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HomeMy WebLinkAbout2005-03-15; City Council; Minutes (3)MINUTES JOINT MEETING OF: THE CITY OF CARLSBAD CITY COUNCIL AND THE HOUSING AND REDEVELOPMENT COMMISSION (Joint Special Meeting) DATE OF MEETING: March 15,2004 TIME OF MEETING: 6:OO p.m. PLACE OF MEETING: City Council Chambers CALL TO ORDER: Mayor/Chair Lewis called the Joint Special Meeting to order at 6:52 p.m. ROLL CALL: Present: Absent: None Council/Commission Members Lewis, Hall, Kulchin, Packard, Sigafoose CONSENT CALENDAR: Item No. 11 was pulled for discussion. WAIVER OF ORDINANCE TEXT READING: The Council/Commission waived the reading of the text of all ordinances and resolutions at this meeting. I1 .AB #18,025 -APPROVAL OF CITY FINANCIAL ASSISTANCE FOR THE CARLSBAD FAMILY HOUSlNG/CASSIA HEIGHTS AFFORDABLE HOUSING PROJECT - SDP 02-13. Mayor Pro TemNice Chair Hall asked that Housing and Redevelopment Director Debbie Fountain explain the deposit amount referenced in a letter from Affirmed Housing Group dated March 14, 2005 (on file in the Office of the City Clerk). Ms. Fountain stated that the owner was asking for an increase of deposits from $5,000 to $7,500 per month until escrow closes. Ms. Fountain explained that the Developer, Affirmed Housing Group agreed to pay the additional $2,500 per month and that the City would continue to pay $5,000 per month until the close of escrow. Jim Silvewvood, President of Affirmed Housing Group came forward to confirm that his company would pay the additional $2,500 per month. ACTION: On motion by Mayor Pro TemNice Chair Hall, the CounciVCommission adopted adopted City Council RESOLUTION NO. 2005-073, approving a request to provide financial assistance to El Camino Family Housing Partners, LLC with a loan from CDBG, HOME, and Redevelopment Agency Housing Set-Aside Funds, and approving the related loan and other documents for construction of 56 affordable apartment units, located on the southeast corner of El Camino Real and Cassia Road; and March 15,2005 JOINT MEETING OF THE CARLSBAD CITY COUNCIL AND THE HOUSING AND REDEVELOPMENT COMMISSION Page 2 Adopted City Council RESOLUTION NO. 2005-074, approving the Assignment of a Real Estate Contract Purchase from Affirmed Housing Group for property consisting of approximately 2.63 acres located at El Camino Real and Cassia Street, Assessor Parcel 215- 021-06; and Adopted Housing and Redevelopment Commission RESOLUTION NO. 391 , appropriating funding from Redevelopment Agency Housing Set-Aside Funds to assist in providing financial assistance to El Camino Family Housing Partners for construction of fifty six (56) affordable apartment units within the southeast quadrant of the City of Carlsbad, and outside the Redevelopment Project Areas, and authorizing execution of subsequent subordination documents. - AYES: NOES: None Lewis, Hall, Kulchin, Packard, Sigafoose ADJOURNMENT: By proper motion, the Joint Special Meeting of March 15, 2005, was adjourned at 656 p.m. LO &&knN IN M.WOOD,MMC City Clerk Sheila Cobian Deputy City Clerk