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HomeMy WebLinkAboutItem 6h. Approve Cooperative Agreement with PSHH for Calle Joaquin Homekey Project and amendments to Resolution 11439 (2023 Series) Item 6h Department: Community Development Cost Center: 4008 For Agenda of: 4/16/2024 Placement: Consent Estimated Time: N/A FROM: Timmi Tway, Community Development Director Prepared By: Teresa McClish, Housing Policy and Programs Manager Daisy Wiberg, Homelessness Response Manager SUBJECT: APPROVE COOPERATING AGREEMENT WITH PEOPLE’S SELF-HELP HOUSING FOR THE CALLE JOAQUIN HOMEKEY PROJECT AND APPROVE AMENDMENTS TO RESOLUTION NO. 11439 (2023 SERIES) RECOMMENDATION 1. Approve the Cooperating Agreement with People’s Self-Help Housing for the Calle Joaquin Homekey Project and authorize the City Manager, or their designee, to execute the agreement; and 2. Approve amendments to Resolution No. 11439 (2023 Series). POLICY CONTEXT The City’s General Plan 6th Cycle Housing Element1 includes Safety as Goal 1, and Program 1.7 states “Continue to support local and regional solutions to homelessness by funding supportive programs services and housing solutions.” Additionally, providing financial assistance to af fordable housing projects is a theme supported throughout the Housing Element. Housing Element Goal 2 is Affordability, which specifically states “Accommodate affordable housing production that helps meet the City’s quantified objectives.” HE Program 2.9 states “Assist with the issuance of tax- exempt bonds, tax credit financing, loan underwriting or other financial tools to help develop or preserve at least 20 affordable units annually through various programs.” Goal 3 in the HE is Housing Conservation, to Conserve existing housing and prevent the loss of safe housing and the displacement of current occupants, and Policies 3.3, 3.5 and Program 3.9 respectively state:  “Encourage the construction, preservation, rehabilitation or expansion of residential hotels, group homes, integrated community apartments, and single - room occupancy dwellings;”  “Encourage and support creative strategies for the rehabilitation and adaptation and reuse of residential, commercial, and industrial structures for housing;” and 1 City of San Luis Obispo 6th Cycle Housing Element Page 233 of 346 Item 6h  “Work annually with non-profit organizations, faith-based organizations, or the Housing Authority of the City of San Luis Obispo to encourage rehabilitation of residential, commercial, or industrial buildings to expand extremely low, very -low, low- or moderate-income rental housing opportunities.” HE Goal 6 is Housing Production, which specifically states “Plan for new housing to meet the full range of community housing needs.” HE Program 6.20 states, “Continue to financially assist in the development of housing affordable to extremely low, very-low-, low- or moderate-income households during the planning period using State, Federal and local funding sources, with funding priority given to projects that result in the maximum housing benefits for the lowest household income levels.” Additionally, the City’s Homelessness Response Strategic Plan includes Objective 2: to support efforts to establish emergency/transitional housing for key beneficiary groups including chronically homeless individuals, medically vulnerable individuals, and families, with a key task to establish partnerships with housing developers and homeless services providers to submit funding applications in coordination with the County (e.g., Homekey Grant Funding) that will provide new transitional and permanent supportive housing resources for families.2 DISCUSSION Background On March 29, 2023, the California Department of Housing and Community Development (HCD) announced a notice of funding availability (NOFA) of approximately $736 milli on in Round 3 Homekey funds to sustain and rapidly expand the inventory of housing for people experiencing homelessness or at risk of homelessness. On May 16, 2023, the San Luis Obispo County Board of Supervisors authorized a total of $2.6 million for the Homekey project to cover the estimated $650,000/year in project costs for four years. A subsequent commitment letter from the County authorized the project funding to be allocated for capital, renovations, and operations for the project. On July 24, 2023, the City Council adopted a resolution3 authorizing the submittal of a joint application for Homekey Round 3 grant program funds in conjunction with People’s Self- Help Housing (PSHH) for the proposed acquisition, rehabilitation and conversion of the 87-unit Motel 6 North located at 1433 Calle Joaquin in San Luis Obispo. On December 19, 2023, and revised on January 18, 2024, HCD provided the City and PSHH a conditional Homekey Round 3 award commitment and acceptance of terms and conditions for the Calle Joaquin Homekey project for a capital award amount of $17,414,328 and operating award of $1,943,942. On January 22, 2024, the City Manager and CEO for PSHH, as co-applicants, executed the conditional award letter for Homekey Round 3 funding. 2 City of San Luis Obispo Homelessness Response Strategic Plan 3 Resolution No. 11439 Page 234 of 346 Item 6h Cooperating Agreement The proposed Cooperating Agreement between the City and PSHH will provide the terms and provisions for the City and PSHH to construct and operate the Calle Joaquin Homekey project in accordance with the Homekey Standard Agreement, which will be drafted by HCD. The proposed Cooperating Agreement (Attachment A) includes a provision requiring that it shall be construed to be consistent with the Standard Agreement. The Homekey Program is intended to meet urgent housing needs, and as suc h, requires aggressive implementation timelines. Homekey capital funds must be expended within eight months of the date of award, December 19, 2023. Acquisition, rehabilitation and/or construction must be completed twelve months form the date of award and full occupancy must be achieved by fifteen months from the date of award. The City and PSHH anticipate receiving the Standard Agreement from HCD in April 2024 and, upon receiving the agreement, will confirm that the terms of the Cooperating Agreement are consistent with the Standard Agreement. Staff request authorization to amend the Cooperating Agreement to address any non-substantive inconsistencies, since staff anticipate that HCD’s Standard Agreement will not be negotiable. Staff is bringing forward this Cooperative Agreement in advance of the Standard Agreement due to the fast project timeline and need to continue to move the project forward. Staff does not anticipate substantive changes to the Cooperating Agreement; PSHH is familiar with the HCD Standard Agreement and was involved in the drafting of the Cooperating Agreement as a signing party. Council’s authorization to apply for the program included an acknowledgement that the City shall be subject to the terms and conditions of the Standard Agreement. Resolution Amendments The State of California’s Department of Housing and Community Development (HCD), the entity which awards funds under the Homekey Program, requested correction s be made to the City of San Luis Obispo’s Resolution No. 11439 (2023 Series) for the Calle Joaquin Homekey project. Previously, on March 21, 2024, some non-substantive amendments were previously made administratively regarding the naming of all co - applicants for the project and the resolution was amended to include the City, Peoples Self-Help Housing Corporation (“Co-Applicant 1”), Calle Joaquin Homekey LLC (“Co- applicant 2”), quin LP (“Co-Applicant 3”). HCD has requested additional amendments to the previously adopted resolution that staff have determined require Council approval. Prior to issuing a Standard Agreement for the Calle Joaquin Homekey project, HCD has requested amendments to the Resolution regarding the anticipated project cost and funding sources. When the originally adopted Resolution was executed, an anticipated award amount of $15,000,000 (with a not -to-exceed authorization of up to $22,000,000) was included in the Resolution, however the final award amount requested on the Homekey Round 3 application was $21,528,657. HCD requested the Resolution be amended to remove the anticipated award amount of $15,000,000 and replace it with the authorized amount not to exceed $22,000,000. Additionally, HCD requested that the City’s $400,000 Affordable Housing Funds (AHF) commitment be included in the Resolution as well as naming additional funding sources including: $150,000 Wells Fargo Homekey Accelerator Funding and $164,329 Deferred Developer Fee. All requested Page 235 of 346 Item 6h revisions are included in the amended resolution (Attachment B). The three sections of the amended Resolution are outlined below, including language from the originally adopted Resolution and the proposed amendments to the Resolution: Update #1 – Originally Adopted Resolution, Page 2, Section 3, Findings, No. 1: “The City Manager or their designee is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds for an anticipated project cost of $15,000,000. Per the Homekey grant provisions, it is recommended to identify an authorized dollar amount that is at least double the anticipated award. In line with available funding allocation for the Central Coast Geographical Area, the total authorized amount shall not exceed $22,000,000.” The amended resolution will state: “The City Manager or their designee is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds for an anticipated project cost not to exceed $22,000,000. Per the