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Minutes, special joint meeting

South Gate City Council
August 23, 2022

Document
Minutes, special joint meeting
Meeting
August 23, 2022
Body
South Gate City Council
Pages
3
Original file
718 KB
Text extracted from the city's file for reading and search. Open the original on cityofsouthgate.granicus.com. That file is the official record.

CITY OF SOUTH GATE

CITY COUNCIL & HOUSING AUTHORITY

SPECIAL JOINT MEETING

MINUTES
TUESDAY, AUGUST 23, 2022

CALL TO ORDER
ABSENT

CLOSED SESSION
The Special Joint meeting of the City Council & Housing Authority was called to order by Mayor/Chairperson Rios at 5:30 p.m.

Yodit Glaze, City Clerk/Recording Secretary
Mayor/Chairperson Al Rios, Vice Mayor/Vice Chairperson Maria del Pilar Avalos, Council/Authority Member Maria Davila, Council/Authority Member Denise Diaz, and Council/Authority Member Gil Hurtado; City Manager/ Executive Director Chris Jeffers, City Attorney/Authority Counsel Raul F. Salinas, Director of Community Development/ Secretary Meredith Elguira
Greg Martinez, City Treasurer
The Council/Authority Members recessed into Closed Session at 5:38 p.m. and reconvened at 6:43 p.m. with all Members of Council present. City Attorney/Authority Counsel Salinas reported the following:

ROLL CALL

PRESENT

1. CONFERENCE WITH LEGAL COUNSEL-REAL PROPERTY

NEGOTIATIONS
Pursuant to Government Code Section 54956.8
Property APN:

Property Address:

City Negotiator:

Negotiating with:

Under Negotiation:
6222-014-023
8931 Dudlext Ave., South Gate, CA 90280
Chris Jeffers, City Manager/Executive Director
SG Realty
Terms of Sale/Subordination Agreement
On item 1, City Manager gave a presentation with respect to a request that the City and Housing Authority enter into a Subordination Agreement with South Gate Realty. After the presentation by the City Manager, there was no reportable action taken.

Mayor/Chairperson Rios asked if anyone in the audience and zoom wished to speak on this item. Seeing no one step forward; Mayor/Chairperson Rios closed the audience portion.

SPECIAL JOINT CITY COUNCIL & HOUSING AUTHORITY MEETING MINUTES OF AUGUST 23, 2022

OPEN SESSION
1 REAL PROPERTY
ADMIN

The City Council unanimously approved items A, B, & C by motion of Council Member Hurtado and seconded by Council Member Davila.

ROLL CALL: Council Member Davila, yes; Council Member Diaz, yes; Council Member Hurtado, Vice Mayor Avalos, yes; Mayor Rios, yes. a. Approving the Subordination Agreement with SG Realty Group, Inc., for the real property located at 8931 Dudlext Avenue, South Gate, and the Amended and Restated Agreement (Contract No. 3173); and b. Authorizing the Mayor to execute the Subordination Agreement and the Amended and Restated Agreement in a form acceptable to the City Attorney; and
c. Authorizing the Director of Community Development to act as an agent for the City and execute any additional documents required to implement the Subordination Agreement and the Amended and Restated Agreement.

The Housing Authority unanimously approved items A, B, & C by motion of Authority Member Hurtado and seconded by Authority Member Davila.

ROLL CALL: Authority Member Davila, yes; Authority Member Diaz, yes; Authority Member Hurtado, Vice Chairperson Avalos, yes; Chairperson Rios, yes.
a. Approving the Subordination Agreement with SG Realty Group, Inc., for the real property located at 8931 Dudlext Avenue, South Gate, and the Amended and Restated Agreement (Contract No. 2015-02-HA); and
b. Authorizing the Executive Director of the Housing Authority to execute the Subordination Agreement and the Amended and Restated Agreement in a form acceptable to the Legal Counsel; and c. Authorizing the Secretary to the Housing Authority to act as an agent for the Authority and execute any additional documents required to implement the Subordination Agreement and the Amended and Restated Agreement.

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SPECIAL JOINT CITY COUNCIL & HOUSING AUTHORITY MEETING MINUTES OF AUGUST 23, 2022
Chris Jeffers, City Manager/Executive Director stated that in 1996 the SG Realty Group under a HUD loan agreed to develop twenty senior unit housing and that required a thirty-year affordability covenant under HUD standard guidelines. That affordability agreement is set to expire in November 2026. The developer will often refinance the project and it requires the government loan subordinated to the bank loan. One was done in 2007 and 2015. The Amended and Restated Agreement is a compromised and thanked SG Realty for working with the city. This will also guarantee protection to the renters.

Mayor/Chairperson Rios asked if anyone in the audience and zoom wished to speak on this item. Seeing no one step forward; Mayor/Chairperson Rios closed the audience portion.
2 COMMENTS FROM

THE AUDIENCE -
NON-AGENDA ITEMS None
3 REPORTS AND COMMENTS
FROM CITY OFFICIALS None
ADJOURNMENT Council/Authority Member Davila unanimously adjourned the meeting at 6:43 p.m. and seconded Council/Authority Member Hurtado.

PASSED and APPROVED this 14th day February 2023.
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ATTEST•

Maria del Pilar Avalos, Mayor/Chairperson Yodi e, City Clerk

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