HomeMy WebLinkAbout1997-08-14; Housing Commission; Resolution 97-0091
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HOUSING COMMISSION RESOLUTION NO. 97-009
A RESOLUTION OF THE HOUSING COMMISSION
OF THE CITY OF CARLSBAD, CALIFORNIA, TO
RECOMMEND THAT THE CITY COUNCIL
APPROVE A REQUEST BY TRC DEVELOPMENT
CORPORATION TO PURCHASE 2.55
AFFORDABLE HOUSING CREDITS IN THE VILLA
LOMA HOUSING PROJECT IN ORDER TO
SATISFY THE AFFORDABLE HOUSING
OBLIGATION OF THE MAR VISTA AT LA COSTA
PROJECT UNDER THE CITY’S INCLUSIONARY
HOUSING ORDINANCE.
APPLICANT: TRC DEVELOPMENT
CASE NO: CT 97-08/PUD 07-05
WHEREAS, TRC Development has made application for Tentative Map CT 97-
08 and Planned Unit Development PUD 97-05 with the City of Carlsbad for the
development of a 17 unit residential subdivision;
WHEREAS, the subdivision of land for 17 residential units requires the developer
to provide 2.55 units of housing affordable to lower income households as required by
Carlsbad Municipal Code Section 21.85 of the City’s Inclusionary Housing Ordinance;
WHEREAS, the Villa Loma housing project was conceived and developed with
City participation based on the creation of 184 excess affordable housing units which
would be available to satisfy other developers inclusionary housing obligation;
WHEREAS, TRC Development has requested to purchase Affordable Housing
Credits as a means to satisfy their affordable housing obligations as permitted by
Carlsbad Municipal Code Section 21.85 of the City’s Inclusionary Housing Ordinance
and consistent with City Council Policies 57 and 58;
WHEREAS, the request to purchase Affordable Housing Credits has been
submitted to the City of Carlsbad’s Housing Commission for review and consideration;
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WHEREAS, said Housing Commission did, on the 14* day of August, 1997, hold
a public meeting to consider said request for the purchase of Affordable Housing Credits
by TRC Development;
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 to purchase Affordable Housing Credits;
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. The project is consistent with the goals and objectives of the City of
Carlsbad’s Housing Element and Comprehensive Housing Affordability
Strategy, the Inclusionary Housing Ordinance, and the Carlsbad General Plan.
3. Based upon the analysis contained within the Housing Commission Staff
Report, the Housing Commission finds that the off-site satisfaction of the
inclusionary housing requirement is in the public interest.
4. That based on the information provided within the Housing Commission Staff
Report and testimony presented during the public meeting of the Housing
Commission on August 14, 1997 the Commission recommends that the City
Council APPROVE a request by TRC Development Corporation to purchase
2.55 affordable housing credits in the Villa Loma housing project in order to
satisfy the affordable housing obligation of the Mar Vista at La Costa project
under the city’s inclusionary housing ordinance.
5. That the Housing Commission recommends that the City Manager or his
designee is authorized to execute the Affordable Housing Agreement in
substantially the form presented in the Exhibit 3 for the Housing Commission
Staff Report and to execute such other documents, or take other actions as may
be necessary or appropriate to assist the developer in acquiring the Affordable
Housing Credits.
HC RESO. NO. 97-009
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General Conditions:
1. Within sixty (60) days of the City Council approval of Developer's request to
purchase Affordable Housing Credits, and prior to receiving Final Map approval,
Developer shall execute this Agreement and pay to the City the sum of $ 76,755 as its
payment for two and fifty-five one-hundredths (2.55) Credits. Execution of this
Agreement by the parties and payment of the sum of $ 76,755 to the City by the
Developer shall fully satisfy the Developer's affordable housing obligation pursuant
to Chapter 21.85 of the Carlsbad Municipal Code and the above-referenced conditions
of approval. Upon execution of this Agreement and receipt of the above payment
fiom developer, City will record an appropriate release of the developer's obligation.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 14* day of August, 1997, by
the following vote, to wit:
AYES:
NOES:
AB SENT:
ABSTAIN:
Vice-Chairperson Wellman, Commissioners: Calverley, Escobedo,
Latas, Rose, Scarpelli & Walker.
None.
Chairperson Schlehuber & Commissioner Noble.
None.
LLMAN, Vice-Chairperson
CARLSBAD HOUSING COMMISSION
n
/ .
DEBBIE FOUNTAIN
Acting Housing and Redevelopment Director
HC RESO. NO. 97-009
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