HomeMy WebLinkAbout1993-08-12; Housing Commission; Resolution 93-0021
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HOUSING COMMISSION NO. 002
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA RECOMMENDING THAT
THE CITY COUNCIL AUTHORIZE THE PURCHASE OF
APPROXIMATELY TWENTY (20) ACRES OF REAL
PROPERTY WITH COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) FUNDS IN AN AMOUNT NOT TO EXCEED
$2.1 MILLION FOR THE PURPOSES OF DEVELOPING
AFFORDABLE HOUSING IN CARLSBAD.
CASE NAME: LITTLE BRESSI
APN: 215-020-15 & 215-020-01
WHEREAS, the City of Carlsbad has identified a need to purchase property for
the purposes of the development of affordable housing; and
WHEREAS, property located generally on the west side of El Camino Real
between Palomar Airport Business Park and Sunfresh Rose Greenhouses, APN: 21 5-020-1 5 &
21 5-020-0 1, is available for purchase for the purpose of causing the development of affordable
housing; and
WHEREAS, the Housing Commission supports the purchase of property for the
purposes of providing affordable housing within the City of Carlsbad;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing
Commission as follows:
A)
B)
That the foregoing recitations are true and correct.
That the Housing Commission recommends that the City Council of the City of
Carlsbad APPROVE purchase of property identified by AF": 215-020-15 and
215-020-01 subject to the following terms and conditions:
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Terms a nd Co nditiom:
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The City Council shall authorize expenditure of up to $2.1 million for the purchase
and attendant costs of appraisals and closing.
Funds shall be drawn from the City’s Community Development Block Grant
(CDBG) Housing Fund and other CDBG funds which are approved for the
transaction by the U.S. Department of Housing and Urban Development.
The purchase shall be subject to all applicable HUD terms and conditions governing
the federal CDBG program, including but not limited to:
a.
b.
C.
d.
e.
contract with HUD for repayment of any loans for the purchases;
pledge of grants made or for which the City may become eligible to repay any
loans for the purchase;
at discretion of HUD, provide other security which may be required for any
loans made to the City for the purchase;
repay any loans made to the City by HUD within a period not to exceed
twenty (20) years; and,
use the property for a purpose which provides direct benefit to low/moderate
income persons, such as affordable housing.
The value of the site in relation to the option purchase shall be supported with at
least one MA1 appraisal.
The purchase shall be subject to an agreement with Aviara Land Associates Limited
Partnership (ALA), holder of the option on the subject property, whereby the land
shall be held for a period of at least eighteen (18) months exclusively for the
development of affordable housing as proposed by ALA and their partners and as
approved by the City of Carlsbad. If the ALA project does not commence within
eighteen (18) months, ALA shall have, for a period of six (6) months, the option of
purchasing the subject property from the City for its full purchase cost. In any
event, the subject property shall remain devoted exclusively to affordable housing
development.
HC RES0 NO. 002 2
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 12th day of August, 1993 by the
following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Edward Scarpelli, Chairperson; Doug Avis; Jerry Rombotis;
Nancy Calverly; Bailey Noble; Cheri Sato; Kathleen Wellman;
Ofelia Escobedo; and Marvin Peterson, Commissioners
None
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ATTEST:
d-
EVAN BECKER
HOUSING AND REDEVELOPMENT DIRECTOR
HC RES0 NO. 002 3