HomeMy WebLinkAboutMINUTES - 08161994 - 1.89 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS DATE: August 16, 1994
FROM: Richard J. Martinez, Executive Director cc:
SUBJECT. CASA DEL RIO SENIOR HOUSING DEVELOPMENT* RESOLUTION 3716 AUTHORIZING THE
HOUSING AUTHORITY TO ENTER INTO A MANAGEMENT AGREEMENT WITH CDR SENIOR
HOUSING ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP, IN ORDER FOR THE
HOUSING AUTHORITY TO MANAGE CASA DEL RIO SENIOR HOUSING DEVELOPMENT
1. RECOMMENDED ACTION
ADOPT Resolution No. 3716 AUTHORIZING the Housing Authority to enter into a management agreement
with CDR Senior Housing Associates,a California Limited Partnership,in order for the Housing Authority to manage
the Casa del Rio Senior Housing Development;and AUTHORIZING the Executive Director of the Housing Authority
to enter into any and all agreements necessary for the Housing Authority to manage the development for CDR Senior
Housing Associates, subject to review and approval of all documents by County Counsel.
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11. FINANCIAL IMPACT: 1
The Housing Authority will receive an annual feeof$28;250 from project income for managing the development.
III. REASONS FOR RECOMMENDATION/BACKGROUND'
Pursuant to Board authorization on May 24,1994,the Authority transferred ownership of Casa del Rio to CDR
Senior Housing Associates, the limited partnership comprised of a non-profit affiliate of the Authority and a limited
partner investor. The Authority has been'managing the property since,the beginning of June 1994. CDR Senior
Housing Associates (the"Partnership"),has re4uesieil that the A6thority continue to manage the development and has
proposed a three year contract,effective July 1,1994,the dati the.Partnership took ownership. Housing Authority staff
has reviewed the Management Agreement,iAth County Counsel�'imd is recommending that the Authority enter to this
contract. It is anticipated that the,Housing Authority will'cbutinuefo manage the development for the Partnership until
ACI atAime
the end of the 15 year tax credit period"; h 't& development can be transferred back to the Authority. In
"t I I -t ` 6 will receive approximately$28,250 annually and will
exchange for managing the development, the Housing Authori
have a continuing input into the'management and maintenance of the development. It is recommended that the
Executive Director be authorized to enter into any and all agreements necessary to manage Casa del Rio. It is further
recommended that County Counsel review and approve all agreeinents prior to the Executive Director executing those
agreements.
IV. CONSEQUENCE OF NEGATIVE ACTION:
A decision by the Board of Commissioners not Wapprove this Resolution would mean that management of
the project would have to be contracted,out to another entity, and that the Authority would have little input into the
management and maintenance of the development and'Would not`realize the$28,250 annual management fee.
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CONT94UM ON ATTACHSIGNATURE.mEmp-1
RECOMMENDATION OF ED(ECUTIVE DIRECTOR RECONORMA77ON OF BOARD CON[MrIUM
-------_APPROVE -OTHER I
SIGNATURE(S) qqpp
ACTION OF BOARD ON --APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
I JNANIMOUS(ABSENT I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
AYES. NOES COPY OF AN ACTION TAKEN AND ENTERED ON THE
ABSENT. ABSTAIN. MINUTES OF THE BOARD OF COMMISSIONERS ON THE
DATE SHOWN.
AnESTUD-
Phil Batchelor crk of the Board of Commissioners
BY DEPUTY
HOUSING AUTHORITY'OF"THE COUNTY OF CONTRA COSTA
RESOLUTION NO. 3716
RESOLUTION AUTHORIZING THE HOUSING AUTHORITY TO ENTER INTO
A MANAGEMENT AGREEMENT WITH 'CDR SENIOR HOUSING ASSOCIATES
FOR THE MANAGEMENT OF 'CASA DELiRIO SENIOR HOUSING DEVELOPMENT
WHEREAS, the Housing Authority of the County of Contra Costa (the
"Housing Authority" ) has transferred ownership of its senior housing
development, Casa del Rio, ito CDR Senior Housing Associates, a California
Limited Partnership (the "Partnership" ) ;
WHEREAS, the Partnership, which is comprised of a non-profit affiliate
of the Housing Authority and a limited partner investor, is established for
the purposes of owning and operating the Casa del Rio development;
WHEREAS, the Housing Authority has been managing the property since it
completed the construction'; and� the ;Partnership has requested that the
Housing Authority continue to manage the ,property, effective July 1, 1994;
WHEREAS, the Partnership has requested that the Housing Authority
enter into a Management Agreemeht 'with1he 'P`artnership for an initial three
year period for an annual management fee',of $28,250;
WHEREAS, it is anticipated that' the Housing Authority will continue to
manage the development for , the .Partnership until the end of the 15 year
Federal Low Income Housing Ta,x Creditj,period, at which time the development
will be transferred back to ' the Housing Authority;
WHEREAS, the Board of+ Co' mmissioners of the Housing Authority deems it
to be in the best interests of tYie• Housing Authority to continue to have
input into the management and main't`enance of Casa del Rio and to manage
Casa del Rio for the Partne`rship ;'
NOW, THEREFORE, BE IT RES,OLVED, as !follows:
1 . That the Housing Authority.i. shall enter into a Management
Agreement with the Partnership'',in ,order for the Housing Authority to
manage Casa del Rio for x !$28, 250 annual management fee.
2 . That the Executive Director :of' the Housing Authority is hereby
authorized and directed to take any and all actions, and execute any
and all agreements necessary for, the Housing Authority to manage Casa
del Rio for the Partnership.
3 . That this resolution'- shall 'take' 'effect immediately.
PASSED AND ADOPTED THIS 16th ,day ;of Aug. 1994 by the following
vote of the Commissioners:
AYES: Supervisors Smith, Bishop; DeSaulnier, Torlakson and Powers
NOES: None
ABSENT: None
ABSTAIN: None
,
cc: County Administrator
County Counsel
Housing Authority
m1g:c\bo-3716.ash
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