HomeMy WebLinkAboutReso 1990-15965 RESOLUTION NO. 15965
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING THE MODERATE INCOME HOUSING AGREEMENT AND
AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT FOR CHULA
VISTA TRACT 89-14, SANIBELLE
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, on December 17, 1989, by Resolution No. 15414, the City Council
approved the Tentative Subdivision Map for Chula Vista Tract 89-14; and
WHEREAS, Condition 15 of the Tentative Map required the developer to
enter into an agreement with the City wherein the developer agrees to provide
72 moderate income housing units; and
WHEREAS, in response to Council action on November 20, 1990, the
Community Development staff has negotiated an agreement with the developer
which provides that if, after a good faith effort to market the
moderate-income units, the developer is unsuccessful in finding qualified
buyers that he may pay the City a "homebuyer assistance fee" of $5,000 or 40%
of the increase in the sales price of the unit, whichever is greater; and
WHEREAS, staff has created a program, in cooperation with the developer
and his lender, to use the homebuyer assistance fee to qualify some of the
applicants who were originally rejected to buy the unsold moderate income
units.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve the Moderate Income Housing Agreement for Chula
Vista Tract 89-14, Sanibelle, known as document number C090-270, a copy of
which is on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is
authorized and directed to execute said Agreement for and on behalf of the
City of Chula Vista.
Presented by Approved as lorm by
D~ o/f Public Works ~ga~)~'~
City Attorney ~
Resolution No. 15965
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 4th day of December, 1990 by the following vote:
AYES: Councilmembers: McCandliss, Moore, Nader, Rindone
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Malcolm
,/
' 'G~yle [. McCan~liss, 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. 15965 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 4th day of
December, 1990.
Executed this 4th day of December, 1990.