ATTACHMENT #1
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF THOUSAND OAKS AUTHORIZING THE TRANSFER
OF OWNERSHIP OF 12 CONEJO BOULEVARD TO 12
CONEJO LP AND APPROVING AMENDMENT OF THE
STANDARD AGREEMENT FOR HOMEKEY FUNDS
WITH THE STATE DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT TO ADD 12 CONEJO LP
AS A CO-GRANTEE
WHEREAS, The State Department of Housing and Community
Development (“Department”) has issued a Notice of Funding Availability, dated September 9, 2021 (“NOFA”), for the Homekey Program (“Homekey” or “Program”). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assem. Bill No. 140 (2021- 2022 Reg. Sess.), § 20.); and
WHEREAS, on January 25, 2022, the City Council granted authority to the City Manager to execute a standard agreement and any and all other documents with the Department as deemed necessary or appropriate to secure Homekey funds; and
WHEREAS, on or about September 8, 2022, the City of Thousand Oaks, Shangri-La Industries, LLC, Step Up on Second Street, Inc. and the Department entered into a Standard Agreement (21-HK-17425) for Homekey Funds totaling $26,744,713 (“Standard Agreement”) for the purchase and rehabilitation of 12 Conejo Boulevard, Thousand Oaks, California (“the Property”); and WHEREAS, after execution of the Standard Agreement, ownership of the Property was transferred from Shangri-La Industries, LLC to 12 Conejo LP; and WHEREAS, on or about May 1, 2023, 12 Conejo LP, as owners of the Property, accepted transfer of the Standard Agreement and agreed to be subject to the terms and conditions specified therein; and
WHEREAS, the City of Thousand Oaks wishes to authorize the transfer of ownership and approve the amendment of the Standard Agreement to add 12 Conejo LP as a co-grantee.
NOW, THEREFORE, BE IT RESOLVED THAT, the City Council of the City of Thousand Oaks does hereby:
1. Accept the transfer of ownership of the Property from Shangri-La Industries, LLC to 12 Conejo LP.
2. Approve the amendment of the Standard Agreement to add 12 Conejo LP as a Co-Grantee.
PASSED AND ADOPTED this 20th day of June, 2023, by the following vote:
Ayes:
Noes:
Absent:
________________________________
Kevin McNamee, Mayor
City of Thousand Oaks, California
ATTEST/CERTIFY:
______________________________________
Laura B. Maguire, City Clerk
Date Attested: ___________________
APPROVED AS TO FORM:
Office of the City Attorney
_______________________________________
Tracy Friedl, Assistant City Attorney
APPROVED AS TO ADMINISTRATION:
________________________________
Andrew P. Powers, City Manager
The presence of electronic signature certifies that the foregoing is a true and correct copy as approved by the City of Thousand Oaks City Council on the date cited above.
CMO: 585-50\wl\H:\COMMON\City Council\Council Items\2023 Staff Reports\062023\062023 Project Homekey Update Attch 1.docx