HAYWARD CITY COUNCIL
RESOLUTION NO. 22-____
Introduced by Council Member __________
RESOLUTION AUTHORIZING THE CITY MANAGER TO: 1) APPLY FOR AN AWARD FROM THE CALIFORNIA HOUSING ACCELERATOR PROGRAM FROM THE CALIFORNIA STATE DEPARTMENT OF HOUISNG AND COMMUNITY HOUSING ACCELERATOR PROGRAM; 2) ENTER INTO A STANDARD AGREEMENT WITH THE CALIFORNIA SATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT CALIFORNIA HOUSING ACCELERATOR PROGRAM; AND 3) ACCEPT AN AMOUNT NOT TO EXCEED $50 MILLION TO SUPPORT THE PIMENTEL PLACE DEVELOPMENT FOR 57 UNITS OF AFFORDABLE HOUSING WHEREAS, the California Department of Housing and Community Development ("Department"), as authorized by Chapter 6.6 (commencing with Section 50672) of Part 2 of Division 31 of the Health and Safety Code, has issued a Project Solicitation and Guidelines, dated February 28, 2022, under its California Housing Accelerator program (“Solicitation”); and WHEREAS, City of Hayward (“Public Entity”) is authorized and directed to submit an application in response to the Solicitation (the “Application”); and WHEREAS, the Department will make a conditional commitment of California Housing Accelerator funds in reliance on the representations in that Application (the “California Housing Accelerator Loan”).
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hayward, that the Public Entity is hereby authorized and directed to act in connection with the Department’s award of the California Housing Accelerator Loan; and BE IT FURTHER RESOLVED, by the City Council of the City of Hayward that the City Manager is hereby authorized and directed to submit a joint application with EAH, Inc., to the Department’s Housing Accelerator Program for an award of the California Housing Accelerator Loan to support the Pimentel Place Development of 57 units of affordable housing; and BE IT FURTHER RESOLVED, that in connection with the California Housing Accelerator Loan, the City Manager is authorized and directed to enter into, execute, and deliver a Standard Agreement in an amount not to exceed $50 million and any and all other documents required or deemed necessary or appropriate to secure the California Housing Accelerator Loan from the Department and to participate in the California Housing Accelerator program, and all amendments thereto (collectively, the “California Housing Accelerator Loan Documents”); and BE IT FURTHER RESOLVED, that the Public Entity acknowledges and agrees that the City shall be subject to the terms and conditions specified in the Standard Agreement, and that the Solicitation and the Standard Agreement will be incorporated in the Standard Agreement by reference and made a part thereof. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures, uses, and activities identified in the Standard Agreement; and BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to execute the Application, Standard Agreement, and the California Housing Accelerator Loan Documents on behalf of the Public Entity.
IN COUNCIL, HAYWARD, CALIFORNIA _______________________, 2022 ADOPTED BY THE FOLLOWING VOTE:
AYES: COUNCIL MEMBERS:
MAYOR:
NOES: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ATTEST: _______________________________________
City Clerk of the City of Hayward
APPROVED AS TO FORM:
_________________________________________
City Attorney of the City of Hayward
ATTACHMENT II
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