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File #: 131-2022    Version: 1 Name:
Type: Consent Calendar Status: Passed
File created: 3/29/2022 In control: HOUSING AUTHORITY
On agenda: 5/3/2022 Final action: 5/3/2022
Title: Amendment to Agreement for Garden Court, a Proposed Affordable Housing Project on a 5.37 Acre Site Located North of Lincoln Avenue and West of the Napa River
Attachments: 1. ATCH 1 - Resolution, 2. EX A - Amendment No. 7 to Agreement No. 8781
To: Honorable Mayor and Members of City Council

From: Vincent Smith, Community Development Director

Prepared By: Stephanie Gaul, Assistant Housing Manager

TITLE:
Title
Amendment to Agreement for Garden Court, a Proposed Affordable Housing Project on a 5.37 Acre Site Located North of Lincoln Avenue and West of the Napa River

LABEL
RECOMMENDED ACTION:
Recommendation

Adopt a resolution authorizing the Executive Director to execute Amendment No. 7 to Agreement No. 8781 to extend the term of the Exclusive Negotiating Rights Agreement (titled as a "Development Agreement") with Garden Court Associates to June 30, 2027 for the development of the Lincoln Avenue Property known as Garden Court and determining that the property is exempt surplus land under the Surplus Lands Act.

Body
DISCUSSION:
The Housing Authority currently owns a 5.37-acre parcel on Lincoln Avenue. Garden Court Associates, a limited partnership formed by non-profit housing developer Napa Valley Community Housing (the "Developer"), owns an adjacent 5.08-acre parcel. The Developer received financing for its purchase of the property and holding costs in the form of a $230,000 loan from the City, a $1,540,000 loan from the Housing Authority, and a $1,000,000 loan from the County.
In 2005, the Housing Authority entered into an "Exclusive Negotiating Rights Agreement" (the "Agreement") titled as a "Development Agreement" (though the Agreement was not entered under the authority of Government Code 65864 et seq) with the Developer for the development of both parcels as affordable housing in anticipation of the flood control work being completed. The Agreement was extended in 2006, 2007, 2015, 2016, 2018, and 2020, with current term expiring on June 30, 2022.
These properties were acquired with the intention of developing the combined site as a single affordable housing project. However, because the properties are currently located in a 100-year flood plain, they are undevelopable until flood c...

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