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HomeMy WebLinkAbout2005-12-20; City Council; Resolution 2005-3811 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 bL.;kJ-i* 1 CITY COUNCIL RESOLUTION NO. 2005-381 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, TO APPROVE THE DESIGNATION OF THE ROOSEVELT STREET AFFORDABLE CONDOMINIUMS AS A COMBINED PROJECT UNDER THE CITY OF CARLSBAD’S INCLUSIONARY HOUSING ORDINANCE, AND AUTHORIZE THE CARLSBAD REDEVELOPMENT AGENCY TO SELL HOUSING CREDITS WITHIN THE PROJECT TO OTHER HOUSING DEVELOPERS WITH PROJECTS WITHIN THE NORTHWEST QUADRANT, SUBJECT TO FINAL APPROVAL BY THE CITY WHEREAS, in 1993, the City of Carlsbad adopted an Inclusionary Housing Ordinance, Chapter 21.85 of the Carlsbad Municipal Code, which requires all housing developers to provide at least 15% of the housing units they construct to be affordable to lower income households; and, WHEREAS, pursuant to Chapter 2 1 A5.080 of the Carlsbad Municipal Code, the City has sole discretion to authorize a residential site to be designated as a combined inclusionary housing project; and, WHEREAS, the City Council also has sole discretion as to which housing developments may satisfy their inclusionary housing obligations by financially participating in an off-site combined project; and WHEREAS, the Carlsbad Redevelopment Agency has partnered with Habitat for Humanity to construct a total of eleven (1 1) for-sale condominium units affordable to very low income households on property owned by the Agency and located at 2578 Roosevelt Street within the Village Redevelopment Project Area and the Northwest Quadrant of the City of Carlsbad; and WHEREAS, said units are excess units in that they will not be provided to meet the inclusionary requirement of a specific master housing development but may be used to do so if approved by the City Council; and WHEREAS, the Carlsbad Redevelopment Agency has expressed a desire to sell the excess housing credits produced by said project, Roosevelt Street Condominiums, at 2578 Roosevelt Street to housing developers with a small inclusionary housing requirement for a housing development located within the Northwest Quadrant of the City; and 1 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the City Council has an interest in providing a combined project within the Northwest Quadrant to assist small housing developers in their effort to satisfy their inclusionary housing requirements. 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 designates the eleven (1 1) unit Roosevelt Street Affordable Condominium development to be constructed on Carlsbad Redevelopment Agency owned property located at 2578 Roosevelt Street as a combined housing project pursuant to Carlsbad Municipal Code 21.85.080. 3. The City Council hereby authorizes the Carlsbad Redevelopment Agency to sell a total of eleven (1 1) housing credits within the project to one or more small housing developers to assist them in their effort to satisfy their inclusionary housing obligations, subject to final financial participation approval by the City Council. 4. The City Council reserves its sole discretion to decide which private housing developments within the Northwest Quadrant will be permitted to satisfy their inclusionary housing obligations by financially participating in an off-site combined housing project. 5. The Carlsbad Redevelopment Agency shall be responsible for setting the housing credit purchase price for said combined project. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Carlsbad, California, held on the 20th day of December ,2005, by the following vote, to wit: AYES: Council Members Lewis, Hall, Packard, Sigafoose NOES: None ABSENT: Council Member Kulch ABSTAIN: None ATTEST: 6