X:\Resolutions\2022\Housing\Approving DDA for Fuller Center.docx 1 RESOLUTION NO. 2022-_______
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF MERCED, CALIFORNIA,
APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT BETWEEN THE
CITY OF MERCED AND THE FULLER CENTER
FOR HOUSING OF MERCED COUNTY AND
MAKING RELATED APPROVALS UNDER
SECTION 33433 OF THE CALIFORNIA HEALTH
AND SAFETY CODE
WHEREAS, the City of Merced (“City”) is the owner of certain properties located at 1744 “I” Street (APN 031-161-001), 26 West 18th Street (APN 031-163- 005), 49 West 18th Street (APN 031-084-011), and 150 West 19th Street (APN 031-082-002) in Merced, California (the “Properties”);
WHEREAS, the Properties were purchased by the former Merced Redevelopment Agency (the “Agency”) with Low and Moderate Income Housing Funds in accordance with Community Redevelopment Law (Health and Safety Code or “HSC” Sections 33000 et seq.);
WHEREAS, on June 29, 2011, the legislature of the State of California (the “State”) adopted Assembly Bill x1 26 (together with Assembly Bill 1484 and Senate Bill 107, the “Dissolution Law”), which dissolved redevelopment agencies in the State, including the Agency;
WHEREAS, pursuant to the Dissolution Law, the City agreed to become the housing successor to the Agency;
WHEREAS, the Properties were transferred to the City pursuant to a housing asset transfer form approved by the California Department of Finance on February 25, 2013;
WHEREAS, after following the California Surplus Land Act, the City released a request for proposals for the sale of the Properties and desires to convey the Properties to The Fuller Center for Housing of Merced County (the “Developer”) for the purpose of developing four (4) to five (5) units of ownership housing restricted for sale to very low income households (the “Project”);