HomeMy WebLinkAbout1994-06-09; Housing Commission; Resolution 94-0111
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
HOUSING COMMISSION RESOLUTION NO. 94-01 1
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA RECOMMENDING
APPROVAL OF CITY/REDEVELOPMENT AGENCY
FINANCIAL ASSISTANCE TO AN AFFORDABLE HOUSING
PROJECT WHICH WILL PROVIDE A TOTAL OF 152 RENTAL
UNITS FOR LOWER INCOME HOUSEHOLDS TO BE
LOCATED WITHIN THE SOUTHWEST QUADRANT OF THE
CITY.
CASE NAME: LAUREL TREE AFFORDABLE HOUSING PROJECT
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 Laurel Tree Project, has been proposed for
construction which will provide 152 residential apartments on an 8.5 acre parcel located south
of Palomar Airport Road, at Laurel Tree Lane, which will be affordable to lower income
households; and
WHEREAS, the City of Carlsbad’s preliminary financial analysis of the project
concludes that city financial participation in the project will be necessary and appropriate due to
the public benefit received by the City; and
....
....
....
....
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
HC RESO. NO. 94-011
PAGE 2
.... ....
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.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission as
follows:
1.
2.
3.
....
....
That the foregoing recitations are true and correct.
That the Housing Commission recommends to the City CounciVHousing and
Redevelopment Commission of the City of Carlsbad approval of financial
assistance to the proposed affordable housing project known as the Laurel Tree
Affordable Housing Project on Laurel Tree Lane, south of Palomar Airport Road
in the following form:
A cash contribution of up to $500,000 from the Redevelopment Low and
Moderate Income Housing Fund to be provided for the purposes of property
acquisition for the Laurel Tree Affordable Housing Project. These funds shall be
provided on a $1 .OO for $1 .OO matching basis according to the amount of Federal
assistance HOME funds received from the State of California. Provision of the
CityRedevelopment Agency funds shall be contingent upon approval of a HOME
funds application to be submitted by the project development team and final
approval of the housing project by the City Council of the City of Carlsbad.
That the Housing Commission recommends 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 financial participation in the
project and the conditions to be met prior to commitment of City assistance to the
subject project.
.
1
2
3
4
5
6
7
e
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
20
HC RESO. NO. 94-011
PAGE 3
....
.... ....
....
....
4. That the Housing Commission recommends that the City of Carlsbad support the
application for HOME funds to be submitted to the State of California by the
development team for the subject project, which includes the non-profit multi-
purpose agency known as the Metropolitan Area Advisory Committee (WAC
Project).
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 9th day of June, 1994 by the
following vote, to wit:
ATTEST:
AYES:
NOES: None.
ABSENT: Commissioners: Wellman & Ro
ABSTAIN: Commissioner Avis.
Commissioners: Scarpelli, Sato, Calverley, Escobedo
& Noble.
EVAN BECKER
Housing and Redevelopment Director