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HomeMy WebLinkAboutAgenda Packet 2018_04_10April 10, 2018City Council Agenda A. RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA APPROVING MULTIFAMILY MORTGAGE REVENUE BOND POLICIES B. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADDING CHAPTER 19 (HOUSING AUTHORITY FEES) TO THE MASTER FEE SCHEDULE AND ESTABLISHING FEES RELATED TO HOUSING AUTHORITY BOND ISSUANCES 17-05602.17-0560 Development Services Department Department: The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Notwithstanding the foregoing, the activity qualifies for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. This activity is also exempt from review under the National Environmental Policy Act as no federal funding is involved in this action. Environmental Notice: Authority adopt resolution A and Council adopt resolution B. Staff Recommendation: ITEMS REMOVED FROM THE CONSENT CALENDAR PUBLIC COMMENTS Persons speaking during Public Comments may address the Council on any subject matter within the Council’s jurisdiction that is not listed as an item on the agenda. State law generally prohibits the Council from discussing or taking action on any issue not included on the agenda, but, if appropriate, the Council may schedule the topic for future discussion or refer the matter to staff. Comments are limited to three minutes. Page 3 City of Chula Vista Printed on 4/5/2018 2018-04-10 Agenda Packet Page 3 April 10, 2018City Council Agenda PUBLIC HEARINGS The following item(s) have been advertised as public hearing(s) as required by law. If you wish to speak on any item, please fill out a “Request to Speak” form (available in the lobby) and submit it to the City Clerk prior to the meeting. A. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE, SECTION 19.58.022 (ACCESSORY SECOND DWELLING UNITS); CHAPTER 19.04 (DEFINITIONS); CHAPTER 19.20 (AGRICULTURAL ZONE); CHAPTER 19.22 (RESIDENTIAL ESTATES ZONE); CHAPTER 19.24 (SINGLE-FAMILY RESIDENCE ZONE); CHAPTER 19.26 (ONE- AND TWO-FAMILY RESIDENCE ZONE); CHAPTER 19.28 (APARTMENT RESIDENTIAL ZONE); AND CHAPTER 19.48 (PLANNED COMMUNITY ZONE) WITH REGARD TO ACCESSORY DWELLING UNITS (FIRST READING) B. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE CHAPTER 3.32 (RESIDENTIAL CONSTRUCTION TAX) TO EXEMPT ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS FROM THE RESIDENTIAL CONSTRUCTION TAX AND AMENDING CHAPTER 17.10 (PARKLANDS AND PUBLIC FACILITIES) TO WAIVE ASSESSMENT OF PARKLAND ACQUISITION AND DEVELOPMENT FEES FOR ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS (FIRST READING) 18-00843.18-0084 Development Services Department Department: The Accessory Dwelling Unit Ordinance Amendments qualify for a Class 3 Categorical Exemption pursuant to Section 15303 (New Construction or Conversion of Small Structures) of the California Environmental Quality Act State Guidelines. In addition, the Accessory Dwelling Unit Ordinance Amendments qualify for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. The Fee Waiver Ordinance Amendment is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Environmental Notice: Council place the ordinances on first reading. Staff Recommendation: Page 4 City of Chula Vista Printed on 4/5/2018 2018-04-10 Agenda Packet Page 4 April 10, 2018City Council Agenda CITY MANAGER’S REPORTS MAYOR’S REPORTS COUNCILMEMBERS’ COMMENTS CITY ATTORNEY'S REPORTS CLOSED SESSION Announcements of actions taken in Closed Session shall be made available by noon on Wednesday following the Council Meeting at the City Attorney’s office in accordance with the Ralph M. Brown Act (Government Code 54957.7). CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9 (d)(1) A. Name of case: Jason Jones v. City of Chula Vista, et al., San Diego Superior Court, Case No. 37-2017-33222 -CU-PO-CTL B. Name of case: Connie Romero v. City of Chula Vista, et al., San Diego Superior Court, Case No. 37-2017-815 -CU-PO-CTL 18-01404.18-0140 ADJOURNMENT to the Regular City Council Meeting on April 24, 2018, at 5:00 p.m., in the Council Chambers. Materials provided to the City Council related to any open-session item on this agenda are available for public review at the City Clerk’s Office, located in City Hall at 276 Fourth Avenue, Building A, during normal business hours. In compliance with the AMERICANS WITH DISABILITIES ACT The City of Chula Vista requests individuals who require special accommodations to access, attend, and/or participate in a City meeting, activity, or service, contact the City Clerk’s Office at (619) 691-5041(California Relay Service is available for the hearing impaired by dialing 711) at least forty-eight hours in advance of the meeting. Most Chula Vista City Council meetings, including public comments, are video recorded and aired live on AT&T U-verse channel 99 (throughout the County), on Cox Cable channel 24 (only in Chula Vista), and online at www.chulavistaca.gov. Recorded meetings are also aired on Wednesdays at 7 p.m. (both channels) and are archived on the City's website. Page 5 City of Chula Vista Printed on 4/5/2018 2018-04-10 Agenda Packet Page 5 April 10, 2018City Council Agenda NOTICE OF REVIEW AND PENDING APPROVAL OF FINAL MAP In accordance with California Government Code Section 66458(d), notice is hereby given that the City Engineer has reviewed and, immediately following this City Council meeting of April 10, 2018, will approve the following final map: Chula Vista Tract No. 09-03 Otay Ranch Millenia Genesis Lots 7, 8, "F:, and "G", a copy of which is available for public viewing at the Office of the Chula Vista City Clerk. Specifically, the City Engineer has caused the map to be examined and has made the following findings: (1) The map substantially conforms to the approved tentative map, and any approved alterations thereof and any conditions of approval imposed with said tentative map. (2) The map complies with the provisions of the Subdivision Map Act and any local ordinances applicable at the time of approval of the tentative map. (3) The map is technically correct. Said map will be finalized and recorded, unless an interested party files a valid appeal of the City Engineer ’s action to City Council no later than 2:00 p.m., 10 calendar days from the date of this City Council meeting. A valid appeal must identify the improper/incorrect finding and the basis for such conclusion. If you have any questions about the map approval findings or need additional information about the map or your appeal rights, please feel free to contact Boushra Salem, Principal Civil Engineer, at (619) 409-5483. Page 6 City of Chula Vista Printed on 4/5/2018 2018-04-10 Agenda Packet Page 6 City of Chula Vista Staff Report File#:18-0092, Item#: A. PRESENTATION OF QUARTERLY EMPLOYEE RECOGNITION RECIPIENTS City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 7 City of Chula Vista Staff Report File#:18-0122, Item#: B. EMPLOYEE SERVICE RECOGNITION HONORING STAFF WITH MILESTONE SERVICE ANNIVERSARIES City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 8 City of Chula Vista Staff Report File#:18-0106, Item#: C. PRESENTATION OF A PROCLAMATION TO PUBLIC WORKS DIRECTOR RICK HOPKINS, PROCLAIMING FRIDAY, APRIL 27, 2018 AS ARBOR DAY IN THE CITY OF CHULA VISTA City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 9 City of Chula Vista Staff Report File#:18-0121, Item#: D. PRESENTATION OF A PROCLAMATION TO BRIAN HIATT-ALEU FOR SPECIAL RECOGNITION OF THE BOYS 2005 REBELS SOCCER CLUB FOR WINNING NUMEROUS CHAMPIONSHIPS City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 10 City of Chula Vista Staff Report File#:18-0123, Item#: E. PRESENTATION OF A PROCLAMATION PROCLAIMING APRIL 8 THROUGH APRIL 14, 2018 AS NATIONAL PUBLIC SAFETY TELE-COMMUNICATORS WEEK IN THE CITY OF CHULA VISTA, POLICE DISPATCHER SARAH MC DONALD ACCEPTING ON BEHALF OF THE TELECOMMUNICATION OPERATORS City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 11 City of Chula Vista Staff Report File#:18-0116, Item#: 1. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING RESOLUTION 2018-004 TO REMOVE THE ELECTION OF MEMBER OF THE CITY COUNCIL, REPRESENTING DISTRICT 1, AND CITY ATTORNEY FROM THE JUNE 5, 2018 GENERAL ELECTION AND APPROPRIATING FUNDS THEREFOR (4/5 VOTE REQUIRED) RECOMMENDED ACTION Council adopt the resolution. SUMMARY On January 16, 2018, the Council adopted Resolution No. 2018-004 to set June 7, 2016 as the date of the General Municipal Election to elect a Mayor, two members of the City Council, representing Districts 1 and 2, and a City Attorney. Adoption of the attached resolution removes the District 1 City Council position and the City Attorney position from the General Municipal Election since only two candidates for each seat qualified for placement on the ballot, and appropriates funds to account for the two remaining seats and the ballot measure that was previously approved by Council. The two qualified candidates for District 1 and for City Attorney will be placed on the ballot for the November runoff election, pursuant to Chula Vista Charter section 300.A.3. ENVIRONMENTAL REVIEW Environmental Notice The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Environmental Determination The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. Thus, no environmental review is required. BOARD/COMMISSION RECOMMENDATION Not Applicable. DISCUSSION On January 16, 2018, the City Council adopted Resolution 2018-004 to call for a June 2018 General Municipal Election to elect a Mayor, two members of the City Council, representing Districts 1 and 2, and a City Attorney, each for a full term commencing December 2018. Only two candidates for each District 1 and City Attorney submitted sufficient nomination papers and qualified for placement on the City of Chula Vista Printed on 4/5/2018Page 1 of 3 powered by Legistar™2018-04-10 Agenda Packet Page 12 File#:18-0116, Item#: 1. District 1 and City Attorney submitted sufficient nomination papers and qualified for placement on the ballot. In accordance with Section 300.A.3 of the Chula Vista Charter, it is recommended that the City Council remove the District 1 City Councilmember and the City Attorney positions from the June 2018 ballot. Because there are only two qualified candidates per seat, election to the positions will occur at the November runoff election. Section 300.A.3 of the Chula Vista Charter provides, in part, that if only two qualified candidates from a Council district file nomination papers to participate in the general municipal election for that district, no general election shall be held for the office of City Councilmember for that district and the two candidates shall be candidates at the run-off election (November) for that office. The Charter applies this same process to the office of City Attorney. [Charter sections 503(c) and 300.E]. Based on initial estimates from the Registrar of Voters for the conduct of the General Election for Mayor, Council Districts 1 and 2, and City Attorney, approximately $160,000 was budgeted for the election. Subsequently, the Registrar of Voters has revised their estimate, which now includes the two elected positions and the ballot measure previously approved by the Council. The current estimate for the election is now $200,000. Adoption of the resolution also appropriates $40,000 to the City Clerk’s election budget account for the increased cost. Related Background Information The Charter provisions providing that the top two candidates proceed to a run-off election in June were adopted by the electorate in 2012. The first elections held under the new provisions were in 2014. That election was for the purpose of electing the Mayor, City Councilmembers for Districts 1 and 2, and the City Attorney. With the exception of the City Attorney, there were more than two candidates for each office in that election. There was only one qualified candidate for the office of City Attorney. As a result, the City Attorney election was held in November. In 2016, City Council seats for Districts 3 and 4 were up for election. There were only two qualified candidates for the District 3 seat. Accordingly, the June election for District 3 was canceled and the candidates vied in the run-off election in November. At that time, we advised the Council of certain ripple effects of cancelling a June election for a particular seat or seats. Those matters are still relevant and are restated below for the Council’s consideration. Write-in Candidates The first ripple effect is the impact on write-in candidacy. Since the June election for District 1 and the City Attorney will not be held, there can be no opportunity for write-in candidates in June. As for November, the Charter, as amended in 2012, does not directly address whether write-in candidates would be permitted in the November run-off election. The plain language of the Charter does, however, clearly indicate that the November election was intended to be a run-off election between the top two vote-getters, only. As such, the City Clerk and the City Attorney agree that overall structure of this system suggests that write-in candidates in November were not intended to be allowed. The City Council could propose a Charter amendment or adopt an ordinance supplementing the Charter if it wishes to address this issue with respect to future elections. Staff may bring this item forward for City Council consideration if a clarifying ordinance becomes necessary. Campaign Contributions Another ripple effect that may arise in light of the cancellation of these elections relates to campaign contributions. Chapter 2.52 of the City’s Municipal Code places certain limits on campaignCity of Chula Vista Printed on 4/5/2018Page 2 of 3 powered by Legistar™2018-04-10 Agenda Packet Page 13 File#:18-0116, Item#: 1. contributions. Chapter 2.52 of the City’s Municipal Code places certain limits on campaign contributions for City election contests. It provides that a candidate may receive up to $330.00 from a person and $1,120 from a Political Party committee (both limits are adjusted biannually) in each of the general and special election contests. It further provides that a candidate may not solicit funds more than eleven months prior to an election contest and may not solicit funds for the special (November) election prior to the holding of the general (June) election. The Code does not address what occurs if the June election is cancelled. Based on this ordinance, the contributions that have been raised by the candidates to-date, could only have been raised for the June election contest. Candidates are permitted to solicit funds from the same source for each election contest. Thus, our interpretation of the ordinance is that the candidates for the cancelled elections should be permitted to solicit funds for the November election contest once the June election is cancelled, even if the source of the funds has already contributed to their campaign. In the future, we will be bringing forward proposals for an updated campaign contribution ordinance for the Council’s consideration which will address this and other issues. DECISION-MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site- specific and consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2(a)(11), is not applicable to this decision for purposes of determining a disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.). Staff is not independently aware, and has not been informed by any City Councilmember, of any other fact that may constitute a basis for a decision maker conflict of interest in this matter. LINK TO STRATEGIC GOALS The City’s Strategic Plan has five major goals: Operational Excellence, Economic Vitality, Healthy Community, Strong and Secure Neighborhoods and a Connected Community. While conducting the election is not specifically associated with one of the City’s strategic goals, carrying out this important function in an ethical, impartial, transparent manner aligns with the City’s goals of Operational Excellence and Connected Community. CURRENT YEAR FISCAL IMPACT While final election costs will not be known until after the election is conducted, the updated estimate from the Registrar of Voters for the General Election is approximately $200,000 for the positions of Mayor and District 2 City Councilmember, and for the ballot measure. The current budget for the election is $160,000. Staff recommends an appropriation of $40,000 at this time to account for the increased costs. Funds will be identified to offset the costs. ONGOING FISCAL IMPACT There are no ongoing costs associated with adoption of this resolution. ATTACHMENTS None Staff Contact: Kerry Bigelow City of Chula Vista Printed on 4/5/2018Page 3 of 3 powered by Legistar™2018-04-10 Agenda Packet Page 14 RESOLUTION NO. 2018-___ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING RESOLUTION 2018-004 TO REMOVE THE ELECTION OF MEMBER OF THE CITY COUNCIL, REPRESENTING DISTRICT 1, AND CITY ATTORNEY FROM THE JUNE 5, 2018 GENERAL ELECTION AND APPROPRIATING FUNDS THEREFOR WHEREAS, on January 16, 2018, in accordance with the provisions of the Chula Vista Charter and State law, the City Council, through Resolution No. 2018-004, called a General Municipal Election to be held on June 5, 2018 for the purpose of electing a Mayor, two Members of the City Council, representing Districts 1 and 2, and a City Attorney, each for the full term of four years, commencing in December 2018; and WHEREAS, only two candidates submitted sufficient nomination papers and qualified for placement on the ballot for the General Municipal Election for the positions of Member of the City Council, District 1, and City Attorney; and WHEREAS, Chula Vista Charter Sections 300.A.3, 300.E., and 503(c) provide that in this situation no General Municipal Election shall be held for the positions and, instead, the qualified candidates should be considered for election at the November runoff election; and WHEREAS, in accordance with the Chula Vista Charter and State law, the two qualified candidates for the position of Member of the City Council, District 1 and the two qualified candidates for the position of City Attorney shall therefore be placed on the ballot for the November runoff election; and WHEREAS, the updated cost estimate from the Registrar of Voters is $200,000 for conducting the General Municipal Election for the positions of Mayor and Member of the City Council, District 1, and the ballot measure previously approved by Council, which is approximately $40,000 more than the amount budgeted for the election. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista as follows: SECTION 1. All of the foregoing recitals are true and correct. SECTION 2. This resolution amends City Council Resolution No. 2018-004 to remove the Member of the City Council, District 1 and the City Attorney positions from the ballot for the Tuesday, June 5, 2018 General Municipal Election because only two candidates for each seat submitted sufficient nomination papers and qualified for placement on the ballot for those positions. In accordance with the Chula Vista Charter and State law, the General Municipal Election for the Member of the City Council, District 1 and City Attorney called for in Resolution No. 2018-004 will not be held and the two qualified candidates for each position shall be placed on the ballot for the November runoff election. 2018-04-10 Agenda Packet Page 15 SECTION 3. The City Clerk is hereby directed to provide a copy of this resolution to the Registrar of Voters. SECTION 4. The City Clerk shall certify to the passage and adoption of this resolution and file it with the City’s original resolutions. BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that it appropriates $40,000 to the City Clerk’s budget for elections to account for the increased costs of conducting the election. Presented by Approved as to form by Kerry K. Bigelow, MMC Jill D.S. Maland City Clerk Assistant City Attorney 2018-04-10 Agenda Packet Page 16 City of Chula Vista Staff Report File#:17-0560, Item#: 2. A. RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA APPROVING MULTIFAMILY MORTGAGE REVENUE BOND POLICIES B. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADDING CHAPTER 19 (HOUSING AUTHORITY FEES) TO THE MASTER FEE SCHEDULE AND ESTABLISHING FEES RELATED TO HOUSING AUTHORITY BOND ISSUANCES RECOMMENDED ACTION Authority adopt resolution A and Council adopt resolution B. SUMMARY The Chula Vista Housing Authority’s Multifamily Mortgage Revenue Bond Program (“Bond Program”) has been utilized since 1993 to support the development of affordable housing in the City of Chula Vista (“City”). In accordance with new requirements set forth in California Debt Limit Allocation Committee (“CDLAC”) Regulation Section 5031(c), governing the issuance of debt for Bond Programs, issuers, such as the Housing Authority, must submit to CDLAC for their approval bond issuance and post-compliance policies. Tonight's action is the adoption of such policies for the administration of the Housing Authority’s Bond Program. ENVIRONMENTAL REVIEW Environmental Notice The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Notwithstanding the foregoing, the activity qualifies for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. This activity is also exempt from review under the National Environmental Policy Act as no federal funding is involved in this action. Environmental Determination The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. In addition, notwithstanding the foregoing, the Director of Development Services has also determined that the activity qualifies for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. Thus, no environmental review is required. This activity is also exempt from review under the National Environmental Policy Act as no federal funding is involved in this action. City of Chula Vista Printed on 4/5/2018Page 1 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 17 File#:17-0560, Item#: 2. BOARD/COMMISSION RECOMMENDATION With the current vacancies on the Housing Advisory Commission, the Commission was unable to consider the Bond Program Policies due to a lack of quorum. DISCUSSION Federal and state legislation authorizes issuance of mortgage revenue bonds (“Bonds”) by local governments to finance the development, acquisition, and rehabilitation of multifamily housing rental projects by a private property owner/developer. The Chula Vista Housing Authority is an issuer of these tax-exempt mortgage revenue Bonds for eligible multifamily housing rental projects in the City of Chula Vista (City). The Chula Vista Housing Authority’s Multifamily Mortgage Revenue Bond Program (Bond Program) has been utilized since 1993 to support the development of affordable housing in the City. Since inception, the Bond Program has issued over two hundred million dollars in tax-exempt bonds to provide below-market rate financing for affordable housing developments. As of June 2017, approximately $155,200,000 of multifamily mortgage revenue bonds are outstanding. Since its inception, the Bond Program has provided financing for development of 2,343 total residential units of which 1,521 units were for lower income households. With interest on the Bonds exempt from federal and state taxation, Bonds provide below market financing for qualified rental projects. The Bond Program is able to provide below-market rate financing because interest earnings on bonds issued for eligible projects are excluded from federal gross income and is therefore exempt from federal income taxation. Tax exempt bonds generate a lower interest rate than comparable taxable bonds; therefore, allowing borrowers to borrow at a lower rate. Additionally, projects issuing Bonds are eligible for allocations of federal 4 percent low-income housing tax credits. Equity from the sale of tax credits can provide a significant portion of the financing necessary to develop affordable housing (approximately 30 percent of the development cost). Under federal and state law, to be eligible for bond financing, multifamily housing projects must set aside at least 20 percent of their units at affordable rents by households earning no more 50 percent of Area Median Income (AMI) ($45,450 for a family of four during 2017). Alternatively, a minimum of 40 percent of the units may be restricted at 60 percent AMI ($54,550 for a family of four during 2017). Due to the combined requirements of state, local, and federal funding sources, projects financed under the Bond Program are normally deed restricted as affordable for 55 years and often provide deeper affordability levels than the minimum levels required under the Bond Program. For the issuance of Bonds, the Housing Authority must acquire an allocation of the State’s available tax-exempt debt from the California Debt Limit Allocation Committee (CDLAC), as the State Bond Authority. Pursuant to CDLAC Regulation 5031(c), adopted in December 2016, all issuers must submit for CDLAC’s review and approval policies setting forth the issuer’s bond issuance procedures and post-issuance compliance procedures. The attached Bond Program Policies proposed to respond to requirements of CDLAC for the adoption of bond policies consistent with its regulations and in compliance with Internal Revenue Service (IRS) requirements. Additionally, adoption of Bond Policies will provide efficiency in administration of the Bond Program and program clarity to staff and the public to remain a useful City of Chula Vista Printed on 4/5/2018Page 2 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 18 File#:17-0560, Item#: 2. incentive in the production of affordable housing within the City. The proposed policy will apply only to new project applications received after the proposed approval by the Housing Authority, and to bond projects in process; however, not to bond projects already issued. While the Housing Authority acts as the issuer of the bonds, there is no direct liability of the City or the Housing Authority in connection with the issuance or repayment of the Bonds. There is no pledge of the City’s or Housing Authority’s faith, credit, or taxing power and the Bonds do not constitute general obligations of the City or Housing Authority. The bonds are special, limited obligations of the Housing Authority payable solely from private revenue sources, such as project cash flows and equity payments, and secured by a first deed of trust on the Bond-financed property. To ensure that the Bond Program is self-supporting with the Project Owner responsible for the payment of all costs of issuance and other costs and repayment of the obligations, the proposed Bond Policies reflect the Housing Authority’s past practice of collection of fees for the preparation, issuance, administration and ongoing compliance and monitoring of bonds for private projects that have a qualified public benefit, consistent with CDLAC’s regulations and guidance and in compliance with IRS requirements. Consistent with the Bond Policies, three administrative fees are proposed as an addition to the City’s Master Fee Schedule, as Chapter 19 (Housing Authority Fees) to achieve full and equitable cost recovery for bond issuance, administration, compliance and monitoring services required: §TEFRA Hearing As required by Section 147(f) of the Internal Revenue Code, in compliance with the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), a public hearing (the “TEFRA hearing”)either by an elected official or body of elected officials of the applicable governmental entity following reasonable public notice is required for qualified private activity bonds to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. The cost of service associated with preparing for and holding a TEFRA Hearing is estimated to total $3,500, as calculated in Attachment 2. Full cost recovery of the estimated cost of service is recommended. This non-refundable fee shall only be charged in those instances where the City or Chula Vista Housing Authority, at its discretion, will not serve as the issuer of the bonds. No separate TEFRA hearing fee shall be charged if the City or Housing Authority serves as the Issuer of the bonds. §Issuance Fee The Housing Authority provides its services to a limited segment of the public, more specifically housing developers, to obtain unique services and substantial economic benefits available to them only under the State of California’s tax-exempt bond program to issue the debt, not the least of which may be financing at interest rates substantially lower than conventional financing interest rates, if such rates are available, and/or the ability to obtain financing without equity compensation to the lender. In consideration of the Housing Authority’s application to the State and preparation City of Chula Vista Printed on 4/5/2018Page 3 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 19 File#:17-0560, Item#: 2. to the lender. In consideration of the Housing Authority’s application to the State and preparation and issuance of multifamily housing revenue bonds for the financing of such private projects that have a qualified public benefit and economic benefit to the Project Owner, the Housing Authority charges issuance fees. The cost of such services associated with preparing, applying and issuing multifamily housing revenue bonds on behalf of a private project varies based on the size of the original principal amount. As a result, a fee that escalates based on the principal amount is appropriate. A fee of 20 basis points (0.20%) of the total original principal amount of the bonds (both tax-exempt and taxable) to be issued is recommended. This fee is consistent with fees of other conduit issuers allowed to issue bonds, as shown in Table 1 below. This fee is inclusive of the TEFRA Hearing fee and consistent with fees of other conduit issuers allowed to issue bonds. §Annual Administrative Fee The cost of service associated with the ongoing administration and monitoring costs (e.g. financial and site monitoring, and annual reporting) of Housing Authority issued Bonds required throughout the Qualified Project Period and until expiration of the CDLAC Compliance Period, reportable to CDLAC is set by size of the project as follows: o 50 units or less $13,000 o 51 - 199 units $17,000 o 200 or more units $20,500 An analysis of the staff effort and the current fully burdened hourly rates for impacted staff associated with the ongoing administration, compliance and monitoring of bonds for private projects was conducted to determine the cost of service associated with providing these administrative services, as calculated in Attachment 2. Such analysis concludes that the fees proposed do not exceed the estimated reasonable cost of providing the associated services. Table 1 - Comparative Summary of Bond Fees Agency Application Fee/ Issuance Deposit Issuance Fee (Basis Points “bps”) Annual Administrative Fee TEFRA Hearing Chula Vista Housing Authority $3,500 (applied to issuance fee) 20 bps ($15,000 minimum)$13,000 < 51 dus $17,000 51-199 dus $20,500 200+ dus $3,500 only if NOT the Issuer San Diego Housing Commission $3,000 (applied to issuance fee) 25 bps 12.5 bps $10,000 minimum Included in Issuance Fee California Municipal Finance Agency (CMFA) $2,500 (applied to issuance fee) $37,500 + 5 bps 18.75 bps > $20 million 5 bps $4,000 minimum 25% shared with Local Municipality Included in Issuance Fee California Statewide Communities Development Authority (CSCDA) $2,500 (applied to issuance fee) $40,000 + 12 bps 20 bps ($15,000 minimum) > $20 million 5 bps $5,000 minimum Included in Issuance Fee CalHFA $5,000 (applied to issuance fee) $15,000 or 20 bps (greater of) < $20 million $40,000 + 1 bp > $20 million $7,500 Additional Fee for Scattered Sites Included in Issuance Fee City of Chula Vista Printed on 4/5/2018Page 4 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 20 File#:17-0560, Item#: 2. DECISION-MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site- specific and consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2 (a)(11), is not applicable to this decision for purposes of determining a disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.). Staff is not independently aware, and has not been informed by any Housing Authority member, of any other fact that may constitute a basis for a decision maker conflict of interest in this matter. LINK TO STRATEGIC GOALS The City’s Strategic Plan has five major goals: Operational Excellence, Economic Vitality, Healthy Community, Strong and Secure Neighborhoods and a Connected Community. The development and provision of quality affordable housing for low and moderate-income families supports the Economic Vitality goals as it expands the availability of housing opportunities for all economic segments of the community. With 57 percent of Chula Vista households earning less than the U.S. Department of Housing and Urban Development’s area median income, the development of affordable housing addresses the City’s Connected Community goals as it provides housing to meet residents’ needs and priorities. CURRENT YEAR FISCAL IMPACT Staff costs associated with the preparation of this staff report and for the Chula Vista Housing Authority Multifamily Mortgage Revenue Bond Policies are offset by administrative fees charged for ongoing administration and monitoring costs of its bond issuances. ONGOING FISCAL IMPACT Bond financing is a self-supporting program with the Project Owner responsible for the payment of all costs of issuance and other costs and repayment of the bonds. All costs related to the issuance of the bonds will be paid from bond proceeds or profits. The bonds will be secured by the project and will not constitute a liability to or obligation of the City of Chula Vista or Housing Authority. The Chula Vista Housing Authority will receive compensation for its services in preparing future bond issuances by charging an issuance fee of 20 basis points (0.20%) of the total original principal amount of the bonds. Staff costs associated with ongoing monitoring compliance regulatory restrictions and administration of the outstanding bonds will be funded via an annual administrative fee set at $13,000 for projects with 50 units or less, $17,000 for projects of 51 - 199 units and $20,500 for projects with 200 or more units. ATTACHMENTS 1. Chula Vista Housing Authority Multifamily Mortgage Revenue Bond Policies 2. Cost of Service Analysis Staff Contact: Leilani Hines, Housing Manager City of Chula Vista Printed on 4/5/2018Page 5 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 21 C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@840DD047\@BCL@840DD047.docx RESOLUTION NO. __________ RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA APPROVING MULTIFAMILY MORTGAGE REVENUE BOND POLICIES WHEREAS, in 1993, the City Council of the City of Chula Vista (City Council) by its Resolution 1993-17021, established the Chula Vista Housing Authority (Housing Authority) to develop, finance and own low income housing; WHEREAS, since 1993, the Housing Authority has exercised its powers as set forth in California Health and Safety Code Section 34350 et. seq. to issue bonds in support of the development and financing of affordable housing in the City of Chula Vista (City); WHEREAS, the California Debt Limit Allocation Committee (CDLAC) was created to set and allocate California’s annual debt ceiling, and administer the State’s tax-exempt bond program to issue the debt through its adopted CDLAC Regulations; WHEREAS, on December 15, 2016 adopted new regulations contained in CDLAC Regulation Section 5031(c) requiring submission by all applicants seeking an allocation of the annual State ceiling of debt issuance of their bond issuance and post-issuance compliance policies; WHEREAS, the Housing Authority desires to continue to utilize the issuance of multifamily mortgage revenue bonds to support the development and financing of affordable housing for low income households within the City; WHEREAS, staff has prepared the Chula Vista Multifamily Mortgage Revenue Bond Policies consistent with CDLAC’s regulations and guidance and in compliance with IRS requirements for the Housing Authority’s consideration for submission and approval by CDLAC upon its adoption; and, WHEREAS, in accordance with the requirements of CEQA, the Environmental Review Coordinator has determined that the activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required, 2018-04-10 Agenda Packet Page 22 Resolution No. Page 2 NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Chula Vista Housing Authority, that it (1) approves the Chula Vista Multifamily Mortgage Revenue Bond Policies consistent with CDLAC’s regulations and guidance and in compliance with IRS requirements, in the form presented as Exhibit 1, with such minor modifications as may be required or approved by Legal Counsel, a copy of which shall be kept on file in the Development Services Department, and (2) and authorizes and directs the Housing Authority Director or Assistant Director to submit the Bond Policies to CDLAC. Presented by Kelly G. Broughton, FASLA Director of Development Services Approved as to form by Glen R. Googins Housing Authority Counsel 2018-04-10 Agenda Packet Page 23 RESOLUTION NO. __________ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADDING CHAPTER 19 (HOUSING AUTHORITY FEES) TO THE CITY’S MASTER FEE SCHEDULE AND ESTABLISHING FEES RELATED TO HOUSING AUTHORITY BOND ISSUANCES WHEREAS, the California Debt Limit Allocation Committee (CDLAC) was created to set and allocate California’s annual debt ceiling, and administer the State’s tax-exempt bond program to issue the debt through its adopted CDLAC Regulations; WHEREAS, private activity bonds, specifically multifamily mortgage revenue bonds, are a significant funding source to support the development and financing of affordable housing for low income households and require an allocation of bond authority from CDLAC; WHEREAS, to receive an allocation of bond authority from CDLAC, a local or state governmental agency or joint powers authority must submit an application to CDLAC on behalf of a private project that has a qualified public benefit; WHEREAS, since 1993, with the establishment of the Chula Vista Housing Authority (Housing Authority) by the City Council of the City of Chula Vista (City Council) by its Resolution 1993-17021, the Housing Authority has exercised its powers as set forth in California Health and Safety Code Section 34350 et. seq. to issue bonds in support of the development and financing of affordable housing in the City of Chula Vista (City); WHEREAS, staff has prepared the Chula Vista Multifamily Mortgage Revenue Bond Policies, inclusive of fees for the administrative costs associated with holding a public hearing in compliance with the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), preparation of the bond issuance, and ongoing administration and monitoring costs (e.g. financial and site monitoring, and annual reporting) required throughout the Qualified Project Period and until expiration of the CDLAC Compliance Period, consistent with CDLAC’s regulations and guidance and in compliance with IRS requirements; WHEREAS, the Housing Authority, in its collection and establishment of fees for the preparation, issuance, administration and ongoing compliance and monitoring of bonds for private projects that have a qualified public benefit, provides its services to a limited segment of the public, specifically housing developers, to obtain unique services and substantial economic benefits available to them only under the State of California’s tax-exempt bond program to issue the debt, not the least of which may be financing at interest rates substantially lower than conventional financing interest rates, if such rates are available, and/or the ability to obtain financing without equity compensation to the lender; WHEREAS, an analysis of the staff effort and the current fully burdened hourly rates for impacted staff associated with preparing, issuing and the ongoing administration, compliance 2018-04-10 Agenda Packet Page 24 and monitoring of bonds for private projects has been conducted to determine the cost of service associated with providing these administrative services; WHEREAS, in order to achieve full and equitable cost recovery for bond issuance, administration, compliance and monitoring services provided, the Council and the Housing Authority wishes to add Chapter 19 of the City’s Master Fee Schedule, as set forth in Exhibit 1, attached hereto and incorporated herein by reference as if set forth in full; WHEREAS, the proposed fees do not exceed the estimated reasonable cost of providing the associated services; WHEREAS, Article XIII C of the California Constitution requires a vote of the electorate to increase any levy, charge, or exaction imposed by a local government, unless specifically exempted; WHEREAS, the proposed fees are exempt from the vote requirement per Sections 1(e)(2) and 1(e)(3); WHEREAS, the proposed amendments to the Master Fee Schedule Chapter 19 shall become effective upon adoption of this Resolution by the City Council and the Housing Authority; and, WHEREAS, in accordance with the requirements of CEQA, the Environmental Review Coordinator has determined that the activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista and the Chula Vista Housing Authority, that it does hereby amend the City’s Master Fee Schedule to add Chapter 19 (Housing Authority) to establish administrative fees related to the Housing Authority Multifamily Housing Revenue Bond financing program as set forth in Exhibit 1 to this Resolution. Presented by Approved as to form by Kelly G. Broughton, FASLA Glen R. Googins Development Services Director City Attorney/Housing Authority Counsel 2018-04-10 Agenda Packet Page 25 MASTER FEE SCHEDULE FEE BULLETIN Chapter 19 – Housing Authority 19-100General Housing Authority Fees City of Chula Vista Development Services 276 Fourth Avenue, Chula Vista, CA 91910 March 2018 City of Chula Vista www.chulavistaca.gov 619.585.5600 TEFRA HEARING FEE Applies to public hearings conducted pursuant to Section 147(f) of the Internal Revenue Code, in compliance with the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). The TEFRA Hearing Fee shall only be charged if the City or Housing Authority does not serve as the Issuer of the subject bonds. TEFRA Hearing fee, non-refundable ............$3,500 ISSUANCE DEPOSIT & FEE Issuance Deposit An issuance deposit shall be collected at the time of application submission. The deposit is nonrefundable, unless the Housing Authority or CDLAC declines the proposed financing. If the financing proceeds, the issuance deposit is applied to offset issuance fees at closing. Issuance deposit...........................................