HomeMy WebLinkAbout1993-10-14; Housing Commission; Resolution 93-0101
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HOUSING COMMISSION RESOLUTION NO. 93-010
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA RECOMMENDING
APPROVAL OF CITY FINANCIAL ASSISTANCE TO AN
AFFORDABLE HOUSING PROJECT WHICH WILL PROVIDE
A TOTAL OF 344 RENTAL UNITS FOR LOW AND VERY
LOW INCOME HOUSEHOLDS TO BE LOCATED WITHIN
THE SOUTHWEST QUADRANT OF THE CITY.
CASE NAME: "THE VILLAS" AT EL CAMINO REAL
APN: 2 1 5-020-1 5
WHEREAS, the City of Carlsbad has identified a need to provide at least 1400
housing units affordable to households of low and very low income by 1996; and
WHEREAS, a project, known as the Villas at El Camino Real, has been proposed
for construction which will provide 344 residential apartments on a 21 acre parcel located
adjacent to and west of El Camino Real, between Camino Vida Roble and Alga Road, on parcel
number 21 5-020-1 5 which will be affordable to low and very low income households; and
WHEREAS, the City of Carlsbad's financial analysis of the project concludes that
city financial participation in the project is necessary and appropriate due to the public benefit
received by the City; and
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WHEREAS, the affordability level and the unit mix of the proposed project are
consistent with the City of Carlsbad’s Housing Element objectives, Comprehensive Housing
Affordability Strategy, Inclusionary Housing Ordinance, and Density Bonus Ordinance; and
WHEREAS, the project has been found to be consistent with the requirements of
the General Plan, the Carlsbad Zoning Ordinance, the Local Coastal Plan and the Growth
Management Ordinance.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing
Commission as follows:
1. ’ That the foregoing recitations are true and correct.
2. That the Housing Commission recommends to the City Council of the City of
Carlsbad approval of financial assistance to the proposed affordable housing
project known as the Villas at El Camino Real in the following form:
a. Exemption from payment of the Public Facilities Fee for entire project
based on City Council Policy 17.
b. Guarantee of the project Grading Deposit from Redevelopment Low and
Moderate Income Housing Set-Aside Funds thereby waiving the deposit
requirement for the developer.
c. Deferral of a portion of the Community Facilities District (CFD) fees. The
CFD fees will be paid in full for the first 108 units within the project. The
remaining fees for the additional 236 affordable units, resulting from the
project’s proposed increase in density, will be deferred but recaptured by
the City upon the sale of affordable housing credits, provided by the
subject project, to eligible developers to meet their inclusionary housing
requirements.
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d. Deferral of all costs to the Villas at El Camino Real related to construction
of Poinsettia Lane.
That the development team for the subject affordable housing project shall enter
into appropriate agreements with the City of Carlsbad which outline the terms of
city participation and the conditions to be met prior to commitment of city
assistance as contained within the staff report to the Housing Commission dated
October 14, 1993.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 14th day of October, 1993 by the
following vote, to wit:
AYES: AVIS, ROMBOTIS, CALVERLY, NOBLE, SATO,
WELLMAN, ESCOBEDO
NOES: NONE
ABSENT: SCARPELLI, PETERSON
ABSTAIN: NONE
DOUG AVIS, Vice Chairperson
Housing Commission
ATTEST:
EVAN BECKER, Housing and Redevelopment Director
3-010 HC RES0 NO.
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