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2019/06/11 City Council Resolution 2019-066 RESOLUTION NO. 2019-066 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK AUTHORIZING AND APPROVING THE EXECUTION OF AFFORDABLE HOUSING REGULATORY AGREEMENTS WHEREAS, the City of Rohnert Park (City) has an Inclusionary Housing Ordinance (Rohnert Park Municipal Code Section 17.07.020(N)) which requires developers to set aside a percentage of all new dwelling units in a residential development as affordable, or to pay an in- lieu fee; and WHEREAS, the City also has a Density Bonus for Affordable Housing Ordinance (Rohnert Park Municipal Code Section 17.07.020(H)) which allows developers to increase the density of the property in accordance with state density bonus laws, provided they set aside a percentage of the total units as affordable housing; and WHEREAS, the City may enter into a Development Agreement with a developer that includes requirements to construct affordable housing; WHEREAS, when a developer builds affordable housing units, the City and developer enter into an affordable housing regulatory agreement which implement the requirements of the Municipal Code, any applicable Development Agreement and any other project-specific affordability conditions; and WHEREAS, the various affordable housing agreements are prepared and reviewed with the assistance of the City Attorney in order to assure that the agreements provide appropriate remedies and protections for the City; and WHEREAS, the affordable housing regulatory agreements do not introduce new requirements or conditions with respect to affordable housing units but rather implement the policy direction provided by City Council; NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park that it does approve and hereby authorize the City Manager to execute affordable housing regulatory agreements necessary to effectuate the requirements of any project approvals, in a form consistent with the Rohnert Park Municipal Code and City regulations and approved by the City Manager and City Attorney. BE IT FURTHER RESOLVED that the City Manager is hereby authorized and directed to take all actions and execute any documents, including amendments to affordable housing agreements and subsequent form subordination and assignment agreements, necessary to effectuate the terms and obligations of City affordable housing regulatory agreements for and on behalf of the City of Rohnert Park. DULY AND REGULARLY ADOPTED this 111'day of June,2019. CITY OF ROHNERT PARK alll� in Mayor ATTEST: J nne M. Buergler, City Cl rk ADAMS: C MACKENZIE: A STAFFORD: CALLINAN: BELFORTE: AYES: ( ) NOES: ( � ) A ENT: �J 2 Resolution 2019-066