$3,500 Issuance Fee The Housing Authority charges issuance fees associated with the application, preparation and issuance of multifamily housing revenue bonds on behalf of a Project Sponsor. Issuance fees shall be assessed based on the total original principal amount of the bonds (both tax-exempt and taxable) to be issued, and are inclusive of the TEFRA Hearing. Issuance fee .......................20 basis points (0.20%) Minimum Issuance fee...............................$15,000 ANNUAL ADMINISTRATIVE FEE An annual fee for the ongoing administration and monitoring costs (e.g. financial and site monitoring, and annual reporting) of Housing Authority issued Bonds required throughout the Qualified Project Period and until expiration of the CDLAC Compliance Period, reportable to CDLAC. Administrative fees shall be assessed on a dwelling unit (DU) basis. Annual Administrative Fee 0 – 50 DUs..................................................$13,000 51 – 199 DUs..............................................$17,000 200 or more DUs........................................$21,000 Additional Staff Services............Full Cost Recovery FULL COST RECOVERY For all full cost recovery fee items, an initial deposit shall be collected to cover the City’s full cost, including overhead, incurred in conjunction with review and processing as request by the applicant. Additional funds may be collected, as requested by applicant. Additional funds may be collected as required, to cover City costs. Should the application be withdrawn at any time, the deposit shall be adjusted to cover the City’s actual costs, including overhead, up to that time. Any funds remaining on deposit at the time of the completion or withdrawal of the application shall be returned to the depositor, after accounting for expenses incurred to date. See Master Fee Schedule Bulletins 1-100 and 1- 200 for additional discussion of full cost recovery and current hourly rates. ATTACHMENT 1 2018-04-10 Agenda Packet Page 26 Chula Vista Housing Authority Multifamily Mortgage Revenue Bond Policies The City of Chula Vista expands the supply of affordable housing by issuing multifamily mortgage revenue bonds through the Chula Vista Housing Authority (“Housing Authority”), as allocated by the California Debt Limit Allocation Committee (“CDLAC”). Since 1993, the Housing Authority has issued mortgage revenue bonds to private developers to finance low- and moderate-income housing for families. Pursuant to CDLAC Regulation 5031(c), as an Issuer of bonds, the Housing Authority must have written policies setting forth its bond issuance procedures and post-issuance compliance procedures in conformance with the governing laws and regulations. 276 FOURTH AVENUE • BLDG C • CHULA VISTA • CA • 91910 • (619) 691-5047 • FAX (619) 585-5698 www.chulavistaca.gov/housing 2018-04-10 Agenda Packet Page 27 Chula Vista Housing Authority    Summary  1 Chula Vista Housing Authority Multifamily Mortgage Revenue Bond Policies Summary Federal, state, and local legislation authorizes issuance of mortgage revenue bonds (“Bonds”) by local governments to finance the development, acquisition, construction and rehabilitation of multifamily housing rental projects (a “Project” or “Projects”) by a private property owner/developer, also known as the “Project Sponsor”. The interest on the Bonds is exempt from federal and state taxation. As a result, Bonds provide below market financing for qualified multifamily rental projects located in the City of Chula Vista (the "City”). This program is administered by the Housing Authority and uses tax-exempt mortgage revenue bonds (“Bonds”) issued by the Housing Authority. There is no direct liability of the City or the Housing Authority in connection with the issuance or repayment of the Bonds. There is no pledge of the City’s or Housing Authority’s faith, credit, or taxing power and the Bonds do not constitute general obligations of the City or Housing Authority because the security for repayment of the bonds is limited to Project revenue and other sources specified in the documentation for the financing of the Project. Project loans are, in most cases, structured as a real estate loan, with the obligation to repay the bonds secured by a first deed of trust on the Bond-financed property. The program is self-supporting with the owner responsible for the payment of all costs of issuance and other costs and repayment of the obligations. Mission    Our mission is to build strong families and to strengthen the social and physical fabric of the Chula Vista community by creating and sustaining decent, safe and affordable living environments to foster stability in the home and the neighborhood and empowering our diverse residents as change agents for their quality of life. 2018-04-10 Agenda Packet Page 28 Chula Vista Housing Authority    Summary  2 The goals of the Bond financing program include:  Preserving and increasing availability of quality affordable rental housing;  Encouraging economic integration within residential neighborhoods; and  Maintaining and enhancing a quality living environment for residents of affordable housing communities and the surrounding properties. All Projects requesting mortgage revenue Bond issuance are subject to the requirements in these guidelines. The Housing Authority reserves the right to make exceptions, at its sole discretion when deemed necessary. The Housing Authority guidelines and policies are subject to change. 2018-04-10 Agenda Packet Page 29 Chula Vista Housing Authority    Issuer  3 Issuer The Chula Vista Housing Authority (the “Housing Authority”) shall be the issuer of all Bonds financing Projects within the City, except as provided below. Bonds for Projects are intended to be non-recourse conduit financing in which the Housing Authority or the City will not be responsible for the repayment of debt. The Housing Authority and City will consider other issuing agencies as follows: CSCDA and Other Conduits Project Sponsors considering the use of any issuers other that the Housing Authority should contact Housing Authority staff prior to proceeding with the Project. The Housing Authority may agree to the issuance of Bonds by the California Statewide Community Development Authority (“CSCDA”) or a similar issuing conduit provided that the Housing Authority is not making a loan or grant to the Project and the Project is one of multiple projects being financed by the Project Sponsor through such issuing conduit agency in the same California Debt Limit Allocation Committee (“CDLAC”) round under a similar financing program so as to result in economies of issuance or financial feasibility of the projects. Special Circumstances Another agency may issue Bonds when merited by special circumstances of the Project and attendant financing. Where the Housing Authority is not the issuer of Bonds for a Project, it shall be the Housing Authority’s policy to require the issuer to assume full responsibility for issuance and on-going compliance of the Bond issue with federal tax and state laws. Where feasible, however, the City of Chula Vista/Housing Authority shall seek to hold a “The Equity and Fiscal Responsibility Act of 1986” hearing, better known as the “TEFRA Hearing” for such Project. 2018-04-10 Agenda Packet Page 30 Chula Vista Housing Authority    Public Benefit  4 Public Benefit Each Project to be financed must demonstrate tangible public benefits to the community in which it resides before the Housing Authority is willing to act as an issuer for tax-exempt multifamily mortgage revenue Bonds. These benefits must conform to all federal and state requirements for tax-exempt multifamily mortgage revenue Bonds. Affordability for Rental Projects To ensure a public benefit, Project Sponsors must set aside a minimum number of the units in each project for lower income households. These units must be rented to, or held available for rent to, very low-income or low-income tenants. The restricted units must proportionately reflect the mix of all units in the project, be distributed throughout the project, and have the same floor area, amenities, and access to project facilities as market-rate units. To be eligible for tax-exempt financing, Projects must provide a minimum of: Federal  Twenty percent (20%) affordable to those very low-income households at fifty percent (50%) or below the Housing Authority Median Income, adjusted for household size OR  Forty percent (40%) of the units affordable to those low-income households at sixty percent (60%) or below the Housing Authority Median Income, adjusted for household size. State  A minimum of ten percent (10%) of the units affordable to those very low-income households at fifty percent (50%) or below the Housing Authority Median Income , adjusted for household, at specified rent levels. Project owners must certify their tenants’ eligibility annually or as otherwise required by the Housing Authority in the applicable Regulatory Agreement. If a tenant is no longer eligible, the next available unit (if federal tax credits apply to the project, in the building in which the unit was located) must be rented to a new eligible tenant and the current tenant’s rent can be raised to a market level. A unit occupied only by students may not count towards the very low and low-income unit set-aside requirement. Affordability definitions are based on the AMI for the County of San Diego as established by the U.S. Department of Housing and Urban Development. The median income is subject to change annually. 2018-04-10 Agenda Packet Page 31 Chula Vista Housing Authority    Public Benefit  5 Rent Restrictions For purposes of the Housing Authority’s Bond Program, the maximum rent calculations for those units required as the minimum set-aside for very low or low-income households and those required by the adopted CDLAC Resolution may not exceed one-twelfth of 30% of 50% of Area Median Income (“AMI”) for very low-income households or one-twelfth of 30% of 60% of AMI, adjusted for appropriate household size, as further defined in Section 50053 of the California Health and Safety Code. “Appropriate households size” is determined under Section 34312.3 (c)(1)(B) and (c)(2)(B) of the California Health and Safety Code consistent with Section 42 (g)(2)(C) of the Internal Revenue Code (the “Code”). Section 42 (g)(2)(C) requires that in calculating rents, occupancy of units is assumed to be one person in the case of a studio unit, two persons in a one-bedroom unit, three persons in a two- bedroom unit, four persons in a three-bedroom unit, and five persons in a four-bedroom unit. Maximum rents are further reduced by a utility allowance for tenant-paid utilities in the amounts determined by the Housing Authority. In the event tax-exempt bonds are used with Low-Income Housing Tax Credits, or any public funds, the more restrictive rents apply. The maximum rent amounts will also apply to the contract rent if Housing Choice Voucher (HCV) tenants occupy the set-aside units. Term of Rental and Affordability Restrictions The Project must remain as rental housing and continuously meet the affordability requirements for the longest of (a) the Qualified Project Period (as defined in Internal Revenue Code of 1986), (b) such period as may be required by CDLAC (typically, 55-years from the date of the original issuance), (c) as long as the Bonds remain outstanding, or (d) such period as may be required, in the opinion of the City’s or Housing Authority’s Bond Counsel, to meet federal or state law. The City and/or Housing Authority reserve the right to impose additional affordability restrictions if the City or Housing Authority determines it is necessary to be competitive in the state allocation process or in compliance with applicable State laws. The affordability covenant remains in effect for not less than the agreed upon term, which may continue beyond the Qualified Project Period. It is intended that the affordability term will remain in effect beyond the retirement of the Bonds and expiration of any loan agreements. Projects that are financed with Low-Income Housing Tax Credits or any other public funds will be required to meet the requirements of TCAC or the more restrictive requirements of the applicable financing sources. A Bond Regulatory Agreement (“Regulatory Agreement”) containing the rental and affordability restrictions will be recorded against the property and must be complied with by subsequent owners, as the Regulatory Agreement is a covenant that runs with the land. The Regulatory Agreement will be 2018-04-10 Agenda Packet Page 32 Chula Vista Housing Authority    Public Benefit  6 terminated upon expiration of restrictions or in the event of casualty loss or foreclosure, and the subsequent retirement of Bonds as a result of foreclosure. Project Sponsors must regularly verify compliance with the affordability terms outlined within the applicable Regulatory Agreement(s). The Housing Authority reserves the right to impose additional restrictions. State law requires advance notice and other requirements upon the termination of the affordability requirements. Some requirements also place restrictions on the sale of previously affordable housing projects. In addition, at the conclusion of the required affordability period, the rent of those “in-place” tenants will continue to be governed by the applicable affordability restriction, so long as those tenants continue to live in the development. 2018-04-10 Agenda Packet Page 33 Chula Vista Housing Authority    Priority Projects  7 Priority Projects Projects must consist of complete rental units, including kitchens and bathrooms. Projects are considered on a priority basis. They include Projects that will be instrumental to neighborhood turn- around, provide significant public benefit and preserve existing affordable housing. Affordable housing priorities:  Preservation Preservation of projects which are currently publicly subsidized, but at risk of losing affordability restrictions due to sale, termination, or public subsidy reductions.  Recapitalization Substantial rehabilitation of projects with affordability restrictions, including Projects that have reached the expiration of their 15-year tax credit compliance period, but only in conjunction with new mortgage revenue bonds, tax credits, and/or other affordable housing resources to the greatest extent feasible.  Balanced Communities Housing New construction to meet the Balanced Communities Policy of the City of Chula Vista’s Housing Element.  Rehabilitation and new production Substantial rehabilitation of other projects and new construction of affordable housing including low- income, mixed income, or workforce housing, with preference to projects in census tracts where the poverty rate is less than 30 percent; projects that meet revitalization goals. 2018-04-10 Agenda Packet Page 34 Chula Vista Housing Authority    Loan Terms & Conditions  8 Loan Terms & Conditions The terms and conditions of mortgage revenue bond loans shall be in accordance with CDLAC and TCAC requirements and the requirements of the lending institution specific to the Project. The following represents general terms. Maximum/Minimum Loan Amount The bond issuance and related loan amounts for individual projects are based upon project costs, interest rates, revenues available to pay debt service and the appraised value of the Project being financed. The Housing Authority may consider multiple properties as part of a single bond financing on a case by case basis. Interest Rate The effective Mortgage Rate is the aggregate of the applicable bond rate and the add-on fees charged under the program, such as lender, trustee, issuer’s fee, etc. The bond rate, for fixed rate bonds, is determined at the time of a bond sale and the resulting mortgage is typically below conventional mortgage rates. Loan Term The Project loans generally reflect a 30-year amortization schedule, although the bond maturity may be shorter. Affordability Term The affordability term is the lesser of 55 years or the longest affordability period of other financing sources, and is enforced through a recorded regulatory agreement 2018-04-10 Agenda Packet Page 35 Chula Vista Housing Authority    Application Requirements  9 Application Requirements The Housing Authority requires each Project Sponsor complete a Housing Authority application. Applications must be submitted for all Projects seeking Bond financing where the Housing Authority will act as issuer or where the Housing Authority will sponsor or hold a TEFRA hearing. This includes all new money issuances requiring an allocation of bond authority from the California Debt Limit Allocation Committee (CDLAC), new 501(c)(3) issues, and refunding of existing bond issues. Applications must be submitted at least 90 days before the relevant CDLAC application deadline to allow enough time for Housing Authority review and approval. Applications that do not need CDLAC approval must be submitted at least 90 days before the desired Bond closing date. Any information provided in the application must be considered public information by State law.  Chula Vista Affordable Housing Application  Relocation Plan, if applicable – As required by CDLAC regulations (Section 5211 “Tenant Relocation”) if low-income tenants will receive a rent increase exceeding five percent (5%) of their current rent, then a relocation plan is required to address economic displacement. The relocation plan should be consistent with the Uniform Relocation Assistance and Real Property Acquisition Policy Act (42 U.S.C. 61). Project Sponsor Qualifications, Experience and Performance Project Sponsors, or its general partners, including administrative and managing general partners, or a principal in each, are required to have previous experience in the development and ownership of multifamily rental affordable housing projects. Housing Authority staff will review and approve the qualifications of the Project Sponsor and all partners in the ownership entity. As part of the Affordable Housing Application, Project Sponsors are required to submit:  Proposed or executed organizational documents of the Project Sponsor and ownership entity, including a detailed description of the role of each, if separate entities, throughout the regulatory period of the Project; and  Evidence of successfully participating in at least two projects over ten units in size and subject to a recorded regulatory agreement for at least three years prior to the application. The Housing Authority may require evidence projects have maintained positive operating cash flows and that all required reserves have been funded throughout the ownership period. Project Sponsors who are unable to meet qualifications and experience requirements will be required to partner with an entity that does have the necessary experience. 2018-04-10 Agenda Packet Page 36 Chula Vista Housing Authority    Application Requirements  10 The Housing Authority will NOT consider an application from a Project Sponsor if the following conditions exist:  Failure to use an allocation from CDLAC;  Out of compliance with or in default of the terms of any other City/Housing Authority financings or loans. Bonds & Tax Credits Due to Internal Revenue Service (IRS) limitations applicable to the fees charged by issues of tax-exempt bonds where the bond purchaser and the tax credit investor are the same or related entities, the Housing Authority will not issue bonds for Projects where the tax credit investor is all the same or a related entity to the bond purchaser. Exceptions may be granted on a case-by-case basis, at the discretion of the Housing Authority. 2018-04-10 Agenda Packet Page 37 Chula Vista Housing Authority    The Process  11 The Process Application Applications must be submitted for all Projects seeking Bond financing where the Housing Authority will act as issuer or where the Housing Authority will sponsor or hold a TEFRA Hearing. Housing staff will review the application for feasibility. The Housing Authority reserves the right to require an independent study of any proposed Project, with all associated costs to be borne by the Project Sponsor. Determination of Readiness In its review of the submitted application, Housing staff shall determine if the project is in a state of sufficient “readiness” to proceed with the CDLAC application process. This includes the status of the Project in terms of the development process. All Projects must be in compliance with the City’s land use requirements and adopted plans. In general, a Project will be deemed “not ready” if the administrative or discretionary planning approvals will not be completed by the time of the CDLAC application. Issuance Deposit At the time of application, the Project Sponsor must pay an “Issuance Deposit” of $3,500 to fund preliminary costs incurred by the Housing Authority and its consultants. The remaining balance of the Issuance Fee shall be paid upon the closing of the Bonds. The Issuance Deposit is nonrefundable, unless the Housing Authority declines the proposed financing. If the financing goes forward, the fee will be applied to offset the Issuance Fee as a required cost of issuance at Bond closing. The Issuance Deposit may be waived by the Housing Authority Director or his designee. The Housing Authority Director or his designee may issue a waiver of the issuance deposit upon written request by the Project Sponsor along with evidence or other information establishing payment of such fee would impact the financial feasibility of the Project. The Housing Authority Director may approve, partially approve or deny such waiver within 10 business days of such request by providing written notification to the Project Sponsor. Project Sponsor’s Development Team Project Sponsors must submit a Disclosure Statement, identifying of all parties authorized to negotiate on behalf of the development entity, and identification of the development team responsible for the Project and credentials provided for the development team. The development team must include team members with a successful record of accomplishment in developing at least one affordable rental housing project of the type and scale proposed. Bonds should be placed with investors who are experienced in municipal securities investing and analysis or real estate credit underwriting. 