2021/01/26 City Council Resolution 2021-009 RESOLUTION NO. 2021-009
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING THE CITY MANAGER TO APPROVE, EXECUTE AND CONSENT
TO ASSIGNMENT AGREEMENTS FOR AFFORDABLE HOUSING PROJECTS
WHEREAS, the City has entered into and will continue to enter into affordable housing
regulatory agreements, loan agreements, deeds of trust, and promissory notes with various
property owners in order to implement its affordable housing program; and
WHEREAS, these agreements, deeds and notes are approved and authorized by the City
Council and recorded against title of the property on which affordable housing assets are located;
and
WHEREAS, from time to time these properties transfer ownership, which requires an
assignment of responsibility to the new owners approved by the City; and
WHEREAS, the assignment agreements do not change the underlying terms of the
affordable housing regulatory agreement and/or loan agreement.
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 approve, execute and consent
to assignment agreements for affordable housing regulatory agreements and/or loan agreements
in a form consistent with the Rohnert Park Municipal Code and City regulations and approved by
the City Manager and City Attorney. The City Manager is further authorized to execute any
other documents necessary to effectuate an approved assignment in accordance with the terms of
this Resolution and the underlying affordable housing regulatory and/or loan agreement.
DULY AND REGULARLY ADOPTED this 26`h day of January, 2021.
CIT Q ' OHNERT PARK
(WOO 0 _
, � .4ice, Mayor
ATTEST: _
Sylvia Lo evas, City Clerk
ADAMS:A C LINARES: Alf f STAFFORD: ELWARD: Alt
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AYES: ( 5 ) NOES: ( 4 ) ABSEN: ( (N ) ABSTAI ( � )