HomeMy WebLinkAbout2004-09-09; Housing Commission; Resolution 2004-0021
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. 2004-002
THAT THE HOUSING COMMISSION RECOMMEND APPROVAL TO THE CITY
COUNCIL TO PROVIDE $2,000,000 IN FINANCIAL ASSISTANCE FROM THE
HOUSING TRUST FUND IN THE FORM OF LOW INCOME HOME BUYER DOWN
PAYMENT ASSISTANCE, AND APPROVAL OF THE BORROWER LOAN
DOCUMENTS FOR CONSTRUCTION OF ONE HUNDRED (1 00) AFFORDABLE
ORDINANCE REQUIREMENT FOR THE BRESSI RANCH MASTER PLAN.
FOR-SALE CONDOMINIUM UNITS TO SATISFY THE INCLUSIONARY HOUSING
APPLICANT: LENNAR COMMUNITIES
CASE NO: CP 03-03
WHEREAS, Lennar Communities is the developer of the Bressi Ranch Master Plan; and
WHEREAS, Bressi Ranch intends to construct a total of 623 residential housing units
within the Bressi Ranch Master Plan; and
WHEREAS, pursuant to the City of Carlsbad’s Inclusionary Housing Ordinance, Chapter
21.85 of the Carlsbad Municipal Code, fifteen percent of all residential development within the
Bressi Ranch Master Plan is required to be affordable to low income households; and
WHEREAS, the developer is proposing to construct 100 two and three bedroom, for-sale,
attached condominium units, which will be restricted for sale to low income households as a
means to satisfy the affordable housing obligations for the Ranch Master Plan as permitted by
Carlsbad Municipal Code Section 21.85 of the City’s Inclusionary Housing Ordinance; and
WHEREAS, on September 9, 2004, the Housing Commission held a public meeting to
consider the developer’s request for financial assistance to construct said affordable housing
units; 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 request for
financial assistance;
1
1
t
c
1(
11
1;
12
14
1:
It
17
18
19
20
21
22
23
24
25
26
27
28
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, the Consolidated Plan, the Inclusionary Housing Ordinance, and
the Carlsbad General Plan.
3. The project will provide a total of 100, for-sale, two and three bedroom attached
condominium units affordable for purchase to households at 80% or below of the
county median income which meets a "medium priority" affordable housing need as
outlined within the City of Carlsbad's approved 2000-2005 Consolidated Plan. The
project, therefore, has the ability to effectively serve the City's housing needs and
priorities as expressed in the Housing Element and the Consolidated Plan.
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
September 9, 2004, the Housing Commission hereby ADOPTS Resolution No. 2004-
02, recommending APPROVAL to the City Council to provide $2,000,000 in
financial assistance for the development of 100, for sale, affordable two and three
bedroom attached condominium units to satisfy the requirements of the Inclusionary
Housing Ordinance for the Bressi Ranch Master Plan. Funding for the project shall be
provided from the City of Carlsbad's Housing Trust Fund.
5. That the Housing Commission recommends that the City Manager or his
designee, and execute the borrower loan documents in substantially the form
submitted subject to review and approval by the City Attorney.
...
...
...
...
... ...
HC RESO. NO. 2004-02
PAGE 2
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
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 9th day of September, 2004, by the
following vote, to wit:
AYES: Huston, Ritchie, Schraml, and Smith
NOES: None
ABSENT: Scarpelli
ABSTAIN: None
n RENEE HUSTON, VICE CHAIRPERSON
CARLSBAD HOUSING COMMISSION
DEBORAH K. FOUNTAIN
HOUSING AND REDEVELOPMENT DIRECTOR
HC RESO. NO. 2004-02
PAGE 3