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HomeMy WebLinkAbout10-08 RDA Resolution RESOLUTION NO. RDA 10 -08 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA APPROVING REVISIONS TO THE RESIDENTIAL IMPROVEMENT PROGRAM THE MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Redevelopment Agency finds, determines and declares that: (a) The Redevelopment Agency of the City of Temecula ( "Agency ") is a community redevelopment agency duly organized and existing under the Community Redevelopment Law of the State of California , Health and Safety Code Sections 32000 et. seq. and has been authorized to transact business and exercise the powers of a redevelopment agency pursuant to the action of the City Council of the City of Temecula ( "City "). (b) On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988 -1" (hereafter the "Plan ") in accordance with the provisions of the Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.). On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91 -08, 91 -11, 91 -14, and 91 -15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91 -11 and 91 -15, the City . of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. These Ordinances are codified in Chapter 2.52 of the Temecula Municipal Code. (c) One of the goals of redevelopment under the Community Redevelopment Law and the Plan is to increase, improve, and preserve the community's supply of low and moderate income housing available at affordable housing cost to persons and families of low moderate income both within and outside of the Project Area. (d) The Residential Improvement Program is also intended to effectuate the objectives of the Agency, the City of Temecula (the "City "), and the state of California in complying with their obligation to decent housing and a suitable living environment pursuant to the goals and objectives identified in the City's Housing Element of the Temecula General Plan. (e) The Residential Improvement Program, as revised by this Resolution, is consistent with the Redevelopment Plan, the Implementation Plan R: /RDA Resos 2010 /RDA Resos 10 -08 1 adopted by the Agency on December 7, 2004, and updated in 2009, the City's General Plan and each element thereof, including without limitation, the City's Housing Element. (f) The Agency first adopted its Residential Improvement Program in April 1996 and has revised it from time to time. (g) The Redevelopment Agency has duly considered all terms and conditions of the proposed Residential Improvement Program update and believes that the revised Residential Improvement Program is in the best interests of the Agency and City and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law requirements. Section 2. Approval of Residential Improvement Program. Redevelopment Agency hereby approves the amended and restated Residential Improvement Program consisting of the following terms: (a) Obiectives of the Residential Improvement Program. The objectives of the Residential Improvement Program are to: 1) Improve and preserve the community's supply of low and moderate income housing available at affordable housing cost to persons and families of low and moderate income both within and outside of the Project Area; 2) Prevent blight in residential neighborhoods; 3) Improve the structural integrity of the City's housing stock; and 4) Improve the health and safety of residents living in substandard housing (b) Eligible Property Owners. The Agency may provide Residential Improvement Loans to property owners within the City who meet the following qualifications: 1) Own single family homes, townhomes and manufactured homes on a permanent foundation; 2) The property is owner - occupied and the sole residence of the owner; and 3) The owner's gross annual household income does not exceed that the Riverside County moderate income established from time to time by the California Department of Housing and Community Development or the successor State agency providing such determinations. R: /RDA Resos 2010 /RDA Resos10 -08 2 (c) Residential Improvement Loan Terms. The Agency may provide Residential Improvement Loans to eligible property owners subject to the Residential Improvement Program budget for the Agency's fiscal year as follows: 1) Maximum Amounts of Residential Improvement Loans: a) A Residential Improvement Loan to an eligible property owner shall be limited to a maximum amount of ten thousand dollars ($10,000.00). b) Senior homeowners who meet the requirements of Subsection b) are eligible for Residential Improvements Grants of up to three thousand dollars ($3,000.00) and a maximum Residential Improvement Loan of up to seven thousand dollars ($7,000.00). "Senior homeowner" shall be defined in the Manual described in Section 3 of this Resolution. c) Any Residential Improvement Loans or Grants in excess of these amounts require specific Redevelopment Agency approval pursuant to a specific agreement. 2) Basic Terms of Residential Improvement Loan. a) The loan shall bear interest at a rate of interest of five percent (5 %) or the average prime rate of interest quoted by banks located within the City of Temecula as of the date of the loan, whichever is higher. b) The loan shall become due and payable in full if the borrower transfers title, ceases to occupy the property as his or her principal residence, refinances with cash taken out, or otherwise defaults on the loan documents. c) The loan shall be forgiven by the Agency after five (5) years if the owner has continuously resided in the home and the terms have not been breached; provided, however, that for participants in the Agency's First Time Homebuyer's Program who borrow for the improvements described in Subsection (d)2), the loan shall be forgiven by the Agency after ten (10) years if the owner has continuously resided in the home and the terms have not been breached. d) Such other terms as determined by the Executive Director to be necessary or convenient for the implementation of the Residential Improvement Program as determined pursuant to Section 3 of this Resolution. (d) Eligible Residential Improvements. 