HomeMy WebLinkAboutReso 2022-197RESOLUTION NO. 2022-197
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A FIRST AMENDMENT TO THE
BALANCED COMMUNITIES HOUSING AGREEMENT FOR
OTAY RANCH VILLAGE 3 BETWEEN THE CITY AND
HOMEFED VILLAGE III MASTER, LLC, FLAT ROCK LAND
COMPANY, LLC, AND HOMEFED OTAY LAND II, LLC
WHEREAS, City and HomeFed Village III Master, LLC, (also referred to as “Developer”
entered into Balanced Communities Affordable Housing Agreement [Otay Ranch Village 3] dated
December 6, 2016, and recorded December 21, 2016, as Document No. 2016-0700046 of Official
Records, County of San Diego, State of California ("Affordable Housing Agreement”); and
WHEREAS, on June 15, 2021, the City approved the Village 3 and a Portion of Village 4
Sectional Planning Area (SPA) Amendment by Resolution No. 2021-122 of the City Council
which authorized amendments to the land use designations with neighborhoods R-6, R-19 and R-
20, resulting in an increase in the number of residential units planned for the Project; and
WHEREAS, the Affordable Housing Agreement provides that Developer’s affordable
housing obligation to provide 64 low-income units and 64 moderate income-units will be modified
if Developer builds in excess of 1,270 units within Otay Ranch Village 3; and
WHEREAS, based on the increase in the number of residential units planned for the Project
described above, Developer is required to provide 38 additional total units, consisting of 19
additional low-income units and 19 additional moderate-income units (“Remaining Village 3
Affordable Housing Obligation”); and
WHEREAS, the Parties thereto wish to amend the Affordable Housing Agreement via a
First Amendment as provided therein to transfer the obligation to build the Remaining Village 3
Affordable Housing Obligation (HomeFed Village III Master, LLC, and Flat Rock Land Company,
LLC (collectively referred to as “Owner/Developer”)) to Village 8 East, which is owned by
HomeFed Otay Land II, LLC, a Delaware limited liability company.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves the First Amendment to Balanced Communities Housing Agreement for Otay
Ranch Village 3 between the City and HomeFed Village III Master, LLC and Flat Rock Land
Company, LLC and Hom eFed Otay Land II, LLC, to transfer the 38 units from Village 3 to Village
8 East, in substantial form presented, with such minor modifications as may be required or
approved by the Cit y Attorney, a copy of which shall be kept on file in the Office of the City Clerk,
and authorizes and directs the City Manager to execute same.
DocuSign Envelope ID: F3773CB1-C546-49C7-9FF2-B07A401F1E49
Resolution No. 2022-197
Page No. 2
Presented by Approved as to form by
Laura C. Black, AICP Glen R. Googins
Interim Director of Development Services City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 23rd day of August 2022 by the following vote:
AYES: Councilmembers: Cardenas, Galvez, McCann, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilla
Mary Casillas Salas, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2022-197 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 23rd day of August 2022.
Executed this 23rd day of August 2022.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: F3773CB1-C546-49C7-9FF2-B07A401F1E49