31. • 26-170
Adopt a resolution:
A) Authorizing and directing the Director of the Department of Housing (“DOH”), or designee, to execute the new Exclusive Negotiating Agreement with MidPen Housing Corporation, or an affiliate entity, to afford the parties sufficient time to negotiate the terms of both a Development Agreement and an Agreement to provide long-term site control of property located at 1580-1590 Maple Street in the City of Redwood City (the “Property”) to MidPen Housing, or an affiliate entity, for the purpose of developing and operating an affordable housing development on the Property for extremely low-income and very-low income households and special needs households including those experiencing homelessness; and
B) Authorizing and directing the Director of DOH, or designee, in conjunction with MidPen Housing, to submit, or cause to be submitted, to the City of Redwood City all necessary entitlement application documents required for development of the Property as affordable housing to proceed in accordance with State law; and
C) Authorizing and directing the Director of DOH, or designee, in consultation with the County Attorney, to negotiate and enter into a Development Agreement with MidPen Housing, or an affiliate entity, regarding design, development, construction, ownership, and management of the Property as affordable housing, including the provision of supportive services at the Property; and
D) Authorizing and directing the Director of DOH, or designee, in consultation with the County Attorney, to negotiate and enter into necessary agreements to provide long-term site control of the Property, through a sub-ground lease, assignment of a ground lease, assignment of the County’s option to ground lease, or another instrument agreeable to both DOH and MidPen Housing, subject to County Attorney review and approval, to MidPen Housing or an affiliate entity to facilitate MidPen Housing, or its affiliate entity developing and operating an affordable housing development on the Property for extremely low-income, very-low income households and special needs households including those experiencing homelessness; and
E) Authorizing the Director of DOH, or designee, acting in consultation with the County Attorney, to negotiate and execute such other agreements, documents, certificates, extensions, and amendments as may be necessary to effectuate the purposes of the Resolution.