HomeMy WebLinkAboutRDA Reso 1997-1538 AGENCY RESOLUTION NO. 1538
(COUNCIL RESOLUTION NO. 18648)
RESOLUTION OF THE REDEVELOPMENT AGENCY AND THE CITY
COUNCIL OF THE CITY OF CHULA VISTA APPROVING A SECOND
AMENDMENT TO THE EXISTING AGREEMENT BETWEEN PACIFIC BAY
HOMES AND THE CITY OF CHULA VISTA TO PROVIDE LOW AND
MODERATE INCOME HOUSING AND TRANSFER THE UNUSED PORTION
OF THE PER UNIT SUBSIDY FOR USE IN SALT CREEK RANCH FOR
DEVELOPMENT AND PROCESSING FEES FOR CONSTRUCTION OF
AFFORDABLE HOUSING UNITS
WHEREAS, on September 12, 1989 the City Council approved Resolution 15299,
detailing the tentative map requirements for the subdivision of Salt Creek I; and
WHEREAS, Condition No. 11 of the tentative map required Applicant to reach an
agreement with the City to devote at least 10 percent of the project units to Iow and moderate income
housing; and
WHEREAS, on May 14, 1991, the City and Applicant entered into a Supplemental
Subdivision Improvement Agreement known as Document No. CO91-081 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
2.5 percent of the total project units as Low Income and 7.5 percent of the total project units as
Moderate Income Housing units; and
WHEREAS, the City and Applicant entered into an agreement to provide Low and
Moderate Income Housing within Salt Creek I, know as Document No. CO92-026, a copy of which is
on file in the office of the City Clerk which was previously amended on June 30, 1992; and
WHEREAS, the parties desire to amend such agreement in order to reflect Applicant's
satisfaction of its Salt Creek I affordable housing requirements and the transfer of remaining affordable
housing funds to the Salt Creek Ranch project to assist in the development of affordable housing.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby find, order, determine, resolve, to approve the terms and conditions of a second amendment to
the existing agreement between Pacific Bay Homes and the City of Chula Vista to provide Low and
Moderate Income Housing in the Salt Creek I development as set forth in the second amendment, know
as Document Number CO-97-043, 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 hereby authorized
to execute said amendment to the agreement on behalf of the City of Chula Vista.
Present/~dl[,?-'~' ~'~~by ,-~ ~~ -,(~Appr°ved as to form by
(~ohn M.~aher~y "~ '~ ~"-
Chris Salomone ~rney ~unsel
Director of Community Development
Resolution 1538
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA, CALIFORNIA this 6th day of May, 1997 by the following vote:
AYES: Members Horton, Salas, Moot, Rindone, Padilla
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley Hort~n
Chairman
ATTEST: ~ ~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ! ss:
CITY OF CHULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No. 1538
and that the same has not been amended or repealed.
Dated: May 7, 1997 ~-~ ~
Chris Salomone
Executive Secretary