HomeMy WebLinkAbout1997-10-23; Housing Commission; Resolution 97-0101
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HOUSING COMMISSION RESOLUTION NO. 97-010
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA, TO RECOMMEND THAT
THE CITY COUNCIL APPROVE A REQUEST BY THE OCEAN
BLUFF PARTNERSHIP TO PURCHASE 16.24 AFFORDABLE
HOUSING CREDITS IN THE VILLA LOMA HOUSING PROJECT
IN ORDER TO SATISFY THE AFFORDABLE HOUSING
OBLIGATION OF THE OCEAN BLUFF PROJECT UNDER THE
CITY’S INCLUSIONARY HOUSING ORDINANCE.
APPLICANT: OCEAN BLUFF PARTNERSHIP
CASE NO: CT 93-09
WHEREAS, the Ocean Bluff Partnership has received approval of Tentative Map CT 93-
19 for the development of a 92 unit residential development;
WHEREAS, said subdivision of land requires the developer to provide 16.24 units of
lousing 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
2articipation based on the creation of 184 excess affordable housing units which would be
xvailable to satisfy other developers inclusionary housing obligation;
WHEREAS, Ocean Bluff Partnership has requested to purchase Affordable Housing
Zredits 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
:he City of Carlsbad’s Housing Commission for review and consideration;
WHEREAS, said Housing Commission did, on the 14th day of August, 1997, hold a
public meeting to consider said request for the purchase of Affordable Housing Credits by the
3cean Bluff Partnership;
WHEREAS, at the conclusion of said meeting, said Commission continued the item to
the September 11,1997 Housing Commission meeting;
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WHEREAS, said Housing Commission did, on the 11th day of September, 1997, hold a
public meeting to consider said request for the purchase of Affordable Housing Credits by the
Ocean Bluff Partnership ;
WHEREAS, at the conclusion of said meeting, said Commission continued the item to
the October 23rd, 1997 Special Housing Commission meeting;
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 Housing Commission recommends that the
City Council APPROVE a request by the Ocean Bluff Partnership to purchase 16.24
affordable housing credits in the Villa Loma housing project in order to satisfy the
affordable housing obligation of the Ocean Bluff project under the city’s inclusionary
housing ordinance.
5. That the Housing Commission recommends that the City Manager or his designee
be 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. 97-010
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General Condition:
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 $488,824 as
its payment for sixteen and twenty four one-hundredths (16.24) Credits. Execution
of this Agreement by the parties and payment of the sum of $488,824 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 from developer, City will record an appropriate release of the
developer's obligation.
PASSED, APPROVED, AND ADOPTED at a special meeting of the Housing
Commission of the City of Carlsbad, California, held on the 23rd day of October, 1997, by the
following vote, to wit:
AYES
NOES
ABSENT:
ABSTAIN:
Chairperson Schlehuber, Commissioners: Escobedo, Latas, Noble, Rose,
Scarpelli and Walker.
Commissioner Calverley .
Vice-Chairperson Wellman.
None.
n
I hfICHAEL SCHLEHUBER, Chairperson
CARLSBAD HOUSING COMMISSION
4-G L&a&
DEBBIE FOUNTAIN
Acting Housing and Redevelopment Director
HC RESO. NO. 97-010
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