HomeMy WebLinkAboutCT 12-03; Walnut Beach Townhomes LLC; 2014-0369878; Affordable Housing Agreement/Releasey)P
Recording Requested by:
City of Carlsbad
When Recorded Mail to:
City of Carlsbad
City Clerk's Office
Attn: CityClerk
1200 Carlsbad Village Drive
Carlsbad. Califomia 92008
DOCtt 2014-03G9878
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AUG 27. 2014 4:39 PM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
Ernest J. Dronenburg, Jr., COUNTY RECORDER
FEES: 0.00
PAGES:
(Space above for Recorder's Use)
AFFORDABLE HOUSING AGREEMENT
(Purchase of Credits)
THIS AFFORDABLE HOUSING AGREEMENT ("Agreement") is entered into this
l2AVdaY of PiJf:^us|, 201^ , by and between the CITY OF CARLSBAD, a municipal
corporation ("City") and Walnut Beach Townhomes LLC, ("Developer"), a Califomia limited
liability company, with reference to the following:
RECITALS
A. Developer is the ovraer of certain real property in the City of Carlsbad, County of San
Diego, State of Califomia, described in "Exhibit A", which is attached hereto and incorporated
herein by this reference, and which is the subject of a Tentative Map (CT 12-03), which provides
conditional approval of the construction of fourteen (14) dwelling units ("Project").
B. Chapter 21,85 of the Carlsbad Municipal Code requires that this Agreement shall be
entered into between the City and the Developer as a means of satisfying the Developer's
affordable housing obligation, as such is defined under Chapter 21.85 of the Carlsbad Mimicipal
Code. Planning Commission Resolution No. 6978 provides that the Affordable Housing
Obligation of two (2) units ("Affordable Housing Obligation") will be satisfied by the purchase
of affordable housing credits, as provided for in Chapter 21.85, Section 21,85.080.
NOW, THEREFORE, incorporating the foregoing Recitals and in consideration of the
mutual covenants contained herein, the parties agree as follows:
1. The Recitals are tme and correct.
2. THAT SATISFACTION OF
REQUIREMENT WILL BE
DEVELOPER'S AFFORDABLE HOUSING
BY THE PURCHASE OF AFFORDABLE
HOUSING CREDITS.
(a) Performance under this Agreement satisfies the Developers' obligation for
affordable housing xmder Chapter 21.85 of the Carlsbad Municipal Code as applied to the land
covered by Carlsbad Tract No. CT 12-03 by reason of the approvals ofthe Tentative Map of CT
12-03, including Condition No. 15 of Planning Commission Resolution No. 6978, and any other
applicable approval.
CA 2/5/2013
(b) The Developer shall purchase two (2) affordable housing credits in the Roosevelt
Gardens Affordable Housing developments (within the Northwest Quadrant of the City of
Carlsbad), based on availability, for an amount established by resolution of the City Council and
as required by Condition No, 15 ofPlanning Commission Resolution No. 6978 no later than two
(2) years following City Council approval ofthis Agreement. The credit fee shall be paid prior to
the Developer receiving any building permits for the project. The subject housing credits will be
reserved for said Developer for no longer than (2) years following City Council approval of this
Agreement. If the Developer does not purchase the subject credits within two (2) years of the
date of this Agreement, the City shall make the credits available to one or more alternate
developers and the Developer for this Agreement shall then be required to satisfy its inclusionary
obligation through altemate methods as approved by the City.
3. REMEDIES
Failure by the Developer to perform in accordance with this Agreement will constitute
failure to satisfy the requirements of Chapter 21.85 of the Carlsbad Municipal Code and
Condition No. 15 ofPlanning Commission Resolution No. 6978. Such failure will allow the
City to exercise any and all remedies available to it including but not limited to withholding the
issuance of building permits for the lots shown on Carlsbad Tract No. 12-03.
