HomeMy WebLinkAboutReso 2013-154 RESOLUTION NO. 2013-154
RESOLUTIOI�' OF THE CIT1' COiJ?�'CIL OF THE CITY OF
CHULA VISTA (1) .APPROVIt�'G AN UPDATE TO COUI�'CIL
POLICI' I�'O. ��3-02 RELATED TO THE DEVELOPMENT OF
AFFORDABLE FOR-SALE HOUSII�'G FOR LOVd- AND
MODERATE II�'CO?�4E BUYERS; (2) AUTHORIZIi�'G THE
DIRECTOR OF DEVELOPMENT SERVICES OR HIS
DESIGNEE TO IA4PLEMENT THE POLICY; AI�'D (3)
FURTHER AU7HORIZII�'G THE DIRECTOR OF
DE\'ELOPMENT SERVICES OR HIS DESIGNEE TO
EXECUTE AND AMEND. CONSISTENT WITH THE
AFOREI�4ENTIONED POLICI'. A\'Y AND ALL DOCUn4ENTS
SUBJECT TO THE POLICY
N'HEREAS; the City of Chula \'ista adopted an Affordable For-Sale Housine Polic�� No.
4�3-02 ("Policy ) on December 9, 2003, and updated such Polic�- on September 13; 200�; and
�l%HEREAS. the goal of such Policy ���as to pro��ide affordable homeo��mership
opportunities for low-income households and to ensure that upon sale of the "affordable ' unit the
Cin� recei��es adequate funds to continue to promote affordable homeo���nership programs
throushout the Citv: and
WHEREAS; on September 2�. 2012 the Citv adopted the Balanced Communities
7nclusionar}+" Housing Policy Guide/ines ("Inclusionary Guidelines `); and
\l'HEREAS. staff has determined that a comprehensi��e update of Polic}� \'o. 453-02 is
necessan� in order ro continue meetine the orieinal goals of the Polic�� and adequatel}�
supplement the Inclusionar�� Guidelines; and
�'HEREAS; such update includes the addition of criteria for moderate-income for-sale
products, changes to the reduction in the length of the shared equit�� term from 4� to 15 years,
updates in undernTitine criteria to meet current industry standards and coincide �vith the City's
First-Time Homebu}�er Proeram, and euidance in instances of hardship for short sales and
projects that previousl�� utilized the Polic}�: and
«'HEREAS: since 2003; t���o complexes have utilized Policv No. 4�3-02 and, due to
chaneine market conditions, should be e��aluated under the updated Polic�-: and
\4'HEREAS. documents and aereemen[s under former Polic�� No. 4�3-02 mav be
modified to reflect the ne���terms of the proposed updates to Polic��No. 4�3-02.
NO�I'. THEREFORE. BE IT RESOLVED b�� the Cit�� Council of the Cit�� of Chula
Vista. that it:
Resolution No. 2013-1�4
Paee No. 2
(1) Approve the update to Policy No. 453-02 related to the development of affordable
for-sale housing for low- and moderate-income buyers.
(2) Authorize the Director of Development Services or his designee to implement Policv
No. 4�3-02, as updated.
(S) Further authorize the Director of Development Services or his designee to execute
and amend, consistent ���ith the aforementioned Policy No. 453-02, any and all documents
subject to the Policy.
Presented by Approved as to form by
�
Kelly . roughton. FASLA Glen R. Googins
Director of Development Sen�ices ity orney
Resolution No. 2013-1�4
Pa�e No. 3
PASSED. APPRO�'ED, and ADOPTED bv the Citv Council of the Cit�� of Chula \Jista.
California. this 6th da� of August 2013 b�� the follo��ing vote:
AYES: Councilmembers: Aeuilar. Bensoussan. Ramirez. Salas and Cox
I�'AYS: Councilmembers: None
ABSENT: Councilmembers: None
Chenl Co�. � a��or
ATTEST:
�� ��
Donna R. Norris. C�Cit�� Clerk
STATE OF CALIFORi\IA )
COiJNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I. Donna R. Norris. Cit�� Clerk of Chula Vista. Califomia. do herebvi certif�� that the foreeoine
Resolution No. 20li-1�4 H�as dul�� passed; approved. and adopted by the Cin� Council at a
reeular meetina of the Chula Vista Cin� Council held on the 6th da�� of Aueust 2013.
Eaecuted this 6th dav of Aueust 2013.
o/i/u.��,
��� c v
Donna R. Noms. MC. Cit�� Clerk