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HomeMy WebLinkAbout1998-07-09; Housing Commission; Resolution 98-0081 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 HOUSING COMMISSION RESOLUTION NO. 98-008 A RESOLUTION OF THE HOUSING COMM[SSION OF THE CITY OF CARLSBAD, CALIFORNIA, TO RECOMMEND THAT THE CITY COUNCIL APPROVE A REQUEST BY COLINA ROBLE LLC.,TO PURCHASE 4.2 AFFORDABLE HOUSING CREDITS IN THE VILLA LOMA HOUSING PROJECT IN ORDER TO SATISFY THE AFFORDABLE HOUSING OBLIGATION OF THE COLINA ROBLE PROJECT UNDER THE CITY’S INCLUSIONARY HOUSING ORDINANCE. APPLICANT: COLINA ROBLE, LLC. CASE NO: CT 98-02 WHEREAS, Colina Roble LLC., has made application for Tentative Map CT 98-02 within the City of Carlsbad for the development of a 28 unit residential subdivision; WHEREAS, the subdivision of land for 28 residential units requires the developer to provide 4.2 units of housing affordable to lower income households as required by Carlsbad Municipal Code Section 2 1.85 of the City’s Inclusionary Housing Ordinance; WHEREAS, the Villa Lorna housing project was conceived and developed with City participation based on the creation of 184 excess affordable housing units which would be available to satisfy other developers inclusionary housing obligation; WHEREAS, Colina Roble LLC., has requested to purchase Affordable Housing Credits as a means to satisfy their affordable housing obligations as permitted by Carlsbad Municipal Code Section 2 1.85 of the City’s Inclusionary Housing Ordinance and consistent with City Council Policies 57 and 58; WHEREAS, the request to purchase Affordable Housing Credits has been submitted to the City of Carlsbad’s Housing Commission for review and consideration; WHEREAS, said Housing Commission did, on the llfh day of June, 1998, and on 9* day of July, 1998, hold a public meeting to consider said request for the purchase of AfEordable Housing Credits by Cob Roble LLC; WHEREAS, at said public meeting, upon hearing and considering all testimony, if any, of all persons desiring to be heard, said Commission considered aU factors relating to the application and request to purchase Affordable Housing Credits; . 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 P NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of the City of Carlsbad, California, as follows: 1. 2. 3. 4. 5. The above recitations are true and correct. The project is consistent with the goals and objectives of the City of Carlsbad's Housing Element and Consolidated Plan, the Inclusionary Housing Ordinance, and the Carlsbad General Plan. Based upon the analysis contained within the Housing Commission Staff Report, the Housing Commission finds that the off-site satisfaction of the inclusionary housing requirement is in the public interest. That based on the information provided within the Housing Commission Staff Report and testimony presented during the public meeting of the Housing Commission on June 11, 1998 the Commission recommends that the City Council APPROVE a request by Colina Roble LLC Corporation to purchase 4.2 affordable housing credits in the Villa Lorna housing project in order to satisfy the affordable housing obligation of the Colina Roble project under the city's inclusionary housing ordinance. That the Housing Commission recommends that the City Manager or his designee be authorized to execute the Affordable Housing Agreement in substantially the form presented in Exhibit 3 to the Housing Commission Staff Report and to execute such other documents, or take other actions as may be necessary or appropriate to assist the developer in acquiring the Affordable Housing Credits. General Conditions: 1. Within sixty (60) days of the City Council approval of Developer's request to purchase Affordable Housing Credits, and prior to receiving Final Map approval, Developer shall execute this Agreement and prior to the issuance of a building permit purchase 4.2 Housing Credits. Execution of this Agreement by the parties and payment of the required fee to the City by the Developer shall fully satisfy the Developer's affordable housing obligation pursuant to Chapter 21.85 of the Carlsbad Municipal Code and the above-referenced conditions of approval. Upon execution of this Agreement and receipt of the above payment from developer, City will record an appropriate release of the developer's obligation. ... ... ... ... HC'RESO NO. 98-008 PAGE 2 . 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 2. That the Affordable Housing Agreement be amended as proposed by the developer. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing Commission of the City of Carlsbad, California, held on the 9* day of July, 1998, by the following vote, to wit: AYES: Chairperson Dunn-Welhan, Commissioners: Cdverley, Latas, Noble, Rose and Walker. NOES: None. ABSENT: Commissioners: Escobedo and Scarpelli. ABSTAIN: None. CARLSBAD HOUSING COMMISSION n DEBBIE FOUNTAIN HOUSING AND REDEVELOPMENT DIRECTOR HC RESO. NO. 98-008 PAGE 3