Homekey grant provisions, it is recommended to identify an authorized dollar amount that is at least double the anticipated award. In line with available funding allocation for the Central Coast Geographical Area, the total authorized amount shall not exce ed $22,000,000.” Update #2 – Originally Adopted Resolution, Page 2, Section 1, Findings: “SECTION 1. Findings. The City Council does hereby make the following findings in support of the proposed AHF awards:” The amended Resolution will state: “SECTION 1. Findings. The City Council does hereby make the following findings in support of the proposed $400,000 AHF award:” Update #3 – Originally Adopted Resolution, Page 3, Section 1, No. 5, Financial Effectiveness, Paragraph 2: “This is a highly effective use of the City’s Affordable Housing Funds, as it will leverage additional funding sources as they demonstrate local support and commitment to the development. These funding sources include the Homekey Grant Round 3 $15 million, County of San Luis Obispo $2.6 million; and Private Foundation funding $800,000. Project financial feasibility is dependent upon Affordable Housing Funds.” The amended resolution will state: “This is a highly effective use of the City’s Affordable Housing Funds, in the amount of $400,000, as it will leverage additional funding sources as they demonstrate local support and commitment to the development. These funding sources include the Homekey Grant Round 3 award for an anticipated project cost of $21,528,657; County of San Luis Obispo funding commitment in the amount of $2.6 million; Private Foundation funding in the amount of $800,000; $150,000 Wells Fargo Homekey Accelerator funding; and $164,329 Deferred Developer Fee. Project financial feasibility is dependent upon the City’s Affordable Housing Funds.” Page 236 of 346 Item 6h The requested amendments to the Resolution are consistent with the partnership structure outlined in the Homekey Round 3 grant application and do not alter the project, partnership, or the City’s financial obligations in any way. The anticipated award amount, Affordable Housing Fund commitment from the City, and additional funding sources were all outlined in the final Homekey Round 3 application that the City and PSHH submitted to HCD in July 2023. Staff will submit the amended Resolution to HCD so that the Calle Joaquin Homekey project may move forward. Next Steps PSHH will administer subrecipient agreements with the County of San Luis Obispo , 5Cities Homeless Coalition, and other service providers for the provision of ongoing funding and services at the project site. The Balay Ko Foundation, a nonprofit corporation, has also committed up to $800,000 in gap funding for the project and the Wells Fargo Accelerator Fund contributed $150,000. The Housing Authority of San Luis Obispo (HASLO) will provide 60 Project Based Vouchers as Operational Subsidy in years 4 -14 of the project. The tentative project timeline for the Calle Joaquin Homekey project, which is subject to change, includes the following estimated milestones:  Property Acquisition – May 2024  Start of Rehabilitation & Construction – June 2024  Collaboration with County and Service Providers on Coordinated Entry System for Calle Joaquin Homekey Housing Placements – August 2024  Rehabilitation & Construction Complete – December 2024  Leasing Process Begins for Permanent Supportive Housing (PSH) Units – January 2025  Calle Joaquin Homekey Opening – March 2025 Previous Council or Advisory Body Action On July 24, 2023, the City Council adopted a resolution authorizing the submittal of a joint application for Homekey Round 3 grant program funds in conjunction with People’s Self- Help Housing for the proposed acquisition, rehabilitation, and conversion of the 87-unit Motel 6 North located at 1433 Calle Joaquin4. The Resolution grants the City Manager, or their designee, authorization to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $22,000,000, and any and all other documents required or deemed necessary or appropriate to se cure the Homekey funds from HCD and to participate in the Homekey Program, and all amendments thereto. 