2018-04-10 Agenda Packet Page 38 Chula Vista Housing Authority    The Process  12 To the extent that consultants/contractors will be providing services on behalf of a Project Sponsor related to the requirements of these Policies, the Project Sponsor shall provide the Housing Authority with a written statement describing their relationship with the consultant/contractor and any rights the consultant/contractor has to income and obligations generated from any proposed bond issuance activity. Project Sponsors must not have a record of violation of Fair Housing and Employment Practice laws or regulations or of affordability clauses in recorded regulatory agreements of the City or other housing agencies or of discrimination. The Housing Authority shall approve each team member proposed by the borrower and reserves the right to require an independent study of the Project, at the sole cost of the Project Sponsor. Housing Authority Bond Counsel & Financing Team The Housing Authority shall reserve the right to select and approve the municipal advisor, underwriter (if applicable), and bond counsel for the financing. The Housing Authority’s municipal advisor, underwriter, and bond counsel shall be selected as provided for by the City’s Charter and attendant Municipal Code and City requirements. Bond counsel and the municipal adviser specifically represent the interests and concerns of the Housing Authority and the City in ensuring the integrity of the bond transaction. The Project Sponsor will reimburse these costs at bond closing. The Project Sponsor may, at its own expense, add additional members to the finance team to represent its interests. Housing Authority Municipal Advisor The municipal advisor for each transaction will prepare a feasibility study considering the economics of the financing, including: evaluation of the financial strength of the project; assumptions regarding income and expense; sources of security bonds in addition to a mortgage on the project; the Project Sponsor’s financial situation and experience in operating and managing multifamily rental projects; marketability of the bonds; and rights and resources of parties to the transaction in the event of default. Further, the municipal advisor will provide finance advice on all relevant issues to best protect the interests of the Housing Authority and the City. Housing Authority Bond Counsel Bond counsel will prepare the necessary legal documentation for the bonds, including provisions regarding compliance with any applicable continuing disclosure requirements, provide and opinion regarding compliance with any applicable continuing disclosure requirements, provide an opinion regarding the validity of the bonds and their tax-exempt status (if applicable), and provide legal advice on relevant issues to best protect the interest of the Housing Authority and the City, including but not limited to the project monitoring requirement for federal tax, State Law and CDLAC purposes. 2018-04-10 Agenda Packet Page 39 Chula Vista Housing Authority    The Process  13 Bond Underwriter/Remarketing Agent/Private Placement Purchaser The Project Sponsor shall select the construction and permanent lender/bond purchaser and the method of selling bonds for a given transaction subject to the requirements set forth herein and the approval of the Housing Authority. Except as provided in these Policies the Housing Authority will not allow a bond transaction where the tax credit investor is also the bond purchaser or a related party thereto. The practice of allowing the Project Sponsor to propose the lender and bond structure is intended to create an incentive for qualified financial firms to actively work the Project Sp onsor to structure and present feasible financing proposals that meet program requirements. In the event the Project Sponsor has not identified a proposed financing structure for a given transaction, the Housing Authority will select an underwriter, lender or private placement purchaser through a request for proposals process. Bond Trustee/Fiscal Agent The Housing Authority shall select the Bond Trustee or fiscal agent (a financial institution designated by the Housing Authority as the custodian of funds and official representative of bondholders). Housing Authority Consideration In consideration of an application to CDLAC for a Bond allocation and the issuance of Bonds by the Housing Authority, the City and the Housing Authority must complete certain actions. Inducement Resolution A Bond inducement resolution (“Inducement Resolution”) will be drafted and approved by the Housing Authority. This is a conditional expression through the public record of the Housing Authority’s “official intent” to issue Bonds for a Project in order to induce others to provide project financing and is required for tax-exempt financing under Treasury Regulation Section 1.150-2(e). Adoption of the inducement resolution establishes, through the public record, the date from which project costs incurred may be determined to be eligible for financing under the Program with proceeds of tax-exempt bonds. Additionally, the Inducement Resolution authorizes the filing of an application to CDLAC on behalf of the Project Sponsor. Adoption of the Inducement Resolution does not represent any commitment by the Housing Authority, City, or the Project Sponsor to proceed with the financing. The Housing Authority retains absolute and unfettered discretion over the issuance of Bonds through adoption of a resolution authorizing such issuance. Adoption of the inducement resolution does not authorize any subordinate financing by the Housing Authority of the City. Furthermore, the adoption of the inducement resolution shall not be construed to signify the Project complies with the planning, zoning, subdivision and building laws and ordinances of the City or suggests that the Housing Authority or the City will grant any such approval, consent or permit that may be required in connection with the development of a given project. 2018-04-10 Agenda Packet Page 40 Chula Vista Housing Authority    The Process  14 TEFRA Hearing and Approval In accordance with the Tax Equity and Fiscal Responsibility Act (TEFRA) of 1982 and Section 147(f) of the Internal Revenue Code of 1986, the issuance of Bonds must be approved by representatives of the governmental unit with jurisdiction over the area in which the project is located. The TEFRA Hearing will be conducted as a public hearing by the City Council on a date specified in a notice published at least 14 days in advance of the TEFRA hearing in a newspaper of general circulation within the City. The purpose of the public hearing is to provide an opportunity for interested persons to express their views on the proposed Bond issuance and on the nature and location of the Project. City’s Disclosure As a related entity of the City, the Housing Authority will adhere to the City’s Debt Issuance Policies (City Council Policy 220-05) as it may be amended from time to time, which applies to publicly offered bonds. The Housing Authority will present offering statements and disclosure documents for review and approval, as appropriate, by the City. Final Approval Staff Report If recommended for financing by CDLAC, the City’s Housing Department and Housing Authority’s Legal Counsel (including Bond Counsel) will proceed with a recommendation and all necessary documents for final approval of the Bond issuance by the Housing Authority. The report to the Housing Authority shall specify the approvals that are recommended, provide background on the project being financed, describe the financing structure, indicate any exceptions to the City’s investment policy, and describe the financing documents to be approved. The staff report should indicate if a separate City or Housing Authority financial assistance is being provided. However, the terms of that loan should be discussed in a separate staff report which, whenever possible, shall be submitted for the same agenda. The staff report may note that the Bond issue is contingent upon certain other approvals and may identify certain issues to be resolved at a later time. Substantially Final Documents The Housing Authority shall approve documents that are “substantially final” documents. Documents are in “substantially final” form if they identify the final security provisions and financing structure for the transaction. The Housing Authority’s Legal Counsel (including Bond Counsel) shall determine whether documentation is in substantially final form. CDLAC Applications for Bond Allocation Tax-exempt bonds (except 501(c)(3) bonds) require an allocation of Bond authority from CDLAC. To receive the allocation, the Housing Authority must submit an application to CDLAC on behalf of the Project Sponsor. The Inducement Resolution authorizes the submission of an application to CDLAC. The application must demonstrate readiness to proceed with Bond financing and compliance with applicable CDLAC regulations. Project Sponsors approved by CDLAC to receive an allocation of the 2018-04-10 Agenda Packet Page 41 Chula Vista Housing Authority    The Process  15 State ceiling on qualified tax-exempt bonds must be prepared to use those allocations to issue Bonds within 90 days. The Project Sponsor must pay all required CDLAC fees in advance of application submittal. Housing Authority to File The Housing Authority is the applicant to CDLAC for each Project to be financed with tax-exempt Bonds issued by the Housing Authority. Submittal of the application is at the discretion of the Housing Authority, not the Project Sponsor. The Housing Department will submit all applications to CDLAC on behalf of Project Sponsors. The Housing Authority will not file a Project Sponsor’s CDLAC application unless the Project Sponsor had provided the Housing Authority with the CDLAC Performance Deposit and the Housing Authority’s Issuance Deposit. Project Sponsor to Prepare Application Each Project Sponsor shall take responsibility for preparing the CDLAC application for its Project with input from Housing Authority representatives, including its financing team and bond counsel. Performance Deposit At the time of application to CDLAC, the Project Sponsor must deposit with the Housing Authority one half of one percent (0.05%) of the requested allocation (or such other amount as may be required by CDLAC) as a performance deposit. The deposit will be returned to the Project Sponsor according to CDLAC procedures; the deposit is subject to reversion to CDLAC should the financing not close accordingly. Project Sponsors are advised to read CDLAC regulations. Bond Sale and Closing Timing The Bond sale and closing may commence only after the Housing Authority authorizes the Bond issue, including the distribution of a Preliminary Official Statement, if applicable. Investment Agreements If authorized by the Housing Authority, the Project Sponsor, through its representative, which may include the underwriter or municipal advisor, may solicit investment agreement providers for the purpose of reinvesting Bond proceeds and revenues. The investment agreement providers must meet the Housing Authority’s requirements and the requirements in the Bond resolution and trust indenture for the Bonds. The Housing Authority’s Bond counsel and the municipal advisor shall review the investment agreement solicitation forms, the eligible providers, and the investment agreements. 2018-04-10 Agenda Packet Page 42 Chula Vista Housing Authority    The Process  16 Housing Authority Indemnity The Project Sponsor shall be required to provide to the Housing Authority, as a part of Bond documentation, an indemnity agreeing to defend and indemnify the Housing Authority, its members, officers, agents, employees, against any claim, judgment or settlement costs arising out of or involved in the financing, or in any of the documentation related thereto and the Project and volunteers to reimburse for all costs, expenses and attorney fees, in issuing the bonds and monitoring the Project. 2018-04-10 Agenda Packet Page 43 Chula Vista Housing Authority    Types of Bonds  17 Types of Bonds The Housing Authority may issue either tax-exempt or taxable bonds (which includes notes or other debt instruments), or both. Taxable bonds would generally be issued only in combination with tax- exempt bonds. Tax-Exempt Private Activity Bonds For all tax-exempt financing, bond and related loan amounts will be subject to the procedures of CDLAC. Private Activity Bonds Private activity bonds require an allocation of bond authority from CDLAC. To get the allocation, the Housing Authority must submit an application to CDLAC on behalf of the Project Sponsor. Submittal of the application is at the discretion of the Housing Authority, not the Project Sponsor. The Project Sponsor must pay all required CDLAC fees in advance of application submittal. 501(C)(3) Private Activity Bonds The Housing Authority may issue bonds described in Section 145 of the federal tax code on behalf of qualified not-for-profit organizations (“501(c)(3) bonds”). The interest on these 501(c)(3) bonds are tax- exempt and the bonds do not require an allocation from CDLAC. However, 501(c)(3) bonds cannot be used with the Low-Income Housing Tax Credit Program (LIHTC). Taxable Bonds The interest on taxable bonds is not exempt from either federal or state taxation. These bonds are not subject to federal volume "cap" limitations and therefore do not require an allocation from CDLAC. Taxable bonds can be used in combination with LIHTC. Taxable bond issues must meet all applicable requirements of State law requirements governing the Housing Authority’s authority to issue bonds and these Policies and Procedures (including rating requirements) and any such added regulations which may, from time to time, be promulgated by the Housing Authority. Bond Rating and Credit Enhancement The Authority requires that bonds for which it acts as issuer have a minimum rating in the “A” category, or its equivalent, or better by Standard and Poor’s (equivalent Moody’s or other bona fide agency rating also acceptable), except as noted below, OR the bonds be privately placed with a “sophisticated investor” as defined by the Housing Authority. The Housing Authority reserves the right to impose these minimum requirements on bond issues for which the Housing Authority issues bonds, or the Housing Authority or City holds a TEFRA hearing. A preferred way of obtaining the required rating on the Bonds is through credit enhancement. Additional outside credit support may be provided in a number of forms, including a letter of credit 2018-04-10 Agenda Packet Page 44 Chula Vista Housing Authority    Types of Bonds  18 (LOC), mortgage backed security (MBS), collateral pledge, bond insurance, etc., by rated, financial strong private institutions, such as government sponsored entities (including the Federal National Mortgage Association [Fannie Mae] or Federal Home Loan Mortgage Corporation [Freddie Mac]), other government insured mortgage programs, or other qualified credit enhancement providers. The form of credit enhancement must provide for a minimum rating in the “A” category by Standard and Poor’s (or the equivalent). The bond rating must be obtained by the closing of the bond issue. As the primary source of security for the repayment of the bonds, the credit enhancement provider will review and approve the borrower (credit, financial capability, experience, etc.) and the Project and its feasibility, including the size of the loan and the terms or repayment, using their own underwriting criteria. Fixed rate bonds can be issued without credit enhancement if the proposed financing structure results in the required minimum rating on the bonds. However, bonds issued without credit enhancement will only be sold to Qualified Institutional Buyer (“QIBs”) as defined under Rule 144A of the Securities Act of 1933 and in minimum $250,000 denominations, unless waived by the Housing Authority Director in his sole discretion. The Housing Authority Director or his designee may issue a waiver of the requirements of a QIB or minimum denominations upon written request by the Project Sponsor along with evidence or other information establishing justification. Upon consultation with its municipal advisor and legal counsel, the Housing Authority Director may approve, partially approve, or deny such waiver within ten (10) business days of such request by providing written notification to the Project Sponsor. Private Placement The bond rating requirement is waived if the entire bond issue is privately placed with QIBs or institutional “accredited investors,” (as defined in Sections 501(a)(1), (2), (3) or (7) of Regulation D promulgated under the Securities Act of 1933 or an entity in which all of the equity owners meet the requirements of at least one such subsection). It is the Housing Authority’s intent that bonds are placed with those investors who are experienced in investing in unrated municipal securities and can conduct their own analysis of real estate credit underwriting. Bonds must be sold in minimum $250,000 denominations, unless waived by the Housing Authority Director in his sole discretion. Unless approved by the Housing Authority, the bonds may not be held at any time by more than 15 investors. The Housing Authority reserves the right to require that a trustee or fiscal agent participate in privately placed bond transactions. All purchasers (including purchasers of participation interest in the bonds) would be required to sign an investor letter (“Investor Letter”) certifying the investor’s sophistication to understand the risk associated with the purchase of the debt instrument and restricting transfer of the bond issue to other 2018-04-10 Agenda Packet Page 45 Chula Vista Housing Authority    Types of Bonds  19 accredited or qualified investors in denominations of $250,000 and greater. While the note remains unrated, its transferability will be restricted to QIBs or institutional accredited investors who sign an Investor Letter and who would represent to the Housing Authority that they are accredited investors or QIBs, are buying for investment and not for resale, and have made due investigation of the information they would deem material in connection with the purchase of the bonds. 2018-04-10 Agenda Packet Page 46 Chula Vista Housing Authority    Use of Bonds  20 Use of Bonds Bonds issued may be used for both construction or rehabilitation and permanent financing. Bond proceeds may be used for costs of land acquisition (up to twenty-five percent (25%) of tax-exempt bond proceeds), construction rehabilitation, improvements, architectural and engineering services, construction interest, loan fees and other capital costs of the project incurred up to sixty days prior to the bond inducement date. Limitations on Use of Bonds Bond proceeds cannot be used to acquire property from a related party, as defined in CDLAC Regulations Section 5000, to the buyer. No more than 2 percent (2%) of the tax-exempt bond proceeds can be used to finance costs of issuance, such as the services of the financing team members, rating and printing of bonds, costs related to bond allocation, etc. Pursuant to federal tax-exempt requirements, if bonds are used for acquisition and rehabilitation, an amount equal to at least 15 percent (15%) of the portion of the acquisition costs of the building and related equipment financed with the proceeds of the bonds must be used for rehabilitation of the Project. The loans are assumable upon transfer of the Project with the approval of the credit enhancement provider or bond purchaser, and the Housing Authority Director or Assistant Director. 