by the Executive Director and
Agency Counsel, authorize the Executive Director to execute the DDA between the
Tustin Community Redevelopment Agency, and Philippe Izsak, Marta Escobar,
Charles C. Vir-zi and Patricia J. Virzi, as tenants in common ("Owner/Developer"), for
rehabilitation of the commercial properties located at 301-307 El Camino Real.
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Appropriate $80,000.00 out of the Town Center Redevelopment Project tax
increment funds for the rehabilitation of the commercial properties.
OTHER BUSINESS
CLOSED SESSION - None
ADJOURNMENT - The next regular meeting of the RedeveloPment Agency is scheduled for
Monday, March 5, 2001, at 7'00 p.m. in the Council Chamber at 300 Centennial Way.
Agenda - Redevelopment Agency February 20, 2001 - Page 2