HomeMy WebLinkAbout2022-07-19; City Council; Resolution 2022-182RESOLUTION NO. 2022-182
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO EXECUTE ALL REQUIRED
DOCUMENTS TO COMPLETE THE PURCHASE AND RESALE OF 571 LAGUNA
DRIVE AND 2669 LEIGHTON CIRCLE AS PART OF THE AFFORDABLE HOUSING
RESALE PROGRAM AND AUTHORIZING THE DEPUTY CITY MANAGER,
ADMINISTRATIVE SERVICES TO APPROPRIATE UP TO $590,000 FROM THE
COMMUNITY DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND FOR
RELATED COSTS
WHEREAS, the City Council of the City of Carlsbad, California has determined that it desires to
purchase and resell at-risk affordable housing units to eligible lower income buyers at an affordable
price to implement the city's affordable housing goals and policies; and
WHEREAS, on Dec. 8, 2020, the City Council approved Council Policy Statement No. 73 -City
Option to Purchase Resale Affordable Housing and the Affordable Housing Resale Program Guidelines
by Resolution No. 2020-234; and
WHEREAS, the property owners of 571 Laguna Drive and 2669 Leighton Circle provided notice
of their intent to sell or transfer ownership of the restricted affordable housing units; and
WHEREAS, City Council Policy No. 73 authorizes the City Manager or designee to exercise the
city's option to purchase existing affordable housing units, subject to City Council appropriation of
funds and acceptance of the grant deed; and
WHEREAS, the purchases are consistent with City Council Policy No. 73, the Affordable Housing
Resale Program Guidelines, Community Development Block Grant funds are available to fund the
purchases, the acquisitions are consistent with FY 2020-2025 Consolidated Plan priorities and are
approved activities in the FY 2022-23 CDBG Annual Action Plan; and
WHEREAS, the purchase of the two units enables the city to extend the affordability of the
existing units, and to resell them to other eligible lower-income buyers in accordance with the City of
Carlsbad Affordable Housing Resale Program; and
WHEREAS, the revenue generated from the sale of the properties will be deposited into the
Community Development Block Grant fund as program income, with the sales proceeds being available
to create more affordable housing opportunities.
EXHIBIT 1
July 19, 2022 Item #4 Page 5 of 26
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 designee, is authorized to execute all required documents for
the purchase and make all future decisions and actions necessary to implement the
resale and disposition of said properties, in compliance with City Council Policy No. 73
and the Affordable Housing Resale Program Guidelines, and to do so in full compliance
with the terms and conditions and to the satisfaction of the City Attorney.
3.That the Deputy City Manager, Administrative Services, is authorized to appropriate
$590,000 from the Community Development Block Grant Special Revenue Fund to cover
the purchase price, related escrow and other processing fees to complete the two
acquisitions. Additionally, said funds are aut�orized for costs related to refurbishing and
preparing the two units for resale.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 19th day of :!.!:!!Y, 2022, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Acosta.
None.
Norby.
f FAVIOLA MEDINA, City Clerk Services Manager
(SEAL)
July 19, 2022 Item #4 Page 6 of 26