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HomeMy WebLinkAboutReso 2005-405 RESOLUTION NO. 2005-405 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN AFFORDABLE HOUSING TRANSFER AGREEMENT RELATED TO OTAY RANCH VILLAGE SEVEN BETWEEN THE CITY AND MCMILLIN OTAY RANCH, LLC AND AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT WHEREAS, Program 3.1 of the City's Housing Element strives for a balanced residential community through the integration of low income housing through out the City and requires that a minimum of ten percent of a new residential development of fifty (50) units or more be made available and affordable to both low and moderate income households, with at least one half of those units for low income households; and WHEREAS, conditions of approval for the Otay Ranch Village Seven Section Planning Area (SPA) Plan and Village Seven Tentative Subdivision Map Chula Vista Tract 05-07 required McMillin Otay Ranch, LLC (Developer) to enter into an agreement with the City ofChula Vista to guarantee the construction and delivery of housing units affordable to low and moderate income households prior to recordation of Otay Ranch Village Seven first final map; and WHEREAS, to comply with this condition, the City has prepared an Affordable Housing Transfer Agreement for the Otay Ranch Village Seven Planned Community for City Council's consideration and approval; and WHEREAS, consistent with Policy 3.1 of the City's Housing Element of the General Plan, the City has determined that the unique conditions of the development provide an unreasonable hardship for the new construction of units within Village Seven. The City finds that such new construction of units would present an "unreasonable hardship to the developer" in light of such factors as the difficulty in integrating due to significant price and product disparity. As described in the Village Seven Sectional Planning Area (SPA) Plan, the residential neighborhoods are predominately single family and low density neighborhoods; and WHEREAS, as set forth in the Village Seven SPA Plan, the Vista Verde Low Income Housing Obligation may be deferred to a future village or location, such as the portion of Otay Ranch Planning Area 12/EUC owned by Developer; and WHEREAS, the City further finds that the public interest would be served by allowing the affordable housing to be produced or operated within Developer's EUC Land based upon: (I) proximity to public transit; (2) proximity to employment; (3) proximity to services and entertainment; and (4) proximity to the proposed University, which would provide access to university services for the residents and affordable units for students and faculty. Additionally, the provision of the Vista Verde affordable housing obligation within the EUC will not be significantly detrimental to achieving balanced residential communities and will provide at a minimum the equivalent number of required affordable units with comparable rent and occupancy restrictions; and WHEREAS, this agreement implements affordable housing requirements and impacts previously analyzed in the certified Environmental Impact Report (EIR) for the Otay Ranch Village Seven General Development Plan (GDP) and Sectional Planning Area (SPA) Plan, therefore, no additional action is required under California Environmental Quality Act (CEQA); and Resolution 2005-405 Page 2 WHEREAS, the transfer of this obligation is consistent with the GDP and SPA. NOW, THEREFORE. BE IT RESOLVED by the City Council of the City of Chula Vista that this City Council does hereby approve in the fonn presented an Affordable Housing Transfer Agreement related to Otay Ranch Village Seven, a copy of which shall be kept on file in the Office of the City Clerk. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby authorized to execute said agreement for and on behalf of the City ofChula Vista. Presented by Approved as to fonn by ~)d~ #/ ~. / ana SmIth 4--- Assistant City Manager/ Community Development Director -C~~,("M)\~~\;,~ Ann Moore City Attorney Resolution 2005-405 Page 3 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 6th day of December, 2005, by the following vote: AYES: Councilmembers: Castaneda, McCann, Rindone, and Padilla NAYS: Councilmembers: None ABSENT: Councilmembers: Davis ATTEST: ~..utl-l-~ ~~ Susan Bigelow, MMC, Cit 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 Resolution No. 2005-405 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 6th day of December 2005. Executed this 6th day of December 2005. ~~_ 1LL~~ ~ ~ Susan Bigelow, MMC, Cit lerk