HomeMy WebLinkAbout12/2/13 OVERSIGHT BOARD AGENDA PACKETSPECIAL MEETING OF THE OVERSIGHT BOARD
TO THE SUCCESSOR AGENCY
OF THE DISSOLVED BAKERSFIELD REDEVELOPMENT AGENCY
AGENDA
Monday, December 2, 2013
10:00 a.m.
City Hall North - Conference Room A
1600 Truxtun Avenue
Bakersfield, CA 93301
1. ROLL CALL
2. PUBLIC STATEMENTS
3. NEW BUSINESS
a. Minutes of the September 30, 2013 special meeting
b. A Resolution of the Oversight Board to the Successor Agency of the Dissolved
Bakersfield Redevelopment Agency ratifying previous transfer of a specified housing
asset to the City of Bakersfield
4. BOARD COMMENTS
5. ADJOURNMENT
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE DISSOLVED BAKERSFIELD REDEVELOPMENT AGENCY
AGENDA REPORT
MEETING DATE: December 2, 2013 1 AGENDA ITEM: 3.a 1
TO: Members of the Oversight Board
FROM: Successor Agency Staff
SUBJECT: Minutes of the September 30, 2013 special meeting
RECOMMENDATION: Staff recommends approval of the minutes.
BACKGROUND:
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OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE DISSOLVED BAKERSFIELD REDEVELOPMENT AGENCY
AGENDA REPORT
MEETING DATE: December 2, 2013 J AGENDA ITEM: _*i_h_
TO: Members of the Oversight Board
FROM: Successor Agency Staff
SUBJECT: A Resolution of the Oversight Board to the Successor Agency of the Dissolved
Bakersfield Redevelopment Agency ratifying previous transfer of a specified
housing asset to the City of Bakersfield
RECOMMENDATION:
Staff recommends adoption of the Resolution.
BACKGROUND:
On March 10, 2011, the Bakersfield Redevelopment Agency (the "Former RDA ")
transferred a specified real property, located in the City of Bakersfield identified as APN 014-
270 -17 (the "Property "), to the City of Bakersfield (the "City "). The intent of the transfer was to
allow the City to complete the redevelopment of the Property and increase the supply of
affordable housing in the City. To that effect, the City, acting in its capacity as the Housing
Successor to the former RDA, negotiated and executed a disposition and development
agreement between the City and the Housing Authority of the County of Kern (the "Housing
Authority ") under which, the Housing Authority will be required to develop 50 units of
affordable housing on the Property. Under the DDA, the City has also committed to fund $3.6
million in Neighborhood Stabilization Program funds and HOME Program funds to make the
project financially feasible, and the Housing Authority is providing $450,000 of its own funds to
the project.
Under AB 1x 26 and AB 1484 (collectively, the "Redevelopment Dissolution Statutes "),
upon the dissolution of the Former RDA on February 1, 2012, all rights, powers, duties,
obligations, and "housing assets" (as defined in Section 34176(e)) of the Former RDA
transferred to the City (as the entity that retained the housing assets and function previously
performed by the Former RDA under Health and Safety Code Section 34176(a) (1)).
Health and Safety Code Section 34176(e) (1) defines "housing assets" to include any
real property, whether improved or not, that was acquired for low- and moderate - income
housing purposes, regardless of the source used to pay for the acquisition. The Property is a
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AGENDA REPORT Page 2
"housing asset," as defined in Health and Safety Code Section 34176(e)(1), because it is a
parcel of real property acquired for low- and moderate - income housing purposes. The Former
Agency acquired the Property for affordable housing purposes, evidenced by:
(1) the Former Agency's use of eminent domain power to acquire the
property in 2003 and 2004 to construct a mixed -use senior housing
and commercial center project that would expand the available
senior housing facilities in the plan area by 50 units; and
(2) the Former RDA's previous disposition of the Property in 2006 to the
Baker Street Village LLC under a disposition and development
agreement for the Baker Street Village mixed -use affordable housing
development.
Because the Property was transferred to the City prior to the February 1, 2012, staff has
recommended that the Oversight Board approve and ratify the transfer of the Property to the
City as authorized under Health and Safety Code Sections 34176, 34177(g), and 34181(c), as a
means of formalizing the validity of the transfer of the Property, a Housing Asset under Health
and Safety Code Section 34176(e) (1), to the City as Housing Successor under the
Redevelopment Dissolution Statutes. The project should proceed after this action. As with
other Oversight Board actions, this action will be subject to the State Department of Finance's
review and approval.
JHR /vl
Attachments:
1. Public Notice
2. Resolution
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