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HomeMy WebLinkAbout2022-03-08; City Council; Resolution 2022-052RESOLUTION NO. 2022-052 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING THE SALE OF ELEVEN CITY OWNED AFFORDABLE UNITS TO LOWER INCOME QUALIFIED HOUSEHOLDS SELECTED PURSUANT TO THE AFFORDABLE HOUSING RESALE PROGRAM GUIDELINES FOR THE PROPERTIES LOCATED AT MULBERRY IN BRESSI RANCH OFF GATEWAY ROAD AND ROSE BAY IN THE BAY COLLECTION OFF POINSETTIA LANE AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL DOCUMENTS NECESSARY TO COMPLETE THE TRANSACTIONS WHEREAS, the City Council of the City of Carlsbad, California has determined that it desires to resell the city owned affordable housing units to eligible lower income buyers at a lower price to implement the city's affordable housing goals and policies; and WHEREAS, on December 8, 2020 the City Council approved the City Council Policy Statement No. 73 amendments and the Affordable Housing Resale Program Guidelines by Resolution No. 2020- 234; and WHEREAS, a 15-day public notice prior to the application period opening began November 4, 2021 and concluded on November 18, 2021; and WHEREAS, the application period began on November 19, 2021 and concluded on January 17, 2022; and WHEREAS, priority consideration was given to qualified applicants whose total household income is less than or equal to 50% of area median income and applicants who currently have a high housing cost burden, which is 50 percent or more of monthly household income, consistent with the Affordable Housing Resale Guidelines; and, WHEREAS, at the conclusion of the application period eleven households were evaluated and selected consistent with the Affordable Housing Resale Guidelines; and WHEREAS, the revenue generated from the sale of the property will be deposited into the Community Development Block Grant fund as program income or into the Housing Trust Fund, depending on which funding source was used for the purchase of each specific unit, with the sales proceeds then being available to create more affordable housing opportunities. 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 City Manager, or his designee, is hereby authorized to act on behalf of the City of Carlsbad in all future decisions and actions necessary to implement the sale and disposition of the eleven units to eleven selected lower income households for the city owned affordable units located in the Mulberry and Rose Bay developments in the City of Carlsbad identified in Attachment A, and to do so in full compliance with City Council Policy No. 73 and the Affordable Housing Resale Guidelines, and to the satisfaction of the City Attorney. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 8th day of March, 2022, by the following vote, to wit: AYES: Hall, Blackburn, Bhat-Patel, Acosta, Norby NAYS: None ABSENT: None (` MATT HALL, Mayor FAVIOLA MEDINA, City Clerk Services Manager (SEAL) Attachment A Property no. Location APN Development Source of Funding 1 Alameda Circle 213-190-04-29 Mulberry CDBG 2 Liberty Place 213-190-05-48 Mulberry CDBG 3 Hancock Circle 213-190-04-08 Mulberry CDBG 4 Alameda Circle 213-190-04-25 Mulberry CDBG 5 Hancock Circle 213-190-04-13 Mulberry CDBG 6 Hancock Circle 213-190-04-13 Mulberry CDBG 7 Forsters Tern Drive 214-620-14-22 Rose Bay CDBG 8 Hancock Circle 213-190-04-10 Mulberry CDBG 9 Forsters Tern Drive 214-620-14-13 Rosebay HTF 10 Leighton Circle 213-190-05-30 Mulberry CDBG 11 Alameda Circle 213-190-04-23 Mulberry CDBG March 8, 2022 Item #3 Page 7 of 27