Resolution Number CRA 07-11-06-02RESOLUTION NO. CRA 07-11-06-02
' A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING
THE ADDITION OF LINC HOUSING CORPORATION TO THE SEASONS
SENIOR APARTMENTS II, LIMITED PARTNERSHIP(Seasons Phase
II)(APN 666-241-07)
WHEREAS, the San Juan Capistrano Community Redevelopment Agency
("Agency") is engaged in activities necessary to execute and implement the
Redevelopment Plan for the Central Redevelopment Project Area; and,
WHEREAS, the Agency's goals and objectives under the Redevelopment Plan is to
provide decent, safe and sanitary housing for persons of very low and lower income
means, pursuant to the Redevelopment Plan and the California Community
Redevelopment Law (California Health and Safety Code Section 33000 et seq.); and,
WHEREAS, in the furtherance of the goals and objectives of the Redevelopment
Plan the Agency entered into a Disposition and Development Agreement with Seasons
Senior Apartments II, LP, ("Seasons") for the development of certain property located
within the Project Area at the northwest corner of Rancho Viejo Road and Paseo Espada in
the City of San Juan Capistrano for the creation of new affordable units; and
' WHEREAS, Seasons has submitted to the Agency a formal request to admit LINC
Housing Corporation ("LINC") as the partnership's Non -Profit Managing General Partnerfor
the project; and
WHEREAS, the Agency finds the addition of a non-profit partner is necessary for the
project to be financially feasible.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the San
Juan Capistrano Community Redevelopment Agency hereby agrees to the addition of
LINC Housing Corporation to the Seasons Senior Apartments II, L.P.
PASSED, APPROVED, AND ADOPTED this 6th day of November 2007.
W__LA9
MARX NIELSEN, CHAIRMAN
ATTEST:
' MRC ARET R. MONAHAN, SECRETARY
Page 1 of 1 11/6/2007
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed Agency
Redevelopment Agency of the City of San Juan Capist
foregoing Resolution No. CRA 07-11-06-02 was d
Directors of the Community Redevelopment Agency at
the 6th day of November 2007 by the following vote:
AYES:
DIRECTORS
NOES
DIRECTORS:
ABSENT:
DIRECTORS:
Secretary of the Community
rano, do hereby certify that the
my adopted by the Board of
a regular meeting thereof, held
Soto, Hribar, Uso, Allevato and Chairman Nielsen
None
None
R. MONAHAN, Agency Secretary