HomeMy WebLinkAbout2008-09-09 - AGENDA REPORTS - SCRDA LOAN HIDAWAY (2)Agenda Item: (�A _p* 2
CITY OF SANTA CLARITA
JOINT CITY COUNCIL / REDEVELOPMENT AGENCY
AGENDA REPORT ;
City Manager Approval:
NEW BUSINESS Item to be presented by: Erin Moore -Lay
DATE: September 9, 2008
SUBJECT: APPROVE LOAN OF SANTA CLARITA REDEVELOPMENT
AGENCY LOW/MOD SET-ASIDE FUNDS AND AFFORDABLE
HOUSING DEVELOPER FEE FUNDS TO MERCY HOUSING
CALIFORNIA FOR THE AQUISITION AND REHABILITATION
OF HIDAWAY APARTMENTS.
DEPARTMENT: Community Development
RECOMMENDED ACTION
City Council:
• Adopt a Resolution that the use of housing developer fee funds for the acquisition and
rehabilitation of Hidaway Apartments, which is outside the RDA project area, benefits the
Redevelopment Agency per Health and Safety Code 33334.2(g) and 3334.30).
• Approve the loan of $670,331 in developer fees to Mercy Housing California, subject to the
attached Terms and Conditions, to assist in the acquisition and rehabilitation of Hidaway
Apartments.
• Appropriate $670,331 from Developer Fee Fund Balance (Fund 306) to account
13002-5161.001.
• Authorize the City Manager and City Attorney to draft and execute loan documents and other
related agreements as needed based on the attached Resolution and Project Description.
Redevelopment Agency:
Adopt a Resolution that the use of the Santa Clarita Redevelopment Agency (RDA) low/mod
housing funds for the acquisition and rehabilitation of Hidaway Apartments, which is outside
the RDA project area, benefits the Redevelopment Agency per Health and Safety Code
33334.2(g).
ISP � � Od�D Adopted:° -�4
• Approve the loan of $2,079,255 in Redevelopment Agency low/mod housing funds to Mercy
Housing California, subject to the attached Terms and Conditions, to assist in the acquisition
and rehabilitation of Hidaway Apartments.
• Appropriate $2,079,255 from CRA-Low/Moderate Housing Fund Balance (Fund 391) to
account 13401-5161.001.
• Authorize the City Manager and City Attorney to draft and execute loan documents and other
related agreements as needed based on the attached Resolution and Project Description.
BACKGROUND
Hidaway Apartments is a 67 -unit apartment building in Canyon Country that currently has 14
units available at affordable rents. The affordability agreement governing the 14 units is with the
County of Los Angeles, which was entered into when the building was built in 1986. The
remaining 53 units are currently at market -rate. The building is structurally sound, but suffers
from significant deferred -maintenance issues, including peeling paint, broken bathroom and
kitchen cabinetry, damaged sinks, bathtubs, toilets, and counter tops, buckled concrete walkways,
and damaged garage doors.
Mercy Housing California (Mercy) has proposed to purchase and rehabilitate the Hidaway
Apartments and convert 100% of the units to affordable rental rates for families earning at or
below 50% and 60% of Area Median Income (AMI). Mercy has requested a loan from the City
and the Redevelopment Agency as part of the financing for the aquisition and rehabilitation.
Other funding sources include a re -issue of the existing Los Angeles County loan, a California
Housing Finance Authority (Ca1HFA) low-interest first mortgage loan, and Low Income Housing
Tax Credits (LIHTC). Specifics of the rehabilitation plan, project costs, and the financing plan
are contained in an attachment to this Agenda Report.
Mercy Housing California is a national non-profit affordable housing developer. They own and
operate 220 properties nationwide, with 7,000 units in California. An additional 5,404 units in
California are in the predevelopment stages. All Mercy projects in California are managed by the
John Stewart Management Company. Community Development staff have toured several of the
Mercy rental projects which are managed by the John Stewart Company and have found them to
be well-managed and well-maintained. Staff have evaluated the proforma for this project and are
satisfied that sufficient financial reserves will be set aside to keep the project in excellent
condition for the 55 year term of affordability. Staff have also reviewed the John Stewart
Company tenant selection process and building rules and regulations and believe that they will
ensure a building that will be operated in a manner that will make it an asset to the community.
