HomeMy WebLinkAboutRes 036 - Extend Funding - Affordable HsgDeschutes County Board of Commissioners
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AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of September 3, 2008
Please see directions for completing this document on the next page.
DATE: August 26, 2008
FROM: Teresa Rozic Property & Facilities 385-1414
TITLE OF AGENDA ITEM:
Consideration of signature of Resolution 2008-126, amending Resolution 2008-036 to provide an
extension to finalize funding for an affordable housing project.
PUBLIC HEARING ON THIS DATE? No
BACKGROUND AND POLICY IMPLICATIONS:
In August 2006 Oregon Housing and Community Services Department (OHCS) and Deschutes County
entered into a Memorandum of Understanding for OHCS to manage a Request for Applications process
that could lead to the development of affordable housing on approximately 4.5 acres of county -owned
land in La Pine.
On March 26, 2008, the Board of County Commissioners passed Resolution 2008-036 approving
Pacific Crest Affordable Housing LLC's application for state funding. Pacific Crest proposes to build a
26 -unit apartment building for seniors. The board passed Resolution 2008-097 to give Pacific Crest
until September 30, 2008 to eliminate a gap in funding for the project.
Pacific Crest has demonstrated significant progress in obtaining commitments for additional funding,
but needs additional time. Pacific Crest has requested an extention to December 31, 2008. OHCS v ill
consider Pacific Crest's request for additional funds, specifically tax credits for low income housing,
and will consider reserving those funds for this project beyond the current deadline upon request from
Deschutes County.
FISCAL IMPLICATIONS:
None
RECOMMENDATION & ACTION REQUESTED:
Staff recommends signature of Resolution 2008-126.
ATTENDANCE: Teresa Rozic
DISTRIBUTION OF DOCUMENTS:
Copy of signed Resolution to Teresa Rozic.
REVIEWED
LEGAL COUNSEL
For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Amending Resolution 2008-036
Approving an Application for State Funding
for Affordable Housing in the City of La Pine
*
*
RESOLUTION NO. 2008-126
WHEREAS, on August 30, 2006 the Oregon Housing and Community Services Departmeat
(OHCS) and Deschutes County entered into a Memorandum of Understanding (MOU) for OHCS io
manage a Request for Applications process which could lead to the development of affordable
housing on approximately 4.5 acres of county -owned land in La Pine, and
WHEREAS, the Board of County Commissioners of Deschutes County (Board) previously
declared in Resolution 2008-036 its conditional selection of a proposal submitted by Pacific Crest
Affordable Housing, LLC (the Sponsor) for the Little Deschutes Lodge in La Pine, subject to the
review and approval by OHCS that the Sponsor has eliminated the funding gap, either through
additional funding sources or changes in project scope, and
WHEREAS, the Board passed Resolution 2008-097 to extend the MOU and to give the
Sponsor additional time to eliminate the funding gap and OHCS agreed; and
WHEREAS, the Sponsor has demonstrated significant progress in obtaining commitments fc wr
additional funding; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. The Memorandum of Understanding is extended to December 31, 2008. The
MOU shall not be considered extended beyond September 30, 2008, unless OHCS agrees in writing.
Section 2. Deschutes County supports the Sponsor's efforts to obtain additional funding
through OHCS programs and urges OHCS to reserve funds for this project until December 31, 2008.
Section 3. Section 1 of Resolution 2008-036 is amended to read:
"Section 1. The Board selects the proposal submitted by Pacific Crest Affordable Housinl. ,
LLC (the "Sponsor") for the Little Deschutes Lodge in La Pine, subject to the review an i
approval by OHCS that Sponsor has eliminated the funding gap, either through additions 1
PAGE 1 OF 2 — RESOLLUTION NO. 2008-126 (09/03/2008)
funding sources or changes in project scope, by December 31, 2008. This selection is subject
to the Oregon Housing Council's review and approval of the application for funding."
All other terms of Resolution 2008-036 remain unchanged.
DATED this day of , 2008.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
DENNIS R. LUKE, Chair
TAMMY (BANEY) MELTON, Vice Chair
Recording Secretary MICHAEL M. DALY, Commissioner
PAGE 2 OF 2 — RESOLUTION NO. 2008-126 (09/03/2008)