HomeMy WebLinkAboutMINUTES - 05141991 - 1.52 1-052
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS DATE: May 14, 1990, -
FROM: Perfecto Villarreal , Executive Director cc
SUBJECT: SENIOR HOUSING DEVELOPMENT - CITY OF ANTIOCH
I. RECOMMENDED ACTION:
APPROVE the Integrated Development Services Agreement, the Architectural
Agreement, the Financial Services Contract, the Project Coordination Contract and the
Management Agreement with FPI Real Estate Group for the development and construction
of a senior housing development in Antioch and AUTHORIZE THE -Executive Director to
execute these documents, as recommended by the Advisory Housing Commission.
II. FINANCIAL IMPACT:
All of the fees and costs related to these agreements and contracts will be
paid from proceeds from the housing loans and grants to be secured by the Housing
Authority and FPI Real Estate Group in the development of this senior housing_ complex.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
The Housing Authority has been working with the City of Antioch and the FPI
Real Estate Group since the summer of 1990 in an effort to develop and construct an
82 unit affordable rental senior housing development in the city of Antioch. The
role of the Housing Authority in this development will be to serve as the owner of
the senior housing and the eventual manager of the property. The role of the FPI
Real Estate Group will be to serve as the developer, architect, provider of financial.
services, project coordinator, and the initial manager of the senior housing
development. The role of the City of Antioch is to provide the land, various land
use approvals, waiver of various fees, and an annual subsidy to make the 82 unit
development an affordable rental senior housing development for at least 40 years.
The Housing Authority has been negotiating with FPI Real Estate Group to
execute the following documents:
1. Integrated Development Services Agreement
2. Architectural Agreement
3. Financial Services Contract
4. Project Coordination Contract
5. Management Agreement
In these. negotiations, the Housing Authority has worked closely with County
Counsel and the law firm of Miller, Starr and Regalia to protect the interests of the
CONTINUED ON ATTACHMENT: YES SIONATUItEI
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON MAY 1 4 ,`ice 3 APPROVED AS RECOMMENDED _X OTHER
S
VOTE OF COMMISSIONERS
X_ UNANIMOUS (ABSENT _1.�— ) I HEREBY CERTIFY THAT THIS A TRUE AND
AYES: NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
CC: County Administrator ATTESTED MAY 14 B91
County Counsel Phil Batchelor, Clerk of the
Housing Authority Board of Commissioners
M982/7-83 BY %�� DEPUTY
Board of Commissioners
May 14, 1991
Page -2-
Housing Authority. Miller, Starr and Regalia is the law firm which has drafted the
various legal documents and contracts:
These agreements and contracts were presented to the Development Committee of
the Advisory Housing Commission for review and approval on April 15, 1991. At its
Regular Meeting on Monday, April 15, 1991, the Advisory Housing Commission voted to
recommend approval of the Integrated Development Services Agreement, the
Architectural Agreement, the Financial Services Contract, the Project Coordination
Contract and the Management Agreement with FPI Real Estate Group, and to recommend
that the Executive Director be authorized to execute these documents.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect to not approve these documents and the
execution thereof, the Housing Authority would be unable to proceed with plans to
develop an 82 unit affordable rental senior housing development in the city of
Antioch in conjunction with the City of Antioch and the FPI Real Estate Group.
I