4. HOLD HARMLESS
Developer will indemnify and hold harmless (without limit as to amount) City and its
elected officials, officers, employees and agents in their official capacity (hereinafter collectively
referred to as "Indenmitees"), and any of them, from and against all loss, all risk of loss and all
damage (including attomeys' fees and expenses) sustained or incurred because of or by reason of
any and all claims, demands, suits, or actions, obtained, allegedly caused by, arising out of or
pertaining in any manner to Developer's actions or defaults pursuant to this Agreement, and shall
protect and defend Indemnitees, and any of them with respect thereto. This provision shall
survive the term of this Agreement.
5. NOTICES
All notices required pursuant to this Agreement shall be in writing and may be given by
personal delivery or by registed or certified mail, retum receipt requested to the party to receive
such notice at the address set forth below:
TO THE CITY: City of Carlsbad
Housing & Neighborhood Services Department
Attn: Housing & Neighborhood Services Director
1200 Carlsbad Village Drive
Carlsbad, Califomia 92008
TO THE DEVELOPER: Walnut Beacii Townhomes, LLC
Attn: President
P.O. Box 12508
San Diego, Ca. 92112
CA 2/5/2013
Any party may change the address to which notices are to be sent by notifying the other parties of
the new address, in the maimer set forth above.
6. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and no modification
hereof shall be binding unless reduced to v^Titing and signed by the parties hereto.
7. DURATION OF AGREEMENT
This Agreement shall terminate and become null and void upon the payment of the
affordable housing credits, or the repeal, termination, or modification of any applicable ordinance
which act would render the Affordable Housing Obligation unnecessary or unenforceable.
8. SUCCESSORS
This Agreement shall benefit and bind the Developer and any successive owners of
affordable housing lots.
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9. SEVERABILITY
In the event any provision contained in this Agreement is to be held invalid, void or
unenforceable by any court of competent jurisdiction, the remaining provisions of this Agreement
shall nevertheless, be and remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed as
ofthe day and year first above written.
DEVELOPER iOoJ nuT ^«*f^
Titie: i^O't^FK
^-GK^F CARLSB^
Debbie Fountain, Housing and
Neighborhood Services Director
Dated: ^^^^/'^ Dated: 7 I^Ql/Cf
By:
Name:
Title:
Dated:
(Chairman, president or vice-president and secretary, assistant secretary, CFO or assistant
treasurer must sign for corporations. Otherwise, the corporation must attach a resolution
certified by the secretary or assistant secretary tinder corporate seal empowering the office(s)
signing to bind the corporation.)
(If signed by an individual partner, the partnership must attach a statement of partnership
authorizing the partner to execute this instrument.)
(Proper notarial acknowledgment of execution by Contractor must be attached.)
APPROVED AS TO FORM:
Celia A. Brew^, Cjty Attorney
By:. AA. y-/^ yy Dated:
Jar^^obaldi, Assistant City Attomey
CA 2/5/2013
WELLS
FARGO All-purpose Acknowledgment California only
State of California
County of
On •-7D^)>'^ before ^nC (U>W';V. (^v^UW K>«^
personally appeared A>^'^g-Se Tov^o^C,^^
ere insert name and title ofthe officer),
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies),and that by
his/her/their signature(s) on the instrument the person(s),or the entity upon behalf
of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws ofthe State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature
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ERICBnAKOWSKI COMM. #1932019
NOTARY PUBUC-CAUFORNIA
SAN DIEQO COUNTY
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V Notary Seal
Scanner Enabled Stores should scan this form
Manual Submission Route to Deposit Operations
DSGSSSOCA (12-07113424) FO01-000DSG5350CA-01
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
A portion of Thum Lands, Tract 216, in the City of Carlsbad, County of San Diego, State of
Califomia, according to the Map thereof No. 1681, filed in the Office of the County Recorder of
San Diego County, December 9,1915. Together with those portions of Walnut Avenue and
Lincoln Street vacated by Resolution No. 96-59, a resolution of the City Council ofthe City of
Carlsbad, a certified copy recorded April 2,1996 as File No. 1996-0163578 of Official Records,
all as set forth in that certain Certificate of Compliance recorded as of April 18, 2007 as File No.
2007-0261639,2007-0261640, and 2007-0261641 ofOfficiai Records.
CA 2/5/2013