Res. 2022-XX Page 1 of 2
RESOLUTION NO. _______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FREMONT AUTHORIZING A LOAN IN THE AMOUNT OF $1,000,000
MILLION IN CONNECTION WITH THE BELL STREET GARDENS
AFFORDABLE APARTMENTS DEVELOPMENT AND MAKING
FINDINGS OF CEQA EXEMPTION
WHEREAS, Resources for Community Development (RCD) has extensive Bay Area and Fremont-specific experience in affordable housing development and property management, with demonstrated success in leveraging City dollars to secure outside funding; and
WHEREAS, RCD also has experience in working with various service providers in Fremont and Alameda County, and plans to offer an array of on-site services for residents of the Bell Street Gardens Affordable Apartments project; and
WHEREAS, the City wishes to award a total of $1,000,000 in Federal HOME funds to the project as part of the loan to RCD; as such, funding will not be distributed for this project until appropriate National Environmental Policy Act (“NEPA”) review and clearance is completed; and
WHEREAS, on November 20, 2018, the City Council adopted a Mitigated Negative Declaration for a General Plan Amendment, Rezoning and Discretionary Design Review Permit for the development of this project, located at 4101 Mowry Avenue and comprising the Bell Street Gardens Affordable Apartment project; and
WHEREAS, no further CEQA review is required because none of the circumstances specified in CEQA Guidelines Section 15162 necessitating preparation of subsequent environmental review are present or have occurred; , and, as a separate and independent basis, the action is exempt pursuant to, without limitation (1) CEQA Guidelines Section 15378 (fiscal activities that do not involve commitment to a specific project that will result in any significant physical impact on the environment),; and/or (2) Section 15061(b)(2) (the funding decision has no possibility of significant effect on the environment).
NOW, THEREFORE, BE IT RESOLVED that by the City Council of the City of Fremont, as follows: hereby
SECTION 1. The City Council finds that the above Recitals are true and correct and have served, together with the Staff Report, as the basis for the findings and approvals set forth belowherein.
SECTION 2. BE IT FURTHER RESOLVED that, theThe City Council hereby authorizes the City Manager or his designee to execute loan documents (including, without limitation, a loan agreement, a Regulatory Agreement, a promissory note and a deed of trust) and Formatted: Indent: First line: 0.5"
Res. 2022-XX Page 2 of 2
take such other actions as required to provide a loan in the amount of $1 million $1,000,000 to Resources for Community Development (or a Limited Partnership created by RCD expressly for purposes of this project) for the development of the Bell Street Gardens Affordable Apartments project.
SECTION 3. BE IT FURTHER RESOLVED that thisThis Resolution shall become effective immediately upon its passage and adoption.
ADOPTED ______________ 2022 by the City Council of the City of Fremont by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________________
Mayor
ATTEST:
__________________________________
City Clerk
APPROVED AS TO FORM:
_________________________________
City Attorney