In addition to providing 66 units of much-needed affordable" housing for Santa Clarita residents,
the structure of the loans to Mercy will give the Redevelopment Agency 33 affordable units to be
used as credit against future affordable housing unit production obligation, which is incurred
when market -rate development takes place in the RDA project area. These units also count
toward the affordable housing goals in the Regional Housing Needs Assessment (RHNA) and the
Housing Element of the City's General Plan.
The Hidaway Apartments are across the street from the Canyon Village Condominiums on
Hidaway Avenue. Mercy representatives have met with Canyon Village residents and the
Canyon Village Homeowners Association Board to explain the project and address their
concerns. Community Development management has met with representatives from the Canyon
Country Advisory Committee and provided an overview of the project as well.
The $670,331 in Affordable Housing Developer fees has an expenditure deadline of August
2009. If these funds are not committed to affordable housing by that time, they must be repaid to
the developer. The $2,079,255 in RDA low/mod housing funds has multiple expenditure
deadlines over the coming three years, the earliest of which is June 2009. Missing expenditure
deadlines for RDA low/mod housing funds can result in the forfeiture of RDA low/mod housing
funds to the Housing Authority of the County of Los Angeles,
ALTERNATIVE ACTIONS
Not approve the loans for Mercy Housing.
Other actions as directed by the City Councilor the Redevelopment Agency.
FISCAL IMPACT
Appropriate $670,331 from Developer Fee Fund Balance (Fund 306) to account
13002-5161.001.
Appropriate $2,079,255 from CRA-Low/Moderate Housing Fund Balance (Fund 391) to account
13401-5161.001.
ATTACHMENTS
Overview
Terms and Conditions
Resolution - City Council
Resolution - Redevelopment Agency
Request for Acquisition and Rehabilitation Loan
from Mercy Housing California
Fact Sheet
OVERVIEW
Mercy Housing California requests a loan of Affordable Housing Developer funds and
Redevelopment Agency low/mod housing funds to assist in the acquisition and rehabilitation of
Hidaway Apartments in Canyon Country.
❑ Loan of $2,749,586 — 3% interest — 30 year term — paid back from residual receipts
❑ Complete interior and exterior rehabilitation of project
❑ Convert from 14 affordable units to 66 affordable units (and one manager unit)
❑ Affordability maintained for 55 years
❑ The Agency will gain 33 affordable units to use as credit against RDA production
requirements through 2017.
PROPOSED PROJECT
Current Status of Hidaway Apartments
❑ Privately owned — offered for sale
❑ $1,600,000 County loan at construction — currently in default
❑ 67 -unit building (66 rentals and 1 manager unit), all 2 & 3 bedroom units
❑ Primarily town home style, pool, jacuzzi, small play areas, laundry rooms
❑ 14 units currently affordable at 80% AMI
Rehabilitation Plan
❑ Acquisition/Rehabilitation by Mercy Housing California
❑ Interior rehabilitation of all units
o Replace all bathroom vanities/countertops, kitchen cabinet doors, HVAC units,
dishwashers, kitchen faucets, DR ceiling light/fan, entry locks, garage doors,
electrical switches/receptacles/plates
o Replace most refrigerators, ranges/hoods, bathroom faucets, toilets, showerheads,
bathroom lights/heating units
o Repair/Replace many bathtubs, kitchen cabinets/countertops, kitchen sinks, waste
disposers, entry doors, carpet/vinyl
o Misc. — interior paint, smoke alarms
❑ Exterior rehabilitation of entire project
o Replace all wood fencing (with vinyl), wrought iron handrails and fencing
o `Paint all buildings
o Remodel swimming pool and spa
o Repair broken sidewalks
o Repair light poles, light fixtures, sub -panels
o Repair irrigation system
o Install controlled gate to trail system and accessibility ramps
❑ Convert to 100% affordability for 55 years
o 23 two-bedroom units @ 50% AMI
o 24 two-bedroom units @ 60% AMI
o 7 three-bedroom units @ 50% AMI
o 12 three-bedroom units @ 60% AMI
❑ Professional management by The John Stewart Management Company
Resident Status/Relocation
❑ Household income survey indicates that 31 units would need relocation assistance
❑ All relocated residents are eligible for 42 months of relocation assistance
❑ Professional relocation consultant — Overland, Pacific & Cutler Co.
