HomeMy WebLinkAbout2021-02-23; City Council; Resolution 2021-047RESOLUTION NO. 2021-047
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE DEPUTY CITY MANAGER, ADMINISTRATIVE
SERVICES, TO APPROPRIATE $150,000 FROM THE COMMUNITY
DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND AND $105,000
FROM THE HOUSING TRUST FUND AND AUTHORIZING THE CITY MANAGER
TO EXECUTE ALL REQUIRED DOCUMENTS TO COMPLETE THE PURCHASE OF
AN AFFORDABLE HOUSING UNIT AT 2687 LEIGHTON CIRCLE
WHEREAS, the property owner of 2687 Leighton Circle provided notice to the city on Dec. 3,
2020, indicating the owner's intent to sell or transfer ownership of the restricted affordable housing
unit at the noted location; and
WHEREAS, City Council Policy No. 73 authorizes the city manager or designee to exercise the
city's option to purchase an existing affordable housing unit, subject to City Council appropriation of
funds and acceptance of the grant deed; and
WHEREAS, the purchase is consistent with City Council Policy No. 73 guiding principles in that:
1) the unit would be at-risk of converting to market rate since the owner's resale restriction agreement
with the city has been in effect for more than 15 years; 2) Community Development Block Grant funds
are available to partially cover the purchase, the acquisition is consistent with FY 2020-2025
Consolidated Plan priorities and is an approved activity in the FY 2020-21 CDBG Annual Action Plan;
and 3) sufficient funding exists in the Housing Trust Fund to cover the remaining acquisition cost; and
WHEREAS, the purchase approval by the City Council enables the city to preserve and extend
the affordability of the existing unit, and to resell it to an eligible buyer in accordance with the City of
Carlsbad Affordable Housing Resale Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1.That the above recitations are true and correct.
2.That the Deputy City Manager, Administrative Services, is authorized to appropriate
$150,000 from the Community Development Block Grant Special Revenue Fund and
$105,000 from the Housing Trust Fund for the property purchase at 2687 Leighton
Circle.
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3. That the city manager is authorized to execute all required documents, including the
Acceptance of the Grant Deed (Attachment A), for the purchase of said property, and to
expend $150,000 from the Community Development Block Grant Special Revenue Fund
and $105,000 from the Housing Trust Fund to cover the purchase price, related escrow
and other processing fees to complete the acquisition. Additionally, said funds are
authorized for costs related to refurbishing and preparing the unit for resale.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 23rd day of February, 2021, by the following vote, to wit:
AYES: Hall, Blackburn, Acosta, Bhat-Patel, Schumacher.
NAYS: None.
ABSENT: None.
MATT HALL, Mayor
ATM1)4YAAVIA"NY-'
BARBARA ENGLESON, Cif y Clerk
(SEAL)
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Attachment A
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