HomeMy WebLinkAbout1999-07-20; Housing & Redevelopment Commission; Resolution 3121
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HOUSING AND REDEVELOPMENT COMMISSION RESOLUTION NO. 3 12
A RESOLUTION OF THE HOUSING AND REDEVELOPMENT C0”IS
THE CITY OF CARLSBAD, CALIFORNIA, APPROVING CERTAIN ACTH
APPROPRIATING FUNDING FOR ACQUSITION OB RESIDENTIAL
PROPERTY AT 3363 TYLER COURT OUTSIDE THE BOUNDARIES
VILLAGE REDEVELOPMENT AREA FOR LOWER INCOME AFFC
HOUSING PURPOSES
WHEREAS, the Redevelopment Agency of the City of Carlsbad, hereinafter
as “Agency”, is a Community Redevelopment Agency organized and existing
Community Redevelopment Law, Health and Safety Code Section 33000, et. Seq.,
referred to as the “Act”; and
WHEREAS, the Agency is authorized to implement the Redevelopment P
Carlsbad Village Redevelopment Project Area; and
WHEREAS, Section 33334.2 of the Act requires that no less than twenty per
of all taxes which are allocated to the Agency be used for purposes of increasing and
the community’s supply of low and moderate income housing; and
WHEREAS, pursuant to Section 33334.2(8) of the Act, the Agency may use 1
inside or outside the project area upon a resolution of the Agency and the legislative bc
use will be of benefit to the project. This determination shall be final and conclusive :
of benefit to the project area; and
WHEREAS, to carry out the purposes of increasing and improving the co
supply of low and moderate income housing, Section 33334.2(e) of the Act states that 1
may exercise any or all of its powers, including without limitations, acquiring land I
sites, improving land or building sites with onsite or offsite improvements, donati
private or public persons or entities, constructing buildings or structures, acquiring b
structures, providing subsidies to, or for the benefit of, very low income househc
income households, or persons or families of low and moderate income, or other pow1
out the purposes of the Act; and
WHEREAS, the City of Carlsbad has a significant need for affordab
throughout the community as set forth in both its Housing Element of the General P
federally-required Consolidated Plan; and,
WHEREAS, the provision of affordable housing either inside or c
Redevelopment Project Area will have a substantial benefit to the Project Area; and
WHEREAS, the Housing and Redevelopment Commission previously
Redevelopment Agency Staff to enter into negotiations to purchase property at 3363 ‘
for affordable housing purposes; and
I WHEREAS, Redevelopment Agency Staff has completed negotiations with
property owners to acquire the property (Tyler Court Senior Apartments) at 3363 7
outside the Village Redevelopment Area, under no threat of condemnation and at a
value, for the purposes of increasing affordable housing opportunities for very low inc
households; and
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WHEREAS, based on the facts presented to the Commission, the Cornu
determined that the acquisition of the subject property is consistent with the goals and
of the Carlsbad Village Redevelopment Plan, the Village Master Plan and Design h
1995-2000 Village Redevelopment Area Implementation Plan and the Housing Elen
City of Carlsbad’s General Plan; and
WHEREAS, the acquisition of the subject site will increase affordable housinl
within the City of Carlsbad, and for the benefit of the Village Redevelopment Area, t
provision of seventy-five units of income and rent restricted apartment units for seniors
WHEREAS, per Section 15301 of the State CEQA Guidelines, the acquisi
property is exempt from environmental review under CEQA because the acquisition w
the continuation of an existing facility involving no expansion of use; and
WHEREAS, the proposed project is consistent with the requirements of S8
Article XXXTV of the California Constitution as related to a low rent housing project I
a state public body as a result of voter approval of Proposition X on November 4, 1
allows for a total of 250 units of senior low-income housing which has not yet been 1
the City; and
WHEREAS, the Commission approves the expenditure of funds from thc
Redevelopment Agency’s Low and Moderate Income Housing Set-Aside Fund c
Redevelopment Project Area for the purposes of acquiring seventy-five senior apartmc
create new affordable housing opportunities for the City of Carlsbad.
NOW, THEREFORE, BE IT HEREBY RESOLVED, by the HO
Redevelopment Commission of the City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. The Housing and Redevelopment Commission previously authorized the H
Redevelopment Director and the Community Development to negotiate anc
purchase agreement for the property at 3363 Tyler Court for the p
providing affordable housing opportunities to lower senior households
community.
3. The Housing and Redevelopment Commission hereby APPROVES the
of the property at 3363 Tyler Court by the Carlsbad Redevelopment Agc
amount of five million dollars ($5,000,000) for the purposes of providing
housing to seventy-five (75) very low income senior households, subject t
and conditions set forth in the previously executed purchase agreement I
escrow instructions.
