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HomeMy WebLinkAbout1997-12-02; City Council; Resolution 97-703ll 0 CITY COUNCIL RESOLUTI d)N . 0.97- 703 5 II 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 I/ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING A REQUEST BY CATELLUS RESIDENTIAL GROUP TO PURCHASE 16.24 AFFORDABLE HOUSING CREDITS IN THE VILLA LOMA PROJECT IN ORDER TO SATISFY THE AFFORDABLE HOUSING OBLIGATION OF THE OCEAN BLUFF PROJECT UNDER THE CITY’S INCLUSIONARY HOUSING ORDINANCE. APPLICANT: Catellus Residential Group CASE NO: CT 93-09, WHEREAS, Catellus Residential Group has received approval of Tentative Map CT 93-09 for the development of a 92 unit residential development; WHEREAS, Catellus Residential Group has received a recommendation of approval from the Housing Commission that the City Council approve the purchase of 16.24 affordable housing credits in the Villa Lorna Project to satisfy the inclusionary housing requirement of Tentative Map CT 93-09; WHEREAS, the City Council did hold a public meeting to consider said request for the purchase of Affordable Housing Credits by Catellus Residential Group; WHEREAS, at said public meeting, upon hearing and considering all testimony, if any, of all persons designing to be heard, said Council considered all factors relating to the application and request to purchase Affordable Housing Credits: NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. The project is consistent with the goals and objectives of the City of Carlsbad’s Housing Element and Comprehensive Housing Affordability Strategy, the Inclusionary Housing Ordinance, and the Carlsbad General Plan. 3. Based upon the analysis contained within the City Council Staff Report and Mousing Commission Staff Reports, the City Council finds that the off-site satisfaction of the inclusionary housing requirement is in the public interest. 4. That based on the information provided within the City Council Staff Report and the Housing Commission Staff Report and testimony presented during the public meeting of the City Council, the City Council hereby APPROVES a request by Catellus Residential Group to purchase 16.24 affordable housing credits in the Villa Lorna Project in order to satisfy the affordable housing obligation of the Ocean Bluff project under the city’s inclusionary housing ordinance. 4 0 e e 1 2 3 5. That the City Council hereby authorizes the City Manager or his designee to execute the Affordable Housing Agreement in substantially the form presented to the City Council as Exhibit 3 of the Housing Commission Staff Report dated August 14, 1997 and to execute such other documents, or take other actions as may be necessary or appropriate to assist the developer in acquiring the Affordable Housing Credits. 4 PASSED, APPROVED, AND ADOPTED at a regular meeting of 5 the City Council of the City of Carlsbad, California, held on the 2 nd day of December , 1997 by the following vote, to wit: €j II 7 a 9 AYES: Lewis, Kulchin, Finnila, Nygaard & Hall NOES: None 10 11 12 13 14 ABSENT: None ABSTAIN: CLAUDE A. LEWIS , Mayor 15 16 ATTEST: 17 ALETHA L. RAUTENKRANZ, city clerk 18 l!z-ZtkLF, QA l9 /1 (SEAL) 20 21 22 23 24 cc RESO # q -7- 703 PAGE 2 25 26 27 20