2018-04-10 Agenda Packet Page 47 Chula Vista Housing Authority    Costs of Issuance  21 Costs of Issuance The Multifamily Revenue Bond program is self-supporting. Project Sponsors must pay all costs of issuance at bond closing, including, but not limited to, bond counsel, underwriter, trustee and municipal advisor fees, as well as rating agency fees. Any deposits will be credited toward the cost of issuance at closing. Only two percent (2%) of the proceeds of a tax-exempt bond issue may be used to pay costs of issuance. Costs over two percent (2%) must be paid from other sources secured by the Project Sponsor including, potentially, the proceeds of taxable bonds. Housing Authority Fees TEFRA Hearing Fee The City of Chula Vista shall charge a fee of $3,500 for the administrative costs associated with holding a TEFRA hearing relating to a Project. The fee shall be payable prior to the date that notice of the TEFRA hearing is published. No separate TEFRA hearing fee shall be charged if the City or Housing Authority is issuing the bonds for the Project. Issuance Fee The Housing Authority provides its services to a limited segment of the public, more specifically housing developers, to obtain unique services and substantial economic benefits available to them only under the State of California’s tax-exempt bond program to issue the debt, not the least of which may be financing at interest rates substantially lower than conventional financing interest rates, if such rates are available, and/or the ability to obtain financing without equity compensation to the lender. In consideration of its application to the State and issuance of tax-exempt bonds for the financing of such private projects that have a qualified public benefit and economic benefit to the Project Sponsor, the Housing Authority receives compensation for its services in preparing bond issuances by charging an up-front fee payable at bond closing. The Issuance Fee shall be in an amount equal to 20 basis points (0.20%) of the total original principal amount of the bonds (both tax-exempt and taxable) to be issued, with a minimum fee of $15,000. The Issuance Fee shall not exceed the amount otherwise allowed by the Internal Revenue Service (“IRS”) for tax-exempt bonds. An Issuance Deposit of $3,500 will be collected at the time of application submission. The Issuance Deposit is nonrefundable unless the Housing Authority or CDLAC declines the proposed financing. The Issuance Fee Deposit is applied to the Issuance Fee at closing. The Issuance Deposit shall be applied to the Issuance Fee at closing. 2018-04-10 Agenda Packet Page 48 Chula Vista Housing Authority    Costs of Issuance  22 All remaining Issuance Fees will be collected at the closing of the bond issue except for issues requiring State of California volume cap. Issuance Fees for applications requiring State volume cap will be collected at the time of application submission to the State. No other fees will be collected unless and until the project financing closes, with the exception of projects requiring allocation of State volume cap. For projects requiring volume cap, the entire Issuance Fee is forfeited if the financing fails once the volume cap has been awarded by the State. If the application is withdrawn by the Project Sponsor, after submission to the State, but prior to the award of allocation, all fees except the Issuance Fee Deposit are refundable. Annual Administrative Fee The Housing Authority shall charge an annual fee (“Annual Administrative Fee”) to cover its ongoing costs associated with administration and oversight of outstanding bond issues and monitoring of regulatory restrictions (e.g. financial and site monitoring, and annual reporting) for bond issues required throughout the Qualified Project Period and until expiration of the CDLAC Compliance Period. The Annual Administrative Fee shall be in an amount equal to $13,000 for those Projects with 50 units or less, $17,000 for projects of 51 to 199 units and $21,000 for those projects of 200 units or more. Under no circumstances shall the Ongoing Issuer Fee exceed any limitation under Section 148 of the federal tax code. The first year Annual Administrative fee shall be paid at bond closing. Thereafter, the ongoing Annual Administrative will be due and payable, without the requirement for any invoice to be delivered to the Project Sponsor, in advance in equal semi-annual installments by January 15th and July 15th each year. The Annual Administrative fee will be paid throughout the CDLAC Compliance Period and as specified within the Regulatory Agreement, even if bonds are fully repaid prior to the expiration of the compliance period. The Housing Authority Annual Administrative fee shall be paid “above the line,” i.e., on a parity with bond debt service and trustee fees. This parity provides the greatest assurance that the Housing Authority’s fee will be paid, although it may reduce the amount that the Project Sponsor’s lender may be willing to underwrite. Additional monitoring fees may be charged for monitoring affordable housing units not governed by the Regulatory Agreement. Other Fees Additional fees may be applicable on a case-by-case basis for certain issues that arise that are outside the normal bond issuance process. Examples of such fees are, but not limited to, an IRS audit associated with bond issuance. The Housing Authority shall not be liable for any such fees and the sole responsibility of these other fees that may arise shall be the sole responsibility of the Project Sponsor. 2018-04-10 Agenda Packet Page 49 Chula Vista Housing Authority    Costs of Issuance  23 For staff time incurred, including legal counsel, the Project Sponsor may be charged for such time according to the then current hourly full cost recovery rate charged by the Housing Authority or legal counsel. Table 1: Summary of Housing Authority Fees TEFRA Hearing $3,500 Issuance Fee 20 basis points (0.20%) of the total original principal amount of bonds issued Issuance Deposit $3,500 Annual Administrative Fee $13,000 for 50 units or less $17,000 for 51-199 units $21,000 for 200 units or more Other Fees Full cost recovery 2018-04-10 Agenda Packet Page 50 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  24 Refunding/Restructuring/Remarketing On occasion, a Project Sponsor may ask the Housing Authority to refund its bonds to lower the interest rate, to remarket the bonds with a new credit enhancement, and/or to remarket the bonds as fixed rate bonds. The Project Sponsor will be responsible for all costs and fees related to the refunding. Optional Refunding Reasons to Refund Outstanding Bonds A Project Sponsor may ask the Housing Authority to refund its outstanding bonds for one of several reasons:  Lower the interest rate on fixed rate bonds at the call date (through the issuance of fixed rate or variable rate refunding bonds);  Substitute a new credit structure that was not expressly provided for in the existing documents; or  Restructure the existing debt. Bond Counsel & Financing Team The Housing Authority shall reserve the right to select and approve the municipal advisor, underwriter (if applicable), and bond counsel to implement the refunding. Where possible and if desired by the Housing Authority, the financing team shall consist of the bond counsel, municipal advisor and, if applicable, underwriter that were retained for the original financing. The Project Sponsor will reimburse these costs at bond closing. Legal/Documentation New documents shall be prepared to meet the Housing Authority’s then-current legal, credit, financial, and procedural requirements and applicable then-current state or federal requirements. The Housing Authority shall follow the documentation process applicable to new bonds. Because the Housing Authority’s primary purpose in issuing multifamily housing bonds is to preserve and increase the supply of affordable housing in the Housing Authority, additional public benefit in the form of deeper income targeting, additional rent restrictions, including additional rent restricted units, the extension of the existing term of restrictions, or any combination therefore may be negotiated. The level of additional restrictions for public benefit will be determined in the context of the overall financial feasibility of each financing. Additionally, if federal or state affordability, income, and/or rent restrictions have changed between the time of the original financing and the refunding bonds, the more restrictive provisions shall apply. If new requirements are more restrictive than existing requirements, the new requirements shall be 2018-04-10 Agenda Packet Page 51 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  25 applied in phases to new tenants over a period of time, not to exceed five (5) years, as determined by the Housing Department staff and it’s Attorney. The provisions of Section 52080(g) the California Health and Safety Code shall apply to projects financed under this Program, which requires that low-income units remain affordable, except in certain circumstances, until thirty (30) years after the commencement of the Qualified Project Period. Except in limited circumstances, the provisions of Sections 65863.10 and 65863.11 of the California Government Code shall apply to projects financed under this Program and Project Sponsors are advised to review the requirements of these Sections. Bond Maturity Subject to the approval of bond counsel, the final maturity of the refunding bonds may be later than the final maturity of the prior bonds so as to allow the Project Sponsor the longest possible period for repayment under federal law. A minimum of ten percent (10%) of the units in the Project will be required to be set aside for occupancy by very low-income households at fifty percent (50%) or below the Housing Authority Median Income, with rents set at the corresponding affordability level for the term of the restructured bonds. Compliance The Housing Authority shall not proceed with a refunding if the Project is not in compliance with the current regulatory agreement, continuing disclosure reporting, or arbitrage rebate reporting and payment. Fees The Project Sponsor shall pay the following Housing Authority fees in connection with the refunding:  Issuance Fee The Housing Authority shall charge an Issuance Fee in accordance with the Housing Authority’s current policy on Issuance Fees for new projects.  Annual Monitoring Fee The Housing Authority shall continue to charge the same annual fee for monitoring the Project as for the original bonds. Such fee shall not be reduced even if the refunding bond size is lower. The Project Sponsor is also responsible for all other costs of the Housing Authority to cover the issuance of bonds to refund outstanding bonds (e.g. costs of municipal advisor, bond counsel and trustee, if applicable). 2018-04-10 Agenda Packet Page 52 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  26 Cash Flow Savings Cash flow savings from refunding fixed rate bonds at a lower fixed interest rate or a variable rate shall be applied as follows:  Projects with a Housing Authority or City Loan A portion of the projected cash flow savings, to be determined by the Housing Division, shall be used to accelerate the repayment of the Housing Authority loan, subject to restrictions in existing documents.  Projects with No Housing Authority or City Loan The Housing Authority Housing Department shall require the Project Sponsor to provide affordability or other financial concessions to the Housing Authority as a condition for refunding. Such concessions may include increasing the percentage of affordable units and extending the term of affordability restrictions. Housing Authority Approval All refunding bonds and related legal documentation must be approved by the Housing Authority in accordance with the procedures set for the issuance of new bonds. 2018-04-10 Agenda Packet Page 53 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  27 Default Refunding In the event of a default on the bonds or the underlying mortgage, a fixed rate bond issue may be refundable in advance of the call date without premium. The issue does not arise with variable rate bonds, as such bonds are callable at any time. Default refunding bonds are an area of potential sensitivity for the Housing Authority as it will not want a Project Sponsor to manufacture a default to take advantage of more favorable interest rates. Bond Counsel & Financing Team The Housing Authority shall reserve the right to select and approve the municipal advisor, underwriter (if applicable), and bond counsel to implement the refunding. Such selection shall be made in compliance with the City’s Charter and attendant Municipal Code requirements. Where possible and if desired by the Housing Authority, the financing team shall consist of the bond counsel, municipal advisor and, if applicable, underwriter that were retained for the original financing. The Project Sponsor will reimburse these costs at bond closing. Confirming the Default To confirm a default, the Housing Authority must receive a notice from an independent party, such as the bond trustee. If applicable, notice of cash flow insufficiency is then filed as part of the Continuing Disclosure Certificate. In addition, the Housing Authority shall retain, at the expense of the Project Sponsor, an independent feasibility consultant to review the default. The Housing Authority will proceed with the transaction only if a review by staff and the independent consultant indicates that:  Net cash flow from the Project is currently insufficient to pay debt service on the outstanding bonds and is unlikely to do so within a reasonable period;  The Project is being operated in accordance with reasonable real estate management practices and the net operating income has not been artificially reduced by failing to rent units actively, inflating operating expenses, or other reasons within the control of the Project Sponsor; and  The Project Sponsor has provided audited operating statements, Continuing Disclosure filings (if applicable), and arbitrage rebate reports for all years, has cooperated in providing requested information, and has used operating income and other resources to pay debt service. Additional Requirements  Indemnification The Housing Authority shall be indemnified as to any costs incurred as a result of the refunding, under terms approved by the Housing Authority’s Legal Counsel. Such indemnification shall come from a party or parties with adequate net worth or other financial capacity and whose assets are not limited to ownership of the Project. 2018-04-10 Agenda Packet Page 54 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  28  Future Debt Coverage The analysis of the feasibility consultant shall show that, upon the refunding, the Project’s current net operating income will be at least sufficient to pay the revised debt service plus a reasonable coverage ratio (or adequate non-bond proceeds will be available to cover such deficiencies). In other words, the Housing Authority shall not proceed with the refunding if it will not cure the cash flow problem.  Bond Counsel Review Bond counsel shall have determined that the original bond and disclosure documents provided adequate disclosure of such a potential redemption and that the provisions of the prior documents have been satisfied.  Compliance The Housing Authority shall not proceed with a refunding if the Project is not in compliance with the current regulatory agreement, continuing disclosure reporting, or arbitrage rebate reporting and payment. Fees The fees and expenses of the feasibility consultant, municipal advisor and bond counsel shall not be contingent on their findings or completion of a refunding. The Housing Authority shall require that the Project Sponsor deposit the estimated fees and expenses with the Housing Authority prior to the commencement of any analysis. Affordability Restrictions The affordability requirements for a default refunding shall be the same as those listed under “Legal/Documentation” for an optional refunding. Housing Authority Approval The Development Services Department’s Housing Division, in conjunction with the Finance Department and Housing Authority’s Legal Counsel, shall obtain final Housing Authority approval authorizing the bond issue and execution of the relevant documentation. A recommendation of default refunding by Housing Authority staff shall only be given after an initial analysis of feasibility is performed, a default is confirmed, and it is determined that a refunding will cure the cash flow problem. Housing Authority Fees The Housing Authority shall charge the same Issuance Fee and annual monitoring fee that it otherwise would in conjunction with a new bond issue. 2018-04-10 Agenda Packet Page 55 Chula Vista Housing Authority    Refunding/Restructuring/Remarketing  29 REMARKETING A Project Sponsor may ask the Housing Authority to remarket outstanding bonds under one of three basic scenarios: (1) converting variable rate bonds to fixed rate bonds; (2) a mandatory tender of bonds; or (3) substituting a new credit enhancement for the bonds in accordance with existing documentation. Bond Counsel & Financing Team The Housing Authority shall reserve the right to select and approve the municipal advisor, underwriter (if applicable), and bond counsel to implement the refunding. Where possible and if desired by the Housing Authority, the financing team shall consist of the bond counsel, municipal advisor and, if applicable, underwriter that were retained for the original financing. The Project Sponsor will reimburse these costs at bond closing. Legal/Documentation A remarketing of fixed rate bonds will not require new legal documentation. However, the Housing Authority’s Legal Counsel, in conjunction with bond counsel, may require a new disclosure document. A remarketing of bonds with a new credit enhancement may require amended documentation, as well as a new disclosure document, as determined by the Housing Authority’s Legal Counsel and bond counsel. Fees A remarketing will not result in the payment of additional or revised Housing Authority issuance or annual fees. However, the Housing Authority shall recover its actual remarketing administrative costs incurred (estimated to range from $10,000 to $25,000) from the Project Sponsor. Housing Authority Approval All remarketed bonds and any related documentation shall be approved by the Housing Authority prior to any remarketing. 