HomeMy WebLinkAbout2023-09-26; City Council; Resolution 2023-244RESOLUTION NO. 2023-244
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 2631
HANCOCK CIRCLE AS PART OF THE CITY'S AFFORDABLE HOUSING RESALE
PROGRAM
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 owner of 2631 Hancock 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 purchase is consistent with City Council Policy No. 73, the Affordable Housing
Resale Program Guidelines, Community Development Block Grant funds are available to fund the
purchase, the acquisition is consistent with FY 2020-2025 Consolidated Plan priorities and are approved
activities in the FY 2023-24 CDBG Annual Action Plan; and
WHEREAS, the purchase of the unit enables the city to extend the affordability of the existing
unit, and to resell it to another eligible lower-income buyer in accordance with the City of Carlsbad
Affordable Housing Resale Program; and
WHEREAS, the revenue generated from the sale of the property will be deposited into the
Community Development Block Grant fund as program income, with the sale proceeds 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 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 property, 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.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 26th day of Sept., 2023, by the following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
Blackburn, Bhat-Patel, Acosta, Burkholder, Luna.
None.
None.
None.
l KEITH BLACKBURN, Mayor
f/4Yv
L, _ SHERRY FREISINGER, City Clerk v-.,. (SEAL)