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File #: CC-19-810    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 7/29/2019 In control: City Council
On agenda: 8/13/2019 Final action:
Title: Request the City Council and the Rialto Housing Authority Board to Set a Public Hearing on September 10, 2019, to Conduct a Joint Public Hearing to Consider Approving: (1) an Affordable Housing Agreement between the Rialto Housing Authority and Rialto Jackson LP, and (2) the Purchase and Sale Agreement between Rialto Jackson LP and the City of Rialto (acting for the Rialto Successor Agency) for a proposed affordable housing project at the northeast corner of Willow Avenue and West Jackson Street.
Attachments: 1. Exhibit A - Site Map, 2. Exhibit B - DRAFT - Jackson Financial Gap Analysis - 07.03.19 - DRAFT.pdf, 3. Exhibit C - NOTICE OF JOINT PUBLIC HEARING -Jackson Housing Project.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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For City Council, the City of Rialto, Acting as the Successor to the Redevelopment Agency, and the Rialto Housing Authority Meeting (August 13, 2019)

TO: Honorable Mayor/Chair and City Council/Board
APPROVAL: Rod Foster, City Administrator/Executive Director
FROM: Robb Steel, Assistant CA/Development Services Director

Title
Request the City Council and the Rialto Housing Authority Board to Set a Public Hearing on September 10, 2019, to Conduct a Joint Public Hearing to Consider Approving: (1) an Affordable Housing Agreement between the Rialto Housing Authority and Rialto Jackson LP, and (2) the Purchase and Sale Agreement between Rialto Jackson LP and the City of Rialto (acting for the Rialto Successor Agency) for a proposed affordable housing project at the northeast corner of Willow Avenue and West Jackson Street.


Body
BACKGROUND:
In 2000, the former Redevelopment Agency ("RDA") acquired two parcels (APN # 0127-311-15 and 16) consisting of approximately 17,400 square feet situated at the northeast corner of Willow Avenue and Jackson Street ("Jackson/Willow Parcels"). The RDA received the parcels at no cost from a developer that previously intended to rehabilitate the two multi-family buildings for an affordable housing project. The RDA thereafter expended $50,000 to demolish both buildings. In 2012, the Rialto Successor Agency ("RSA") assumed control of the Jackson/Willow Parcels upon dissolution of the former RDA in accordance with the California Redevelopment Dissolution Act ("CRDA"). The approved Long Range Property Management Plan designates the Jackson/Willow Parcels for "Liquidation for the Benefit of the Taxing Entities", requiring the sale and distribution of the proceeds on a pro-rata basis to approximately 13 taxing entities.

The Rialto Housing Authority ("RHA") implemented a three-phase acquisition and rehabilitation project with LaBarge Industries in the 300 West Block of Jackson Street consisting of 46 affordable units (known as...

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