HomeMy WebLinkAbout1998-09-29; Housing Commission; Resolution 98-0141
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HOUSING COMMISSION RESOLUTION NO. 98-014
THAT THE HOUSING RECOMMEND APPROVAL TO THE CITY
COUNCIL TO $920,000 IN FINANCIAL ASSISTANCE FOR THE
CONSTRUCTION OF NINETY TWO AFFORDABLE
APARTMENT UNITS TO HELP SATISFY THE REQUIREMENTS
OF THE INCLUSIONARY HOUSING ORDINANCE FOR THE
POINSETTIA PROPERTIES SPECIFIC PLAN.
APPLICANT: BRIDGE HOUSING CORPORATION
CASE NO: SDP 98-09
WHEREAS, the master developer of the Poinsettia Properties Specific Plan,
HSL/BP/Magellan, L.L.C, has proposed to construct 92 apartment units affordable to lower income
households as a means to satisfy a portion of their affordable housing obligation as permitted by
Carlsbad Municipal Code Section 21.85 of the City’s Inclusionary Housing Ordinance; and
WHEREAS, the master developer’s proposal to construct said units has been submitted to the
City of Carlsbad’s Housing Commission for review and consideration; and
WHEREAS, said Housing Commission did, on the 27th day of August, 1998, hold a public
meeting to consider said proposal to construct 92 affordable housing apartment units; and
WHEREAS, at the conclusion of said special public meeting, the Housing Commission
recommended approval of the proposal to the Planning Commission and City Council; and
WHEREAS, said Housing Cominission did, on the 29th day of September, 1998, hold a public
meeting to consider the request for City financial assistance for the construction of said 92 affordable
housing apartment units by of the affordable housing developer, Bridge Housing Corporation; and
WHEREAS, upon hearing and considering all testimony, if any, of all persons desiring to be
heard, said Commission considered all factors relating to the proposal to construct said affordable
housing units.
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.
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The request for City financial assistance is consistent with the goals and objectives of
the City of Carlsbad’s Housing Element, Consolidated Plan, the Inclusionary Housing
Ordinance, and the Carlsbad General Plan.
The request for City fmancial assistance will assist the affordable housing developer to
construct a total of 92, one, two and three bedroom affordable apartment units. 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.
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 29, 1998, the Housing Commission hereby ADOPTS Resolution No. 98-
014, recommending APPROVAL to the City Council to provide up $920,0000 in
financial assistance from the City of Carlsbad’s Housing Trust Fund to Bridge Housing
Corporation for the construction of ninety two (92) affordable apartment units to help
satis@ the requirements of the Inclusionaxy Housing Ordinance for the Poinsettia
Properties Specific Plan.
That the Housing Commission’recommends that the City Council grant the
applicant’s request to waive the Public Facility Fee requirement for this project
as permitted by City Council Policy No. 17.
That the Housing Commission recommends that the City Manager or his designee be
authorized by the City Council to execute all documents related to provision of the City
assistance, including but not limited to a Loan Agreement, Note, Deed of Trust and
Regulatory Agreement, in substantially the form presented to the Housing Commission
on September 29, 1998, and subject to review and approval by the City Attorney.
PASSED, APPROVED, AND ADOPTED at a meeting of the Housing Commission of the City
of Carlsbad, California, held on the 29& of September, 1998, by the following vote, to wit:
AYES: Chairperson Wellman, Commissioners: Noble, Rose, Walker,
NOES: Commissioner Latas.
Escobedo and Scarpelli.
ABSENT: commissioner Calverley.
ABSTAIN: None. n ,
CAIUSBAD HOUSING COMMISSION
HOUSING AND REDEVELOPMENT DIRECTOR
HC RES0 NO. 98-014
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