File #: 17-1008    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 10/27/2017 In control: City Council
On agenda: 11/14/2017 Final action:
Title: Request Rialto Housing Authority Approve (1) the First Amendment to the Affordable Housing, Financing and Disposition and Development Agreement by and between the Rialto Metrolink South Housing Partners LP and the RHA, and (2) the Amendment to the Promissory Note between the Rialto Metrolink South Housing Partners LP and the Rialto Housing Authority increasing the Debt from $250,000 to $450,000; Request the City Council Authorize (3) the Release of Request for Bid No. 18-052 for the Metrolink Parking Lot Expansion Project, City Project No. 170808; Request the City Council and the Rialto Housing Authority Approve a (4) Purchase and Sale Agreement conveying a portion of Rialto Housing Authority property situated on the north side of Bonnie View Drive and west of Riverside Avenue (APN 0130-021-33 and APN 0131-021-40) to the City of Rialto for total cost of $359,000. (ACTION)
Attachments: 1. Exhibit A - Map, 2. Exhibit B - Affordable Housing Agreement, 3. Exhibit C - Revised Site Plan, 4. Exhibit D - Letter, 5. Exhibit E - Predevelopment Budget, 6. Exhibit F - Appraisal, 7. Exhibit G - First Amendment to DDA (Rialto), 8. Exhibit H - Promissory Note Amendment, 9. Exhibit I - RFB 18-052 Notice Inviting Bids, 10. Exhibit J - PSA City-Authority 12-1-17, 11. Disclosures
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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For the City Council and Rialto Housing Authority Meeting [December 12, 2017]
TO: Honorable Mayor/Chair and City Council/Board Members
APPROVAL: Michael Story, City Administrator/Executive Director
FROM: Robb Steel, Assistant City Administrator/Development Services Director
Robert G. Eisenbeisz, P.E., Public Works Director/City Engineer

Title
Request Rialto Housing Authority Approve (1) the First Amendment to the Affordable Housing, Financing and Disposition and Development Agreement by and between the Rialto Metrolink South Housing Partners LP and the RHA, and (2) the Amendment to the Promissory Note between the Rialto Metrolink South Housing Partners LP and the Rialto Housing Authority increasing the Debt from $250,000 to $450,000; Request the City Council Authorize (3) the Release of Request for Bid No. 18-052 for the Metrolink Parking Lot Expansion Project, City Project No. 170808; Request the City Council and the Rialto Housing Authority Approve a (4) Purchase and Sale Agreement conveying a portion of Rialto Housing Authority property situated on the north side of Bonnie View Drive and west of Riverside Avenue (APN 0130-021-33 and APN 0131-021-40) to the City of Rialto for total cost of $359,000.
(ACTION)

Body
BACKGROUND:
On June 28, 2016, the Rialto Housing Authority (RHA) approved an Affordable Housing, Financing and Disposition and Development Agreement ("Agreement") by and between the Rialto Metrolink South Housing Partners LP ("Developer") and the RHA for development of a 64-Unit affordable housing rental project ("Project"). The Developer will construct the Project on an RHA site of 2.56 acres situated northerly of Bonnie View Avenue, westerly of Riverside Avenue, and southerly to the Metrolink Station (APN 0130-021-33 and APN 0131-021-40 or "Site"). The site map is attached hereto as Exhibit A and the approved Agreement as Exhibit B.

The Developer is a partnership of National Community Renaissance, Related California, and LaBarge Industri...

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