HomeMy WebLinkAboutReso 1998-19295 COUNCIL RESOLUTION NO. 19295
RESOLUTION OF THE CITY COUNCIL CONDITIONALLY
APPROVING THE CONVEYANCE OF 0.81 ACRE OF REAL
PROPERTY LOCATED AT THE NORTHWEST CORNER OF ADA
STREET AND INDUSTRIAL BOULEVARD TO SOUTH BAY
COMMUNITY SERVICES FOR THE DEVELOPMENT OF AN 11
UNIT TRANSITIONAL HOUSING PROJECT FOR YOUNG ADULTS
WHO HAVE COMPLETED THE COUNTY OF SAN DIEGO FOSTER
CARE PROGRAM.
WHEREAS, the City of Chula Vista owns the 0.81 acre parcel located at the northwest
corner of Ada Street and Industrial Boulevard ("Property"); and
WHEREAS, South Bay Community Services (SBCS) has proposed to develop the
Property for an eleven unit transitional housing project for young adults who have completed
the County of San Diego Foster Care Program and is requesting that the City make a land loan
of two hundred seventy thousand dollars ($270,000) or the fair market value of the Property
for purchase of the subject Property for the development of the transitional housing project;
and
WHEREAS, SBCS proposes to fund the project through the following various sources:
[1 ] a City of Chula Vista Land Loan of two hundred seventy thousand dollars ($270,000), [2]
an anticipated request for a City of Chula Vista contribution of three hundred thousand dollars
($300,000); and [3] financial assistance of eight hundred fifty thousand dollars ($850,000)
from the State of California, County of San Diego and other private sources; and
WHEREAS, the deadline for submission of the County of San Diego application for
funding is December 15, 1998; ancl
WHEREAS, various actions required to transfer the Property to SBCS and to develop
the project on the Property will not be completed by December 15, 1998; and
WHEREAS, the requirements of the County of San Diego and private foundation
applications for funding are evidence of site controI or its equivalent where it is impossible to
complete the transfer of the Property prior to the application deadline; and
WHEREAS, the purpose of this Resolution is to comply with such County of San Diego
and private foundation application requirements by providing SBCS with documentation
evidencing site control by SBCS through the conditional approval of conveyance of the
Property; and
WHEREAS, the City Council, upon hearing and considering all testimony, if any, of all
persons desiring to be heard, and considering all factors relating to the request for financial
assistance, believes that the City's transfer of the Property to SBCS will be in the public
interest based upon SBCS' ability to effectively serve the City's housing needs and priorities
as expressed in the Housing Element and the Consolidated Plan and the cost effectiveness of
developing said Property based on the leveraging of the financial assistance recommended;
and
Resolution 19295
Page 2
WHEREAS, financial assistance for the development of the Property for transitional
housing is consistent with the General Plan Housing Element and will allow for the provision
of shelter and supportive services for those young adults at risk of homelessness; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby:
1. Find and determine that the above recitations are true and correct.
2. Approve the conveyance of Property located at the northwest corner of Ada Street and
Industrial Boulevard to South Bay Community Services for the purpose of developing
transitional housing for those young adults who have completed the County of San
Diego Foster Care Program subject to the following conditions:
a. In consideration for the Property, SBCS shall pay the City $270,000 or the fair
market value of the Property to be defined as the appraised value of the
Property at the time of such transfer, at 3 percent simple interest per annum
over a 55 year period.
b. SBCS' obligation to make payments on the Land Purchase Loan and the
Development Loan will be limited to an annual payment based on residual
receipts (the net rental income remaining after operating expenses).
c. The term of the Land Purchase Loan and the Development Loan shall be fifty*
five years. Should SBCS wish to continue operation of the transitional housing
on the Property beyond the term of the loan, the term of the loan may be
extended by mutual agreement of the City and SBCS and as agreed upon by
both the City and SBCS.
d. City Council final approval of project implementation documents which shall
include, at a minimum, the following terms and conditions:
Insurance, indemnity performance bond, and such other terms and
conditions as may be required or approved by the City Attorney to
mitigate City risks.
ii SBCS will be required to obtain all necessary environmental and land use
review and approvals and to maintain operation of the transitional
housing project consistent with the requirements for the project and the
application for financial assistance.
iii SBCS must secure all other funding necessary to fund this project.
iv SBCS must obtain approval of a density bonus for the development of
this project and execute the required regulatory agreement.
v Authorize and direct staff to prepare or cause to be prepared the
necessary property transfer, regulatory, and loan agreements and any
associated documents necessary for the implementation of the project
to be brought back for City Council consideration.
Resolution 19295
Page 3
Presented by Approved as to form by
Y n M. Kal~eny ~
Chris Salomone ~o
Community Development Director rney
Resolution 19295
Page 4
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 8,h day of December, 1998, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
S h 'i rley'~Hort~,MayJ~or L,
ATTEST:
~Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A, Authelet, City Clerk of Chula Vista, California, do hereby certify that the
foregoing Resolution No. 19295 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 8th day of December, 1998.
Executed this 8th day of December, 1998.
~uthelet, City Clerk