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Home My WebLink AboutRDA AG PKT 2005-04-25 #2 e - AGENDA REPORT DATE: April 25, 2005 TO: Chairperson and Members of the Redevelopment Agency THRU: John B. Bahorski, Executive Director FROM: Lee Whittenberg, Director of Development Services SUBJECT: AUTHORIZATION OF CHANGE OF PROPERTY MANAGEMENT FIRM - SEAL BEACH TRAILER PARK SUMMARY OF REQUEST: Adopt Resolution No. , A Resolution of the Seal Beach Redevelopment Agency Consenting to a Change of Property Management Firms for the Seal Beach Trailer Park. BACKGROUND: LINC Housing submitted a request on March 30, 2005 requesting a change in the property management firm at the Seal Beach Trailer Park to Pacific West Management effective May 1, 2005. City staff has reviewed the provisions of the "Regulatory Agreement (Seal Beach Mobilehome Park "), between the Agency and Linc Community Development Corporation, recorded on December 20, 2000 to ensure compliance with the Regulatory Agreement in the requested transfer of property management responsibilities. Article 5 ( "Property Management and Maintenance "), Section 5.1 ( "Management Responsibilities ") states: "The Owner is responsible for all management functions with respect to the Property including, but not limited to, the selection of Resident Households, certification of household size and income, certification of the ages of all household members pursuant to any lawful senior housing requirements, evictions, collection of rents and deposits, maintenance, landscaping, routine and extraordinary repairs, replacement of capital items, and security. The Agency shall have no responsibility for or over management of the Property. The Owner shall retain a professional property management company approved by the Agency in its reasonable discretion to perform its management duties hereunder. A resident manager shall also be retained, if required by law. Agenda Item ,, Z:\My Documents\RDA \Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report.doc\L.W\04 -13 -05 • Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 The Agency hereby approves LINC Community Management Services as the initial Management Agent." Pacific West Management manages real estate with an estimated value in excess of $1 billion and annual scheduled income of more than $100 million. They are strictly a fee based management firm without competing ownership of interests in the assets they manage. They maintain a regional corporate office in Irvine and currently manage of have managed approximately 90 projects in California, comprising in excess of 16,000 housing units, and ranging in size from 36 to 585 units. Management experience in Orange County is in the cities of Anaheim, Buena Park, Costa Mesa, Fullerton, Garden Grove, Huntington Beach La Habra, and Santa Ana. They also manage properties in Arizona, Colorado, Louisiana, Oklahoma, Texas, and Washington. A copy of the agreement transmittal letter from LINC Housing and background information provided by LINC on Pacific Management West is provided as Attachment 2. Based on a review of the documentation provided, it is recommended that the requested change of the property management firm for the Seal Beach Trailer Park be approved through the adoption of Redevelopment Agency Resolution No. , A Resolution of the Seal Beach Redevelopment Agency Consenting to a Change of Property Management Firms for the Seal Beach Trailer Park FISCAL IMPACT: No impacts to the Agency. As indicated within Section 5.1 of the Regulatory Agreement between the Agency and Linc, "The Agency shall have no responsibility for or over management of the Property." RECOMMENDATION: Adopt Resolution No. , A Resolution of the Seal Beach Redevelopment Agency Consenting to a Change of Property Management Finns for the Seal Beach Trailer Park. NO •OD AP ROV/P fe e Whittenberg John B. I: ahorski, Executive Director Director of Development Servic- Redev; opment Agency 2 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 Attachments: (2) Attachment 1: Resolution No. , A Resolution of the Seal Beach Redevelopment Agency Consenting to a Change of Property Management Firms for the Seal Beach Trailer Park Attachment 2: "Seal Beach Trailer Park — Property Management Change ", letter from