4 Resolution No. 11439 Page 237 of 346 Item 6h The Resolution also includes an acknowledgement that the City shall be subject to the terms and conditions specified in the Standard Agreement. The Ci ty Manager, or their designee, is authorized in the Resolution to execute the Homekey Documents on behalf of the City for participation in the Homekey Program and to execute such other documents and take such other actions consistent with the purposes of the grant as necessary to accept and comply with grant requirements and implement the project. On March 21, 2024, the Resolution was administratively amended to include additional project co-applicants, per the request of HCD5. PSHH created a Limited Liability Company (LLC), Calle Joaquin Homekey LLC, and a Limited Partnership (LP), Calle Joaquin LP, for the Homekey project, and HCD requested that both entities be listed as additional co - applicants on the Resolution. The requested amendment to the resolution was consistent with the partnership structure outlined in the Homekey Round 3 grant application and did not alter the project, partnership, or the City’s financial obligations in any way. Public Engagement On October 11, 2023, PSHH noticed Calle Joaquin neighbors and stakeholders and conducted an informational meeting at City Farm SLO to provide an overview of the proposed project. Only one neighboring business attended but City staff have been responding to public inquiries regarding the project. The City and PSHH plan to conduct additional community outreach to neighboring businesses and stakeholders in advance of the project groundbreaking, including providing an overview of the project timeline. Key stakeholders will be invited to a groundbreaking event for the Calle Joaquin Homekey project and additional community engagement opportunities will be provided throughout the development of the project. CONCURRENCE The Homelessness Response Steering Committee is in support of the agreement. ENVIRONMENTAL REVIEW As provided by Health and Safety Code section 50675.1.4, the guidelines allow for exemption of this Round 3 Homekey Project from the California Environmental Quality Act (CEQA). Compliance with Section 50675.1.4 is a material term of the Cooperating Agreement, and a Notice of Exemption has been filed. Additionally, a finding of no significant impact will be filed in accordance with the National Environmental Policy Act (NEPA) for the provision of Homekey funds. FISCAL IMPACT Budgeted: No Budget Years: 2023-24 & 2024-25 Funding Identified: Yes 5 Amended Resolution No. 11439 Page 238 of 346 Item 6h Fiscal Analysis: Funding Sources Total Budget Available Current Funding Request Remaining Balance Annual Ongoing Cost General Fund $ $ $ $ State $19,358,270 $0 $19,358,270 Federal County $2,600,000 $0 $2,600,000 Fees Other: AHF $400,000 $0 $400,000 HASLO 60 Project Based Vouchers Operational Subsidy (Years 4-14) $0 Private Donation $800,000 $0 $800,000 Wells Fargo Accelerator Fund $150,000 $0 $150,000 Total $23,308,270 $0 $23,308,270 City Council’s approval of the Cooperating Agreement does not have fiscal implications. The fiscal analysis reflects the Homekey project budget as previously approved on July 24, 2023. ALTERNATIVES 1. Council could deny approval of the Cooperating Agreement with PSHH. Under this alternative, the City and its co-applicant would have no agreed terms to manage the Calle Joaquin Homekey project. Staff does not recommend this alternative. 2. Council could deny approval of the amendments to Resolution No. 11439. Under this alternative, the City would risk not being in compliance with HCD’s resolution requirements for the Homekey Round 3 program and may encounter delays with execution of the Standard Agreement. Staff does not recommend this alternative. ATTACHMENTS A - Draft Cooperating Agreement for Calle Joaquin Homekey Project B - Amended Resolution No. 11439 (2023 Series) Page 239 of 346 Page 240 of 346 COOPERATING AGREEMENT FOR HOMEKEY ROUND 3 PROJECT THIS COOPERATING AGREEMENT (“Agreement”) is between the City of San Luis Obispo (“City”) and People’s Self- Help Housing, a 501(c)(3) Corporation (“PSHH”). PSHH, is referred to as “Developer.” City and PSHH are sometimes individually referred to as a “Party” and collectively as the “Parties.” This Agreement will be effective as of the last date the Agreement is signed by all Parties (“Effective Date”). RECITALS A. In response to the spread of COVID-19 in the State of California, Governor Newsom secured Federal Emergency Management Agency (FEMA) approval for “Project Roomkey”, a state-wide initiative with the intention of securing thousands of motel rooms to provide non-congregate shelter for extremely vulnerable individuals experiencing homelessness to help keep susceptible, homeless persons safe, flatten the curve, and preserve hospital capacity. B. On June 15, 2020, the state of California passed a budget that included $550 million for the purpose of rapidly expanding the inventory of housing available to homeless persons currently served by Project Roomkey and subsequently launched the Homekey Program. C. Following on the success of the 2020 Homekey Program, the State’s FY 2022-23 budget included funds for Homekey Round 3 administered by the Department of Housing and Community Development (“HCD”). D. On March 29, 2023, The California Department of Housing and Community Development (HCD) announced the notice of funding availability (NOFA) of approximately $736 million in Round 3 Homekey funds to sustain and rapidly expand the inventory of housing for people experiencing homelessness or at risk of homelessness and who are, thereby, inherently impacted by or at increased risk for medical disease or conditions due to the COVID-19 pandemic or other communicable diseases. The estimated Homekey funds for the Central coast geographic allocation was $22,657,376. E. On July 24, 2023, the City adopted a resolution authorizing the submittal of a joint application for Homekey Round 3 grant program funds in conjunction with PSHH, a developer who is experienced in affordable housing development and in providing housing assistance to those experiencing homelessness, for the proposed acquisition, rehabilitation and conversion of 87-unit Motel 6 located at 1433 Calle Joaquin San Luis Obispo, CA (“Project”). F. On December 19, 2023, and revised January 18, 2024, HCD provided the City and Developer a Homekey Round 3 conditional award for the Calle Joaquin Homekey project (Contract No. 23-HK-18089) consisting of a capital award of $17,414,328 and operating award of $1,943,942. G. On January 22, 2024, the City and Developer, as co-applicants, executed the conditional award for Homekey Round 3 funding. H. To support the joint application for Homekey Round 3 program funding, the Developer agreed to undertake the following activities: 1. Negotiate directly with property owner(s) and effectuating the purchase of the           Page 241 of 346 real property located at 1433 Calle Joaquin San Luis Obispo, CA (“Project Site”); 2. Assist the City in obtaining state funding made available for the purpose of acquiring the Project Site and applying for all other necessary Project financing; 3. Prepare and carry out a scope of work necessary to convert the Project Site into housing that meets the criteria of Health and Safety Code section 50675.1.4 and to create safe and habitable living spaces for up to 75 tenants who are homeless or at-risk of homelessness; and, 4. Own, manage and operate the site as housing in compliance with the requirements of the Homekey Round 3 Program and consistent with Health and Safety Code section 50675.1.4. I. To support the joint application for Homekey Round 3 program funding, and maximize the investment of, Homekey Round 3 funds from the State, the City provided a local match contribution of $400,000 from the City’s Affordable Housing Fund for the acquisition and rehabilitation of the Project site; and the City initiated the review process required to obtain environmental clearance pursuant to the National Policy Environmental Act (NEPA). NOW, THEREFORE, in consideration of the recitals and mutual covenants and conditions contained in this Agreement, incorporated herein, the Parties agree as follows: 1. Term. 1.1 The term of this Agreement will be from the date of execution until completion of the tasks stated herein (the “Term.”) This agreement shall be construed to be consistent with the Standard Agreement, which will be drafted by The Department of Housing and Community Development. The Standard Agreement will be entered under the authority and in furtherance of the Homekey Round 3 Program (“Agreement”). The Agreement shall be executed by the City of San Luis Obispo and People’s Self-Help Housing, as co-grantees. The Agreement will incorporate by reference the representations and descriptions included in the Homekey Round 3 application. 2. Project Development Tasks. 2.1 During the Term, the Developer’s responsibilities, with the cooperation from City staff, include the followings tasks: a) Negotiate with property owner(s) and effectuate the purchase of the Project Site; b) Define a development schedule, including Project(s) milestones; c) Undertake all such environmental review required by the National Environmental Policy Act, as applicable, and acquire all use entitlements and/or permit approvals to place the Project Site in a condition ready for development and construction of the Project. d) Identify and obtain required funding sources for the Project. e) Assist the City in obtaining state funding made available for the purpose of acquiring the Project Site utilizing Homekey Round 3 funds and to apply for all other necessary Project financing; f) Prepare and carry out a scope of renovation work necessary to create housing for individuals and families who are experiencing homelessness or who are at-risk of           Page 242 of 346 homelessness that meets the criteria of Health and Safety Code section 50675.1.4; g) Implement all the requirements of Health and Safety Code section 50675.1.4 for the Project to be statutorily exempt from the California Environmental Quality Act; and h) At the conclusion of the tasks defined above, PSHH shall own, manage and operate the property throughout the required affordability periods pursuant to Homekey Program requirements and Health and Safety Code section 50675 et seq., which shall be no fewer than 55 years. 