FINANCING PLAN
Costs
Building Purchase
$7,846,250
Construction/Rehabilitation/Const. fees
$2,314,671
Survey/Engineering
$40,000
Financing Costs
$459,931
Attorney Fees/Appraisal
$63,000
Developer Fee & Costs
$1,295,300
Reserves
$212,982
Contingency
$104,650
Relocation Costs/Misc.
$1,245,379
TOTAL COSTS $13,582,163
Funding Sources
Ca1HFA Permanent Financing
$4,221,582
(low-interest first mortgage)
County of Los Angeles
$1,600,000
(residual receipts loan)
Ca1HFA Housing Assistance Trust — HAT
$700,000
(functions as a forgivable loan)
4% Low Income Housing Tax Credits
$3,403,132
City/Redevelopment Agency Loan
$2,749,586
(residual receipts loan)
Seller Credit on Sale
$100,000
Deferred Developer Fee
$643,300
Ihcome from Operations
$164,563
TOTAL FUNDING SOURCES $13,582,163
City Resources
❑ Centex developer funds available for this project - $670,331
❑ Total RDA low/mod funds available (non -bond proceeds) - $2,148,350
S ms/grants/hud/consolid/afJ`ordablehousmg/Mercy/Overview
Terms & Conditions
Mercy Housing California/Hidaway Development
1. THE PROJECT: The project sponsor will be a California limited
partnership of which an affiliate of Mercy Housing California will be the
managing General Partner. At the point of selecting a tax credit investor, the
tax credit investor will be the limited partner of the Limited Partnership. The
partnership will acquire, rehabilitate, and record affordability covenants on the
67 -unit apartment community known as Hidaway Apartments located on
Soledad Canyon Road at the southern end of Hidaway Avenue. The
partnership will rehabilitate all of the units and common areas and make
improvements and upgrades to the grounds, but will not alter the structure,
physical design, or unit count of the property, which is comprised of one level
of surface parking and a series of two (2) story buildings. There are currently
fourteen (14) units that have affordability covenants. At the end of the phased
rehabilitation process, fifty two (52) of the fifty three (53) remaining units will
be converted from market rate to covenant -restricted affordable units. The
one (1) remaining unit shall be set aside as a manager's unit.
14 existing affordable units + 52 market rate units converted to affordable
units + 1 manager's unit = 67 total units
2. TERMS OF AFFORDABILITY COVENANTS: Sixty six (66) of the sixty
seven (67) units will be deemed affordable via covenant restrictions for a
period of fifty five (55) years. The one (1) unit that will not receive an
affordability covenant will be reserved as a manager's unit. As outlined in the
Allowable Rents section, the rent on the manager's unit shall be determined
by Mercy Housing California.
3. ALLOWABLE RENTS: Because Agency funding is involved in this
project, as well as other funding sources that have separate allowable rent
schedules, allowable rents for this project will be determined by utilizing the
following rent table:
Type of Unit
4
Bg1R;;'3,BR
POW
Total Units
48
19
Lesser of RDA 50% or CALHFA 50%
10
4
Lesser of RDA 50% or TCAC 50%
13
3
Lesser of RDA 80% or TCAC 60%
24
12
Manager's Unit
1
4. AGENCY AND CITY FINANCIAL CONTRIBUTION: Santa Clarita
Redevelopment Agency (Agency) and City financial support for this project
will be capped at $2,749,586. Approximately $670,331 (24%) of this amount
will come -from the City Affordable Housing Developer Fees, and
approximately $2,079,255 (76%) of this amount will come from the Agency's
Low/Mod Housing Fund. General project savings realized by the partnership,
as outlined in the General Project Savings section may decrease this total
amount, savings realized from lower than expected relocation costs as
outlined in the Relocation Savings section, and the availability of Affordable
Housing Program funds, as outlined in the Affordable Housing Program
Savings section. The form of this financial support will come via a loan from
the Agency to the partnership which will be secured by a 4th Trust Deed and
from the City as a 5th Trust Deed from the Agency on the property being
-acquired and rehabilitated by Mercy Housing California (Assessor's Parcel
Number 2803-030-071). Repayment of this loan will equal the principal plus
annually accrued simple interest of three percent (3%). The schedule of
repayment, plus additional information relating to the Agency's recovery of
their loan is outlined in Distribution of Residual Receipts section. The exact
details of the sources of funds and methodologies of reimbursement shall be
spelled out in the loan documents.
