HomeMy WebLinkAbout2005-03-15; City Council; Resolution 2005-0741
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CITY COUNCIL RESOLUTION NO. 2005-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, TO APPROVE THE ASSIGNMENT OF
REAL ESTATE CONTRACT AGREEMENT FROM AFFIRMED
HOUSING GROUP FOR PROPERTY CONSISTING OF
APPROXIMATELY 2.63 ACRES AND LOCATED WITHIN THE
CITY OF CARLSBAD AT EL CAMINO REAL AND CASSIA
STREET, AND MORE SPECIFICALLY IDENTIFIED AS
ASSESSOR PARCEL 215-021-06.
WHEREAS, Affirmed Housing Group has previously entered into a Purchase
Agreement to acquire certain real property located within the City of Carlsbad on El Camino
Real at Cassia Street consisting of 2.63 acres, and more specifically described as assessor
parcel 215-021-06, with the Bons Charitable Remainder Trust; and
WHEREAS, both the Affirmed Housing Group and the City of Carlsbad desire to
enter into an agreement to allow Affirmed Housing Group to assign the subject real estate
contract to the City of Carlsbad in order for the City of Carlsbad to acquire the property and
then ground lease it to El Camino Family Housing Partners, LLC, a wholly controlled affiliate
of Affirmed Housing Group, for construction and operation of a 56 unit lower income
affordable apartment project.
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CC Resolution No. 205-074
Page 2
WHEREAS, on the 15h day of March, 2005, the City Council did hold a public
meeting to consider said Assignment of Real Estate Purchase Contract to allow for the City of
Carlsbad to acquire said property for the construction of said 56 affordable housing apartment
units by the affordable housing developer, El Camino Family Housing Partners, LLC; and;
WHEREAS, at said public meeting, upon hearing and considering all testimony, if
any, of all persons desiring to be heard, said Council considered all factors relating to the
approval of said Assignment of Real Estate Purchase Contract:
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the
City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. The City Council hereby approves the Assignment of Real Estate Purchase
Contract to allow Affirmed Housing Group to transfer their purchase contract
to acquire said property on El Camino Real to the City of Carlsbad.
3. That the City Council authorizes the City Manager or hisher designee to
execute said Assignment of Real Estate Purchase Contract and any related
documents in substantially the form presented to the City Council, and subject
to review and final approval by the City Attorney.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad, California, held on the 15th day of March 2005, by
the following vote, to wit:
AYES: Council Members Lewis, Hall, Kulchin, Pa
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: