HomeMy WebLinkAbout2024-04-09; City Council; Resolution 2024-068RESOLUTION NO. 2024-068
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 TWO AT-RISK
AFFORDABLE HOUSING UNITS, 2778 CARLSBAD BLVD., NO. 200 AND 6172
COLT PLACE, NO. 103, AS PART OF THE CITY'S AFFORDABLE HOUSING
RESALE PROGRAM AND AUTHORIZING THE CITY MANAGER OR DESIGNEE
TO APPROPRIATE $747,944 FROM THE HOUSING TRUST 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 Resa le Program Guidelines
by Resolution No. 2020-234; and
WHEREAS, the property owners of two at-risk affordable housing units, 2778 Carlsbad
Boulevard, No. 200 and 6172 Colt Place, No. 103, provided notice of their intent to sell or transfer
ownership of the restricted affordable housing units; and
WHEREAS, the purchase. of the units enables the city to extend the affordability of the existing
units, and to resell them to anothe~ eligible lower-income buyer in accordance with the City of Carlsbad
Affordable Housing Resale Program; and
WHEREAS, City Council Policy No. 73 authorizes the City Manager or designee to exercise the
city's option to purchase existing at-risk 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
Program Guidelines, and consistent with City Council Policy 90, Administration of the Housing Trust
Fund;and
WHEREAS, the revenue generated from the sa le of the properties will be deposited into the
Housing Trust Fund respectively 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 purchases of 2778 Carlsbad Boulevard, No. 200 and 6172 Colt Place, No. 103, and
make all future decisions and actions necessary to implement the resale and disposition
of two at-risk affordable housing units in the City of Carlsbad identified in Attachment
A, in compliance with Council Policy No. 90, 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 City Manager, or designee, is authorized to appropriate $747,944 from the
Housing Trust Fund for the property purchase of at-risk affordable units authorized and
for costs related to refurbishing and preparing the units for resale identified in
Attachment A.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 9th day of April, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOL.OER, LUNA.
NONE.
NONE.
NONE.
KEITH BLACKBURN, Mayor
SHERRY FREISINGER, City Clerk
(SEAL)
Attachment A
Property no. Location APN Development Source of Funding
22 Colt Place #103 213-262-22-18 Kensington Housing Trust Fund
23 Carlsbad Boulevard #200 203-172-25-01 Village-by-the Sea Housing Trust Fund