5. DISTRIBUTION OF RESIDUAL RECEIPTS: Residual receipts derived
from this project shall be distributed to the various parties with a financial
interest in this project. Residual Receipts shall be calculated after Mercy has
received their Deferred Developer Fee ($643,300 of the total of $1,295,300 in
developer fees deferred until such time that funds are available for Mercy to
be repaid). CalHFA will receive 40% of the Residual Receipts realized
annually, prior to any other distribution of Residual Receipts. After CalHFA
has received their share of Residual Receipts, the County of Los Angeles,
Agency, and City shall receive their share on a pro rata basis, based on their
contribution to the project, as illustrated in the table below:
County of Los Angeles $1,600,000 37%
Redevelopment Agency $2,079,255 48%
City of Santa Clarita $670,331 15%
TOTAL $4,349,586
It is the responsibility of Mercy Housing California to ensure that the
distribution of residual receipts payments to the Agency, City, CALHFA, and
the County of Los Angeles is made as indicated above.
6. PARTNER ASSET MANAGEMENT FEE: In negotiations with the County,
the County has stipulated that the Partner Asset Management Fee shall be
capped at $15,000 in year one. In subsequent years, this amount shall be
increased by maximum 3.5%. The Partner Asset Management Fee shall be a
"cost" for purposes of calculating Residual Receipts.
7. GENERAL PROJECT SAVINGS: Any final net project savings shall be
determined by subtracting the total development costs, including any required
capitalized reserves, as shown on the cost audit prepared for the California
Tax Credit Allocation Committee, from the sum of all permanent sources of
funds, including all investor capital contributions. Net project savings shall be
applied to additional project rehabilitation work and the Deferred Developer
Fee and/or distributed to the City and/or other lenders as agreed upon by all
the project lenders.
8. RELOCATION SAVINGS: Based on changing trends in the rental market
and other varying factors directly related to calculating the total cost of
relocation, it is somewhat difficult to determine the exact amount of these
costs at this time. For this reason, the Agency/City is requiring a total
relocation budget of $953,116 to ensure that adequate funds will be available
for the project. The total amount of $953,116 will be contributed to the project
from the Agency funds. These funds are specifically marked for relocation
expenses only and shall be placed in a separate holding account. It is
recognized that residents have twelve (12) months from' the date of notice
that relocation will be required to file for relocation benefits and eighteen (18)
months to file an appeal. After this time period has expired and all relocations
have officially been closed, all funds remaining in the account from the total
budget of $953,116 shall be returned to the Agency on a dollar for dollar
basis.
9. AFFORDABLE HOUSING PROGRAM (AHP) SAVINGS: Late in the
negotiation process, Mercy Housing California removed funding from the AHP
from their list of funding so&ces due to the competitive nature of these funds.
Mercy Housing California will be required to apply for these funds within 90
days of City/Agency approval. Should Mercy Housing California receive any
AHP funds, then the total amount of those funds shall be reduced from the
total amount of Agency and City assistance on a dollar for dollar basis and
this amount shall be returned. The exact details and methodologies of
reimbursement shall be described to the Agency/City in the loan documents.
10. RELOCATION PLAN: As required by the California Relocation
Assistance Law (California Government code Section 7260 et seq) and the
California Relocation Assistance Real Property Acquisition Guidelines
(California Code of Regulations, Title 25 Chapter 6), public projects involving
significant residential displacement require the preparation of a relocation
plan subject to public review and the approval of the legislative body prior to
the undertaking of any displacing activity. Mercy Housing California, or its
designee, shall prepare the relocation plan for Agency review.
