HomeMy WebLinkAboutRprt - Section 33433C of the Health-Sfty CodePALM DESERT HOUSING AUTHORITY
STAFF REPORT
REQUEST: RECEIVE AND FILE REPORT PURSUANT TO SECTION
33433(c) OF THE HEALTH AND SAFETY CODE
SUBMITTED BY: Veronica Tapia, Management Analyst II
DATE: July 10, 2014
Recommendation
By Minute Motion, that the Authority Board receive and file this
report pursuant to Section 33433 (c) of the Health and Safety Code.
Background
Pursuant to its Resolution No. 03-34, adopted on April 10, 2003, the City Council
authorized the former Palm Desert Redevelopment Agency to sell small housing
projects pursuant to Section 33433(c). On March 14, 2013, the City Council adopted
Resolution No. 2013-11 authorizing the Authority to sell small housing projects pursuant
to Health and Safety Code Section 33433(c) as the successor to the former Agency's
housing functions and assets.
Any Agency that has sold or leased a small housing project is required to file a report
with the legislative body after the end of the fiscal year which discloses; (i) the name of
the owner/purchaser of the property, (ii) the legal description or street address of the
property, (iii) the date of the conveyance of the property, (iv) the restrictions posed by
the agreement on the owner/purchaser of the property, and, (v) the date on which the
public hearing was held on the conveyance of the property, pursuant to Section
33431(c).
The following properties were sold during the fiscal year 2013/2014 and meet the
definition of a "small housing project" because the property was sold to person(s) of low
or moderate income. The Authority conveyed the property pursuant to Health and
Safety Code Section 33433(c).
The property was restricted by a Restrictive Agreement (also known as Unit Regulatory
and Lien Agreement ("URLA") or Affordable Housing Restriction and Lien Agreement
("AHRLA")) which was recorded at the time of sale which limits, among other things,
affordability, encumbrances, transfers and resales for a period of up to 45 years.
G \rda\Veronica Tapia\Excel Files\BEGIN\2014 Report Pursuant to HS 33433 - Staff Report 7-10-14 doc
Staff Report
Report Pursuant to Section 33433(c) of the Health and Safety Code
July 10, 2014
Page 2 of 3
Falcon Crest Development:
42218 Verdin Lane
Public Hearing:
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
74478 Falcon Lane
Public Hearing:
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
(APN 624-440-008)
June 13, 2013
Angie Foster
September 25, 2013
$200,000
Recorded on September 25, 2013 as Instrument #2013- 0463747 ;
Covenant Expiration: September 25, 2058
(APN 624-430-018)
June 27, 2013
Sang and Hyun Bae
November 19, 2013
$220,000
Recorded on November 19, 2013 as Instrument #2013- 0545478 ;
Covenant Expiration: November 19, 2058
74670 King Fisher Circle (APN 624-440-019)
Public Hearing:
Owner/Purchaser:
Date of Purchase:
Sales Price:
AHRLA:
Desert Rose Development:
June 27, 2013
Jeanine Kelly
June 6, 2014
$220,000
Recorded on June 6, 2014 as Instrument #2014- 0209652
Covenant Expiration: June 6, 2059
75455 Wildflower Lane (APN 634-062-028)
Public Hearing: April 11, 2013
Owner/Purchaser:
Date of Purchase:
Sales Price:
URLA:
Graciela Rodriguez
September 30, 2013
$107,587
Recorded on September 30, 2013 as Instrument #2013- 0468948 ;
Covenant Expiration: September 30, 2058
43930 Blueberry Lane (APN 634-061-024)
Public Hearing: March 13, 2014
Owner/Purchaser: Martin and Nora Avila
Date of Purchase: May 13, 2014
Sales Price: $136,444
URLA: Recorded on May 13, 2014 as Instrument #2014- 0174237
Covenant Expiration: May 13, 2059
The Authority currently owns 11 properties (9 in Falcon Crest and 2 in Desert
Rose). The Authority is also in the process of negotiating on all remaining
properties in the two developments.
Staff recommends that the Authority Board receive and file this report pursuant to
Health and Safety Code Section 33433(c).
G.\rda\Veronica Tapia\Excel Files\BEGIN\2014 Report Pursuant to HS 33433 - Staff Report 7-10-14 doc
Staff Report
Report Pursuant to Section 33433(c) of the Health and Safety Code
July 10, 2014
Page 3 of 3
Fiscal Analysis
There is no fiscal impact to the Authority to receive and file this report.
Submitted by:
re
Veronica Tapia, Manag ment Analyst II
royal:
dJrn M. Wohlmuth, Executive Director
Department Head:
`Janet Moore, Director of Housing
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G \rda\Veronica Tapia\Excel Files\BEGIN\2014 Report Pursuant to HS 33433 - Staff Report 7-10-14 doc