2018-04-10 Agenda Packet Page 56 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  30 Post-Issuance Compliance Procedures As an issuer of Bonds awarded allocations from CDLAC, the Housing Authority must attest to the adherence with CDLAC requirements for each development that is still in its monitoring period to ensure that Bond funds are spent appropriately and to ensure that rents assessed to tenants meet the terms of the Bond Regulatory Agreement. The Housing Authority performs Bond compliance monitoring duties for CDLAC as defined under Section 5220 of the CDLAC regulations. The Housing Authority shall maintain documents related to its issuance of the Bonds, loan, and ongoing monitoring of the Project in compliance with the City’s Document Retention Policy. Use of Bond Proceeds and Bond-Financed or Refinanced Assets The Project Sponsor shall be responsible for:  Monitoring the use of bonds proceeds and the use of bond-financed or refinanced assets (e.g. facilities, furnishings or equipment) throughout the term of the bonds to ensure compliance with covenants and restrictions set forth in the documents relating to the bonds;  Maintaining records identifying the assets or portion of assets that are financed or refinanced with proceeds of each issue of bonds, including a final allocation of bond proceeds;  Consulting with bond counsel and other legal counsel and advisors in the review of any contracts or arrangements involving use of bond-financed or refinanced assets to ensure compliance with all covenants and restrictions set forth in the documents related to the bonds;  Maintaining records for any contracts or arrangements involving the use of bond-financed or refinanced assets;  Conferring at least annually with personnel responsible for bond-financed or refinanced assets; and,  The extent that the Project Sponsor discovers than any applicable tax restrictions regarding use of bond proceeds and bond-financed or refinanced assets will or may be violated, consult promptly with Bond Counsel and other legal counsel and advisors to determine a course of action to remediate all nonqualified bonds, if such counsel advises that a remedial action is necessary. Record Keeping The Project Sponsor shall be responsible for maintaining the following documents for the term of each issue of bonds (including refunding bonds, if any), and at least three additional years:  A copy of the bond closing transcript(s) and other relevant documentation delivered to the Project Sponsor or in connection with the closing of the bond issue; 2018-04-10 Agenda Packet Page 57 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  31  A copy of all material documents relating to capital expenditures financed or refinanced by bond proceeds, including (without limitation) construction contracts, purchase orders, invoices, trustee requisitions and payment records, draw request for bond proceeds and evidence as to the amount and date of each expenditure of bond proceeds, as well as documents relating to costs paid or reimbursed with bond proceeds and records identifying the assets or portion of assets that are financed or refinanced with bond proceeds, including a final allocation of bond proceeds;  A copy of all contracts and arrangement involving the use of bond-financed or refinanced assets; and  With respect to any investment of bond proceeds or collateral securing the repayment of the bonds, a copy of all records of investments, investment agreements, arbitrage reports and underlying document, including trustee or fiscal agent statements, in connection with any investment agreements, and copies of all bidding document, if any. For housing bond financings subject to the requirement of Section 142 (d) of the Code, as amended, the Project Sponsor shall be responsible for maintaining, until the end of the qualified project period within the meaning of Section 142 (d)(2)(A) of the Code, and at least three (3) additional years a copy of all records evidencing compliance with the requirements of Section 142 (d) of the Code, including tenant income verifications, leases and tenant records. Such records shall be made available to the Housing Authority at its reasonable request. Records for the current year and preceding two (2) years shall be available at the Project site at such time the Housing Authority provides notification of a monitoring of the Project at the site. The Project Sponsor, in the document relating to the bonds and/or other documents finalized at or before the issuance of the bonds, shall agree to the forgoing records retention requirements and procedures. Annual Certification of Public Benefits and On-going Compliance As required by CDLAC regulations, all projects that receive a CDLAC bond allocation and are within an existing regulatory period and/or compliance period, shall be monitored by the Housing Authority for compliance with the terms and conditions of the CLDAC resolution. The Housing Authority may choose to hire an outside compliance monitoring firm to assist with such requirements. The Housing Authority utilizes FOCUS® a housing compliance monitoring and reporting software for submittal of Project rent rolls. It is acknowledged that the Housing Authority is required to collect, review, and submit to CDLAC the Certification of Compliance I, Certification of Compliance II and CDLAC Completion Certificate for each issuance bonds, when applicable. Each year, by March 1st, the Housing Authority submits such 2018-04-10 Agenda Packet Page 58 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  32 certifications to CDLAC in such format as required by CDLAC, and must certify as the issuer that all of its Bond-funded developments are complying with the features originally identified in application to CDLAC and contained in Attachment A to the CDLAC resolution. Annually, on or before February 1st of each year until the expiration of the later of the qualified project period or compliance period under the applicable CDLAC Resolution and Regulatory Agreement, Project Sponsor and/or their representatives, are required to submit to the Housing Authority the following information and forms as follows:  Certification of Delivery of Public Benefits and Continuing Program Compliance (attach validating back-up information on services contracts, services types, and services frequency)  Annual QRRP Certification of Compliance I or II form, as applicable (Must be submitted and signed on project sponsor letterhead)  IRS Form 8703 Annual Certification of a Residential Rental Project  If property did not already submit its rent roll for this previous year via FOCUS®, the City’s/Housing Authority’s housing compliance monitoring and reporting software , then submit rent roll as of December 30th. Else, resubmission of September 30th rent rolls is not required.  If CDLAC adopted a new Exhibit A to its CDLAC resolution in the most recent year, the most recent Exhibit A  If the project ownership has changed since the Bonds were first issued, provide: o Completed Legal Status Questionnaire (attached to Certification of Delivery of Public Benefits form) o W-1 Attachment o Partnership organizational chart with principals and officers of each entity of the new partnership identified (see sample forms attached). Project Sponsors and/or representatives are required to maintain the above records and any other records required by the Housing Authority or CDLAC for the term prescribed in the Bond, Regulatory Agreement, or any other legal requirement (including applicable period which may be subject to audit) whichever is the longest. All required forms for submittal to the Housing Authority for monitoring purposes can be found on the City of Chula Vista Rental Housing Compliance website at 2018-04-10 Agenda Packet Page 59 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  33 http://www.chulavistaca.gov/departments/development-services/housing/building- affordable-housing/rental-housing-compliance. The Housing Authority shall review the Project Sponsor’s Certificate of Compliance, all other documents submitted and may request additional supporting documents that evidence compliance as necessary in the sole reasonable discretion of the Housing Authority. IRS Form 8703 The Project Sponsor is required to submit IRS Form 8703 annually to the IRS on or before each March 31st as long as the bonds are outstanding. Form 8703 provides annual information to the IRS to help them determine whether a project continues to be a qualified residential rental project under Section 142 (d) of the Code, as amended. Monitoring For projects receiving an allocation of bond authority from CDLAC after December 31, 2016, CDLAC requires that a review of twenty percent (20%) of all management files associated with federally bond- restricted units either on-site or electronically be performed upon project completion and a minimum of every three (3) years thereafter. Non-Compliance For projects which are not satisfying the terms and conditions stated in the CDLAC Resolution, the Housing Authority will provide written notification of such non-compliance to the Project Sponsor and provide two (2) weeks for Project Sponsors to provide any further information or documentation that may demonstrate continuing compliance. Should the Housing Authority determine such non- compliance continues to exist, the Housing Authority will work with its legal counsel and CDLAC staff to institute remedial action, as necessary, including an action for specific performance or other available remedy, as may be specified within the Regulatory Agreement, Loan Agreement or other loan related documents. The Housing Authority may disqualify a bond application from any Project Sponsor or member of the development partnership who is not in compliance with the Housing Authority’s or CDLAC’s post issuance compliance requirements, guidelines, policies as determined by the Housing Authority and/or by CDLAC. Transfer of Ownership The Housing Authority reserves the right to approve any voluntary change in ownership of a bond- financed project (i) to another owner; (ii) that results in a transfer of fifty percent (50%) or more of the total equity interests in a project owner or (iii) that results in a transfer of any general partner or managing member interest in the project owner. Such approval of transfer ownership shall be at the discretion of the Housing Authority subject to any additional requirements set for in the applicable tax certificate or Regulatory Agreement. The Housing Authority shall review management practices of the 2018-04-10 Agenda Packet Page 60 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  34 proposed transferee’s current and previously owned multifamily housing rental properties. Any proposed transferee (including individuals with an ownership) whose currently owned multifamily housing rental properties have been found by the Housing Authority to have deficiencies that have not been resolved within the time frame prescribed by the City, Housing Authority, or other local government authorities, may not assume ownership of or an ownership interest in an any bond- financed project. The Housing Authority may initiate additional inspections to verify findings. Carryforward Election With respect to each allocation of tax-exempt private activity bond issue authority to the Housing Authority in a given calendar year for which less than all of the allocation volume cap was used, the Housing Authority staff shall contact CDLAC requesting confirmation of the amount, if any, of carryforward election the Housing Authority shall make under Section 146(f) of the Code and the Housing Authority will timely file a Form 8328 with the IRS. Arbitrage Rebate Compliance The Project Sponsor shall comply with all applicable federal tax laws set forth in the tax or arbitrage certificate and bond documents, including arbitrage rebate compliance. Upon request, the Project Sponsor shall provide the Housing Authority documentation that verifies the Project Sponsor’s compliance with federal tax laws set forth in the tax or arbitrage certificate and bond documents, including rebate compliance reports. Other Required Disclosures The Project Sponsor shall be solely responsible of any and all disclosures under any applicable Securities and Exchange Commission and any Municipal Securities Rulemaking Board (MSRB) rules, requirements and regulations, including but not limited to fixed rate bond issuance with Fannie Mae and/or Freddie Mac involvement. SAMPLE FORMS TO FOLLOW 2018-04-10 Agenda Packet Page 61 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  35 2018-04-10 Agenda Packet Page 62 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  36 2018-04-10 Agenda Packet Page 63 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  37 2018-04-10 Agenda Packet Page 64 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  38 2018-04-10 Agenda Packet Page 65 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  39 2018-04-10 Agenda Packet Page 66 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  40 2018-04-10 Agenda Packet Page 67 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  41 2018-04-10 Agenda Packet Page 68 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  42 2018-04-10 Agenda Packet Page 69 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  43 2018-04-10 Agenda Packet Page 70 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  44 2018-04-10 Agenda Packet Page 71 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  45 2018-04-10 Agenda Packet Page 72 Chula Vista Housing Authority    Post-Issuance Compliance Procedures  46 2018-04-10 Agenda Packet Page 73 Chula Vista Housing Authority    INDEX  47 INDEX Bond Issuance Application and supporting documents requirements ............................................................................... 9 Fee Structure for issuance and ongoing annual administration............................................................... 21 Requirements for inducement & TEFRA Resolutions and TEFRA public hearings ............................. 13 Parameters for issuer liability for bond issuance or repayment of bonds ............................................... 1 Indemnification requirements with respect to the financing and the project ....................................... 15 Procedures and requirements for private placement purchases and public sales of bonds ............... 17 Underwriter selection criteria and procedures .......................................................................................... 13 Credit enhancement requirements .............................................................................................................. 17 Bond Counsel selection criteria and procedures ....................................................................................... 12 Loan to value restrictions/limits .................................................................................................................... 8 Interest rate restrictions/limits ....................................................................................................................... 8 Requirements for offering materials or disclosure documents ............................................................... 14 Maximum loan amount .................................................................................................................................. 8 Minimum bond ratings ................................................................................................................................. 16 Minimum/maximum bond denominations ................................................................................................ 17 Limitations on uses of bond proceeds ......................................................................................................... 20 Rent and income limitations (if applicable) ................................................................................................. 4 Affordability requirements ............................................................................................................................. 5 Public benefit requirements ............................................................................................................................ 4 Debt to income requirements ......................................................................................................................... 8 Local review and approval requirements ................................................................................................... 11 Review procedures and requirements for financing structure, financing documents and tax-exempt status ........................................................................................................................................... 11 Developer and ownership partnership requirements and limitations ..................................................... 9 Property management requirements and limitations ............................................................................. n/a Management plan requirements ................................................................................................................ n/a 2018-04-10 Agenda Packet Page 74 Chula Vista Housing Authority    INDEX  48 Procedure for determining developer fee and developer fee limits ......................................................... 8 ID any third-party contractors and describe rights, obligations and limitations of third- party contractors ............................................................................................................................................ 12 Exceptions/waivers of policy requirements and procedures for requesting a waiver ................... 11, 18 Post Issuance Compliance Identification of third-party contractors engaged in compliance verification, reporting and/or auditing and describe rights, obligations and limitations of third-party contractors ........................... 30 Identification of parties responsible for compliance verification and reporting ................................... 29 Commencement of Qualified Project Period and reporting requirements and procedures ................................................................................................................................................ 30 Compliance forms for reporting ................................................................................................................... 34 Compliance verification, reporting and auditing procedures: ................................................................. 30 Affordability (i.e.: # of units at 50% AMI and 60% AMI) (QRRP only) ...................................................... Income limits (QRRP only) ............................................................................................................................ Utility allowances (QRRP only) ..................................................................................................................... Service amenities and other public benefits required by CDLAC resolution .................................................. Arbitrage rebate ............................................................................................................................................... Frequency of compliance verification, reporting and audits .................................................................... 30 Issuer document retention procedures and time limits ............................................................................. 29 Site-based document retention procedures and time limits ..................................................................... 30 Procedures for reporting compliance/non-compliance to regulatory agencies and other external entities (i.e.: CDLAC, TCAC, etc.) ................................................................................................. 30 Criteria and procedures for seeking revised resolutions and/or regulatory agreements ......................... Non-compliance correction procedures and penalties ............................................................................. 32 2018-04-10 Agenda Packet Page 75 Attachment 2 TEFRA Hearing Staff FCR Hours TOTAL Sr Management Analyst 119.70$ 10 1,197.00$ Deputy City Attorney 228.10$ 3 684.30$ Bond Counsel 525.00$ 3 1,575.00$ Housing Authority Members 50.00$ 5 250.00$ Publication of Public Hearing Notice 250.00$ TOTAL Estimated Cost of Service 3,956.30$ Proposed Fee 3,500.00$ Annual Administrative Fee Hours TOTAL Hours TOTAL Hours TOTAL Sr Management Analyst 119.70$ 60 7,182.00$ 80 9,576.00$ 100 11,970.00$ Housing Manager 166.57$ 12 1,998.84$ 16 2,665.12$ 20 3,331.40$ Sr. Fiscal Office Specialist 77.23$ 10 772.30$ 10 772.30$ 10 772.30$ Accountant 106.75$ 6 640.50$ 6 640.50$ 6 640.50$ Fiscal & Management Analyst 154.86$ 6 929.16$ 6 929.16$ 6 929.16$ Bond Counsel 525.00$ 1 525.00$ 3 1,575.00$ 3 1,575.00$ Deputy City Attorney 228.10$ 3 684.30$ 3 684.30$ 3 684.30$ Software Costs (Third Party Vendor)6.00$ 50 300.00$ 100 600.00$ 200 1,200.00$ TOTAL Estimated Cost of Service 13,032$ 17,442$ 21,103$ Proposed Fee 13,000$ 17,000$ 21,000$ COST OF SERVICE ANALYSIS Mid (51-199 dus) Small (<51 dus) Large (200+ dus) FCR Staff 2018-04-10 Agenda Packet Page 76 City of Chula Vista Staff Report File#:18-0084, Item#: 3. A. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE, SECTION 19.58.022 (ACCESSORY SECOND DWELLING UNITS); CHAPTER 19.04 (DEFINITIONS); CHAPTER 19.20 (AGRICULTURAL ZONE); CHAPTER 19.22 (RESIDENTIAL ESTATES ZONE); CHAPTER 19.24 (SINGLE-FAMILY RESIDENCE ZONE); CHAPTER 19.26 (ONE- AND TWO-FAMILY RESIDENCE ZONE); CHAPTER 19.28 (APARTMENT RESIDENTIAL ZONE); AND CHAPTER 19.48 (PLANNED COMMUNITY ZONE) WITH REGARD TO ACCESSORY DWELLING UNITS (FIRST READING) B. