HomeMy WebLinkAbout1996-09-12; Housing Commission; Resolution 96-0101
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HOUSING COMMISSION RESOLUTION NO. 96-01 0
A RESOLUTION OF THE HOUSING COMMISSION OF
THE CITY OF CARLSBAD, CALIFORNIA TO
RECOMMEND APPROVAL OF THE DEVELOPMENT OF
INCOME HOUSEHOLDS WITHIN THE AMENDED SAMBI
PLANNED DEVELOPMENT ON PROPERTY GENERALLY LOCATED EAST OF PASEO DEL NORTE, NORTH OF CAMINO DE LAS ONDAS AND SOUTH OF PALOMAR
AIRPORT ROAD.
APPLICANT: SAMBI SEASIDE HEIGHTS, L.L.C
42 FOR-SALE TOWNHOMES AFFORDABLE TO LOW
CASE NO.: AHP 94-3(A)/CT92-02(A)/SDP 92-06(A)
WHEREAS, an amended Affordable Housing Project (AHP) Application
(No. 94-3A) has been submitted to the City of Carlsbad's Housing Commission for
review and consideration by the developer of Sambi Seaside Heights; and
WHEREAS, the applicant has expressed a need to receive financial
assistance in the amount of $453,600 from the City of Carlsbad Housing Trust Fund
for the purpose of assisting with the construction of the subject affordable housing
units; and
WHEREAS, said Housing Commission did, on the 12th day of
September, 1996, hold a public meeting to consider said application with the request
for financial assistance; and
WHEREAS, at said public meeting, upon hearing and considering all
testimony, if any, of all persons desiring to be heard, said Commission considered all
factors relating to the application and request for financial assistance.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing
Commission of the City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. That based on the information provided within the application and
testimony presented during the public meeting of the Housing
Commission on September 12, 1996, the Commission recommends
APPROVAL of Affordable Housing Project (AHP) No. 94-3(A) containing
42 for-sale townhomes to be affordable to low income (80% of county median) households to the City Council subject to the findings and conditions outlined herein.
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3. That the Commission's recommendation for approval of said affordable
housing project includes support for the financial assistance requested by the developer/applicant for the project in an amount not to exceed
$453,600 in the form of a loan from the City of Carlsbad's Housing
Trust Fund.
Findinns:
1. The project is consistent with the goals and objectives of the City of
Carlsbad's Housing Element and Consolidated Plan, the lnclusionary Housing
Ordinance, the Density Bonus Ordinance and the affordable housing
requirements of the approved Zone 20 Specific Plan.
2. The project, as amended, will provide a total of 42 townhomes (2 and 3
bedroom) affordable for sale to households at 80% or below the county
median which meets a "medium" priority as outlined within the City of
Carlsbad's Consolidated Plan. The project has the ability to effectively serve the City's housing needs and priorities as expressed in the Housing Element
and Consolidated Plan.
3. The project appears to be financially feasible based on review of the
prospective sources of subsidy and projected costs.
Conditions:
1.
2.
3.
4.
Recommendation of approval is granted for AHP No. 94-3(A), as shown on
Site Development Plan 92-06(A) incorporated by reference and on file in the
Housing and Redevelopment Department. Development shall occur
substantially as shown unless otherwise noted in the conditions of project
approval by the City Council.
Recommendation of approval is granted for AHP No. 94-3(A) subject to the
condition that the applicant submit an acceptable schedule for construction of
the required ratio of income restricted units for inclusion in the final Affordable
Housing Agreement to be approved prior to Final Map. The schedule shall
indicate acceptable construction phasing for the affordable units in relation to
the construction of the market rate units.
The affordable housing units must be restricted for "the useful life of the
project'' which means a minimum of 55 years. To meet this condition, the
units must either remain affordable for their useful life
allow for the transfer of the initial financial subsidy to the City of Carlsbad to " "recycle" to another qualified household (80% of county median) if there is a
resale of the unit at a market rate price.
the developer shall
Upon final approval of said affordable housing project and prior to final map
approval, the applicant shall enter into an Affordable Housing Agreement with
the City of Carlsbad. The agreement shall be binding to all future owners and
successors in interest. The Affordable Housing Agreement shall include all
terms and conditions of said project approval; the amount and form of the
City's Financial Assistance; compliance reporting requirements and
implementation agreements (such as loan agreements, trust deeds and the
resale restriction agreement).
HC RES0 NO. 96-010 PAGE 2
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5. City assistance will be structured to provide for a reduction in the amount of
assistance if the proceeds from the sale of the affordable units exceeds their
actual cost, not including the land value.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 12th day of September,
1996, by the following vote, to wit:
AYES: Chairperson Calverley, Commissioners: Sc hl eh u ber ,
NOES: Commissioner Noble.
ABSENT: Commissioner Wellman.
ABSTAIN: None.
Escobedo, Rose, Sato, Scarpelli and Walker.
ATTEST: LW-
EVAN E. BECKER Housing and Redevelopment Director
HC RES0 NO. 96-010 PAGE 3