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HomeMy WebLinkAboutReso 2003-433RESOLUTION NO. 2003-433 (AGENCY RESOLUTION NO. 1846) JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING THE AFFORDABLE HOUSING AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY, THE CITY OF CHULA VISTA, AND CIC EASTLAKE, L.P. AND AUTHORIZING THE EXECUTION OF SAID AGREEMENT WHEREAS, CIC Eastlake, L.P. (the "Developer") has proposed to construct a 150 unit apartment building located at 1311 Eastlake Parkway in the City of Chula Vista (the "Project"); and WHEREAS, the City Council of the City of Chula Vista (the "City Council") and the Board of Directors of the Redevelopment Agency of the City of Chula Vista (the "Agency") have approved a Loan Agreement and Related Restricted Covenants (the "Loan Agreement") with the Developer, whereby the Agency and City have agreed to make loans to the Developer, and the Developer has agreed to develop, construct, and operate the Project, and to restrict occupancy of 149 of the apartment units in the Project to very low, lower income and low and moderate income households, and rent those units at an affordable rent; and WHEREAS, the City, the Agency and the Developer are required pursuant to the Loan Agreement to enter into an "Affordable Housing Agreement" which would set forth the affordable requirements applicable to the Project; and WHEREAS, the City has adopted a Housing Element to the City General Plan which sets forth the objective of providing housing to satisfy the needs and desires of various age, income and ethnic groups of the community, and which specifically provides for the development of rental housing units through City assistance; and WHEREAS, the Affordable Housing Agreement furthers the goals of the City set forth in the Housing Element as it will facilitate the creation of affordable housing which will serve the residents of the neighborhood and the City; and WHEREAS, the Project is located outside of the Agency's redevelopment project areas, but the development and operation of the Project pursuant to the Affordable Housing Agreement would benefit the Agency's redevelopment project areas by providing affordable housing for persons who currently live and work within those redevelopment project areas; and WHEREAS, the Agency has adopted an Implementation Plan pursuant to Health and Safety Code Section 33490, which sets forth the objective of providing housing to satisfy the needs and desires of various age, income and ethnic groups of the community, and which specifically provides for the development of rental housing units through Agency assistance; and WHEREAS, the Affordable Housing Agreement furthers the goals of the Agency set forth in the Implementation Plan as it will facilitate the creation of affordable housing which will serve the residents of the neighborhood and the City; and Resolution 2003-433 Page 2 WHEREAS, the City Council and the Agency have duly considered all terms and conditions of the proposed Affordable Housing Agreement and believe that the Affordable Housing Agreement is in the best interests of the City and the Agency and the health, safety, and welfare of the residents of the City, and in accord with the public purposes and provisions of applicable Federal, State and local law requirements. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA AND THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA DO JOINTLY RESOLVE AS FOLLOWS: Section 1. The City Council and the Agency hereby approve the Affordable Housing Agreement in substantially the form presented to the City Council and Agency, subject to such revisions as may be made by the City Manager/Agency Executive Director or his designee. The Mayor and City Manager and their designees are hereby authorized to execute the Affordable Housing Agreement on behalf of the City. The Chairman and Executive Director and their designees are hereby authorized to execute the Affordable Housing Agreement on behalf of the Agency. A copy of the Affordable Housing Agreement when executed by the City and Agency shall be placed on file in the office of the City Clerk. Section 2. The Mayor and City Manager (or designee) on behalf of the City, and the Chairman and Executive Director of the Agency (or designee) on behalf of the Agency, are hereby authorized to make revisions to the Affordable Housing Agreement which do not materially or substantially increase the obligations of the City or Agency thereunder or materially or substantially change the uses or development permitted on the site, to sign all documents, to make all approvals and take all actions necessary or appropriate to carry out and implement the Affordable Housing Agreement and to administer the obligations, responsibilities and duties of the City and Agency to be performed under the Affordable Housing Agreement and related documents. Presented by Approved as to form by Lau Madigan Commumty Development ~irector Resolution 2003-433 Page 3 PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment Agency of the City of Chula Vista, California, this 7th day of October, 2003, by the following vote: ATTEST: Agency/Councilmembers: Agency/Councilmembers: Agency/Councilmembers: AYES: NAY S: ABSENT: Davis, McCann, Rindone, Salas and Padilla None None Susan Bigelow, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing City Council Resolution No. 2003-433/Redevelopment Agency Resolution No. 1846 was duly passed, approved, and adopted by the City Council and Redevelopment Agency at a regular meeting held on the 7th day of October, 2003. Executed this 7th day of October, 2003. Susan Bigelow, CMC, City Clerk