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE CHAPTER 3.32 (RESIDENTIAL CONSTRUCTION TAX) TO EXEMPT ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS FROM THE RESIDENTIAL CONSTRUCTION TAX AND AMENDING CHAPTER 17.10 (PARKLANDS AND PUBLIC FACILITIES) TO WAIVE ASSESSMENT OF PARKLAND ACQUISITION AND DEVELOPMENT FEES FOR ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS (FIRST READING) RECOMMENDED ACTION Council place the ordinances on first reading. SUMMARY The item is an amendment to various sections of the Chula Vista Municipal Code (CVMC), related to Accessory Dwelling Units (ADUs), to comply with state law and its stated intent. In January 2017, the State of California enacted laws: Senate Bill 1069; Assembly Bill 2299; and Assembly Bill 2406, to address the statewide affordable housing demand. Generally, the bills require a ministerial approval process for ADUs and Junior Accessory Dwelling Units (JADUs) and other requirements described later in this report. These laws went into effect on January 1, 2017, and, arguably, had the effect of nullifying and voiding the City’s existing Accessory Second Dwelling Unit (ASDU) ordinance. In January 2018, the state enacted two additional laws: Senate Bill 229; and Assembly Bill 494. These bills further define provisions to allow ADUs on lots with a proposed or existing primary residence, allowed limited or no parking requirement, and a limitation on utility connection requirements and fees. Staff reviewed the City’s existing ASDU ordinance, which is still contained in the CVMC, and prepared a draft amendment to incorporate the new requirements, and to be in compliance with state law. Further, ADUs generally serve low- and moderate-income families, and the findings in Government Code Section 65852.150(b) as amended by Senate Bill 1069 indicate that ADUs are an essential component of California’s housing supply that should not be subject to excessive local agency requirements, including fees. Therefore, Ordinance B would waive the Residential Construction Tax (RCT) and Parkland Acquisition and Development (PAD) Fees for ADU building permits. ENVIRONMENTAL REVIEW City of Chula Vista Printed on 4/5/2018Page 1 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 77 File#:18-0084, Item#: 3. Environmental Notice The Accessory Dwelling Unit Ordinance Amendments qualify for a Class 3 Categorical Exemption pursuant to Section 15303 (New Construction or Conversion of Small Structures) of the California Environmental Quality Act State Guidelines. In addition, the Accessory Dwelling Unit Ordinance Amendments qualify for an Exemption pursuant to Section 15061(b)(3) of the California Environmental Quality Act State Guidelines. The Fee Waiver Ordinance Amendment is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. Environmental Determination The City Council finds that the Accessory Dwelling Unit Ordinance Amendments are exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to Section 15303 - New Construction or Conversion of Small Structures and Section 15061(b)(3) because it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment. The City Council finds that the Fee Waiver Ordinance Amendment is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3), no further environmental review is required. BOARD/COMMISSION RECOMMENDATION The San Diego County Airport Land Use Commission reviewed Ordinance A and determined that it is consistent with Airport Land Use Compatibility Plan (APLUCP) (Attachment 4), and on November 8, 2017 the City of Chula Vista Planning Commission recommended adoption of Ordinance A to the City Council (Attachment 2). DISCUSSION The state determined that a substantial statewide storage of affordable housing is prevalent. In 2016 state law established SB 1069; AB 2406; and AB 2299 that allows local governments to create an ordinance to regulate ADUs and JADUs in single-family and multifamily zones, and replaced the term “second unit” with “accessory dwelling unit.” The intent is to create opportunities for residential property owners to build accessory dwelling units as affordable housing stock, and for jurisdictions to allow such units through a ministerial process; in January 2017 these bills became effective. In January 2018, the State enacted SB 229 and AB 494. These bills require jurisdictions to allow these units in single family and multi-family zones with proposed or existing primary residences, limited parking and utility connection requirements for ADUs. As a result, the City’s Accessory Second Dwelling Unit (ASDU) ordinance is now null and void until the City adopts an ADU ordinance that complies with state law. Listed below are the key Chula Vista ASDU ordinance amendments that will comply with state law: • Changes the nomenclature from Accessory Second Dwelling Units to Accessory Dwelling Units; and • Allows ADUs on single-family and multi-family zoned lots developed with a proposed or an existing single-family dwelling; and • Eliminates the minimum lot size requirement; and • Permits a maximum ADU unit size of 1,200 square feet; not exceeding 50 percent of the primary City of Chula Vista Printed on 4/5/2018Page 2 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 78 File#:18-0084, Item#: 3. dwelling, whichever is less; and • Does not require garage replacement when a garage for the primary dwelling is converted to an ADU; and • Allows replacement parking in any configuration including tandem parking; and • Does not require parking for ADUs if located within ½ mile of public transit; and • Allows for existing detached garages in the rear yard to be converted to an ADU and maintain the existing setback; and • Requires ADUs above a detached garage to maintain a minimum five-foot rear and side yard setback from property lines; and • Permits attached ADUs subject to the same development standards for the primary dwelling; and • Allows for ADUs to be subject to design standards; and • Allows the City to require owner-occupancy; and • Allows for JADUs to be located within the existing dwelling (i.e. converted bedroom) not exceeding 500 square feet, with no parking requirement. Additionally, the following code sections are amended to include provisions for ADUs and JADUs: Chapters 19.04 (Definitions), 19.20 (Agricultural Zone), 19.22 (Residential Estates Zone), 19.24 (Single-Family Residence Zone), 19.26 (One- and Two-Family Residence Zone), 19.28 (Apartment Residential Zone), and 19.48 (Planned Community Zone) will be amended to include ADUs and JADUs as accessory uses in the respective sections (Attachment 2). In keeping with the findings and intent of the mentioned state legislation, namely, that ADUs represent an essential component of California’s affordable housing stock; and that Chapters 3.32 (Residential Construction Tax) and 17.10 (Parklands and Public Facilities) originally allowed for waivers of the respective tax and fees for projects serving low- and moderate-income families, Ordinance B would amend Municipal Code Chapters 3.32 and 17.10 to allow for waiving the respective tax and fees for all ADU and JADU permits. Public Outreach On April 6, 2017 staff presented the draft Ordinance A to the Development Services Citizen Oversight Committee; following discussion and review, the Committee recommended adoption of Ordinance A. ANALYSIS Senate Bill 1069 established state law authorizing local jurisdictions to create an ordinance for: ·The provision of accessory dwelling units (ADUs) in single-family and multi-family residential zones; and ·Replace the term “second unit” with “accessory dwelling unit”; and ·Provide optional parking standards for ADUs under specific circumstances; and ·Require ministerial approval to create existing space within a single-family dwelling or accessory structure for ADUs; and ·Prohibit local agencies from requiring the installation of a new or separate utility connection between the ADU and the utility, or requiring a connection or capacity fee as they are not to be considered as a new residential use; and ·Various development standards. Senate Bill 1069 also amended Government Code Section 65852.150 to include the finding that ADUs offer lower cost housing to meet the needs of existing and future residents, and that they City of Chula Vista Printed on 4/5/2018Page 3 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 79 File#:18-0084, Item#: 3. ADUs offer lower cost housing to meet the needs of existing and future residents, and that they represent an essential component of California’s housing supply. Part (b) indicates that it is the intent of the state legislature that the provisions of a local agency ADU ordinance not be so arbitrary, excessive, or burdensome so as to unreasonably restrict the ability of homeowners to create ADUs in authorized zones. Assembly Bill 2299 established state law authorizing local jurisdictions to create an ordinance for similar provisions stated in SB 1069, and added a provision to reduce or eliminate parking requirements. Assembly Bill 2406 established State law for the provision of Junior Accessory Dwelling Units (JADUs) within existing single-family residences. The provisions include: ·No parking requirement; and ·Limit the number of junior accessory dwelling units to one per single-family residential zoned lot with an existing single-family residence; and ·An owner-occupancy requirement; and ·Various development standards. In January 2018 Senate Bill 229 and Assembly Bill 494 established state law that provides for ADUs to be located in single-family and multi-family zones with a proposed or existing primary residence, and additional provisions that limit ADU parking requirements, specifically requiring one parking space per bedroom or per unit, or eliminating parking requirements entirely. SB 229 refined provisions previously established with SB 1069 and AB 2299 by allowing ADUs in zones that allow a single-family or multifamily use with a proposed or existing single-family dwelling. AB 494 also refined the previous bills and is similar to SB 229, but added flexible setback requirements for existing garages, limited parking not to exceed a maximum of one space per ADU, and further defined accessory structure. State law does allow ADUs and JADUs as rentable units separate from the primary residence, but the units cannot be sold separately. State law allows the City to require owner-occupancy for ADUs and the proposed Ordinance A does make this a requirement along with the recordation of an agreement with the County that stipulates the occupancy requirement. CONCLUSION The proposed ordinances, if adopted, will be consistent with state law and will encourage the development of more ADUs and JADUs, thereby increasing the availability of affordable housing. If Ordinance A is not adopted, the provisions outlined in State law will remain in effect. If Ordinance B is not adopted, ADUs and JADUs will be assessed the Residential Construction Tax and Parkland Acquisition and Development Fees with waivers being addressed by City Council on a case-by-case basis. DECISION-MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site- specific and consequently, the 500-foot rule found in California Code of Regulations Title 2, section 18702.2(a)(11), is not applicable to this decision for purposes of determining a disqualifying real City of Chula Vista Printed on 4/5/2018Page 4 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 80 File#:18-0084, Item#: 3. 18702.2(a)(11), is not applicable to this decision for purposes of determining a disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.). Staff is not independently aware, and has not been informed by any City Councilmember, of any other fact that may constitute a basis for a decision maker conflict of interest in this matter. LINK TO STRATEGIC GOALS The City’s Strategic Plan has five major goals: Operational Excellence, Economic Vitality, Healthy Community, Strong and Secure Neighborhoods and a Connected Community. The Ordinances support the Strong and Secure Neighborhoods goal as they seek to lower barriers to new affordable housing development. CURRENT YEAR FISCAL IMPACT All staff costs associated with preparing the Ordinances is included in the adopted budget. ONGOING FISCAL IMPACT As a planning document, the adoption of Ordinance A will have no direct fiscal impact to the City. However, as projects are implemented both a revenue stream and cost factors will be realized. As implementation of Ordinance A occurs, additional information regarding specific fiscal impacts of future individual projects will be evaluated. Long-term implementation of Ordinance B will result in minor reductions in revenue to the Residential Construction Tax and Parkland Acquisition and Development funds. Due to the low-impact nature of ADUs relative to single- and multi-family dwellings, the fee amounts being waived do not represent a significant anticipated reduction of revenue to the aforementioned funds. ATTACHMENTS 1. Planning Commission Resolution MPA17-0008 2. Planning Commission Minutes 3. Airport Land Use Commission Letter Staff Contact: Michael Walker, Senior Planner, DSD Advance Planning Division City of Chula Vista Printed on 4/5/2018Page 5 of 5 powered by Legistar™2018-04-10 Agenda Packet Page 81 ORDINANCE NO.________ ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE, SECTION 19.58.022 (ACCESSORY SECOND DWELLING UNITS); CHAPTER 19.04 (DEFINITIONS); CHAPTER 19.20 (AGRICULTURAL ZONE); CHAPTER 19.22 (RESIDENTIAL ESTATES ZONE); CHAPTER 19.24 (SINGLE-FAMILY RESIDENCE ZONE); CHAPTER 19.26 (ONE- AND TWO-FAMILY RESIDENCE ZONE); CHAPTER 19.28 (APARTMENT RESIDENTIAL ZONE); AND CHAPTER 19.48 (PLANNED COMMUNITY ZONE) WITH REGARD TO ACCESSORY DWELLING UNITS WHEREAS, in January 2017, the State of California enacted the following laws: Senate Bill 1069; Assembly Bill 2299; and Assembly Bill 2406; and in January 2018 Senate Bill 229; and Assembly Bill 494 to address the statewide affordable housing demand requiring a ministerial approval process and limiting regulatory requirements for Accessory Dwelling Units (ADUs) and Junior Accessory Dwelling Units (JADUs); and WHEREAS, as a result of said recently enacted California Laws, the City’s current Accessory Second Dwelling Unit (ASDU) Ordinance (Chula Vista Municipal Code Section 19.58.022) became null and void; and WHEREAS, staff reviewed the City’s ASDU Ordinance, and prepared a draft amendment to incorporate the new requirements to be in compliance with State law; and WHEREAS, the revisions to Title 19 “Planning and Zoning” of the Chula Vista Municipal Code contained in this Ordinance address the required amendments; and WHEREAS, staff presented the ADU Ordinance to the Development Services Oversight Committee which recommended adoption of the Ordinance; and WHEREAS, on November 8, 2017 the City of Chula Vista Planning Commission held an advertised public hearing on the subject ADU Ordinance and voted 6-0-1-0 to adopt Resolution No. MPA17-0008 and thereby recommended that the City Council adopt the Ordinance; and WHEREAS, The City Council reviewed the proposed activity for compliance with the California Environmental Quality Act and hereby finds and determines that the adoption of this Ordinance is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to Section 15303 - New Construction or Conversion of Small Structures and Section 15061(b)(3) of the State CEQA Guidelines because it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment; therefore, no further environmental review is required; and 2018-04-10 Agenda Packet Page 82 WHEREAS, the City Council set the time and place for a hearing on the subject Ordinance and notice of said hearing, together with its purpose, was given by its publication in a newspaper of general circulation in the City at least ten days prior to the hearing; and WHEREAS, the City Council held a duly noticed public hearing on said Ordinance at a time and place as advertised in the Council Chambers located at 276 Fourth Avenue and said hearing was therefore closed. NOW THEREFORE the City Council of the City of Chula Vista does hereby ordain as follows: Section I. Section 19.58.022 Accessory Dwelling Units 9.58.022 Accessory dwelling units. A. The purpose of this section is to provide regulations for the establishment of accessory dwelling units in compliance, inter alia, with California Government Code Section 65852.2. Said units may be located in residential zone districts where adequate public facilities and services are available. Accessory dwelling units are a potential source of affordable housing and shall not be considered in any calculation of allowable density of the lot upon which they are located, and shall also be deemed consistent with the General Plan and zoning designation of the lot as provided. Accessory dwelling units shall not be considered a separate dwelling unit for the purpose of subdividing the property into individual condominium or lot ownership. B. For the purposes of this section, the following words are defined: “Above” as used in this section shall mean an accessory dwelling unit that is attached, and built over a primary residence including an attached garage, or above a detached garage or similar building in the rear yard. Exhibit B.1-“Behind”Exhibit B.2-“Buildable Pad Area” 2018-04-10 Agenda Packet Page 83 “ “Accessory dwelling unit” means an attached or a detached residential dwelling unit which provides complete independent living facilities for one or more persons. It shall include permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family dwelling is situated. An accessory dwelling unit also includes the following: (A) An efficiency unit, as defined in Section 17958.1 of the Health and Safety Code. (B) A manufactured home, as defined in Section 18007 of the Health and Safety Code. “Attached” shall mean a wall, floor, or ceiling of an accessory dwelling unit is shared with the primary residence on the property. “Basement” shall mean the same as defined in CVMC 19.04.026. “Behind” shall mean an accessory dwelling unit constructed either entirely between the rear of the primary residence and the rear property line, or at the side of the primary residence, and set back from the front plane of the primary residence at least 50 percent of the distance between the front and back planes of the primary residence (Exhibit B.1). “Buildable pad area” shall mean the level finish grade of the lot not including slopes greater than 50 percent grade (Exhibit B.2). “Detached” shall mean an accessory dwelling unit separated from the primary residence as specified in subsection (C)(5)(e) of this section. “Living area” shall mean the interior habitable area of a dwelling unit including basements and attics, but does not include garages or any accessory structure. “Primary residence” shall mean a proposed or existing single-family dwelling constructed on a lot as the main permitted use by the zone on said parcel. “Tandem parking” shall mean that two or more vehicles are parked on a driveway or in any other location on the lot lined up behind one another. C. Accessory dwelling units shall be subject to the following requirements and development standards: 1. Zones. Accessory dwelling units may accompany a proposed or an existing primary residence in single family zones, on multifamily zoned lots developed with a single- family residence, or similarly zoned lots in the Planned Community (PC) zone. Accessory dwelling units or junior accessory dwelling units are not permitted on lots developed with condominiums, townhomes, apartments, or similar multifamily developments. Construction of a primary residence can be in conjunction with the construction of an accessory dwelling unit. Where a guesthouse or other similar accessory living space exists, accessory dwelling units are not permitted. The conversion 2018-04-10 Agenda Packet Page 84 of a guest house, other similar living areas, or other accessory structures into an accessory dwelling unit is permitted, provided the conversion meets the intent and property development standards of this section, and all other applicable CVMC requirements. Accessory dwelling units shall not be permitted on lots within a planned unit development (PUD), unless an amendment to the PUD is approved and specific property development standards are adopted for the construction of said dwelling units for lots within the PUD. 2. Unit Size. The total floor space of an attached or detached accessory dwelling unit shall not exceed 50 percent of the living area of the primary residence or 1,200 square feet whichever is less. The original buildable pad area of a lot may be increased through regrading and/or use of retaining walls or structures as allowed for a specific lot. 3. Unit Location. Accessory dwelling units are prohibited in the required front setback. 4. Height. An accessory dwelling unit, as measured from the ground, shall not exceed the height limit for the primary residence in accordance with the underlying zone. 5. Development Standard Exceptions. Accessory dwelling units shall conform to the underlying zoning and land use development requirements with regards to the setbacks for primary residences with the following exceptions: a. New detached single-story accessory dwelling units are allowed a setback of no more than five feet from the side and rear lot lines. b. For lots with up-slopes between the side or rear of the house, required yard setbacks are measured from the toe of slope. c. For lots with down-slopes between the side or rear of the house, required yard setbacks shall be measured from the top of slope. d. A detached accessory dwelling unit shall be located a minimum of 6 feet from a primary residence. e. No setback shall be required for an existing garage that is converted to an accessory dwelling unit or to a portion of an accessory dwelling unit, and a setback of no more than five feet from the side and rear lot lines shall be required for an accessory dwelling unit that is constructed above a garage. 6. Lot Coverage. Other than conversions of other structures, new accessory dwelling units and all other structures on the lot are limited to the maximum lot coverage permitted according to the underlying zone. Other than conversions of other structures a new 2018-04-10 Agenda Packet Page 85 detached accessory dwelling unit and all other detached accessory structures combined, shall not occupy more than 30 percent of the required rear yard setback. 7. Parking. Parking for an accessory dwelling unit is not required in any of the following instances: i. The accessory dwelling unit is within one-half mile from public transit. ii. The accessory dwelling unit is within an architecturally and historically significant historic district. iii. The accessory dwelling unit is part of an existing primary residence or an existing accessory structure. iv. The accessory dwelling unit is in an area where on-street parking permits are required, but not offered to the occupant of the accessory dwelling unit. v. The accessory dwelling unit is located within one block of a car share area. 8. Accessory dwelling units not meeting any of the above requirements shall be subject to the following access and parking regulations: a. Parking. Parking requirements for accessory dwelling units shall not exceed one parking space per unit or per bedroom, whichever is less. Parking spaces may be provided in tandem on an existing driveway provided that access to the garage for the primary residence is not obstructed. Off-street parking shall be permitted in setback areas in locations or through tandem parking, unless specific findings are made that parking in setback areas or tandem parking is not feasible based upon specific site or regional topographical or fire and safety conditions. b. The required parking space(s) shall be on the same lot as the accessory dwelling unit. This parking is in addition to the parking requirements for the primary residence as specified in CVMC 19.62.170. c. Notwithstanding CVMC 19.62.190, if the accessory dwelling unit involves the conversion of an existing garage used by the primary residence, replacement parking shall be provided prior to, or concurrently with, the conversion of the garage into the accessory dwelling unit. The replacement parking may be located in any configuration on the same lot as the accessory dwelling unit, including, but not limited to, covered spaces, uncovered spaces, tandem spaces, or by the use of mechanical automobile parking lifts. If the existing driveway is no longer necessary for the access to the converted garage or other required parking, said driveway may be used to satisfy the required parking for the accessory dwelling unit when not exempt from CVMC 19.58.022(C)(7). d. Access to all required parking shall be from a public street, alley or a recorded access easement. Access from a designated utility easement or similar condition shall not be permitted. For any lot proposing an accessory dwelling unit and served by a panhandle or easement access, the access must be a minimum 20 feet in width. 