HomeMy WebLinkAboutReso 1992-16699 RESOLUTION NO. 16699
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AMENDMENT TO THE EXISTING AGREEMENT
BETWEEN FN PROJECTS AND THE CITY OF CHULA VISTA TO
PROVIDE LOW AND MODERATE INCOME HOUSING
THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby resolve as follows:
WHEREAS, FN Projects, a California Corporation is the owner of certain real
property consisting of approximately 130 acres located in Chula Vista and
commonly known as "Salt Creek I"; and,
WHEREAS, A tentative map for the subdivision of Salt Creek I has been
approved subject to certain requirements and conditions, as contained in
Resolution No. 15299, approved on September 12, 1989; and,
WHEREAS, Condition No. 11 of the tentative map requires Applicant to "reach
an agreement with the City to devote at least 10 percent of the project units to
low and moderate income housing; and,
WHEREAS, The City and Applicant entered into a Supplemental Subdivision
Improvement Agreement known as document number C091-081 dated May 14, 1991 which
shifted the burden of Condition No. 11, as it applies to Chula Vista Tract 89-9,
units 1, 2, and 3 to the remainder of Salt Creek I; and,
WHEREAS, City and Applicant entered into a First Amendment to the
Supplemental Subdivision Improvement Agreement regarding Condition No. 11 on
December 17, 1991 which further shifted the burden on Condition No. 11 as it
applies to Chula Vista Tract 89-9, Unit 4, to the remainder of Salt Creek I
("Condominium Housing Area") and set forth that the applicants obligation is to
provide 2.54 of the total project units as Low Income Housing and 7.54 of the
total project units as Moderate Income Housing Units.
WHEREAS, The City and FN Projects, Inc. entered into an agreement to
provide Low and Moderate Income Housing within Salt Creek I, known as document
number C092-026, a copy of which is on file in the office of the City Clerk.
NOW, THEREFORE, BE IT RESOLVED that the City of Chula Vista does hereby
approve an amendment to the agreement between the City and FN Projects, Inc. to
provide Low and Moderate Income Housing, known as document number C092-026A, a
copy of which is on file in the office of the City Clerk.
Resolution No. 16699
Page 2
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said amendment to the agreement on behalf of the City of
Chula Vista.
Presented by Approved as to f~/by
Chri s Sal omone . uce M. Boogaard
Community Development Di rector C1 ty Attorney ~
Resolution No. 16699
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 30th day of June, 1992, by the following vote:
YES: Councilmembers: Grasser Horton, Malcolm, Moore,
Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
'~Tim~Na/der~,~ayor
ATTEST:
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. 16699 was duly passed, approved,
and adopted by the City Council held on the 30th day of June, 1992.
Executed this 30th day of June, 1992.
~everl~y~'~.~helet, City Clerk