HomeMy WebLinkAboutReso 1999-19677 RESOLUTION NO. 19677
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROV1NG TWO AFFORDABLE HOUSING
AGREEMENTS RELATED TO PACIFIC BAY PROPERTIES
HOUSING OBLIGATION WITHIN ROLLING HILLS RANCH
AND AUTHORIZING THE MAYOR TO SIGN THE
AGREEMENTS
WHEREAS, City of Chula Vista (City) and Pacific Bay Properties (Pacific Bay) entered into
an agreement on March 3, 1992, to provide Low and Moderate Income Housing within Salt Creek
I, known as document number CO92-026, a copy of which is on file in the Office of the City Clerk;
and
WHEREAS, City and Pacific Bay entered into a First Amendment to that agreement, which
was approved by Resolution 16699 on June 30, 1992; and
WHEREAS, from 1992 until May 6, 1997, Pacific Bay paid a Per Unit Subsidy as required
by that agreement; and
WHEREAS, in 1997 City and Pacific Bay executed the Affordable Housing Program and
Agreement consistent with the City Housing Element calling for Pacific Bay to provide 13 1-units
affordable to low-income households within Rolling Hills Ranch; and
WHEREAS, Pacific Bay now proposes to build a 168-unit apartment complex of which 32-
units will be affordable to low-income households and a 116-unit senior apartment complex which
will also be affordable to low income households to satisfy Pacific Bay's low income housing
obligation within Rolling Hills Ranch; and
WHEREAS, Pacific Bay now proposes to use the funds collected by the City under the Per
Unit Subsidy to pay the development fees associated with the development and construction of the
affordable housing units within Rolling Hills Ranch.
NOW, THEREFORE, BE 1T RESOLVED the City of Chula Vista does hereby approve two
affordable housing agreements related to Pacific Bay Properties low income housing obligation within
Rolling Hills Ranch, a copy of which shall be kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that each of the Mayor of the City of Chula Vista and the
City Manager, or his written designee is hereby authorized and directed, for and in the name and on
behalf of the City, to execute and deliver the Housing Agreements in substantially the form presented,
with such additions thereto or changes therein as are recommended or approved by the City Manager
or City Attorney and approved by the officer or officers executing the agreement, with the approval
- of such officer of officers to be evidenced conclusively by the execution and delivery of such
agreements.
Resolution 19677
Page 2
Presented by Approved as to form by
Chris Salomone J M. Kaheny d-)
Community Development Director ey
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 30th day of November, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
S~Ho~a,May'~or~
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 19677 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 30th day of November, 1999.
Executed this 30th day of November, 1999.
~ ~ r'~iWd._~-
Susan Bigelow, City Clerk