2015-005 - Authorize Transfer of 185 Anne Wy and 14390 Blossom Hill Rd Senior Group HomesRESOLUTION 2015 -005
RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF LOS GATOS
AUTHORIZING THE TOWN MANAGER TO EXECUTE AGREEMENTS
FACILITATING THE TRANSFER OF 185 ANNE WAY (APN 527 -48 -020) AND 14390
BLOSSOM HILL ROAD (APN 527 -31 -013) SENIOR GROUP HOMES FROM SENIOR
HOUSING SOLUTIONS (FORMERLY PROJECT MATCH) TO CHARITIES HOUSING
DEVELOPMENT CORPORATION (LOS GATOS SENIOR HOMES LLC)
AND NEW REHABILITATION LOAN AGREEMENTS ADDRESSING NECESSARY
REPAIRS AND IMPROVEMENTS TO PRESERVE THE LONG -TERM
AFFORDABILITY AND MAINTENANCE OF THE HOMES IN THE TOWN'S
AFFORDABLE HOUSING STOCK.
WHEREAS, the Town of Los Gatos has a State certified Housing Element; and
WHEREAS, the Housing Element has programs for the production and preservation of
housing opportunities for lower income residents; and
WHEREAS, the Town of Los Gatos has adopted a Below Market Price (BMP) Housing
Ordinance and BMP Housing Program Guidelines which require developers to provide BMP
Housing In -lieu Fees to assist with the Town's affordable housing efforts; and
WHEREAS, the BMP Housing Program Guidelines allow BMP Housing In -lieu Fees to
be used to supplement projects funded by the former Los Gatos Redevelopment Agency; and
WHEREAS, the Town of Los Gatos Redevelopment Agency previously provided
financial assistance to Senior Housing Solutions (Project Match) to facilitate the acquisition of two
single family dwellings located at 185 Anne Way and 14390 Blossom Hill Road for use as shared
group homes for lower income seniors; and
WHEREAS, Senior Housing Solutions desires to cease operations as a non -profit public
benefit corporation and transfer the two properties and the associated obligations to Chanties
Housing Development Corporation (Los Gatos Senior Homes LLC) ; and
WHEREAS, the Town of Los Gatos has worked cooperatively with the County of Santa
Clara and other jurisdictions to avoid displacement of lower income seniors and to facilitate the
preservation of the affordable housing units previously operated by Senior Housing Solutions.
NOW, THEREFORE, BE IT RESOLVED, that Town Council of the Town of Los
Gatos does hereby authorize the Town Manager to execute:
A) Agreements facilitating the transfer of 185 Anne Way (APN 527 -48 -020) and 14390
Blossom Hill Road (APN 527 -31 -013) senior group homes from Senior Housing Solutions
(formerly Project Match) to Charities Housing Development Corporation (Los Gatos Senior
Homes LLC)
B) New rehabilitation loan agreements not exceeding a total of $159,000 to address
necessary repairs and improvements for these properties and to preserve the long -term
affordability and maintenance of the homes in the town's affordable housing stock.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the P day of February, 2015, by the following vote:
COUNCIL MEMBERS:
AYES: Steve Leonardis, Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Marcia Jensen
NAYS:
ABSENT:
ABSTAIN:
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK. ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA