HomeMy WebLinkAboutR-11168 approving the reallocation of Affordable Housing Funds upon resale of the affordable housing unit located at 1664 Foreman CourtR 11168
RESOLUTION NO. 11168 (2020 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING THE REALLOCATION OF
AFFORDABLE HOUSING FUNDS UPON THE MARKET-VALUE
RESALE OF THE AFFORDABLE HOUSING UNIT LOCATED AT 1664
FOREMAN COURT TO THE HOUSING AUTHORITY OF THE CITY OF
SAN LUIS OBISPO TO ASSIST WITH THE ACQUISITION OF THE
EXISTING PROPERTY
WHEREAS, the City Council of the City of San Luis Obispo convened via teleconference
on October 6, 2020, for the purpose of considering a request for Affordable Housing Fund (AHF)
assistance; and
WHEREAS, the proposed project by the Housing Authority of the City of San Luis Obispo
(HASLO) meet the eligibility criteria established by the City Council; and
WHEREAS, Housing Element policies and programs encourage and support the
preservation of existing affordable housing in the City; and
WHEREAS, the City Council has duly considered all evidence, including the testimony
of the applicant, interested parties, and the evaluation and recommendations by staff at the said
meeting.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows:
SECTION 1. AHF Reallocation to HASLO for Acquisition of 1664 Foreman Court. The
City Council does hereby approve a reallocation of AHF in an amount not to exceed the total
amount of payment to be returned back to the City from the market-value resale of 1664 Foreman
Ct., subject to the following condition of approval:
1. Prior to the close of escrow of 1664 Foreman Court, the City and HASLO will enter
into an Affordable Housing Agreement and Declaration of Restricted Covenants
evidencing the AHF award and rental provisions, which will be recorded on title of the
property.
Resolution No. 11168 (2020 Series) Page 2
R 11168
SECTION 2. Environmental Determination. The California Environmental Quality Act
does not apply to the recommended action in this report, because the action does not constitute a
“Project” under CEQA Guidelines Sec. 15378.
Upon motion of Council Member Christianson, seconded by Vice Mayor Gomez, and on
the following roll call vote:
AYES: Council Member Christianson, Pease, Stewart, Vice Mayor Gomez, and
Mayor Harmon
NOES: None
ABSENT: None
The foregoing resolution was adopted this 6th day of October 2020.
____________________________________
Mayor Heidi Harmon
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