City Council

5.\nFINANCE COMMITTEE: APPROVE THE KEY BUSINESS TERMS OF A FIRST AMENDMENT TO THE DEVELOPMENT AND LEASE\nAGREEMENT WITH NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA\nAND AMEND THE HOUSING DEPARTMENT’S FISCAL YEAR 2026 OPERATING BUDGET BY RECOGNIZING REVENUE AND\nAPPROPRIATING $5,000,000 OF STATE LOCAL HOUSING TRUST FUNDS FOR THE\nCONSTRUCTION OF AN AFFORDABLE HOUSING PROJECT FOR SENIORS ON CITY-OWNED PROPERTY AT 280 RAMONA STREET\n(Housing Dept.)\nRecommendation: It is recommended that the City Council:\n1)\nFind that the actions proposed in the agenda report are not a “project” subject to the California Environmental Quality Act (CEQA) pursuant to\nState CEQA Guidelines Section 21065 and within the meaning of\nSection 15378(b);\n2)\nApprove the key business terms, as described in the agenda report, of the proposed First Amendment to the Development and Lease\nAgreement with National Community Renaissance of California;\n3)\nAmend the Housing Department’s Fiscal Year (FY) 2026 Operating Budget recognizing revenue and appropriating $5,000,000 of state Local\nHousing Trust Funds in the Other Housing Fund (238) for the construction of an\naffordable housing project for seniors on City-owned property at 280 Ramona Street; and\n4)\nAuthorize the City Manager to execute any and all documents necessary to effectuate the staff recommendation.