HomeMy WebLinkAboutRDA Res 06-09 2006-07-24
RESOLUTION NUMBER 06-09
A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE ON BEHALF OF THE AGENCY THE "AGREEMENT
FOR REIMBURSEMENT OF COSTS TO REVIEW ALL
NECESSARY DOCUMENTS FOR THE PROPOSED OWNERSHIP
TRANSFER OF THE SEAL BEACH TRAILER PARK TO A NON-
PROFIT PUBLIC BENEFIT CORPORATION AS A LIMITED
EQUITY CORPORATION"
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WHEREAS, The Loftin Firm, representing the Seal Beach Trailer Park Residents
Association, Inc. (SBTPRA) has submitted an application to the California
Department of Housing and Community Development, Mobilehome Park
Resident Ownership Program (MPROP) for funding to assist in the
financing of a proposed ownership transfer of the Seal Beach Trailer Park
to a non-profit public benefit corporation as a limited equity corporation.
The application submittal to MPROP is 2 volumes, containing 39
attachments and consists of approximately 1,200 pages; and
WHEREAS, The initial MPROP financing for this project took over 2 years to
complete and extensive commitments of Agency staff, Agency Counsel,
and consultant resources were required to shepherd that financing through
the review and approval process by MPROP. Although the process is not
expected to be as complicated or time consuming, there is still a potential
for significant allocation of resources to ensure that if the proposed
transfer is to be accomplished, that the interests and concerns of the
Agency are adequately represented and addressed; and
WHEREAS, Entering into this agreement will establish the reimbursement process for
all costs incurred by the Agency in reviewing the proposed documentation
for this project to ensure that the positions and responsibilities of the
Redevelopment Agency are either maintained or revised in the most
appropriate marmer, consistent with the provisions of California
Redevelopment Law, the current regulations and financing agreements,
and the direction of the Agency.
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NOW, THEREFORE BE IT RESOLVED that the Seal Beach Redevelopment
Agency does hereby authorize the Executive Director to execute on behalf of the Agency
the "Agreement for Reimbursement of Costs to Review all Necessary Documents for the
Proposed Ownership Transfer of the Seal Beach Trailer Park to a Non-Profit Public
Benefit Corporation as a Limited Equity Corporation".
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the
City of Seal Beach at a meeting thereof held on the 24th day of Julv , 2006.
AYES: Agency Memb,ers ~ilxJ.ltfJ/)AAJilrJi~(~/b1JLJ, ?f~
NOES: Agency M~mb.ers. . ~..1
ABSENT: AgenCYM;~b;rs 7~J I
ABSTAIN: Agency Members 7Q.#nJ
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Chairman
Resolution Number 06-09
ATTEST:
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Linda Devine, Agency Secretary
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STATE OF CALlFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, Linda Devine, Secretary of the Seal Beach Redevelopment Agency do hereby certify
that the foregoing resolution is an original copy of Resolution Number 06-09 on file in
the Office of the Seal Beach City Clerk, passed, approved and adopted by the Seal Beach
Redevelopment Agency at a meeting thereof held on the 24th day of Julv, 2006.
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Linda Devine, Agency SeCretary
Seal Beach Redevelopment Agency
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