HomeMy WebLinkAbout1996-08-06; City Council; Resolution 96-268I
‘*
1
2
a
9
10
11
12
13
14
15
16
17
la
19
20
21
22
23
24
25
26
27
28
0 %
CITY COUNCIL RESOLUTION NO. 96-268
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE
EXECUTION OF AN AFFORDABLE HOUSING
AGREEMENT BETWEEN THE CITY OF CARLSBAD AND
CENTEX REAL ESTATE CORPORATION REGARDING
THE DEVELOPMENT OF SECOND DWELLING UNITS FOR
THE PURPOSE OF RECEIVING CREDIT TOWARD THE
PAYMENT OF INCLUSIONARY HOUSING IMPACT FEES.
CASE NAME: CENTEX REAL ESTATE CORPORATION i
WHEREAS, Centex Real Estate Corporation, hereinafter to be referred to as
Centex, has received approval from the City Council to develop property known as Ranch0
Verde and the Rice Property with a total of three hundred sixty (360) residential units; and
WHEREAS, conditions of approval for the subject developments and the
requirements of the City’s Inclusionary Housing Ordinance require the payment of
Inclusionary Housing Impact Fees (Impact Fees) at the rate of $2925 per market rate unit;
and
WHEREAS, it is the desire of the City Council and Centex to enter into an
agreement which permits Centex to receive credit toward its payment of Inclusionary
Housing Impact Fees through the construction of Second Dwelling Units in accordance with
the City’s Second Dwelling Unit Ordinance; and
WHEREAS, City Council finds that the subject agreement with Centex will
advance the City’s Housing Element goals of providing new affordable housing and
specifically Second Dwelling Units,
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of
the City of Carlsbad, California that:
1. The above recitations are true and correct.
1.
,’
c
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
0 0
2. The Mayor of the City of Carlsbad is authorized to execute
agreement with Centex Real Estate Corporation which is substantially in the form presen
to and approved by the City Council on the date of this resolution with such modificatic
as may be deemed necessary and appropriate by the City Attorney.
3. The Community Development Director is authorized to act on beh
of the City in administering and monitoring the agreement with Centex.
PASSED, APPROVED AND ADOPTED at a regular meeting of the C
Council of the City of Carlsbad, California, on the 6th day of AUGUST
1996.
AYES:
NOES: None
ABSENT: Council Member Finnila
ABSTAIN: None
Council Members Lewis, Nygaard, Kulchin, Hall
Mayor
ATTEST:
- I& 74. -jq-
ALETHA L. RAUTENKRANZ
City Clerk
CC RES0 NO. 96-268
2.