City Hall, Council Chamber

100 Santa Rosa Avenue

Santa Rosa, CA

City of Santa Rosa

Housing Authority

Regular Meeting Minutes - Final

Monday, January 24, 2022

1:30 PM

1. CALL TO ORDER

Chair Test called the meeting to order at 1:31PM.

2. ROLL CALL

7 -

Present

Chair Diane Test, Vice Chair Jeffrey Owen, Commissioner Stephen

Burke, Commissioner Wayne Downey Ph. D, Commissioner Thomas

LaPenna, Commissioner Scott McWhorter, and Commissioner

Yvonne Rawhouser

3. STATEMENTS OF ABSTENTION

NONE

4. STUDY SESSION

Megan Basinger, Director of Housing and Community Services,

introduced item 4.1.

4.1

FY 2022/23 BUDGET PROCESS AND PUBLIC INPUT

Early each year, the Housing Authority holds a study session to obtain

feedback and comments from the Housing Authority Commissioners and

public regarding the annual budget process. Staff will provide an

overview of the budget process timeline and anticipated trends for the

coming year.

Megan Basinger, Director of Housing and Community Services, and

Kate Goldfine, Administrative Services Officer Housing and

Community Services, provided information and answered

Commissioner questions.

Public Comments:

NONE

5. PUBLIC COMMENTS (ON NON-AGENDA ITEMS)

NONE

6. APPROVAL OF MINUTES

6.1

December 13, 2021 - Draft Minutes

Approved as submitted.

7. CHAIRMAN/ COMMISSIONER REPORTS

NONE

8. COMMITTEE REPORTS

NONE

9. EXECUTIVE DIRECTOR REPORTS/ COMMUNICATION ITEMS:

9.1

COMMUNICATION - PENDING DEVELOPMENT PIPELINE UPDATE

Provided for information.

Megan Basinger, Director of Housing and Community Services,

reported on staffing in the Housing and Community Services

Department, the Pending Development Pipeline, and answered

Commissioner questions.

Elizabeth Durham, Program Specialist Housing and Community

Services, responded to Commissioner questions regarding

inspection staffing.

Nicole Rathbun, Interim Manager Housing and Community Services,

responded to Commissioner questions regarding Pending

Development Pipeline.

Public Comments:

NONE

10. CONSENT ITEMS

NONE

11. REPORT ITEMS

Megan Basinger, Director of Housing and Community Services,

introduced item 11.1.

11.1

REPORT - BENNETT VALLEY APARTMENTS - MODIFICATION TO

PRIOR FUNDING COMMITMENT TO ALLOW $2,000,000 OF

PREDEVELOPMENT LOAN FUNDS TO BE SECURED BY A

REPAYMENT GUARANTY UNTIL THE PROPERTY IS PURCHASED

BY DEVELOPER AND TO ALIGN THE TERM OF THE NOTE WITH

THE TERM OF AFFORDABILITY

BACKGROUND: On May 10, 2021, the Housing Authority adopted

Resolution No. 1717 conditionally committing loan funds in the amount

of $5,800,000 for construction-related costs for the Project. On June 21,

2021, the Housing Authority approved Resolution No. 1719 allowing the

award to also be utilized for pre-development costs. The developer,

Freebird Development Company, LLC, has requested $2,000,000 for

predevelopment-related costs to be secured by a repayment guaranty

until the property is purchased from the City, at which time the full

award of $5,800,000 would be secured against the property by a deed

of trust. The developer also requested the term of the note align with

the term of affordability for the Project, which is 55 years from

commencement of term.

RECOMMENDATION: It is recommended by the Housing and

Community Services Department that the Housing Authority, by

resolution, allow $2,000,000 of the conditional commitment of loan

funds for predevelopment-related costs to be secured by a repayment

guaranty until the property is purchased by the developer, and to align

the term of the note with the term of affordability.

Julie Garen, Program Specialist Housing and Community Services,

gave a presentation and answered Commissioner questions.

Nicole Rathbun, Interim Manager Housing and Community Services,

assisted in answering Commissioner questions.

Megan Basinger, Director of Housing and Community Services,

assisted in answering Commissioner questions.

Jeff Berk, General Counsel Housing and Community Services,

assisted in answering Commissioner questions.

Public Comments:

Robin Zimbler, Manager and Owner of Freebird Development,

responded to Commissioner questions regarding the proposed

modification of funds.

A motion was made by Vice Chair Owen, seconded by Commissioner

Downey Ph. D,to waive reading of the text and adopt

RESOLUTION NO. 1733 ENTITLED: RESOLUTION OF THE HOUSING

AUTHORITY OF THE CITY OF SANTA ROSA APPROVING A MODIFICATION

TO A PRIOR FUNDING COMMITMENT OF FUNDS IN THE AMOUNT OF

$5,800,000 TO FREEBIRD DEVELOPMENT COMPANY, LLC, FOR BENNETT

VALLEY APARTMENTS TO ALLOW $2,000,000 OF PREDEVELOPMENT

COSTS TO BE SECURED BY A REPAYMENT GUARANTY UNTIL THE

PROPERTY IS PURCHASED BY DEVELOPER AND MODIFICATION TO THE

TERM OF THE NOTE TO ALIGN WITH THE TERM OF AFFORDABILITY.

The motion carried by the following vote:

7 -

Yes:

Chair Test, Vice Chair Owen, Commissioner Burke, Commissioner

Downey Ph. D, Commissioner LaPenna, Commissioner McWhorter

and Commissioner Rawhouser

12. ADJOURNMENT

Seeing no further business, Chair Test adjourned the meeting at

2:46PM.