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HomeMy WebLinkAboutReso 1990-15751 RESOLUTION NO. 1 5751 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A LOW-MODERATE INCOME HOUSING AGREEMENT WITH RANCHO DEL REY The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, the City desires to promote the provision of afforable housing for families; and, WHEREAS, as a condition of map approval, Rancho del Rey was required to provide 5% of the total unit count afforable to moderate-income families and 5% afforable to low-income families; and, WHEREAS, Rancho del Rey has satisfied in full the moderate income housing requirement by providing 322 afforable units; and, WHEREAS, Rancho del Rey has met 299 of the 322 units required for low-income families; and, WHEREAS, Rancho del Rey is committed to provide the additional 23 units for low-income families; and, WHEREAS, Rancho del Rey is contributing $100,000 to the Low-Moderate Income Housing Fund for use in meeting the goals of the City's Afforable Housing Program or to enhance the Lofgren Terrace Project within the Rancho del Rey Specific Plan Area. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista hereby approves said Low-Moderate Income Housing Agreement with Rancho del Rey, and authorizes the Community Development Di rector to execute that agreement on behalf of the City. Presented by Appro ed as to f by Chri ~ Bruce M. Boogaar / Community Development Director City Attorney Resolution No. 15751 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 7th day of August, 1990 by the following vote: AYES: Councilmembers: Moore, Nader, Cox NOES: Councilmembers: None ABSENT: Councilmembers: Malcolm, McCandliss ABSTAIN: Councilmembers: None ~re ~ CO×, 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. 15751 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 7th day of August, 1990. Executed this 7th day of August, 1990. Beverl~ A'., ~u~chelet'~ City Clerk