Convene

1:30:10 PM

The Housing Authority of the City of Santa Rosa met in regular session at 1:30 p.m. on the 23^rd  day of August, 2010, in the Council Chamber, City Hall, 100 Santa Rosa Avenue, Santa Rosa, California

Roll Call

Present:  Chairman Olsen, Commissioners Arnone, Evans, Lemke, and Herrera.  Absent:  None.  Also in attendance Economic Development and Housing Director, David Gouin, Economic Development and Housing Managers Nancy Gornowicz, Carmelita Howard, and Danielle O’Leary, Program Specialist Megan Basinger and Marjorie Jackson, Legal Counsel Molly Dillon, and Recording Secretary Shirley Stevens.

Public

 Appearances

John Lowry, Burbank Housing Development Corporation, spoke regarding the Density Bonus Program.  His written comments were included in the report on July 29.  He offered additional comments:  more things should be done with program make it available to inclusionary housing, changing resale restriction for low-income ownership housing and reexamine like-for-like requirements if density bonus to be incentive to creating additional affordable housing.  It’s limited and constricted by present ordinance and should be reviewed.

Acknowledgements and Announcements

None

Statements of

Abstention

None

Approval of

Minutes

Moved by Commissioner Evans, seconded by Commissioner Lemke, carried 5-0-0-0, to approve the Minutes of July 1 and carried 4-0-0-1 (Commissioner Herrera abstained due to absence) to approve the Minutes of July 29, 2010, as submitted.

Chairman/

Commissioner

Reports

None

Committee

 Reports

None

Staff Report

Nancy Gornowicz provided a report on the Santa Rosa Housing Lending Activities currently in progress and the projects funded and in progress.

Consent

Items

1:40:42 PM

Moved by Commissioner Arnone, seconded by Commissioner Evans, carried

5-0-0-0, to adopt and waive the reading of the text of the resolution in Item No. 9.1 as follows:

Item No. 9.1

REQUEST TO

APPROVE

 THE

EXTENSION

 OF THE CONSTRUCTION COMMENCEMENT

AND

COMPLETION

DATES FOR CATALINA HOMES

 LOCATED AT

2740 DUTTON

MEADOW

In July 2007, the Housing Authority approved a land acquisition and predevelopment loan for Dutton Village, which consists of Amorosa Village I – 97 multifamily rental units, Amorosa Village II – 53 multifamily rental units, and Catalina Homes – 60 self-help ownership units (Project), the subject of this request.  To assist with the Project, the Housing Authority received a $5,000,000 loan from California Housing Finance Agency’s (CalHFA) Residential Development Loan Program (RDLP) for a five (5) year term, the funds were then lent to Burbank Housing Development Corporation (BHDC) for Catalina Homes for a term of four and one half (4 ½) years.  CalHFA provided the Housing Authority with a nine month extension of the loan term.  BHDC is requesting that the Housing Authority extend the term of the loan and extend the construction commencement and completion dates for Catalina Homes.

 RESOLUTION NO.  1493   ENTITLED:  RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ROSA APPROVING THE EXTENSION OF THE CONSTRUCTION COMMENCEMENT AND COMPLETION DATES FOR CATALINA HOMES LOCATED AT 2740 DUTTON MEADOW – Loan No. 9930-1895-08

Item No. 10.1

REQUEST TO

EXTEND THE

LOAN TERM

AND

THE CONSTRUCTION COMMENCEMENT

AND

COMPLETION

DATES FOR

RIVERSIDE

CHARITABLE CORPORATION’S KAWANA

SPRINGS

APARTMENTS

LOCATED

AT 766

KAWANA

SPRINGS ROAD

1:41:10 PM

Megan Basinger made the staff presentation.  Riverside Charitable Corporation and USA Properties Fund, Inc. (Borrower) are acquiring a 2.04 acre parcel located at 766 Kawana Springs Road in southeast Santa Rosa (Project).  The site will be developed with 42 units, 41 of which are targeted to households at 30%, 50% and 60% of area median income and one unrestricted manager’s unit.  To date, the Housing Authority has approved a loan and a further advance totaling $1,650,000 at 3% interest for a term of 30 years.  Borrower is requesting that the Housing Authority extend the term of the loan from 30 to 35 years and provide a three year extension of the construction commencement and completion dates for the Project and allow for four (4), one (1) year extensions provided that Borrower presents to the Housing Authority prior to each extension date a report containing discussion of the status of the Project and demonstrating the diligent pursuit of nine percent (9%) tax credits or similar financing programs necessary to fund the Project as soon as financially feasible. 

Moved by Commissioner Lemke, seconded by Commissioner Evans, carried 5-0-0-0, to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1494  ENTITLED:  RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ROSA APPROVING AN EXTENSION OF THE LOAN TERM AND EXTENSIONS TO THE CONSTRUCTION COMMENCEMENT AND COMPLETION DATES FOR RIVERIDE CHARITABLE CORPORATION’S LOAN IN TNE AMOUNT OF $1,650,000 FOR KAWANA SPRINGS APARTMENTS LOCATED AT 766 KAWANA SPRINGS ROAD, LOAN NOS. 9014-2025-09 AND 9914-2085-09

Item No. 10.2

LOAN

REQUEST

FROM

BURBANK

HOUSING DEVELOPMENT CORPORATION

FOR A

FURTHER

ADVANCE

OF $500,000

FOR LANTANA

PLACE – 2975 DUTTON MEADOW

1:49:58 PM

Megan Basinger made the staff presentation.  Burbank Housing Development Corporation (BHDC) is developing an affordable, rental complex at 2975 Dutton Meadow in southwest Santa Rosa (Project).  Initially, BHDC proposed a 100-unit complex, but design work and approvals that have been granted to the Project are for a 96-unit complex, 94 units of which are targeted to households at 30% and 50% of area median income and two unrestricted managers’ units.  To date, the Housing Authority has provided $1,878,703; the requested further advance would result in a total loan of $2,373,703.

 Moved by Commissioner Herrera, seconded by Commissioner Arnone, carried

5-0-0-0, to adopt and waive the reading of the text as follows: 

RESOLUTION NO.  1495  ENTITLED:  RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ROSA APPROVING A FURTHER ADVANCE IN THE AMOUNT OF $500,000 TO BURBANK HOUSING DEVELOPMENT CORPORATIN TO ASSIST IN THE PRE-DEVELOPMENT OF LANTANA PLACE AT 2975 DUTTON MEADOW, LOAN NOS. 9932-2075-10, 9032-1825-07 AND 9932-1835-07

Written Communications

1:59:26 PM

Commissioners commented on legal services due to McDonough Holland & Allen disbanding.  Mr. Gouin said the department will stay with the legal counsel who have moved to Best Best & Krieger, LLP to maintain continuity of services.

Adjournment

2:02:01 PM

With no other business to come before the Housing Authority, Chairman Olsen adjourned the meeting at 2:02 p.m.

Shirley Stevens, Recording Secretary