1) General Improvements. The following improvements may be funded under the Residential Improvement Program: R: /RDA Resos 2010 /RDA Resos10 -08 3 a) Correction of violations of Chapter 15.04, Construction Codes, of the Temecula Municipal Code and Chapter 15.16, Fire Code, of the Temecula Municipal Code; b) Abatement of lead -based paints; c) Exterior work to help preserve or protect structures, including without limitation, painting, stucco patching, roofing, siding, window repair or replacement, door repair or replacement, or repair or replacement of structure damaged by termites; d) Front or rear yard fencing; e) Repair, restoration or replacement of important parts of structure including, but not limited to, heating systems, plumbing systems, and electrical wiring; f) Modifications or improvements necessary to accommodate a resident's disability, including but not limited to, wheelchair ramps, door widening, or kitchen or bathroom modifications; g) Repair or replacement of items deemed necessary for health and safety by the Executive Director (or his or her designee), including without limitation, failing sewer laterals, failing septic tank systems, and the removal, repair and clean up of mold, beehives, or rodent infestation; and h) Such other items as determined by the Executive Director (or his or her designee) to be similar to the items listed above. 2) Additional Improvements for First Time Homebuyers Program. Participants in the Agency's First Time Homebuyer's Program shall also be eligible to fund the following items with a Residential Improvement Loan in addition to the items described in Subsection (d)(1): a) Replacement of missing or broken appliances; b) Repair broken or missing irrigation and pool equipment; and c) Repair or replace general damage caused by neglect, vandalism or theft. 3) Ineligible Improvements. The following improvements are not eligible for funding through a Residential Improvement Loan or Grant, except as provided in Subsection (d)2) or (d)1)f): a) Swimming pools or spas. R: /RDA Resos 2010 /RDA Resosl0 -08 4 b) Patios or shade covers. C) Room additions. d) Kitchen or bathroom remodels. e) Landscaping, landscaping irrigation or hardscape. f) Interior enhancements. g) Demolition or conversion of garage where residence would be left without parking required by the Temecula Municipal Code. (e) Residential Improvement Loans and Grants Subject to Agency Regulations. The Residential Improvement Loans and Grants shall be subject to the regulations for the Residential Improvement Program as may be established by the Executive Director in the "Manual for the Residential Improvement Program" as authorized in Section 3 of this Resolution. Section 3. Authority of Executive Director to Implement Residential Improvement Program. The Executive Director of the Agency (or his designee), is hereby directed and authorized, on behalf of the Agency, to: (a) Take all actions necessary and appropriate to carry out and implement the Residential Improvement Program; (b) Administer the Agency's obligations, responsibilities and duties to be performed under the Residential Improvement Program; (c) Approve regulations for the administration and implementation of the Residential Improvement Program, including but not limited to the "Manual for the Residential Improvement Program" providing for the administrative directives and regulations necessary and convenient for the implementation of the Residential Improvement Program in accordance with the provisions of this Resolution, including but not limited to application processes, eligibility requirements, eligible improvements, determination of specific income qualifications, determination of applicable interest rate, application evaluation, contractor qualifications, and to revise and update the Manual as needed; and (d) Enter into and execute on behalf of the Agency all documents necessary and convenient for the implementation and administration of the Residential Improvement Program, including but not limited to Residential Improvement Loan agreements with eligible property owners, operating memoranda or amendments for such agreements, maintenance agreements, deeds of trust, purchase of title and other reports on the property, acceptances, or certificates of completions. R: /RDA Resos 2010 /RDA Resos10 -08 5 Section 4. Effective Date and Applicability to New Applications. This Resolution shall be effective upon its adoption and shall be applicable to all applications for funding under the Residential Improvement Program pending before the Agency or submitted after this date. PASSED, APPROVED, AND ADOPTED by the Members of the Redevelopment Agency of the City of Temecula this 22 day of June, 2010. Michael S. Naggar, airperson ATTEST: Susan W Jones, MMC ity Cler Board Secretary [SEAL] R: /RDA Resos 2010 /RDA Resos10 -08 6 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Redevelopment Agency of the City of Temecula, do hereby certify that the foregoing Resolution No. RDA 10 -08 was duly and regularly adopted by the Members of the Redevelopment Agency of the City of Temecula, at a meeting thereof held on the 22 day of June, 2010, by the following vote: AYES: 5 BOARD MEMBERS: Comerchero, Edwards, Roberts, Washington, Naggar NOES: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None Susan W. ones, MM C C' Clerk/Bo rd Secretary R: /RDA Resos 2010 /RDA Resos10 -08 7