HomeMy WebLinkAboutReso 1990-15689
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA V~STA
APPROVING A HOUSING COOPERATION AGREEMENT WITH $.T.,R:iU.:;~
~ LTD., A CALIFORNIA LIMITED PARTNERSHIP FOR AFFoftDABLE
FM~ILY HOUSING UNITS
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RESOLUTION NO. 15689
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The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, The City desires to promote the provision of affordable housing
units for families; and,
WHEREAS, State Civil Code Section 65915, and the City's Housing Density
Bonus Policy provide a mechanism whereby developers can request a Density
Bonus in exchange for renting a portion of their units at affordable rents to
low income tenants; and,
WHEREAS, The City Council wishes to approve a Density Bonus of three
units in exchange for three affordable low income units at 95 Madison Avenue;
and,
WHEREAS, The Family Density Bonus policy of the City of Chula Vista calls
for a written agreement between the City and the developer of low income
family housing to specify the tenancy requirements and term of commitment; and,
WHEREAS, such agreement, called a Housing Cooperation Agreement, a copy
of which is on file in the office of the City Clerk, has been negotiated
between G.T.R.N., Ltd., and the City.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City. of Chula
Vista does hereby grant a three unit Density Bonus to G.T.R.N., Ltd., thereby
al1O\~ing them to place a total of sixteen units on their property at 95
Madison conditioned upon the developers entering into an agreement with the
City to rent three units to low income households in accordance with the terms
and conditions of the City's Housing Density Bonus policy, State Civil Code
Secti on 65915.
NOW, THEREFORE BE IT FURTHER RESOLVED that the City Council of the City
of Chula Vista hereby approves that said Housing Cooperation Agreement with
G.T.R.N., Ltd., and authorizes the City Manager to execute that agreement on
behalf of the City.
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Resolution No. 15689
Page 2
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BE IT FURTHER RESOLVED that said agreement shall be executed and recorded
prior to the issuance of building permits for 95 Madison Avenue.
Presented by
~~
Chn s Sa I omone
Community Development Director
Resolution No. 15689
Page 3
667
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 19th day of June, 1990 by the following vote:
AYES:
Councilmembers: Malcolm, Moore, Nader, Cox
NOES:
ABSENT:
ABSTAIN:
Councilmembers: None
Councilmembers: McCandliss
Councilmembers: None
lL#fl~. ~
Grego y i{). ox, Mayor
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. 15689 was duly passed,
approved, and adopted by the City Council of the City of Chula Vista,
California, at a regular meeting of said City Council held on the 19th day of
June, 1990.
Executed this 19th day of June, 1990.
THE FOREGOING INSTRUMENT IS A
CORRECT COpy OF THE ORIGINAL ON
FILE IN T'Hls., FFICE.
AT ST: -
BE R . .
BY: