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Administration seeks approvals for planning contract, Clinton Arms transfer, CPACE fixes and $30M bond notes
Summary
Economic & Housing Development asked council to add starters including a 2026 professional-services contract for a planning consultant, financial-assignment approval for 72 Section 8 units at Clinton Arms, CPACE language corrections requested by the state, and a resolution to sell $30 million in bond anticipation notes.
Economic & Housing Development and finance officials asked the council on March 3 to consider several added starters and a financing resolution tied to previously approved borrowing.
Brandy Daniel, legislative coordinator for Economic & Housing Development, presented three added-starter items: a professional-services contract (item 260043) to pay Nichuarine Group for planning-consultant work dating from Jan. 1 and to cover 2026 work; assignment and assumption (item 260131) transferring property and the city's financial agreement from Clinton Arms Associates Limited to Clinton Arms Urban Renewal for a 72-unit, 100% affordable Section 8 garden-apartment complex; and a technical amendment to a previously approved CPACE agreement (item 260274) to align its language with the state's standard.
Daniel said the Clinton Arms transfer requires the city's permission before it proceeds to HUD and the Green Initiative Use Agreement for federal-level approval. Council members asked whether any taxes or dollars are owed by the current owner; Daniel said there had been a prior tax abatement but she would check whether payments were outstanding and report back by the end of the business day.
Corporation Counsel Kenyatta Stewart explained that the CPACE amendment was requested because the state requires the city's document to match the state's standard wording. "The state wants the document to be identical to what they use," Stewart said, noting the city's prior edits had created inconsistencies the state would not accept.
On finance, Benjamin Guzman, acting director of finance, requested that council hear resolution 26-0240 as an added starter: authorization to sell bond anticipation notes connected to a previously approved $30,000,000 loan ordinance. Guzman said the notes would help the city repay the state and would have a three-year paydown schedule.
Council members asked for copies of the CPACE language changes and confirmation on outstanding tax or abatement obligations tied to properties being transferred. Administration said the first added starter (an East Ward redevelopment item) could wait for a future meeting and that Brandy Daniel would provide follow-up information on the contract, tax status, and CPACE edits.