11. ANNUAL INSPECTIONS: The Agency and City shall reserve the right to
inspect the grounds, residential buildings, and other facilities of this project on
a yearly basis. This monitoring program shall begin within twelve (12) months
of project stabilization. The purpose of these inspections shall focus on
building and facility maintenance, landscaping and other external appearance
components, as well as items relating directly to health and safety
enforcement. Upon completion of the inspection, the Agency/City shall
prepare a written report and provide copies to Mercy Housing California. The
report will outline in detail any violations or maintenance that requires
immediate attention. Mercy Housing California shall have thirty (30) days to
respond in writing to the items outlined in the Agency/City report. If no
response from Mercy Housing California is received by the Agency/City within
thirty (30) days, then it shall be determined that every item outlined in the
Agency/City report shall be remediated within sixty (60) days after the original
thirty (30) day period to respond in writing to the original report has expired. If
after ninety (90) days from the date of the Agency/City report and remediation
efforts have not been completed to the satisfaction of the Agency, then the
Agency/City shall have a variety of tools at its disposal to address the
problems outlined in the report, including the removal of the management
company and new management appointed with joint consent from Mercy
Housing California.
12. AFFORDABILITY MONITORING: The Agency/City shall retain the right
to request and have the authority to review all relevant documents pertaining
to maintaining the affordability of the project. These documents shall include
but not be limited to income certification documents, the waiting list for units,
the current rent roll, and any other documentation provided to other funding
sources for purposes of verify the ongoing affordability of the project. The
City and Agency are not asking for a separate report, only to furnish to the
Agency/City any copies of reports provided to other funding sources.
13. AFFORDABILITY COMPLIANCE: When initially renting the units to new
tenants, Mercy Housing California will verify that all tenants are eligible and
meet all affordability requirements before entering into a lease agreement.
Furthermore, before extending any lease with any existing tenants in the
future, Mercy Housing California will recertify that the tenant still meets all
affordability requirements. 'If the tenant no longer meets the affordability
requirements, then Mercy Housing California shall not extend the lease and
the lease shall effectively terminate at the end of the lease period. In order to
enforce the ongoing affordability of this project, the Agency/City shall retain all
rights afforded to them including but not limited to accelerating the City and/or
Agency loan.
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA APPROVING THE USE OF AFFORDABLE HOUSING
DEVELOPER FEES FOR THE ACQUISITION AND REHABILITATION OF
HIDAWAY APARTMENTS AT
27077 HIDAWAY AVENUE, SANTA CLARITA
SECTION 1. RECITALS
WHEREAS, Mercy Housing California (the "Sponsor") wishes to acquire and
rehabilitate the apartment building known as the Hidaway Apartments, located at 27077 Hidaway
Avenue, Santa Clarita (the "Property") and record, an affordability covenant to provide 66 units
of family affordable housing; and
WHEREAS, the City finds that there is a need for affordable family housing within the
City of Santa Clarita; and
WHEREAS, the City further finds that the Property as it currently exists is blighted due
to its deteriorated condition—which deteriorated condition predates the acquisition of the
Property by the Sponsor; and
WHEREAS, Sponsor has explored the possibility of conventional financing for the
renovation, and has determined that only limited financing would be available due to the limited
income which would be generated from rental revenue if the Property was operated as an
affordable family project; and '
WHEREAS, after exploring all other public funding options, Sponsor has determined
that additional funds are need to complete the acquisition and rehabilitation of the Property; and
WHEREAS, the City has received Affordable Housing Developer fees as a result of
another market -rate development, which fees must committed to an affordable housing project by
August 2009; and
WHEREAS, the Affordable Housing Developer fees will be used to provide a
below-market rate loan to the Sponsor for the creation of affordable housing in which occupancy
of more than 40% of the units will be restricted to families earning not more than 80% of Area
Median Income; and
WHEREAS, the City wishes to assist in the acquisition and renovation in exchange for
operation of the Property as an affordable family project for not less than 55 years.
NOW THEREFORE, THE SANTA CLARITA CITY COUNCIL DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 2. Based upon the recitals herein, the staff report, the written materials and proposed
Terms and Condition presented with the staff report, and information presented orally to the City
Council, the City Council does hereby determine, pursuant to Health and Safety Code Section
33334.2(g), that the use of Agency low/mod set-aside funds outside of the Project Area, as
contemplated by the acquisition and rehabilitation of the Property is of benefit to the
Redevelopment Agency Project Area by virtue of the creation of affordable housing and the
elimination of a blighted property within the City of Santa Clarita. Renovation of the Property
will increase the City's overall stock of affordable housing
SECTION 3. The City Council further finds, pursuant to Health and Safety Code Section
33334.30) that the Sponsor has made good faith efforts to obtain private or commercial financing
for purposes of acquiring and renovating the Property, but is unable to obtain such financing to
maintain the level of affordability'and quantity of units contemplated herein.
