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REQUEST FOR RHRA ACTION <br />Date:01-04-16 <br />Item No: 8a. <br />Staff Approval:Agenda Section: <br />Action Item <br />Item Description:RHRA Transfer of Projects and Programs to the Roseville Economic <br />Development Authority <br />B <br />1 <br />ACKGROUND <br />2At itsNovember 30, 2015,meeting, the City Council established the Roseville Economic <br />3Development Authority (REDA) byadopting Resolution No. 11277 and authorizedthe transfer <br />4of the Roseville Housing Redevelopment Authority (RHRA) functions, assets and obligations to <br />5the REDA with Resolution No. 11278. <br />6 <br />7The next stepinthe process is for the RHRA to adopt a resolution transferring the RHRA <br />8Community Development Block Grant (CDBG) contract in Exhibit A and the projects and programs <br />9listed in Exhibit B of ResolutionNo. 65 to the REDA. The CDBG contract was for Applewood <br />10Point Single Family home construction subsidy loans. There areother CDBG funds that have been <br />11administered by the RHRA that were contracted prior to the existence of the RHRA, such as Villa <br />12ParkLoans, Housing Replacement Program Loans, and Marion/Brittany apartments that have been <br />13recycled into other loans such as Sienna Green I. <br />14 <br />PO <br />15 <br />OLICY BJECTIVE <br />16These actions are in accordance with the City Council’s policy directions on November 30, 2015. <br />BI <br />17 <br />UDGET MPLICATIONS <br />18Staff and legal services have been necessary in establishing the REDA and transferring of the <br />19RHRA functions, assets,and obligations. <br />SR <br />20 <br />TAFF ECOMMENDATION <br />21Authorizethe transfer of the RHRA functions, assets,and obligations to the REDA with <br />22Resolution No. 65. <br />23 <br />RHRAA <br />24S <br />UGGESTED CTION <br />25Offer a motion to approve Resolution No. 65 (Attachment A) to transfer the RHRA Projects and <br />26Programs to the REDA. <br />27 <br />Prepared by:Jeanne Kelsey, 651-792-7086 <br />Attachments:A:Resolution transferring RHRA Projects and Programs <br />28 <br />Resolution transferring RHRA Projects and <br />Programs to the REDA-Page 1of 1 <br /> <br />