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I I II Housing Coordinator Jones-Thomas presented the staff report and described the objectives of the program, the criteria for qualification, and the issue of keeping the units - affordable over the life of the Redevelopment Plan, to January 17, 2024. In response to Council questions, Housing Coordinator Jones-Thomas described the marketing policies and third party administrator. Director Sanfilipo requested that the term "dependent children" be changed to read "dependents" to allow for the situation in which a person who was responsible for hislher parent could qualify for financial assistance. Assistant Redevelopment Agency Attorney Sorba advised that the latter case could qualify under a different criterion of the program, Section H, a stable relationship. City Attorney Sthritker explained why certain definitions were used, and described some of the additive factors, such as access to funds by the elderly dependent, which would create complex situations that would affect the qualification of the care person. City Attorney Schricker advised that the Program could be adopted and later amended, and asked the Agency Directors for direction in this regard. MEMO 1/214/95 Director Sanfilipo expressed his concern regarding lack of criteria prohibiting 2nd deeds of trust going behind certain types of first deeds of trust, to protect the interests of the City and the Agency. Assistant Redevelopment Agency Attorney Sorba advised that the proposed resolution addressed that issue by allowing for different language in the final documents. Mayor Gasparini asked Director Sanfilipo to meet with Housing - Coordinator Jones-Thomas and Assistant Redevelopment Agency Attorney Sorba to discuss this matter further and decide if the Program should be amended at a future date. MEMO 1/214/95 TITLE READ. MIS: HARTNE'IT/STEINFELD RESOLUTION NO. RD 95-01 APPROVING FIRST TIME HOMEBUYER PROGRAM DESCRIPTION AND RESALE RESTRICTIONS; AND, DIRECTING STAFF TO BRING BACK TO THE AGENCY FOR DISCUSSION AN AMENDMENT OF PRIORITIES WHICH WOULD INCLUDE DEPENDENT PARENTS AS WELL AS DEPENDENT MINORS ADOPTED BY UNANIMOUS ROLL CALL VOTE. ---------------- ------------------------ --------- B. Redevelopment Agency Budget, FY 1994/95 REPORT: Redevelopment Agency Executive Director Church, January 23, 1995 Redevelopment Agency Exetutive Director Church presented the staff report and justification for transferring $50,000 from the unappropriated fund balance to General Administration to fund the position of Contract Housing and Economic Development - Specialist I. Regular Redevelopment Agency Meeting Minutes MINUTE BOOK NO. 53 January 23,1994 Page No. 249 Page 2