4. The Housing and Redevelopment Commission hereby approves the expc
monies from the Carlsbad Redevelopment Agency’s Low and Modera
Housing Fund for the purposes of acquiring seventy-five units of rental
create new affordable housing opportunities for very low income senior :
outside the Redevelopment Project Area, in which such funds are genc
hereby finds that such expenditure for affordable housing purposes is and
benefit to the respective Project Area.
5. The Housing and Redevelopment Commission authorizes the Red(
Agency’s Finance Director to appropriate and expend Low and Moder;
Housing Funds in the maximum amount of one million six hundred thous
($1,600,000) for acquisition of the subject seventy-five (75) senior apar
and related property located at 3363 Tyler Court.
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6. The Housing and Redevelopment Commission authorizes the Finance 1
amend the City’s 1999-2000 Capital Improvement Program budget to a
and subsequently expend, three hundred sixty-seven thousand dollars ($3
unappropriated interest earnings (for the 1993 Redevelopment Bond procec
Tyler Court Apartments acquisition.
7. The Housing and Redevelopment Commission authorizes the Finance 1
amend the City’s 1999-2000 Capital Improvement Program budget to
Redevelopment Roosevelt Block Project and reappropriate the previousl:
funds in the amount of two hundred fifty-one thousand and seventy-sel
($25 1,077) to the Tyler Court Apartment acquisition. The Redevelopmeni
Block Project shall be re-established at a later date with a reappropriation t
to the originally approved amount of $25 1,077 from revenue generated as
annual operations of the Tyler Court Apartments or otherwise.
8. The Housing and Redevelopment Commission authorizes the Finance :
amend the City’s 1999-2000 Capital Improvement Program budget to
amount of funding appropriated to the Village Public Parking Enhanceme
to two hundred forty-two thousand dollars ($242,000) and reapprc
remaining six hundred fifty-eight thousand dollars ($658,000) in Redc
Bond Funds to the Tyler Court acquisition. The Village Public Parking En
Program shall be reimbursed funds up to a maximum of the originall!
amount of $900,000 through future appropriations of revenue generated as
annual operations of the Tyler Court Apartments or otherwise.
9. The Housing and Redevelopment Commission authorizes the Redc
Agency’s Executive Director, or designee, to enter into an agreement with
Carlsbad for a loan in the maximum amount of nine hundred forty-eigl
appropriate and expend those loan proceeds for the acquisition of the sui
apartment units by the Redevelopment Agency.
nine hundred twenty three dollars ($948,923), and authorizes the Finance
10. The Housing and Redevelopment Commission authorizes the Agency’s
Director to establish a repayment plan for the loan set forth in #9 a1
approves the use of, all or a portion of, future deposits to the Low an(
Income Housing Fund and/or proceeds from the future sale of the propose’
an affordable housing developedmanager, if deemed appropriate at a later
11. The Low and Moderate Income Housing Funds, the Redevelopment Bor
and the City of Carlsbad Loan proceeds will be used in combination w
Home Investment Partnership Program Funds (HOME) and City of Carlsb
Trust Funds to finance the acquisition of the subject property for very 1
affordable housing purposes.
12, The Housing and Redevelopment Commission authorizes the Red1
Agency’s Executive Director, or designee, to execute all appropriate
documents subject to prior approval of the City Attorney.
13. The Housing and Redevelopment Commission authorizes the City Clerk
of Carlsbad to execute the Certificate of Acceptance of the Deed for
property, upon preparation by the Escrow Officer and on beh
Redevelopment Agency.
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14. Upon completion of the purchase transaction, the Redevelopment Agency
the subject property until such time as subsequent action is taken by the HI
Redevelopment Commission to approve a change in ownership, if deterrr
appropriate for long-term operation of the subject project. The Rede
Agency is authorized to immediately solicit proposals for contract manager
subject property by a non-profit organization.
15. Upon the date on which the Redevelopment Agency assumes owners
subject property, the Housing and Redevelopment Commission approves
on future operation of the apartment project with restrictions on incomes
rates. The Commission shall require that no less than 50% of the units be
to households at 30% or less of the Area Median Income and the rema
shall be affordable to households at 50% or less of the Area Median Incc
restrictions shall remain on the property for the life of the project which
minimum of thirty (30) years.
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1999, by the following vote, to wit: 12
Redevelopment Commission of the City of Carlsbad, California held on the 20th day oj 11
PASSED, APPROVED AND ADOPTED at a regular meeting of the Housinl
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14 NOES: None
AYES: Lewis, Finnila, Nygaard, Kulchin
15 II ABSENT: Hall
ABSTAIN: None
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