2.2 During the Term, the City will be a cooperative partner as the Lead Applicant for Homekey application funds. The City’s primary tasks will include: a) Obtain approvals required to apply for and receive Homekey program funding including execution of the Standard Agreement with HCD. b) Authorize and execute documents for required local match contribution. c) Acting as Responsible Entity, take actions necessary to obtain National Environmental Protection Act (NEPA) clearance. d) Participate in project meetings to stay abreast of project development activities and to facilitate communication as appropriate. 3. Developer Status. 3.1 Project Managers. The Project Manager for Developer will be PSHH. 3.2 Non-Assignability. With the exception of Developer-formed special purpose entity for ownership and or future low-income housing tax credit investment, Developer will not assign this Agreement or any portion thereof to a third party without the prior written consent of City, and any attempted assignment without such prior written consent will be null and void and will be cause, at City's sole and absolute discretion, for immediate termination of this Agreement. 3.3 Additional Financing. Development of the Project is a critical component of the City’s efforts towards addressing homelessness and facilitating safe housing for those experiencing or at risk of experiencing homelessness. Delays in development caused by Developer’s financial default will impede these efforts. In acknowledgment of this, Developer agrees that it will not pursue any debt funding or take any other action which would inure to any third party a financial interest in the Project without the City’s express written consent in advance thereof. 4. Indemnification. 4.1 Indemnity. Each Party to this Agreement shall defend, indemnify, and hold harmless the other Party, and their governing bodies, officials, officers, employees, and agents (“Indemnified Parties”) from and against all claims, suits, actions, losses, and liability of every kind (collectively, “Liability”), arising out of, connected with or resulting from the indemnifying Party’s negligence or willful misconduct in carrying out its respective obligations under this Agreement, except to the extent such Liability is caused by the negligence or willful misconduct of an Indemnified Party. This indemnification section shall survive termination of the Agreement.           Page 243 of 346 5. Miscellaneous. 5.1 Notices. Formal notices, demands, and communications between City and Developer must be given either by (i) personal service, (ii) delivery by reputable overnight document delivery service that provides a receipt showing date and time of delivery, or (iii) or by U.S. first class certified mail, return receipt requested, addressed to: To City: City Executive Office Attn: Timmi Tway, Community Development Director (805) 781-7187 ttway@slocity.org To Developer: Peoples’ Self-Help Housing Attn: Ken Trigueiro, CEO & President (805) 540-2453 kennetht@pshhc.org People’s Self-Help Housing Attn: Veronica Garcia, Chief Real Estate Development Officer 805.651.3592 veronicag@pshh.org Notices will be deemed effective upon receipt. Such written notices, demands, and communications will be sent in the same manner to such other addresses as any party may from time to time designate by mail. 5.2 Interpretation and Governing Law. The terms of this Agreement will be construed in accordance with the meaning of the language used and will not be construed for or against any party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. The section headings are for purposes of convenience only and will not be construed to limit or extend the meaning of this Agreement. Any action arising out of this Agreement shall be brought in the Superior Court of San Luis Obispo County, California. The validity, interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto and the rights and obligations of the Parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 5.3 Amendments. Any alteration, change, or modification of or to this Agreement must be in writing and signed by authorized representatives on behalf of each of the Parties. Substantial amendments to this Agreement may be subject to the approval of the City Council of San Luis Obispo. The City’s Community Development Director or designee is authorized to execute amendments to this Agreement on behalf of the City. 5.4 Counterparts. This Agreement may be executed in counterparts, each of which, after all the Parties hereto have signed this Agreement, will be deemed to be an original, and such counterparts will constitute one and the same instrument.           