Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Selection of MidPen Housing for 626-640-648 Walnut Street, San Carlos; Approval of Exclusive Negotiating Agreement and Initial Predevelopment Loan
RECOMMENDATION:
title
Measure K: Adopt a resolution:
A) Authorizing and directing the Director of the San Mateo County Department of Housing ("DOH"), or designee, to negotiate and execute, in consultation with the County Attorney, an Exclusive Negotiating Agreement with MidPen Housing, or an affiliate entity, to afford the parties sufficient time not to exceed one year unless an extension is necessary and advisable in the Director's discretion, to negotiate the terms of both a Development Agreement and an Agreement to provide site control of property located at 626, 640, and 648 Walnut Street in the City of San Carlos (the "Property") with MidPen Housing, or an affiliate entity, for the purpose of developing and operating an affordable housing development on the Property for low-, very low- and extremely-low income households, including persons experiencing or at risk of homelessness and local public employees, to the extent and in a manner allowable by law; 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 San Carlos, all necessary entitlement application documents required to ensure development at the Property proceeds 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 and the provision of on-site resident services at the Property; and
D) Authorizing and directing ...
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