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HomeMy WebLinkAbout1999-02-11; Housing Commission; Resolution 99-0011 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 20 HOUSING COMMISSION RESOLUTION NO. 99-001 A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA, TO RECOMMEND THAT THE CITY COUNCIL APPROVE A REQUEST BY CONTINUING LIFE COMMUNITIES, LLC., TO PURCHASE 30.2 AFFORDABLE HOUSING CREDITS IN THE VILLA LOMA HOUSING PROJECT IN ORDER TO SATISFY THE AFFORDABLE HOUSING OBLIGATION OF THE LA COSTA GLEN PROJECT UNDER THE CITY’S INCLUSIONARY HOUSING ORDINANCE. APPLICANT: CONTINUING LIFE COMMUNITIES, LLC. CASE NO: SDP 98-01/CDP 98-04/CUP 98-01 WHEREAS, Continuing Life Communities, LLC., the developer of the La Costa Glen continuing care retirement community, has made application for a Site Development Plan (SDP 98-01) and a Coastal Development Permit (CDP 98-04) within the City of Carlsbad for the development of a continuing care retirement community; WHEREAS, the Planning Commission, at their meeting of January 6, 1999, determined that 171 attached and detached villas within the project are residential housing units; WHEREAS, the development of 171 residential housing units requires the developer to provide 30.2 units of housing affordable to lower income households as required by Carlsbad Municipal Code Section 21.85 of the City’s Inclusionary Housing Ordinance; WHEREAS, the Villa Loma 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, Continuing Life Communities, LLC., has requested to purchase Affordable Housing Credits as a means to satisfy the affordable housing obligations for the La Costa Glen continuing care retirement community 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; 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, said Housing Commission did, on the ll* day of February, 1999, hold a public meeting to consider said request for the purchase of Affordable Housing Credits by Continuing Life Communities, LLC.; WHEREAS, at said public meeting, upon hearing and considering all testimony, if any, of all persons desiring to be heard, said Commission considered all factors relating to the application and request to purchase Affordable Housing Credits. 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 dated February 11, 1999, 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 February 1 1 , 1999, the Commission recommends that the City Council APPROVE a request by Continuing Life Communities, LLC., to purchase 30.2 affordable housing credits in the Villa Loma housing project in order to satisfy the affordable housing obligation of the la Costa Glen project under the city's inclusionary housing ordinance. That the Housing Commission recommends that the Community Development Director 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. Thirty and two-tenths (30.2) affordable housing credits shall be reserved for the La Costa Glen project for a period of two (2) years. The two year period shall commence on the date the City Council approves the request to purchase said credits. If the credits have not been purchased within the two year period, the credits will be released and then made available for purchase on a first come, first served basis. If the credits are in fact released, no hture credits are available for purchase, and the Developer has not completed the 17 1 residential housing unit Project, Continuing Life Communities shall be permitted to make a payment in an amount equal to the last housing credit price in effect at the time the last housing credit is purchased by a developer. HC RESO. NO. 99-001 PAGE 2 1 2 < 4 C € 7 a 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 r‘ h 2. 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 or receiving a building permit for the subject project, Developer shall execute the Affordable Housing Agreement. 3. Prior to the receipt of each building permit, the developer shall pay the appropriate housing purchase price. The total purchase price for the Credits required will be divided by the total number of units “residential units” within the Project, and paid per individual building permit obtained for each residential unit within the Project. If the total number of units decreases, the total purchase price will decrease accordingly. Execution of this Agreement by the parties and payment of the entire required purchase price for thirty and two-tenths (30.2) affordable housing credits to the City by the Developer shall fully satisfy the Developer‘s affordable housing obligation pursuant to Chapter 2 1.85 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. 4. The Developer shall be required to purchase the subject housing credits at the price in effect at the time a building permit is requested for a residential unit subject to the conditions of said Agreement. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing Commission of the City of Carlsbad, California, held on the 1 1” day of February, 1999, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Vice-Chairperson Walker, Commissioners: Escobedo, Latas, Noble, Rose and Scarpelli. None. Commissioner Calverley . None. KA~EEN WALKER, VICE-CHAIRPERSON CARLSBAD HOUSING COMMISSION - DEBBIE FOUNTAIN HOUSING AND REDEVELOPMENT DIRECTOR HC RESO. NO. 99-001 PAGE 3 9