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TCDA Resolution No. 23-01 CITY OF TIGARD, OREGON TOWN CENTER DEVELOPMENT AGENCY RESOLUTION NO. 23- 0! A RESOLUTION AUTHORIZING THE CITY ATTORNEY AND EXECUTIVE DIRECTOR OF THE TOWN CENTER DEVELOPMENT AGENCY TO NEGOTIATE AND SIGN A DEVELOPMENT ASSISTANCE AGREEMENT WITH FAMILY PROMISE OF TUALATIN VALLEY TO ACQUIRE A HOTEL PROPERTY FOR USE AS TRANSITIONAL HOUSING WHEREAS,The City Council 2021-2023 Goals include Goal 1 "Implement an actionable, person-centric, and regional response to homelessness;" and WHEREAS,The City of Tigard Strategic Plan 2020-2025 includes Objective 3.3 "Understand the effects of development on vulnerable Tigard residents and mitigate these impacts within projects and over time;" and WHEREAS,The Tigard Triangle Urban Renewal Plan includes Objective 5.4 to assist in the development of affordable and workforce housing; and WHEREAS,A New Tigard Triangle: Planning for Equitable Development,the implementation strategy for the Tigard Triangle Urban Renewal Plan,lists support for affordable housing as a top priority;and WHEREAS,The Town Center Development Agency budget for FY 2023-24 includes an Affordable Housing Development Fund to make grants and loans that support affordable housing; and WHEREAS, Family Promise of Tualatin Valley submitted an application for$1,000,000 in development assistance to assist in the acquisition of the Quality Inn property in the Tigard Triangle, which will provide 40-70 rooms of shelter to serve family and adult- only households experiencing homelessness; and WHEREAS,The application meets the criteria for Development Assistance funding;and WHEREAS,The Town Center Advisory Commission has recommended approval of the assistance to the TCDA Board. NOW,THEREFORE,BE IT RESOLVED,by the Tigard Town Center Development Agency that: SECTION 1: The City Attorney and Executive Director are authorized to negotiate and execute an agreement with Family Promise of Tualatin Valley to award $1 million in development assistance in furtherance of advancing the City's goals around houselessness. TCDA Resolution No. 23- 1 Page 1 SECTION 2: This resolution is effective immediately upon passage. a��� PASSED: This sr 1 _ day of ,2023. Chair—City of Tigard Town Center Development Agency ATTEST: Recorder—City of Tigard Town Center Development Agency TCDA Resolution No. 23- 01 Page 2