HomeMy WebLinkAboutRes 506 - Designating HA as Operator of Complex Known as Country VillagePALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: ADOPT RESOLUTION NO. 506 DESIGNATING HOUSING
AUTHORITY AS OPERATOR OF A NEWLY ACQUIRED
APARTMENT COMPLEX KNOWN AS COUNTRY VILLAGE ON
BEHALF OF AGENCY
SUBMITTED BY: JANET M. MOORE HOUSING AUTHORITY ADMINISTRATOR
DATE: OCTOBER 13, 2005
CONTENTS: RESOLUTION NO. 506
Recommendation:
By Minute Motion, that the Palm Desert Redevelopment Agency adopt
Resolution No. 506 designating the Palm Desert Housing Authority as
the operator of the property currently known as Country Village Apartments
in the City of Palm Desert.
Executive Summary:
The Housing Authority currently operates all 914 of the Agency -owned rental units. This
action will designate the Housing Authority as the operator of the additional 66 rental units
acquired by the Agency on September 30, 2005. The Housing Authority will obtain a
proposal from its current management company to maintain the units and be responsible
for the day to day operations.
Discussion:
The Agency closed escrow on 66 rental units on September 30, 2005. The units will be
made available to persons and families of very low, low and moderate income. This will
be accomplished through attrition and the lease renewal process.
The Palm Desert Housing Authority was established in 1998 when the Agency purchased
the initial 725 rental units from the County of Riverside Housing Authority. The law
requires that rental units acquired with bond proceeds must be operated by a Housing
Authority. Some of our units were acquired using bond proceeds thus creating a need for
G'RDA\Patty Leon\WpdocsVNL%i\staff report\operator of housing project Country Village %Vd
Staff Report
Resolution No. sob Housing Authority operate Country Village Apartments
October 13, 2006
Page 2 of 2
a Housing Authority. In order to ensure consistency and continuity of the property condition
and operations it is desirable to have all units operated by the Housing Authority. Since
we first acquired the original 725 units, the Authority has acquired additional units and
completed many deferred maintenance projects, including re -roofing, replacement of
boilers and air conditioners, repainting, resurfacing pools and decks, installing carports,
landscape retrofitting, and repaving the parking lots.
The 66 units were acquired with Housing Set Aside funds and will be counted toward our
production of affordable housing units in accordance with the Stipulation and the RHNA.
Submitted by:
Department Head:
J net . Moore `Dave Yri
Housing Authority Administrator Director edevelopment and Housing
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Approval:
J in McCarthy, AC M/R pment
Paul Gibson, Director of Finance
Carlos L. Orte , Executive Director
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RESOLUTION NO. 506
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
DESIGNATING THE PALM DESERT HOUSING AUTHORITY AS THE
OPERATOR OF COUNTRY VILLAGE APARTMENTS IN THE CITY OF
PALM DESERT
NOW, THEREFORE, THE PALM DESERT REDEVELOPMENT AGENCY
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Agency acquired an additional 66
rental housing units located in the City of Palm Desert currently known as Country Village
Apartments.
Section 2. The Agency hereby designates the Palm Desert Housing Authority as
operator of the additional 66 acquired rental housing units for and on behalf of the Agency.
Such designation shall be effective at the close of escrow of such 66 rental housing units
by the Agency. The Palm Desert Housing Authority is hereby further authorized to do all
acts and things necessary or appropriate in connection with the operation, including but not
limited to, entering into an agreement or agreements with a private management company
or companies, while being consistent with federal tax regulations pertaining to tax-exempt
bonds.
PASSED, APPROVED AND ADOPTED this 131h day of October, 2005.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Rachelle D. Klassen, Secretary
Buford A. Crites, Chairman