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File #: 21-0333    Version: 1 Name: AUTHORIZATION FOR THE CITY OF SANTA ROSA TO BECOME AN ADDITIONAL MEMBER OF THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
Type: CC- Report Status: Agenda Ready
File created: 3/30/2021 In control: City Council
On agenda: 4/27/2021 Final action:
Title: REPORT - AUTHORIZATION FOR THE CITY OF SANTA ROSA TO BECOME AN ADDITIONAL MEMBER OF THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CSCDA) COMMUNITY IMPROVEMENT AUTHORITY, APPROVING ISSUANCE OF REVENUE BONDS BY THE CSCDA COMMUNITY IMPROVEMENT AUTHORITY, AND AUTHORIZATION TO ENTER INTO A PUBLIC BENEFIT AGREEMENT FOR THE ACQUISITION OF ACACIA ON SANTA ROSA CREEK APARTMENTS AT 4656 QUIGG DRIVE, SANTA ROSA BACKGROUND: Approval of this item will allow the City of Santa Rosa (City) to join California Statewide Communities Development Authority (CSCDA) Community Improvement Authority (Authority) as an Additional Member under Section 12 of the CSCDA Joint Exercise of Powers Agreement (JPA Agreement). The Authority is a statewide Joint Powers Authority that funds community public benefit projects throughout the state, is proposing to acquire the Acacia Apartments located at 4656 Quigg Drive, for conversion from market-rate to income and rent restricted rental housing for middle-in...
Sponsors: Housing and Community Services
Indexes: Not a Project
Code sections: 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Form of Public Benefit Agreement - CSCDA CIA[19276].pdf, 3. Resolution, 4. Exhibit A - JPA - CSCDA Community Improvement Authority_Executed, 5. Exhibit B - Form of Public Benefit Agreement - CSCDA CIA[19276].pdf, 6. Presentation
Related files: 21-0734