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CRA - 137RESOLUTION NO. CRA -137 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND HABITAT FOR HUMANITY OF ORANGE COUNTY WHEREAS, the Cypress Redevelopment Agency "Agency is a public body, corporate and politic, organized and existing under the California Community Redevelopment Law (Health Safety Code §33000 et seq.) "CRL and WHEREAS, by previous action duly and regularly taken, the City of Cypress "City adopted the Redevelopment Plan for the Cypress Merged and Amended Project Area as amended from time to time "Redevelopment Plan which Redevelopment Plan delineates the Cypress Merged and Amended Project Area "Project Area and WHEREAS, Agency staff has negotiated a Disposition and Development Agreement "DDA by and between the Agency and Habitat for Humanity of Orange County, a California nonprofit public benefit corporation "Developer relating to that certain real property owned by Agency comprising approximately 1 acre of land area located at 6122 Lincoln Avenue within the Project Area "Site and WHEREAS, the DDA provides for Agency to convey the Site to Developer to facilitate the development of an affordable residential townhome project on the Site "Project which Project is consistent with the Redevelopment Plan for the Project Area; and WHEREAS, Health and Safety Code Section 33433 requires that the Agency prepare a Summary Report prior to disposing of property located in a redevelopment project area and that the Agency Board and City Council conduct a noticed joint public hearing with respect to the DDA, and that the approval of the DDA be accompanied by certain findings and determinations as set forth herein; and WHEREAS, a Summary Report for the DDA has been prepared and, on the 23 day of May, 2011, the Agency Board and the City Council held a joint public hearing on the proposed DDA at which time the Agency Board and the City Council reviewed and evaluated all of the information, testimony and evidence presented during the public hearing; and WHEREAS, a Categorical Exemption has been prepared for the proposed Project in accordance with the provisions of the California Environmental Quality Act and the State CEQA Guidelines; and WHEREAS, the City will post and record the Categorical Exemption for the proposed Project in compliance with the California Environmental Quality Act and the State CEQA Guidelines. NOW THEREFORE, the Board of the Cypress Redevelopment Agency hereby resolves as follows: 1. That the above Recitals are true and correct and incorporated herein and made a part hereof. 2. That the Agency does hereby find and determine as follows: a. The DDA effectuates the purposes of the CRL and the Redevelopment Plan, is in the best interests and welfare of the City of Cypress, and is of benefit to the Project Area and the City of Cypress. b. The Agency's conveyance of the Site to Developer will result in the development of fifteen (15) affordable townhome units. c. The Agency's conveyance of the Site is consistent with the Agency's adopted 2010 -2014 Implementation Plan, in that (i) the pursuit of residential development of the Agency owned Site is specifically referred to in the Implementation Plan (Ch. IV, 2.C), (ii) the promotion of affordable housing projects and programs to enhance and increase the community's supply of quality affordable housing is specifically addressed in the goals and objectives of the Implementation Plan (Ch. IV, 2.A, 2.B, and 2.C; Ch. V, 2), and (iii) the Implementation Plan identifies programs specifically proposed to increase the supply of affordable housing and to eliminate blighting conditions (Ch. IV, 4.A, and Ch. V, 5.B). d. The consideration for the Agency's disposition of the Site to Developer is not less than the fair re -use value of the Site with the covenants, conditions, and development costs required by the DDA. 3. That the DDA by and between Agency and Developer, a copy of which is on file with the Secretary of the Agency, is hereby approved. 4. That the Agency Chairperson is authorized and directed to sign the DDA on behalf of the Agency. 5. That the Agency's Executive Director is authorized and directed to execute such other documents, including but not limited to the exhibits attached to the DDA, and to take such other and further actions, as may be necessary and proper to carry out the terms of the DDA and the purpose of this Resolution. 6. That the Agency Board, in the exercise of its independent judgment, has considered the Categorical Exemption prepared for the Project and finds that it reflects the independent judgment and analysis of the Agency Board and that it was prepared in accordance with the requirements of the California Environmental Quality Act. Based on that independent review and analysis, the Agency Board hereby approves the Categorical Exemption prepared for the Project. ADOPTED AND APPROVED by the Cypress "edevelopm t Agency of the City of Cypress at a regular meeting held on the 23� day of 2011. ATTEST: SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY HAI'�' RSON OF THE CYPRESS DEVELOPMENT AGENCY STATE OF CALIFORNIA COUNTY OF ORANGE SS I, DENISE BASHAM, Secretary of the Cypress Redevelopment Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said Agency held on the 23 day of May 2011; by the following roll call vote: AYES: 5 AGENCY MEMBERS: Bailey, Luebben, Narain, Seymore, and Mills NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None stebokami SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY