City Council

PH 1. TEFRA Hearing/Approval of Exempt Facility Bonds for Village at Beechwood Apartments Recommendation(s): Adopt Resolution No. XX, pursuant to Section 147(f) of the Internal Revenue Code of 1986 approving the issuance by the California Statewide Communities Development Authority (the “CSCDA”) of qualified 501 (c) (3) bonds for a qualified residential rental project for Village at Beechwood (the “Project”). Linc Beechwood Limited Partnership, a California limited partnership (the “Developer”) has requested that the CSCDA adopt a plan of financing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the “Code”) in an aggregate principal amount not to exceed $12,000,000 (the “Bonds”), to finance improvements of a multifamily rental housing project located at 44063 Beech Avenue, Lancaster, California CPH1. Vacation of a Portion of the Public Road Easement as Dedicated within Block 2 as shown on the Map Filed in Book 5, Pages 470-471 of Miscellaneous Records Recommendation: Adopt Resolution No. 23-60 , ordering the vacation of a portion of the Public Road Easement as dedicated on the Map Filled in Book 5, pages 470 to 471 of Miscellaneous Records, located within block 2 on the north side of Milling Street between Beech Avenue and Sierra Highway, in the City of Lancaster. Said Public Road Easement is classified as street alley which was dedicated to the City in 1884. Vacating a portion of this street alley is intended as part of the proposed improvements recommended for the City’s Public Safety building. JOINT PUBLIC HEARING JPH1. Consideration for approval of actions in connection with Lancaster Housing Authority-owned parcels related to compliance with the Surplus Land Act and a Disposition and Development Agreement with Sarah’s Care Home. Location: Vacant parcels near the southwest corner of Kingtree Avenue and Avenue J-2 (APNs 3123-016-905 and -906) Recommendation: 1. Adopt Resolution No.23-XX, declaring the following Housing Authority-owned property as “exempt surplus land” pursuant to Government Code Section 54221(f)(1)(F)(i): Vacant parcels near the southwest corner of Kingtree Avenue and Avenue J-2 (3123-016-905 and - 906) 2. Adopt Resolution No. 23-XX, approving the Disposition and Development Agreement, accepting the Health and Safety Code Section 33433 Report, and making certain findings pursuant to Health and Safety Code 33433. 3. Authorize the Executive Director, or his designee, to execute all related documents. Sarah’s Care Home initially reached out to staff regarding the purchase of the subject properties for the full appraised value of $1.3 million. The proposed DDA is an agreement between the Authority and the developer for the sale and development of the Site. The DDA governs the Developer’s right to develop the Project. The DDA also governs the Developer’s obligations with respect to the acquisition of the land, requirements for closing, and schedule of performance, and provides a legal framework for addressing default. Under the DDA, Sarah’s Care Home will develop a minimum of sixty-five (65) units of affordable housing for seniors age 55+. Units will be provided in a multi-family apartment complex within the Lancaster Health District area. While precise Area Median Income (AMI) levels for the subject units are yet to be determined, the developer envisions that AMIs will range from 30% to 80%.