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HomeMy WebLinkAbout2007-09-25; City Council; MinutesMINUTES MEETING OF: CITY OF CARLSBAD CITY COUNCIL AND HOUSING AND REDEVELOPMENT COMMISSION (Joint Special Meeting) DATE OF MEETING: September 25, 2007 TIME OF MEETING: 6:00 p.m. PLACE OF MEETING: City Council Chambers CALL TO ORDER: Mayor/Chair Lewis called the Meeting to order at 6:29 p.m. ROLL CALL was taken by the City Clerk, as follows: Present: Lewis, Hall, Kulchin, Packard and Nygaard. Absent: None. PUBLIC HEARING: 12.AB #19.183 - SAN DIEGO HABITAT FOR HUMANITY ROOSEVELT GARDEN HOUSING PROJECT. Housing and Redevelopment Director Debbie Fountain presented the staff report and reviewed a PowerPoint presentation (on file in the Office of the City Clerk). Ms. Fountain gave a brief overview of the previous actions taken by the Council/Commission and reviewed the project financing. She also reviewed the process developers must follow to purchase affordable housing credits. Council/Commission Member Hall confirmed with staff that the price of the affordable housing credits would increase from $120,000 per unit to $142,000 per unit if the Council/Commission approves staff's recommendation. In response to an inquiry from Mayor Pro Tern/Vice Chair Kulchin, Ms. Fountain explained that when a developer purchases affordable housing credits they are required to purchase credits within the same quadrant as their project. Mayor/Chair Lewis opened the duly noticed Public Hearing at 6:49 p.m. Seeing no one wishing to speak Mayor/Chair Lewis closed the hearing at 6:49 p.m. Council/Commission discussion ensued regarding their support for the project. ACTION: On a motion by Mayor Pro Tern/Vice Chair Kulchin, Council adopted RESOLUTION NO. 2007-255. authorizing the appropriation of $258,677 in HOME Investment Partnership Funds to provide financial assistance to San Diego Habitat for Humanity, and authorizing the Carlsbad Redevelopment Agency to administer and expend said funds to fund a loan for the construction of eleven (11) affordable condominium units within the Northwest Quadrant of the City of Carlsbad and Village Redevelopment Area at 2578 Roosevelt Street; and, September 25, 2007 Joint Special Meeting of the Carlsbad City Council and Housing and Redevelopment Commission Page 2 Adopted Housing and Redevelopment Commission RESOLUTION NO. 444. approving the Disposition, Development and Loan Agreement and all related documents with San Diego Habitat for Humanity providing for additional financial assistance in the amount of $258,677 funded with HOME Investment Partnership Funds, and disposition of the property owned by the Carlsbad Redevelopment Agency located at 2578 Roosevelt Street within the Village Redevelopment Area for the development of eleven (11) condominiums to be sold at an affordable price to very low income households; and, Adopted Housing and Redevelopment Commission RESOLUTION NO. 445. approving an increase to the Housing Credit purchase price for the Roosevelt Street Affordable Condominium Combined Project under the City of Carlsbad's Inclusionary Housing Ordinance. AYES: Lewis, Kulchin, Hall, Packard and Nygaard. NOES: None. ABSENT. None. ADJOURNMENT: By proper motion, the Joint Special Meeting of September 25, 2007 was adjourned at 6:50 p.m. LORRAIN City Clerk . WOOD, CMC Sheila R. Cobian Deputy City Clerk