RESOLUTION 18-015 AGREEMENT BETWEEN HAMC AND THE CITY OF SURPRISE FOR HERITAGE AT SURPRISE.DOCX

RESOLUTION 18-015
AGREEMENT BETWEEN THE HOUSING AUTHORITY OF MARICOPA COUNTY AND THE CITY OF SURPRISE
FOR AFFORDABLE HOUSING IN SURPRISE, ARIZONA KNOWN AS “HERITAGE AT SURPRISE”
WHEREAS, Resolution 13-027 gave the Housing Authority of Maricopa County (HAMC) the authority to take action
necessary to facilitate a Rental Assistance Demonstration (“RAD”) conversion of its entire public housing portfolio
and Resolution 16-010 certified the Board of Commissioners continued support in converting HAMC’s entire
portfolio of properties to offer long-term, cost effective solutions to preserve and enhance Maricopa County’s public
housing inventory; and
WHEREAS, utilizing the RAD program, HAMC and its project partner, Gorman & Company, LLC, a Wisconsin limited
liability company, desire to cooperatively develop an affordable housing project consisting of 100 apartments,
common rooms, common areas, and parking called “Heritage at Surprise” on city owned real property generally
located within the City of Surprise bounded by North Hollyhock Street to the east, West Rimrock Street to the
north and North Nash Street to the west, and is bounded by an unnamed alley to the south, being the western part
of Maricopa County Assessor’s Parcel Number (“APN”) 501-70-039A (Property), a portion of which will be leased to
HAMC; and
WHEREAS, the Parties agree that the Property and the Project are to be dedicated to providing affordable housing
in perpetuity, including for the duration of the Lease; that City may record a deed restriction against the Property
limiting use of the Property to affordable housing in perpetuity or until such time as a super majority of the
Surprise City Council should agree to remove the restriction; and that the Lease will include an express provision to
this effect; and
WHEREAS, the City of Surprise and HAMC desire to enter into this Agreement to set forth respective intentions for
the structure of ownership and management of the Property and the Project.
NOW THEREFORE:
BE IT RESOLVED, the Board of Commissioners hereby adopts Resolution 18-015 and approves the Agreement
between the Housing Authority of Maricopa County and the City of Surprise. The City of Surprise will lease Property
to HAMC for the amount of ten dollars ($10.00) per year for a period of eighty-five (85) years. The Agreement is
effective on the date that it has been fully executed by the Mayor and City Counsel for the City of Surprise and the
HAMC Board of Commissioners, and may be extended for a minimum of 3, 10-year extensions.
BE IT FURTHER RESOLVED, the Executive Director of the Housing Authority of Maricopa County is authorized to
sign and submit such documents as are necessary to effectuate and administer the Lease and Subleases that may
be processed during the term of this Agreement.
Dated this ___________________ day of _______________________________________, 2018
ATTEST: Housing Authority of Maricopa County
____________________________________ _______________________________
Gloria Munoz, Clerk of the Board Chairman
Approved As To Form
____________________________________
Attorney for Housing Authority