HomeMy WebLinkAboutReso 1992-16672 RESOLUTION NO. 16672
RESOLUTION OF THE CITY COUNCIL OF CHULA VISTA APPROVING
AN AMENDED HOUSING COOPERATION AGREEMENT WITH G.T.R.N.,
LTD., A CALIFORNIA LIMITED PARTNERSHIP, TO SELL THREE
CONDOMINIUM UNITS AT 95 MADISON AVENUE TO LOW INCOME
HOMEBUYERS
The City Council of the City of Chula Vista does hereby resolve as follows:
WHEREAS, pursuant to Government Code Section 65915, the City Council
granted a 3 unit (25 percent) density bonus to G.T.R.N., Ltd., (Property Owner)
for their housing project at 95 Madison Avenue on June 19, 1990; and,
WHEREAS, the City Council approved a Housing Cooperation Agreement between
the City and Property Owner and said Agreement was recorded in the official
records of San Diego County, California by the County Recorder on August 2, 1990;
and,
WHEREAS, on March 11, 1991, the Property Owner submitted an application to
the City for a condominium subdivision map for 95 Madison Avenue; and,
WHEREAS, the City has required the Property Owner to enter into an Amended
Housing Cooperation Agreement as one condition for the approval of said
subdivision map; and,
WHEREAS, the Community Development Director has negotiated an Amended
Housing Cooperation Agreement ("Agreement") with the Property Owner to sell
rather than rent three units to low-income households.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Chula
Vista approves the Amended Housing Cooperation Agreement with G.T.R.N., Ltd.,
known as document number C092-084, a copy of which is on file in the office of
the City Clerk, and authorizes the Mayor to execute said Agreement on behalf of
the City.
Presented by Approved aiiu
Chri s Sal omone Boogaard
Community Development Di rector City Attorney
Resolution No. 16672
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 23rd day of June, 1992, by the following vote:
YES: Councilmembers: Grasser Horton, Moore, Rindone
NOES: Councilmembers: None
ABSENT: Councilmembers: Malcolm, Nader
ABSTAIN: Councilmembers: None
ATTEST:
evePly/~. Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do
hereby certify that the foregoing Resolution No. 16672 was duly passed, approved,
and adopted by the City Council held on the 23rd day of June, 1992.
Executed this 23rd day of June, 1992.
Beverly ~. Authelet, City Clerk