Title
A. RESOLUTION NO. 2018-001 OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA APPROVING MULTIFAMILY MORTGAGE REVENUE BOND POLICIES
B. RESOLUTION NO. 2018-056 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADDING CHAPTER 19 (HOUSING AUTHORITY FEES) TO THE MASTER FEE SCHEDULE AND ESTABLISHING FEES RELATED TO HOUSING AUTHORITY BOND ISSUANCES
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RECOMMENDED ACTION
Recommended Action
Authority adopt resolution A and Council adopt resolution B.
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SUMMARY
The Chula Vista Housing Authority's Multifamily Mortgage Revenue Bond Program ("Bond Program") has been utilized since 1993 to support the development of affordable housing in the City of Chula Vista ("City"). In accordance with new requirements set forth in California Debt Limit Allocation Committee ("CDLAC") Regulation Section 5031(c), governing the issuance of debt for Bond Programs, issuers, such as the Housing Authority, must submit to CDLAC for their approval bond issuance and post-compliance policies. Tonight's action is the adoption of such policies for the administration of the Housing Authority's Bond Program.
ENVIRONMENTAL REVIEW
Environmental Notice
Environmental Notice
The activity is not a "Project" as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Notwithstanding the foregoing, the activity qualifies for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. This activity is also exempt from review under the National Environmental Policy Act as no federal funding is involved in this action.
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Environmental Determination
The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it wil...
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