City Council

5K. Disposition, Development, and Loan Agreement, Ground Lease, and Funding Request for a Permanent\nSupportive Affordable Housing Project at 323 North Brea Boulevard\n— 1. Review and provide initial comments on a Disposition, Development, and Loan Agreement with Jamboree\nHousing Corporation for the construction and operation of a Permanent Supportive Affordable Housing Project at\n323 North Brea Boulevard;\n— 2. Direct staff to bring the Disposition, Development, and Loan Agreement back to the May 21, 2024 City\nCouncil Meeting for formal approval at a Public Hearing to authorize the City Manager and City Clerk to execute\nDisposition, Development, and Loan Agreement, which includes: Executing a 55-year Ground Lease (or\nmaximum allowed by law); Utilizing the CalOptima Health Grant award funds in the amount of $6,028,491.51\ntowards development of a Permanent Supportive Affordable Housing Project at 323 North Brea Boulevard;\nUtilizing the City of Brea’s Affordable Housing Trust funds in the amount of $2,000,000.00 towards development\nof a Permanent Supportive Affordable Housing Project at 323 North Brea Boulevard; Utilizing the City of Brea’s\nHousing Successor funds in the amount of $2,457,483.00 towards development of a Permanent Supportive\nAffordable Housing Project at 323 North Brea Boulevard; and Authorizing the City Manager and City Attorney to\nadministratively revise the Disposition, Development, and Loan Agreement as needed.\n— 3. Amend the City’s Fiscal Year 2023-25 Operating Budget to appropriate $8,028,491.51 from the Affordable\nHousing Trust Fund (270) for the Disposition, Development, and Loan Agreement;\n— 4. Amend the City’s Fiscal Year 2023-25 Operating Budget to appropriate $2,457,483.00 from the Housing\nSuccessor Fund (280) for the Disposition, Development, and Loan Agreement;\n— 5. Authorize the City Manager to authorize a wire transfer/s of the specified funds to Jamboree Housing\nCorporation;\n— 6. Authorize the City Manager or his designee to approve waiving Development Impact Fees in an amount up\nto $1,900,000.00;\n— 7. Authorize the City Manager or his designee to approve waiving In-Kind Fees as applicable;\n— 8. Approve a California Environmental Quality Act (CEQA) Exemption Determination under CEQA Guidelines\nSections 15061 (b)(3) and 15194; and\n— 9. Adopt Resolution No. 2024-030 declaring the project site of 323 North Brea Boulevard exempt from the\nSurplus Land Act pursuant to California Government Code Section 54221(f)(1)(B) (Attachment B).