Reso. No. ____
RESOLUTION NO. ____
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING
AUTHORITY OF THE CITY OF RICHMOND, CALIFORNIA, DESIGNATING [insert name] AS THE PREFERRED DEVELOPMENT TEAM FOR THE
REDEVELOPMENT AND OPERATION OF NYSTROM VILLAGE, AND
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN
EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT WITH A TERM NOT TO EXCEED NINETY (90) DAYS, WITH AN OPTION FOR ONE MUTUALLY APPROVED EXTENSION OF NOT MORE THAN THIRTY (30) DAYS
WHEREAS, Richmond Housing Authority (RHA) owns and manages the Nystrom Village development which consists of 100 units of rental public housing located on the nine- acre, four-block area bounded by Florida and Virginia Avenues and South 13th and South 16th Streets; and
WHEREAS, RHA entered into a Public Housing Authority Recovery and Sustainability (PHARS) agreement with the U.S. Department of Housing and Urban Development (HUD) that addresses, among other things, the repositioning and redevelopment of Nystrom Village; and
WHEREAS, RHA remains obligated and committed to performing all HUD-required functions, and providing quality service to local program participants; and
WHEREAS, on December 4, 2018, the RHA Board of Commissioners directed staff to move forward with repositioning RHA' s public housing developments and other real estate holdings; and
WHEREAS, the 2019 PHARS Agreement and Action Plan with HUD (Tasks 4.1 - 4.4 ), requires the repositioning of Nystrom Village as an implementing action to reposition the RHA Public Housing portfolio; and
WHEREAS, on May 15, 2024, RHA issued a Request for Qualifications for the redevelopment and operation of Nystrom Village; and
WHEREAS, on August 21, 2024, RHA received proposals from three (3) qualified development teams; and
WHEREAS, an interdepartmental review panel composed of staff members and two community residents convened to review and evaluate the proposals; and
WHEREAS, on December 2, 2024, the RHA Board of Commissioners heard presentations from the two top development teams, designated [insert name] as the preferred development team, and authorized the RHA executive director to negotiate an Exclusive Right to Negotiate Agreement (ERNA); and
WHEREAS, entering into an ERNA facilitates the repositioning of Nystrom Village by making clear the terms for the redevelopment of the property.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE
HOUSING AUTHORITY OF THE CITY OF RICHMOND, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA, [insert name] is hereby selected as the preferred development team, and the executive director of the RHA is hereby authorized to negotiate and execute an ERNA for the redevelopment and operation of Nystrom Village with [insert name] .
BE IT FURTHER RESOLVED that the Executive Director is hereby authorized to negotiate and execute the ERNA, negotiate documents pertaining to the redevelopment of the property, including a lease disposition and development agreement, a ground lease, a loan agreement, and related documents, and take all actions necessary to implement this resolution.
Reso. No. ____
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The foregoing resolution was passed and adopted by the Commissioners of the Housing Authority of the City of Richmond at a special meeting thereof held on December 3, 2024, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
Chairperson
[SEAL]
Attest:
Secretary
Approved as to form:
City Attorney
State of California }
County of Contra Costa : ss.
City of Richmond }
I certify that the foregoing is a true copy of Resolution No. _____ finally passed and adopted at a Special Housing Authority Meeting held on December 3, 2024.
____________________________________
CLERK OF THE HOUSING AUTHORITY