LINC Housing, dated March 30, 2005 with attachments 3 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 ATTACHMENT 1 RESOLUTION NO. , A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY CONSENTING TO A CHANGE OF PROPERTY MANAGEMENT FIRMS FOR THE SEAL BEACH TRAILER PARK 4 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 RESOLUTION NO. A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY CONSENTING TO A CHANGE OF PROPERTY MANAGEMENT FIRMS FOR THE SEAL BEACH TRAILER PARK The Redevelopment Agency of the City of Seal Beach hereby resolves as follows: SECTION 1. The Redevelopment Agency hereby approves the requested change in property management firms to Pacific West Management in accordance with the provisions of Article 5, Section 5.1 of the "Regulatory Agreement (Seal Beach Mobilehome Park) ", between the Agency and LINC Community Development Corporation, recorded on December 20, 2000. SECTION 2. The Agency hereby directs the Chairman of the Redevelopment Agency to execute as "Authorized Signatory" on the letter request from LINC Housing, dated March 30, 2005. SECTION 3. The City Clerk shall certify to the passage and adoption of this resolution. PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the City of Seal Beach at a meeting thereof held on the day of , 2005, by the following vote: AYES: Agency Members NOES: Agency Members ABSTAIN: Agency Members ABSENT: Agency Members CHAIRMAN 5 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 ATTEST: SECRETARY STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of the City of Seal Beach, California, and Secretary to the Seal Beach Redevelopment Agency, do hereby certify that the foregoing resolution is the original copy of Resolution Number on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach Redevelopment Agency at a regular meeting thereof held on the day of 2005. Linda Devine, City Clerk/Secretary Seal Beach Redevelopment Agency 6 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report Seal Beach Trailer Park — Consent to Change in Property Management Firm to Pacific West Management Redevelopment Agency Staff Report April 25, 2005 ATTACHMENT 2 "SEAL BEACH TRAILER PARK - PROPERTY MANAGEMENT CHANGE ", LETTER FROM LINC HOUSING, DATED MARCH 30, 2005 WITH ATTACHMENTS 7 Seal Beach Trailer Park .Prop Manager Change.RDA Staff Report March 30, 2005 LINC Mousing John Bahorski City Manager 110 Pine Avenue. Suite 500 Long Beach. CA 9080_ 44__ City of Seal Beach Telephone: 562.684.1100 211 Eighth Street Facsimile: 562.684.1137 Seal Beach, CA 90740 www.Iinchousing.org Subject: Seal Beach Trailer Park — Property Management Change SERVING Dear John, OUR COMMUNITIES As part of the due diligence process for the properties in the LINC Housing THROUGH p 9 p p P 9 HousING Corporation portfolio, we opened_the bidding process for property management of the above referenced property. After reviewing both the current management and the new proposals, we have determined that CORPORATE OFFICERS Pacific West Management is best suited for the property management of Hunter L. Johnson the Seal Beach Mobile Home Park President Regulatory Agreement with the City of Seal Tanya re K. Fisher Pursuant to section 5.1 of the Re g ry g ty Vice President Beach, we are requesting authorization below, for a change in property management effective May 1, 2005. Enclosed, for your review, is a BOARD OF DIRECTORS synopsis of Pacific West Management detailing the company's extensive Alta Duke, Chair qualifications in multifamily affordable housing management. James Heimler Vice Chair Thank you for taking the time to address this matter. We will forward you Donald F. McIntyre copies of all fully executed documents. Should you have any questions or Secretary concerns, please contact me at (562) 684 -1138, or you may reach Ms. Dean Ambrose Julia Moore, Asset Manager at (562) 684 -1105. Treasurer • Fred Kahane Sincerely, Past Chair 1 92 (jto R ichard N. Berger 411/1 Yvonne Braithwaite -.� Burke Tanya Fisher Eileen Pollack Erickson Vice President Dee Hardison Director of Finance and Asset Management Michael Messina Robert J. Norris, Jr. cc: Dr. Paul Yost, Mayor, City of Seal Beach Mark Pisano Beth Renge Janes R. Walther Authorized Signatory, City of Seal Beach Date e Nst ete /I Print Name