Resolution Number CRA 97-8-19-1Pill
RESOLUTION NO. CRA 97-8_19-1
COMMUNITY ENHANCEMENT HOUSING PROGRAM
ACQUISITION AUTHORIZATION
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, APPROVING THE ACQUISITION OF
CONDOMINIUM HOUSING UNITS FROM THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FEDERAL
HOUSING ADMINISTRATION (FHA) AND AUTHORIZING THE EXECUTIVE
DIRECTOR OR HIS DESIGNEE TO EXECUTE ALL DOCUMENTS REQUIRED
TO PROCURE THE PURCHASE OF ALL HOUSING UNITS
WHEREAS, the San Juan Capistrano Community Redevelopment Agency, 32400
Paseo Adelanto, San Juan Capistrano, California 92675, is authorized under California
Redevelopment Law Section 33334.2(e)(1) to acquire real property or building sites; and,
WHEREAS, the San Juan Capistrano Community Redevelopment Agency has
approved the conceptual Community Enhancement Housing Program to acquire, rehabilitate and
resell condominiums located within two focus neighborhoods consisting of Capistrano Villas I,
Capistrano Villas II, Capistrano Villas III and Casa de Capistrano; and,
WHEREAS, the Community Enhancement Housing Program will provide home
ownership opportunities to households with incomes at or below 115% of the Orange County Median
Income; and,
WHEREAS, the United States Department of Housing and Urban Development
Federal Housing Administration (FHA) has agreed to sell condominiums located within Capistrano
Villas I, Capistrano Villas II, Capistrano Villas III, and Casa de Capistrano condominium projects to
the San Juan Capistrano Community Redevelopment Agency for thirty percent (30%) less than the
FHA -appraised value; and,
WHEREAS, the Community Redevelopment Agency has issued taxable bonds to
finance the purchase and rehabilitation of the FHA condominiums.
NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano
Community Redevelopment Agency Board of Directors, City of San Juan Capistrano, California,
does hereby make the following findings:
1. The proposed property acquisitions are consistent with the policies and
objectives of the San Juan Capistrano General Plan; and,
2. The proposed property acquisitions are consistent with the policies and
objectives of the San Juan Capistrano Housing Element, and,
3. The proposed acquisitions are consistent with California Community
Redevelopment Law.
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282
BE IT FURTHER RESOLVED, that the San Juan Capistrano Community
Redevelopment Agency does hereby:
1. Approve the acquisition of condominium housing units owned by the United
States Department of Housing and Urban Development Federal Housing Administration; and, _
2. Authorize the Executive Director and/or his designee, to execute all required
sales and escrow contracts for the purpose of acquiring FHA condominium housing units located
within Capistrano Villas I, Capistrano Villas II, Capistrano Villas III and Casa de Capistrano.
PASSED, APPROVED, AND ADOPTED this 19th day of
August , 1997.
'
ATTEST:
AGENCYSVCF,PTARY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, Agency Secretary of the San Juan Capistrano Community
Redevelopment Agency, DO HEREBY CERTIFY that the foregoing is a true and correct copy of
Resolution No. CRA 97-8-19-1 adopted by the San Juan Capistrano Community
Redevelopment Agency Board of Directors at a regular meeting thereof held on the 19th day
of August , 1997, by the following vote:
AYES: Directors Greiner, Swerdlin, Jones, Campbell
and Chairman Hart
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JOHNN, AGENCY SECRETARY
IPA
P891
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, declare as follows:
That I am the duly appointed and qualified Secretary of the San Juan Capistrano
Community Redevelopment Agency;
That in compliance with State laws of the State of California and in further compliance
with CRA Resolution No. CRA 83-12-20-1 and on the 21st day of August
1997, I caused to be posted:
RESOLUTION NO. CRA 97-8-19-1 , being
COMMUNITY ENHANCEMENT HOUSING PROGRAM
ACQUISITION AUTHORIZATION
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, APPROVING THE ACQUISITION OF
CONDOMINIUM HOUSING UNITS FROM THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FEDERAL
HOUSING ADMINISTRATION (FHA) AND AUTHORIZING THE EXECUTIVE
DIRECTOR OR HIS DESIGNEE TO EXECUTE ALL DOCUMENTS REQUIRED
TO PROCURE THE PURCHASE OF ALL HOUSING UNITS
in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Old Fire Station
Recreation Complex; Orange County Public Library.
Cheryl Johns* Ag6Acy Secretary
San Juan Capistrano Community
Redevelopment Agency
San Juan Capistrano, California