HomeMy WebLinkAbout2000-02-10; Housing Commission; Resolution 2000-001c
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HOUSING COMMISSION RESOLUTION NO. 2000-001
A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY
OF CARLSBAD, CALIFORNIA, RECOMMENDING APPROVAL TO
THE CITY COUNCIL OF A REQUEST BY CARLSBAD LAUREL
TREE APARTMENTS, L.P. TO PROVIDE ADDITIONAL PROJECT
FUNDING IN THE AMOUNT OF $224,000 FROM THE CITY OF
CARLSBAD’S HOUSING TRUST FUND, TO RECOMMEND THE
WAIVER OF THE PUBLIC FACILITIES FEE AS PERMITTED BY
CITY COUNCIL POLICY NO. 17, AND TO RECOMMEND
APPROVAL OF A MODIFICATION AGREEMENT AND A REVISION
TO THE PREVIOUSLY EXECUTED PROMISSORY NOTE FOR THE
DEVELOPMENT OF THE 138 UNIT LAUREL TREE AFFORDABLE
APARTMENT PROJECT.
APPLICANT: CARLSBAD LAUREL TREE APARTMENTS, L.P.
CASE NO: SDP 95-01
WHEREAS, a project known as the “Laurel Tree Apartments” has been approved by the City
of Carlsbad City Council for construction of 138 apartment units which will provide housing
affordable to very low income households; and
WHEREAS, on June 28, 1994, the Housing and Redevelopment Commission of the City of
Carlsbad authorized the appropriation of $500,000 from the Carlsbad Redevelopment Agency’s Low
and Moderate Income Housing Set-aside Fund outside the Redevelopment Project Area for the
purposes of providing financial assistance for construction of new affordable rental housing units
within the proposed Laurel Tree Project; and
WHEREAS, on May 21, 1996, the City Council authorized the appropriation of $200,000
from the Housing Trust Fund for the purposes of providing financial assistance for construction of new
affordable rental housing units within the proposed Laurel Tree Project; and
WHEREAS, Carlsbad Laurel Tree Apartments, L.P has submitted a new request to the City of
Carlsbad for additional financial assistance and a waiver of the Public Facilities Fee for the Laurel
Tree Project; and
WHEREAS, on March 16, 1999 the City Council approved the deferral of the Public Facilities
Fee prior to the issuance of the final certificate of occupancy is issued for the final residential building
within the Laurel Tree Project; and
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WHEREAS, City Council Policy 17 allows for the waiver of the Public Facilities Fee for
affordable housing projects; and
WHEREAS, on February 10, 2000, the Housing Commission of the City of Carlsbad held a
public meeting to consider the request for additional financial assistance and the waiver of the Public
Facilities Fee;
WHEREAS, at said public meeting, upon hearing and considering all testimony, if any, of all
persons designing to be heard, said Commission considered all factors relating to said request:
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of the City
of Carlsbad, California, as follows:
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The above recitations are true and correct.
The Housing Commission hereby RECOMMENDS approval to the City Council of a
request by Carlsbad Laurel Tree Apartments, L.P. to provide additional project funding in
the amount of $224,000 from the City of Carlsbad’s Housing Trust Fund, to recommend
the waiver of the Public Facilities Fee as permitted by City Council Policy No. 17, and to
recommend approval of a Modification Agreement a revision to the previously executed
Promissory Note for the development of the 138 unit Laurel Tree Affordable Apartment
Project.
That the Housing Commission recommends that the City Manager or his or her designee
be authorized to execute all documents related to provision of the City assistance,
including but not limited to a Modification Agreement in substantially the form presented
to the Housing Commission on February 10, 2000, and subject to review and approval by
the City Attorney.
HC RES0 NO. 2000-001
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 10th day of February, 2000, by the
following vote, to wit:
AYES: Chairperson -. Latas, Vice-Chairperson Scarpelli, Commissioners: Griffin,
’ ,-’ and Ritchie.
NOES: None.
ABSENT: None.
ABSTAIN: None.
CARLSBb HOUSING COMMISSION
9 n A A3
DEBBIE FOUNTAIN
HOUSING AND REDEVELOPMENT DIRECTOR
HC RES0 NO. 2000-001
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