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HomeMy WebLinkAbout2004-09-09; Housing Commission; Resolution 2004-003I 1 ( 1( 11 1: 1: 1' 1: It 1; ia 1s 20 21 22 23 24 25 26 27 28 ' HOUSING COMMISSION RESOLUTION NO. 2004-003 THAT THE HOUSING COMMISSION RECOMMEND APPROVAL TO THE CITY COUNCIL TO ALLOW THE PURCHASE OF SIXTEEN AFFORDABLE HOUSING CREDITS IN THE VILLA LOMA AFFORDABLE HOUSING DEVELOPMENT TO SATISFY A PORTION OF THE REQUIREMENT OF THE INCLUSIONARY HOUSING ORDINANCE FOR THE THOMPSON/TABATA RESIDENTIAL DEVELOPMENT. APPLICANT: STANDARD PACIFIC CORPORATION CASE NO: CT 98-14 WHEREAS, Standard Pacific Corporation has received approval of Tentative Map CT 98-14 for the development of a 262 unit residential development; and WHEREAS, said subdivision of land requires the developer to provide 40 units of housing affordable to lower income households as required by Carlsbad Municipal Code Section 21.85 of the City's Inclusionary Housing Ordinance; and 4 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; and WHEREAS, Standard Pacific Corporation has received approval to develop a 24 unit for- sale condominium project to satisfy a portion of their overall inclusionary housing requirement; and WHEREAS, Standard Pacific Corporation has requested to purchase Affordable Housing 4 Credits as a means to satisfy the remainder of 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; an d WHEREAS, the request to purchase Affordable Housing Credits has been submitted to the City of Carlsbad's Housing Commission for review and consideration; and 4 1( 1: 1: 1: 1L 1: 1f li 18 IS 2c 21 22 23 24 25 26 27 28 publi WHEREAS, said Housing Commission did, on the 9’ day September, 2004, hold a meeting to consider said request for the purchase of Affordable Housing Credits by the Standard Pacific Corporation; 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 to purchase Affordable Housing Credits; NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of the City of Carlsbad, California, as follows: 1. 2. 3. 4. 5. Ill Ill The above recitations are true and correct. The project is consistent with the goals and objectives of the City of Carlsbad’s Housing Element and Consolidated Plan, the Inclusionary Housing Ordinance, and the Carlsbad General Plan. Based upon the analysis contained within the Housing Commission Staff Report, the Housing Commission finds that the off-site satisfaction of a portion of the inclusionary housing requirement is in the public interest. 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 recommends that the City Council APPROVE a request by the Standard Pacific Corporation to purchase 16 affordable housing credits in the Villa Lorna housing project in order to satisfy the affordable housing obligation of the ThompsonlTabata project under the City’s Inclusionary Housing Ordinance. That the Housing Commission recommends that the City Manager or his or her designee be authdrized 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. 2004-03 PAGE 2 ( 5 1( 11 1; 1: 14 15 1f li 18 1s 2G 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: NOES: None Huston, Ritchie, Schraml, and Smith ABSENT: Scarpelli ABSTAIN: None RENEE HUSTON, VICE CHAIRPERSON CARLSBAD HOUSING COMMISSION HOUSING AND REDEVELOPMENT DIRECTOR HC RESO. NO. 2004-03 PAGE 3