Page 244 of 346 5.5 Independent Status. As co-applicants to the Homekey Project, PSHH and the City are and shall at all times remain independent entities. The personnel performing the Services under this Agreement on behalf of each Party shall at all times be under their respective Party’s exclusive direction and control. Neither Party nor any of their officers, employees, or agents shall have control over the conduct of the other Party or any of their officers, employees, or agents, except as set forth in this Agreement. Neither Party shall incur nor have the power to incur any debt, obligation, or liability whatsoever against the other, or bind the other in any manner. 5.6 Confidentiality. Developer acknowledge and agree that the City is a public entity with a responsibility and, in many cases, a legal obligation to conduct its business in a manner open and available to the public. Accordingly, any information provided by Developer to City with respect to the Project Site, the Project or Developer may be disclosed to the public either purposely, inadvertently, or as a result of a public demand, request or order. 5.6 Time is of the Essence. Time is of the essence for each of Developers’ obligations under this Agreement. [SIGNATURES ON FOLLOWING PAGE]           Page 245 of 346 THE UNDERSIGNED AUTHORIZED REPRESENTATIVES of City of San Luis Obispo and People’s Self-Help Housing have executed this Agreement as set forth below: CITY OF SAN LUIS OBISPO By: , Derek Johnson, City Manager Date: PEOPLE’S SELF-HELP HOUSING By: Ken Trigueiro, President and CEO Date:              Page 246 of 346 R 11439 RESOLUTION NO. 11439 (2023 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AUTHORIZING JOINT APPLICATION TO, AND PARTICIPATION IN, THE HOMEKEY PROGRAM FOR THE CALLE JOAQUIN HOMEKEY PROJECT WHEREAS, the California Department of Housing and Community Development (“Department”) has issued a Notice of Funding Availability, dated March 29 , 2023 (“NOFA”), for the Homekey Program (“Homekey” or “Program”). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assembly. Bill No. 140 (2021-2022 Reg. Sess.), § 20.); and WHEREAS, The City of San Luis Obispo (“The City”) desires to jointly apply for Homekey grant funds with People’s Self-Help Housing Corporation (“Co-Applicant 1”), Calle Joaquin Homekey LLC (“Co-Applicant 2”), and Calle Joaquin LP (“Co-Applicant 3”). Therefore, The City is joining Corporation in the submittal of an application for Homekey funds (“Application”) to the Department for review and consideration of the Calle Joaquin Homekey Project located at 1433 Calle Joaquin; and WHEREAS, The Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code. Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department-approved STD 213, Standard Agreement (“Standard Agreement”), and all other legal requirements of the Homekey Program; and WHEREAS, Housing Element policies and programs encourage and support the construction of new affordable housing in the City; and WHEREAS, on July 24, 2023, the Council of the City of San Luis Obispo authorized the joint application to, and participation in, the Homekey program by adoption of Resolution No. 11329 (2023 Series). NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo to amend Resolution No. 11439 (2023 Series) and authorize the joint application to, and participation in, the Homekey program as follows: SECTION 1. Recitals. The recitals set forth above are hereby adopted as additional findings of the City in adopting the policies herein. SECTION 2. Environmental Review. As provided by Health and Safety Code section 50675.1. the guidelines allow for exemption of certain Round 3 Homekey Projects from the California Environmental Quality Act (CEQA). Evaluation of potential environmental impacts in accordance with CEQA will occur if during the application submittal or funding award it is determined that the project is not exempt per HSC section 50675.1.4. Page 247 of 346 Resolution No. 11439 (2024 Series) Page 2 R 11439 SECTION 3. Findings. The City Council, after consideration of the Homekey Program and staff recommendations, makes the following findings: 1. The City Manager or their designee is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds for an anticipated project cost not to exceed $22,000,000. Per the Homekey grant provisions, it is recommended to identify an authorized dollar amount that is at least double the anticipated award. In line with available funding allocation for the Central Coast Geographical Area, the total authorized amount shall not exceed $22,000,000. 2. If the Application is approved, the City Manager or their designee is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $22,000,000, any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the “Homekey Documents”). 