HomeMy WebLinkAbout1999-05-13; Housing Commission; Resolution 99-003r
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HOUSING COMMISSION RESOLUTION NO. 99-003
A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY
OF CARLSBAD, CALIFORNIA, RECOMMENDING APPROVAL TO
THE CITY COUNCIL OF $1,350,000 IN FINANCIAL ASSISTANCE
FROM EITHER THE REALLOCATION OF FUNDS FROM THE
CARLSBAD HOMEBUYER ASSISTANCE PROGRAM OR FROM
THE HOUSING TRUST FUND FOR THE CONSTRUCTION OF
BEDROOM ATTACHED CONDOMINIUM UNITS IN ORDER TO
HELP SATISFY THE REQUIREMENTS OF THE INCLUSIONARY
HOUSING ORDINANCE FOR PHASE TWO OF THE RANCHO
CARRILLO MASTER PLAN.
APPLICANT: CONTINENTAL HOMES, INC.
NINETY, FOR-SALE, AFFORDABLE TWO AND THREE
CASE NO: CT 98-15KP 98-08/SDP 98-17
WHEREAS, Continental Homes is the developer of the Rancho Carrillo Master Plan; and
WHEREAS, Continental Homes intends to construct a total of 1,711 residential housing units
within the Rancho Carrillo Master Plan; and
WHEREAS, pursuant to the City of Carlsbad’s Inclusionary Housing Ordinance, Chapter 21.85
)f the Carlsbad Municipal Code, fifteen percent of all residential development within the Rancho
Zarrillo Master Plan is required to be affordable to low income households; and
WHEREAS, the City Council has previously approved two affordable housing projects totaling
I66 residential units which allows for the total development of 1 , 158 residential units for the Phase 1
levelopment of the Rancho Carrillo Master Plan; and
WHEREAS, the developer is proposing to construct 124 two and three bedroom, for-sale,
tttached condominium units, of which 90 will be restricted for sale to low income households as a
neans to satisfy the remaining affordable housing obligations for the Phase 2 development of the
cancho Carrillo Master Plan as permitted by Carlsbad Municipal Code Section 21.85 of the City’s
nclusionary Housing Ordinance; and
WHEREAS, on May 13, 1999, the Housing Commission held a public meeting to consider the
leveloper’s request for financial assistance to construct said affordable housing units; and
WHEREAS, at said public meeting, upon hearing and considering all testimony, if any, of all
iersons desiring to be heard, said Commission considered all factors relating to the request for financial
issistance;
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NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of the City of
Clarlsbad, California. as follows:
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The above recitations are true and correct.
The project is consistent with the goals and objectives of the City of Carlsbad's Housing
Element, the Consolidated Plan, the Inclusionary Housing Ordinance, and the Carlsbad
General Plan.
The project will provide a total of 90, for-sale, two and three bedroom attached
condominium units affordable for purchase to households at 80% or below of the county
median income which meets a "medium priority" affordable housing need as outlined within
the City of Carlsbad's approved 1995-2000 Consolidated Plan. The project, therefore, has
the ability to effectively serve the City's housing needs and priorities as expressed in the
Housing Element and the Consolidated Plan.
That based on the information provided within the Housing Commission Staff Report and
testimony presented during the public meeting of the Housing Commission on May 13,
1999, the Housing Commission hereby ADOPTS Resolution No. 99-003, recommending
APPROVAL, to the City Council to provide $1,350,000 in financial assistance to
Continental Homes, Inc., for the construction of 90, for sale, affordable two and three
bedroom attached condominium units to satisfy the requirements of the Inclusionary
Housing Ordinance for the development of Phase 2 of the Rancho Carrillo Master Plan.
Staff shall work with the Bank of America to reallocate bds from the City's Carlsbad
Homebuyer Assistance Program. Should an agreement not be reached, funding for the
project shall be provided from the City of Carlsbad's Housing Trust Fund.
HC RESO. NO. 99-003
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5. That the Housing Commission rewmends that the City Manager or his designee be
authorized to execute all documents related to provision of the City assistance, including
but not limited to a Developer Loan Agreement, Promissory Note, Deed of Trust in
substantially the form presented to the Housing Commission on May 13, 1999, and
subject to review and approval by the City Attorney.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing Commission of
he City of Carlsbad, California, held on the 13th day of May, 1999, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
chauperson Latas, Commissioners: Scarpelli, Rose and McNeill.
None.
None.
None.
&
IEBORAH K. FOUNTAIN
IOUSING AND REDEVELOPMENT DIRECTOR
ic RESO. No. 99-003
'ACE 3
ROY LATP$(CCHAIRPERSON
CARLSBAD HOUSING COMMISSION