SECTION 4. The City Council finds that pursuant to Labor Code 1720 (c)(6)(E) that the funds
will be used to provide a below-market rate loan to create housing in which more than 40% of
the units are available to families earning at or below 80% of Area Median Income.
SECTION 5. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this day of
11:
ATTEST:
CITY CLERK
2
MAYOR
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA)
I, Sharon L. Dawson, MMC, City Clerk of the City_ of Santa Clarita, do hereby certify that
the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a
regular meeting thereof, held on the day of , 2008, by the following
vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: ' COUNCILMEMBERS:
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution 08- , adopted by the City Council of the City of
Santa Clarita, California on 1 , 2008, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this day of
12008.
Sharon L. Dawson, MMC
City Clerk
By
Susan Caputo, CMC
Deputy City Clerk
0
RESOLUTION NO.
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA CLARITA APPROVING THE USE OF AGENCY LOW/MOD FUNDS
FOR THE ACQUISITION AND REHABILITATION OF HIDAWAY
APARTMENTS AT 27077 HIDAWAY AVENUE, SANTA CLARITA
SECTION 1. RECITALS
WHEREAS, Mercy Housing California (the "Sponsor") wishes to acquire and
rehabilitate the apartment building known as the Hidaway Apartments, located at 27077 Hidaway
Avenue, Santa Clarita (the "Property") and record an affordability covenant to provide 66 units
of family affordable housing; and
WHEREAS, the Agency finds that there is a need for affordable family housing within
the City of Santa Clarita; and
WHEREAS, the Agency further finds that the Property as it currently exists is blighted
due to its deteriorated condition—which deteriorated condition predates the acquisition of the
Property by the Sponsor; and
WHEREAS, Sponsor has explored the possibility of conventional financing for the
renovation, and has determined that only limited financing would be available due to the limited
income which would be generated from rental revenue if the Property was operated as an
affordable family project; and
WHEREAS, after exploring all other public funding options, Sponsor has determined
that additional, funds are need to complete the acquisition and rehabilitation of the Property; and
WHEREAS, the Agency wishes to assist in the acquisition and renovation in exchange
for operation of the Property as an affordable family project for not less than 55 years.
NOW THEREFORE, THE SANTA CLARITA REDEVELOPMENT AGENCY
BOARD DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 2. Based upon the recitals herein, the staff report, the written materials and proposed
Terms and Conditions presented with the staff report, and information presented orally to the
Agency Board, the Agency Board does hereby determine, pursuant to Health and Safety Code
Section 33334.2(g), that the use of Agency low/mod set-aside funds outside of the Project Area,
as contemplated by the acquisition and rehabilitation of the Property is of benefit to the Project
Area by virtue of the creation of affordable housing and the elimination of a blighted property
within the City of Santa Clarita. Renovation of the Property will increase the City's overall stock
of affordable housing
SECTION 3. The Agency Board further finds, pursuant to Health and Safety Code Section
33334.30) that the Sponsor has made good faith efforts to obtain private or commercial financing
for purposes of acquiring and renovating the Property, but is unable to obtain such financing to
maintain the level of affordability and quantity of units contemplated herein.
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this day of
11:
ATTEST:
SECRETARY
2
CHAIR
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA)
I, Sharon L. Dawson, MMC, Secretary of the Santa Clarita Redevelopment Agency, do
hereby certify that the foregoing Resolution was duly adopted by the Santa Clarita
Redevelopment Agency at a regular meeting thereof, held on the day of
, 2008, by the following vote:
AYES:
AGENCYMEMBERS:
NOES:
AGENCYMEMBERS:
ABSENT:
AGENCYMEMBERS:
SECRETARY
3
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution 08- adopted by the City Council of the City of
Santa Clarita, California on , 2008, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this day of
52008.
Sharon L. Dawson, MMC
City Clerk
By
Susan Caputo, CMC
Deputy City Clerk
4
0