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07/22/2013 <br />ORIGINAL <br />RESOLUTION NO. 15282 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION <br />OF AGREEMENT IN CONNECTION WITH THE ACQUISITION OF <br />PROPERTY LOCATED AT 105 5TH AVENUE FOR AFFORDABLE <br />HOUSING DEVELOPMENT (MENTAL HEALTH ASSOCIATION <br />OF SAN MATEO COUNTY) <br />WHEREAS, pursuant to Section 570.201 of the Code of Federal <br />Regulations for the Community Development Block Grant Program (CDBG) <br />Program, funding assistance may be used to fund eligible activities to be carried <br />out by private non-profit entities which are duly organized to undertake affordable <br />housing development or public agencies; and <br />WHEREAS, in consideration for providing the CDBG funds or the use of <br />the proceeds thereof, Mental Health Association of San Mateo County (MHA) <br />has agreed to record a certain Declaration of Affordability Covenants in the form <br />attached hereto as Exhibit "B" (the "Affordability Covenants") on the Property, <br />which Affordability Covenants shall provide that the Project will be CDBG- <br />assisted and restricts income and rent of the CDBG- assisted units such that this <br />Project remain continuously affordable to low income persons for a specified <br />period of time; and <br />WHEREAS, the City's Consolidated Plan and Housing Element goals <br />include expanding the supply of affordable housing; and <br />WHEREAS, MHA provides certain services through programs, including <br />the program described in Exhibit "A" ("Program & Project Description"), attached <br />hereto and made a part hereof; and <br />WHEREAS, MHA has applied for funding assistance under the CDBG <br />Program to acquire property located at 105 5t" Avenue in unincorporated City of <br />Redwood City to be used to build affordable permanent supportive housing for <br />very low income disabled adults; and <br />WHEREAS, on July 22, 2013 the City Council of Redwood approved Four <br />Hundred Thousand and no/100 Dollars ($400,000.00) in CDBG funds for MHA <br />ATTY/RESO.2889/MHA ACQUISITION <br />REV: 07-12-13 VR <br />Page 1 of 2 <br />RESO.# 15282 <br />MUFF # 608 <br />