HomeMy WebLinkAbout2007-09-25; City Council; Resolution 2007-2551 CITY COUNCIL RESOLUTION NO. 2007-255
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING APPROPRIATION OF
$258,677 IN HOME INVESTMENT PARTNERHSIP FUNDS TO
PROVIDE FINANCIAL ASSISTANCE TO SAN DIEGO HABITAT FOR
HUMANITY, AND TO AUTHORIZE THE CARLSBAD
5 REDEVELOPMENT AGENCY TO ADMINISTER AND EXPEND SAID
FUNDS TO FUND A LOAN WITH SAID DEVELOPER TO PROVIDE
6 FOR THE CONSTRUCTION OF ELEVEN (11) AFFORDABLE
CONDOMINIUM UNITS WITHIN THE NORTHWEST QUADRANT
7 OF THE CITY OF CARLSBAD AND VILLAGE REDEVELOPMENT
AREA AT 2578 ROOSEVELT STREET, AND MAKING SPECIFIED
FINDINGS IN CONNECTION WITH SUCH DEVELOPMENT.
9 APPLICANT; _ SAN DIEGO HABITAT FOR HUMANITY. INC.
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WHEREAS, San Diego Habitat for Humanity, Inc. (the "Developer") has proposed to construct
eleven (11) condominium units affordable to lower income households at 2578 Roosevelt Street (the12
"Property") in the Village Redevelopment Area and Northwest Quadrant of the City of Carlsbad; and
WHEREAS, the Developer has requested that the City of Carlsbad (the "City") and Carlsbad14
Redevelopment Agency (the "Agency") assist in providing additional funding to assist in the construction
of said condominium units; and
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WHEREAS, the City Council and Housing and Redevelopment Commission did both hold a
public hearing on the date of this resolution to consider said request for City/ Agency additional financial
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assistance in the amount of $258,677 for the construction of said eleven (11) affordable housing
condominium units by the Developer; and
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WHEREAS, at said public hearing, upon hearing and considering all testimony, if any, of all
persons desiring to be heard, said City Council considered all factors relating to the application and request
for financial assistance:23
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of
Carlsbad, California, as follows:25
1 . The above recitations are true and correct.
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2. The Developer's request for financial assistance is consistent with the goals and objectives
of the City of Carlsbad's Housing Element and Consolidated Plan, and the Carlsbad
General Plan.
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2 3. The Developer's request for financial assistance will assist the affordable housing
developer to construct a total of eleven (11), one and two bedroom affordable
3 condominium units. The project, therefore, has the ability to effectively serve the City's
housing needs and priorities as expressed in the Housing Element and the Consolidated
4 Plan. In accordance with Section 33433 of Health and Safety Code., the City Council
hereby finds and determines, based upon substantial evidence provided in the record
5 before it (including the accompanying staff report and Section 33433 Summary Report,
each of which are incorporated herein by this reference), that the consideration for the
6 proposed conveyance of the Property by the Carlsbad Redevelopment Agency as set forth
in the Disposition, Development and Loan Agreement (the "DDLA"), is not less than the
7 fair reuse value of the Property at the use and the covenants and [conditions and
development costs] authorized and required by the DDLA. In accordance with Section
33433 of the Act, the City Council hereby finds and determines that the development of
the Property pursuant to the DDLA will provide housing opportunities for very-low
9 income persons, and is consistent with the Village Redevelopment Implementation Plan.
10 4. That the City Council of the City of Carlsbad hereby APPROVES $258,677 in HOME
Investment Partnership Funds to provide additional financial assistance in the form of a
11 construction/permanent loan to the Developer for construction of the proposed affordable
housing project known as the Roosevelt Street Condominiums.
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5. That the City Council authorizes the Carlsbad Redevelopment Agency to administer the
13 expenditure of the noted funds on behalf of the City and execute all appropriate loan and
other documents related to provision of the City assistance, including but not limited to a
14 Disposition, Development and Loan Agreement, Promissory Note and Deed of Trust in
substantially the form presented to the City Council, and subject to review and final
15 approval by the City Attorney and/or Agency Counsel.
16 6. That the City Council authorizes the City Manager, or his/her designee, to submit all
applicable documents to the U.S Department of Housing and Urban Development and/or
17 County of San Diego to allow for appropriation and release of $258,677 in HOME Funds
to provide proceeds for the subject construction/permanent loan for the subject affordable
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CC Resolution No.
7. That the City Council authorizes the Finance Director to appropriate and provide said
funds to the Carlsbad Redevelopment Agency to fund a construction/permanent loan in
the total amount of $258,677 to San Diego Habitat for Humanity for the subject affordable
housing project.
PASSED, APPROVED, AND ADOPTED at a Special meeting of the City Council of
the City of Carjsbad, California, held on the 25tb_ day ofSeptenfcer20Q7, by the following vote, to
wit:
AYES: Council Members Lewis, Kulcbin, Hall, Packard and Nygaard.
NOES: None.
ABSENT: None.
ABSTAIN: None.
ATTEST:
L0RRAIN WO6±>, City Clerk c
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