2018-04-10 Agenda Packet Page 86 e. Curb cuts providing access from the public right-of-way to on-site parking spaces shall be acceptable to the City Engineer. An encroachment permit from the City Engineer shall be obtained for any new or widened curb cuts. f. Required parking spaces or required maneuvering area shall be free of any utility poles, support wires, guard rails, stand pipes or meters, and be in compliance with CVMC 19.62.150. g. When a required parking space abuts a fence or wall on either side, the space shall be a minimum of 10 feet wide. If this area also serves as the pedestrian access from an accessory dwelling unit to the street, the paving shall be a minimum 12 feet wide. h. All required parking spaces shall be kept clear for parking purposes only. 9. Utilities. The accessory dwelling unit within a single-family residential zone that is contained within the existing space of a single-family residence or accessory structure and which has independent exterior access shall be served by the same water and sewer lateral connections that serve the primary residence. A separate electric meter and address may be provided for the accessory dwelling unit. Accessory dwelling units that are not contained within the existing space of a single-family residence or accessory structure shall be served by their own separate water and sewer lateral connections. Separate electric meter and addresses shall be provided for the separate accessory dwelling units. 10. Design Standards. The lot shall retain a single-family appearance by incorporating matching architectural design, building materials and colors of the primary residence with the accessory dwelling unit, and any other accessory structure built concurrently with the accessory dwelling unit. However, the primary residence may be modified to match the new accessory dwelling unit. The accessory dwelling unit shall be subject to the following development design standards: a. Matching architectural design components shall be provided between the primary residence, accessory dwelling unit, and any other accessory structures. These shall include, but are not limited to: i. Window and door type, style, design and treatment; ii. Roof style, pitch, color, material and texture; iii. Roof overhang and fascia size and width; iv. Attic vents color and style; v. Exterior finish colors, texture and materials. 2018-04-10 Agenda Packet Page 87 b. A useable rear yard open space of a size at least equal to 50 percent of the required rear yard area of the underlying zone shall be provided contiguous to the primary residence. Access to this open space shall be directly from a common floor space area of the primary residence such as living or dining rooms, kitchens or hallways, and without obstruction or narrow walkways. c. A useable open space that has a minimum dimension of six feet and an area not less than 60 square feet in area shall be provided contiguous to an accessory dwelling unit. A balcony or deck may satisfy this requirement for second story units. d. Windows on second story accessory dwelling units should be staggered and oriented away from adjacent residences closer than 10 feet. The location and orientation of balconies or decks shall also be oriented away from adjacent neighbors’ backyard and living space windows. e. Trash and recycling containers must be stored between pick-up dates in an on-site location that is screened from public view and will not compromise any required open space areas. 11. Designated Historical Sites. An accessory dwelling unit may be allowed on designated or historical sites, provided the location and design of the accessory dwelling unit meets corresponding historical preservation requirements in place at the time the accessory dwelling unit is built, and complies with the requirements of this section including the following: a. The accessory dwelling unit shall be located behind a primary residence that is determined to be a historic resource. b. The construction of the accessory dwelling unit shall not result in the removal of any other historically significant accessory structure, such as garages, outbuildings, stables or other similar structures. c. The accessory dwelling unit shall be designed as to have a distinguishable architectural style and finished materials composition from the historic primary residence or structure. d. Construction of an accessory dwelling unit shall not result in demolition, alteration or movement of any historic structures and any other on-site features that convey the historic significance of the structure and site. e. If an historic house/site is under a Mills Act contract with the City, the contract shall be amended to authorize the introduction of the accessory dwelling unit on the site. 2018-04-10 Agenda Packet Page 88 12. Occupancy Requirement. At the time of building permit submittal, and continuously thereafter, the property owner(s) shall reside on the lot on which the accessory dwelling unit is located or constructed. The Zoning Administrator shall have the authority to suspend this occupancy requirement for a period not to exceed five years when evidence has been submitted that one of the following situations exists: a. The property owners’ health requires them to temporarily live in an assisted living or nursing facility. b. The property owner is required to live outside the San Diego region as a condition of employment or military service. c. The property owner is required to live elsewhere to care for an immediate family member. d. The property owner has received the property as the result of the settlement of an estate. 13. Land Use Agreement. Concurrent with the issuance of building permits for the construction of an accessory dwelling unit, the property owner shall sign and notarize a land use agreement which sets forth the occupancy and use limitations prescribed in this section. This agreement will be recorded with the County of San Diego Recorder on title to the subject property. This agreement shall run with the land, and inure to the benefit of the City of Chula Vista. 14. Accessory dwelling units shall not be required to provide fire sprinklers if they are not required for the primary residence. 15. Recordation of a deed restriction is required, which shall run with the land, shall be filed with the permitting agency, and shall include both of the following: (a) A prohibition on the sale of the accessory dwelling unit separate from the sale of the single-family residence, including a statement that the deed restriction may be enforced against future purchasers. (b) A restriction on the size and attributes of the accessory dwelling unit that conforms to this section. 9.58.022(a) Junior Accessory Dwelling Units. A. Definition: “Junior accessory dwelling unit” shall mean a unit that is no more than 500 square feet in size and contained entirely within an existing single-family structure. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure. 1) B. In single-family residential zones, a junior accessory dwelling unit is permitted and shall meet all of the following:One junior accessory dwelling unit per residential lot 2018-04-10 Agenda Packet Page 89 zoned for single-family residences with a single-family residence already built, and no ADU or guest house exists on the lot. 2) Owner-occupancy is required in the single-family residence in which the junior accessory dwelling unit will be permitted. The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit. Owner- occupancy shall not be required if the owner is another governmental agency, land trust, or housing organization. 3) Recordation of a deed restriction is required, shall run with the land, and shall be filed with the permitting agency, and shall include both of the following: (a) A prohibition on the sale of the junior accessory dwelling unit separate from the sale of the single-family residence, including a statement that the deed restriction may be enforced against future purchasers. (b) A restriction on the size and attributes of the junior accessory dwelling unit that conforms to this section. 4) A permitted junior accessory dwelling unit shall be constructed within the existing walls of the structure, and require the inclusion of an existing bedroom. 5) A separate entrance from the main entrance to the structure is required, with an interior entry to the main living area. A permitted junior accessory dwelling may include a second interior doorway for sound attenuation. 6) An efficiency kitchen for the junior accessory dwelling unit is required, and shall include: (a) A sink with a maximum waste line diameter of 1.5 inches. (b) A cooking facility with appliances that do not require electrical service greater than 120 volts or natural or propane gas. (c) A food preparation counter and storage cabinets that are of reasonable size in relation to the size of the junior accessory dwelling unit. C. Additional parking is not required for a junior accessory dwelling unit. D. For purposes of providing service for water, sewer, or power, including a connection fee, a junior accessory dwelling unit shall not be considered a separate or new dwelling unit. Section II. Chapter 19.04
DEFINITIONS 19.04.087 Dwelling, accessory dwelling unit. 2018-04-10 Agenda Packet Page 90 19.04.087 Dwelling, accessory dwelling unit. “Accessory dwelling units or junior accessory dwelling units” are independent living facilities of limited size that provide permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as a single-family dwelling. This includes efficiency units and manufactured homes, in conformance with the requirements for such units as defined in State Government Code Section 65852.2. Section III. Chapter 19.20
AGRICULTURAL ZONE 19.20.030 Accessory uses and buildings. Accessory uses and buildings customarily incidental to any of the above uses permitted in the agriculture zone, subject to the regulations for such as required herein, include: I. Accessory dwelling units, subject to the provisions of CVMC 19.58.022. Section IV. Chapter 19.22
R-E – RESIDENTIAL ESTATES ZONE 19.22.030 Accessory uses and buildings. Accessory uses and buildings customarily incidental to any of the above uses shall be permitted in the R-E zone subject to the regulations herein: H. Accessory dwelling units,subject to the provisions of CVMC 19.58.022; Section V. Chapter 19.24
R-1 – SINGLE-FAMILY RESIDENCE ZONE 19.24.030 Accessory uses and buildings. Accessory uses permitted in the R-1 zone include: K. Accessory dwelling units,subject to the provisions of CVMC 19.58.022; Section VI. Chapter 19.26 R-2 – ONE- AND TWO-FAMILY RESIDENCE ZONE 19.26.030 Accessory uses and buildings. The following are the accessory uses permitted in an R-2 zone: G. Accessory dwelling units on lots developed with a single-family dwelling, subject to the provisions of CVMC 19.58.022; Section VII. 2018-04-10 Agenda Packet Page 91 Chapter 19.28 R-3 – APARTMENT RESIDENTIAL ZONE 19.28.030 Accessory uses and buildings. Accessory uses and buildings in the R-3 zone include: H. Accessory dwelling units on lots developed with a single-family dwelling, subject to the provisions of CVMC 19.58.022. Section VIII. Chapter 19.48
P-C – PLANNED COMMUNITY ZONE Sections: 19.48.145 P-C zone – Accessory dwelling units. 19.48.145 P-C zone – Accessory dwelling units. Accessory dwelling units may be permitted within single-family residential areas within the planned community zone subject to the provisions of CVMC 19.58.022 and the provisions of the respective general development plans and sectional planning area plans for each particular planned community. Section IX. Severability If any portion of this Ordinance, or its application to any person or circumstance, is for any reason held to be invalid, unenforceable or unconstitutional, by a court of competent jurisdiction, that portion shall be deemed severable, and such invalidity, unenforceability or unconstitutionality shall not affect the validity or enforceability of the remaining portions of the Ordinance, or its application to any other person or circumstance. The City Council of the City of Chula Vista hereby declares that it would have adopted each section, sentence, clause or phrase of this Ordinance, irrespective of the fact that any one or more other sections, sentences, clauses or phrases of the Ordinance be declared invalid, unenforceable or unconstitutional. Section X. Construction The City Council of the City of Chula Vista intends this Ordinance to supplement, not to duplicate or contradict, applicable state and federal law and this Ordinance shall be construed in light of that intent. Section XI. Effective Date This Ordinance shall take effect and be in force on the thirtieth day after its final passage. Section XII. Publication The City Clerk shall certify to the passage and adoption of this Ordinance and shall cause the same to be published or posted according to law. 2018-04-10 Agenda Packet Page 92 Presented by:Approved as to form by: _____________________________________ ____________________________ Kelly G. Broughton, FASLA Glen R. Googins Director of Developmental Services City Attorney 2018-04-10 Agenda Packet Page 93 C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@480E8BEC\@BCL@480E8BEC.docx ORDINANCE NO. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE CHAPTER 3.32 (RESIDENTIAL CONSTRUCTION TAX) TO EXEMPT ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS FROM THE RESIDENTIAL CONSTRUCTION TAX AND AMENDING CHAPTER 17.10 (PARKLANDS AND PUBLIC FACILITIES) TO WAIVE ASSESSMENT OF PARKLAND ACQUISITION AND DEVELOPMENT FEES FOR ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY DWELLING UNITS WHEREAS, Chula Vista Municipal Code (CVMC) Chapter 3.32 requires that all residential development constructed in the City of Chula Vista be assessed a residential construction tax (RCT) to generate revenue to offset the burden imposed upon the public facilities and infrastructure of the City as a result of new residential development; and WHEREAS, CVMC Section 3.32.050 provides for waiving the RCT for dwelling units in the City that would serve as housing for low- and moderate-income families with the recommendation of the Planning Commission; and WHEREAS, CVMC Section 17.10.010 requires that new residential development dedicate land and develop improvements for park and recreation purposes; and WHEREAS, CVMC Section 17.10.070 allows for the payment of in-lieu Parkland Acquisition and Development (PAD) fees for land dedication and park development improvements; and WHEREAS, CVMC Section 17.10.070 provides for waiving PAD Fees by resolution of the City Council in the interests of stimulating the construction of housing for low- and moderate-income families; and WHEREAS, in January 2017, the State of California enacted Senate Bill 1069, Assembly Bill 2299, and Assembly Bill 2406 to address the statewide affordable housing demand requiring a ministerial approval process for Accessory Dwelling Units (ADUs) and Junior Accessory Dwelling Units (JADUs); and WHEREAS, in conjunction with this item, the City Council is considering an ordinance that revises Title 19 “Planning and Zoning” of the CVMC to address amendments required by Senate Bill 1069 and Assembly Bill 2299; and WHEREAS, the findings in Government Code Section 65852.150(b) as amended by Senate Bill 1069 indicate that ADUs are an essential component of California’s housing supply and that the intent of the legislation is to ensure that fees among other local agency imposed 2018-04-10 Agenda Packet Page 94 Ordinance Page 2 requirements are not arbitrary, excessive, or burdensome to unreasonably restrict the ability of homeowners to create ADUs in zones in which they are authorized; and WHEREAS, waiving the RCT and PAD Fees assessed on building permits for ADUs and JADUs is in accordance with the stated intent in Government Code Section 65852.150; and WHEREAS, the City Council has reviewed the proposed action for compliance with the California Environmental Quality Act (CEQA) and hereby finds and determines that the action is not a “Project” as defined under Section 15378 of the State CEQA Guidelines; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the action is not subject to CEQA. Notwithstanding the foregoing, the City Council also hereby finds and determines that the action qualifies for an Exemption pursuant to Section 15061(b)(3) of the State CEQA Guidelines; therefore, no further environmental review is required. NOW THEREFORE the City Council of the City of Chula Vista does hereby ordain as follows: Section I.The following paragraph is hereby added to the end of Section 3.32.030 “Definitions.”, part “A”of the CVMC: The term “dwelling unit” for the purposes of this chapter excludes “Accessory Dwelling Units” or “Junior Accessory Dwelling Units” as defined in CVMC 19.58.022 and 19.58.022(a), respectively. Section II.Section 3.32.050 “Waiver of tax requirements.” of the CVMC is hereby replaced in its entirety with the following: Resolution of City Council. The City Council may, by resolution, waive this tax for any of the said dwelling-unit types listed hereinabove in this chapter to be constructed or converted within the already developed and previously subdivided urban core of the city or for any dwelling unit types constructed anywhere within the city that would serve as housing for low- or moderate-income families. Section III.The following part “C” is hereby added to the end of Section 17.10.070 “In-lieu fees for dedication and/or park development improvements.” of the CVMC: C. Land Uses Exempt from In-Lieu Fees. “Accessory Dwelling Units” and “Junior Accessory Dwelling Units” as defined in CVMC 19.58.022 and 19.58.022(a), respectively, are exempt from payment of in-lieu fees for park land dedication and park development as they offer lower cost housing supply to low- and moderate-income families. Section IV. Severability If any portion of this Ordinance, or its application to any person or circumstance, is for any reason held to be invalid, unenforceable or unconstitutional, by a court of competent jurisdiction, that portion shall be deemed severable, and such invalidity, unenforceability or unconstitutionality shall not affect the validity or enforceability of the remaining portions of the 2018-04-10 Agenda Packet Page 95 Ordinance Page 3 Ordinance, or its application to any other person or circumstance. The City Council of the City of Chula Vista hereby declares that it would have adopted each section, sentence, clause or phrase of this Ordinance, irrespective of the fact that any one or more other sections, sentences, clauses or phrases of the Ordinance be declared invalid, unenforceable or unconstitutional. Section V. Construction The City Council of the City of Chula Vista intends this Ordinance to supplement, not to duplicate or contradict, applicable state and federal law and this Ordinance shall be construed in light of that intent. Section VI. Effective Date This Ordinance shall take effect and be in force on the thirtieth day after its final passage. Section VII. Publication The City Clerk shall certify to the passage and adoption of this Ordinance and shall cause the same to be published or posted according to law. Presented by:Approved as to form by: _____________________________________ ____________________________________ Kelly G. Broughton, FASLA Glen R. Googins Director of Development Services City Attorney 2018-04-10 Agenda Packet Page 96 2018-04-10 Agenda Packet Page 97 2018-04-10 Agenda Packet Page 98 2018-04-10 Agenda Packet Page 99 2018-04-10 Agenda Packet Page 100 2018-04-10 Agenda Packet Page 101 2018-04-10 Agenda Packet Page 102 2018-04-10 Agenda Packet Page 103 2018-04-10 Agenda Packet Page 104 City of Chula Vista Staff Report File#:18-0140, Item#: 4. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9 (d)(1) A. Name of case:Jason Jones v. City of Chula Vista, et al., San Diego Superior Court, Case No. 37-2017-33222-CU-PO-CTL B. Name of case:Connie Romero v. City of Chula Vista, et al., San Diego Superior Court, Case No. 37-2017-815-CU-PO-CTL City of Chula Vista Printed on 4/5/2018Page 1 of 1 powered by Legistar™2018-04-10 Agenda Packet Page 105