HomeMy WebLinkAbout2005-12-20; City Council; Resolution 2005-3811
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CITY COUNCIL RESOLUTION NO. 2005-381
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, TO APPROVE THE DESIGNATION OF THE ROOSEVELT STREET
AFFORDABLE CONDOMINIUMS AS A COMBINED PROJECT UNDER THE CITY OF
CARLSBAD’S INCLUSIONARY HOUSING ORDINANCE, AND AUTHORIZE THE
CARLSBAD REDEVELOPMENT AGENCY TO SELL HOUSING CREDITS WITHIN
THE PROJECT TO OTHER HOUSING DEVELOPERS WITH PROJECTS WITHIN
THE NORTHWEST QUADRANT, SUBJECT TO FINAL APPROVAL BY THE CITY
WHEREAS, in 1993, the City of Carlsbad adopted an Inclusionary Housing Ordinance,
Chapter 21.85 of the Carlsbad Municipal Code, which requires all housing developers to provide
at least 15% of the housing units they construct to be affordable to lower income households; and,
WHEREAS, pursuant to Chapter 2 1 A5.080 of the Carlsbad Municipal Code, the City
has sole discretion to authorize a residential site to be designated as a combined inclusionary
housing project; and,
WHEREAS, the City Council also has sole discretion as to which housing developments
may satisfy their inclusionary housing obligations by financially participating in an off-site
combined project; and
WHEREAS, the Carlsbad Redevelopment Agency has partnered with Habitat for
Humanity to construct a total of eleven (1 1) for-sale condominium units affordable to very low
income households on property owned by the Agency and located at 2578 Roosevelt Street within
the Village Redevelopment Project Area and the Northwest Quadrant of the City of Carlsbad; and
WHEREAS, said units are excess units in that they will not be provided to meet the
inclusionary requirement of a specific master housing development but may be used to do so if
approved by the City Council; and
WHEREAS, the Carlsbad Redevelopment Agency has expressed a desire to sell the
excess housing credits produced by said project, Roosevelt Street Condominiums, at 2578
Roosevelt Street to housing developers with a small inclusionary housing requirement for a
housing development located within the Northwest Quadrant of the City; and
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WHEREAS, the City Council has an interest in providing a combined project within the
Northwest Quadrant to assist small housing developers in their effort to satisfy their inclusionary
housing requirements.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City
of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. The City Council hereby designates the eleven (1 1) unit Roosevelt Street
Affordable Condominium development to be constructed on Carlsbad
Redevelopment Agency owned property located at 2578 Roosevelt Street as a
combined housing project pursuant to Carlsbad Municipal Code 21.85.080.
3. The City Council hereby authorizes the Carlsbad Redevelopment Agency to sell a
total of eleven (1 1) housing credits within the project to one or more small
housing developers to assist them in their effort to satisfy their inclusionary
housing obligations, subject to final financial participation approval by the City
Council.
4. The City Council reserves its sole discretion to decide which private housing
developments within the Northwest Quadrant will be permitted to satisfy their
inclusionary housing obligations by financially participating in an off-site
combined housing project.
5. The Carlsbad Redevelopment Agency shall be responsible for setting the housing
credit purchase price for said combined project.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council
of the City of Carlsbad, California, held on the 20th day of December ,2005, by the following
vote, to wit:
AYES: Council Members Lewis, Hall, Packard, Sigafoose
NOES: None
ABSENT: Council Member Kulch
ABSTAIN: None
ATTEST:
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