HomeMy WebLinkAboutReso 1998-19135 RESOLUTION NO. 19135
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AMENDMENT AND RESTATEMENT OF
THE EASTLAKE GREENS AFFORDABLE HOUSING AGREEMENT
WHICH INCORPORATES THE EASTLAKE GREENS HOME
OWNERSHIP PROGRAM
WHEREAS, on July 25, 1995, the City Council adopted the Affordable Housing
Agreement for the Planned Community of Eastlake by Resolution 17982. The agreement was
entered into as an initial means of implementing the low income housing requirement of
Condition 44 of the Eastlake Tentative Map which requires Eastlake Development Company
("Developer") to provide 5% low and 5% moderate income housing units within the Eastlake
Tentative Map area; and
WHEREAS, in accordance with that agreement, the Developer's duty to build low
income housing units requires the Developer have under significant construction no later than
June 1, 1998, 112 qualified low income units at the location and in a configuration and design
approved by the City; and
WHEREAS, staff and Developer negotiated an agreement to amend and restate the
original agreement to provide for the provision of 187 affordable housing units on certain
terms and conditions contained herein; and
WHEREAS, such agreement incorporates a new Eastlake Greens Home Ownership
Program which is also submitted for City Council consideration.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby find, order, determine and resolve to: 1 ) approve the amended and restated Eastlake
Affordable Housing Agreement in the form presented; and 2) approve the Eastlake Greens
Home Ownership Program attached thereto, known as Document No. CO98-121, a copy of
which is on file in the office of the City Clerk.
Presented by Approved as to form by
Chris Salomone ~ M. Kaheny ~
Community Development Director Attorney
Resolution 19135
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 4*h day of August, 1998, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas and Hotton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shi~~
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. 19135 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 4th day of August, 1998,
Executed this 4th day of August, 1998.
th City Clerk