3. The City acknowledges and agrees that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated in the Standard Agreement by reference and made a part thereof. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement. 4. The City Manager of the City of San Luis Obispo, or their designee, is authorized to execute the Application and the Homekey Documents on behalf of the City for participation in the Homekey Program and to execute such other documents and take such other actions consistent with the purposes of the grant as necessary to accept and comply with grant requirements and implement the project. NOW, THEREFORE, BE IT FURTHER RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. Findings. The City Council does hereby make the following findings in support of the proposed $400,000 AHF award: 1. Eligibility: Use of the AHF for the requested purpose will increase or improve the City’s affordable housing inventory and promote General Plan policies regarding housing, as follows: The Calle Joaquin Homekey Project will enable an increase to the City’s affordable housing inventory specifically for permanent supportive housing and implements several General Plan policies regarding housing. The project will Page 248 of 346 Resolution No. 11439 (2024 Series) Page 3 R 11439 increase the supply of affordable housing for extremely low, very low, and low income households with the conversion of 87 motel units to 50-75 permanent supportive housing units and associated supportive services. 2. Need: There exists a substantial or overarching need for the type of unit to be assisted, as follows: Housing needs in general are growing along the coastal areas , particularly for lower income households, which is exacerbating the Homelessness crisis. San Luis Obispo will benefit greatly from the Calle Joaquin Homekey Project development because it specifically provides critical permanent supportive housing units called for in both the City’s Homelessness Response Strategic Plan and the County of San Luis Obispo Countywide Plan to Address Homelessness. 3. Suitability: The project to be assisted is appropriate for its location both in terms of land use and design, as follows: The Calle Joaquin Homekey Project is appropriately suited for this location, both in terms of land use, adjacent bus routes, and proximity to services along Los Osos Valley Road, Madonna Road, South Higuera and Prado Road and will accommodate full-time on-site supportive services, management, and oversight. 4. Timing: The project would better serve the City’s needs if it were built immediately as opposed to later, as follows: The Calle Joaquin Homekey Project will be permitted and motel rooms converted and occupied within 15 months as allowed for and intended by the state Homekey Grant program to rapidly expand the inventory of housing for people experiencing homelessness or at risk of homelessness at the specified location. 5. Financial Effectiveness: But for the requested funding, the project would not be economically feasible; or AHF funding “leverages” significant additional funding from other sources, as follows: This is a highly effective use of the City’s Affordable Housing Funds , in the amount of $400,000, as it will leverage additional funding sources as they demonstrate local support and commitment to the development. These funding sources include the Homekey Grant Round 3 award for an anticipated project cost of $21,528,657; County of San Luis Obispo funding commitment in the amount of $2.6 million; Private Foundation funding in the amount of $800,000; $150,000 Wells Fargo Homekey Accelerator funding; and $164,329 Defe rred Developer Fee. Project financial feasibility is dependent upon the City’s Affordable Housing Funds. Page 249 of 346 Resolution No. 11439 (2024 Series) Page 4 R 11439 6. Readiness: The project is ready to proceed, as follows: Per Homekey Guidelines and City Zoning regulations, the proposed Calle Joaquin Homekey Project will not require discretionary approvals. Upon the award of a City Affordable Housing Fund award, PSHHC will be eligible to apply for additional public funding programs and other private activity bond financing. Should the project receive the Homekey Rou nd 3 Grant award, construction will start immediately with occupancy 15 months from award. Upon motion of Council Member ___________, seconded by Council Member ___________, and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this _____ day of _______________ 2024. ___________________________ Mayor Erica A. Stewart ATTEST: ______________________ Teresa Purrington, City Clerk APPROVED AS TO FORM: ______________________ J. Christine Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ______________________. ___________________________ Teresa Purrington, City Clerk Page 250 of 346