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HomeMy WebLinkAboutcc min 2001/08/14 RDA MINUTES OF ADJOURNED REGULAR MEETINGS OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA August 14, 2001 6:00 p.m. Adjourned Regular Meetings of the City Council and Redevelopment Agency of the City of Chula Vista were called to order at 7:24 p.m. in the Council Chambers, located in the Public Services Building, 276 Fourth Avenue, Chula Vista, California. ROLL CALL PRESENT: Agency/Councilmembers: Davis, Padilla, Rindone, Salas and Chair/Mayor Horton ABSENT: Agency/Councilmembers: None ALSO PRESENT: Executive Director/City Manager Rowlands, Agency/City Attorney Kaheny, and City Clerk Bigelow CONSENT CALENDAR 1. AGENCY RESOLUTION 1744 AND COUNCIL RESOLUTION NO. 2001-271, JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA (A) APPROVING LOAN AGREEMENTS AND RELATED RESTRICTWE CONVENANTS; THE AFFORDABLE HOUSING AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY, CITY OF CHULA VISTA, AND MAIN PLAZA, LP (FORMED BY AVALON COMMUNITIES) AND AUTHORIZING THE CHAIRMAN OF THE REDEVELOPMENT AGENCY/MAYOR TO EXECUTE SAID AGREEMENTS; AND (B) APPROPRIATING $1,510,000 FROM THE UNAPPROPRIATED BALANCE IN THE LOW AND MODERATE INCOME HOUSING FUND AND $300,000 FROM THE CITY'S HOME FUNDS FOR FINANCIAL ASSISTANCE TO MAIN PLAZA, LP FOR THE DEVELOPMENT AND OPERATION OF MAIN PLAZA On June 13, 2000, the Agency/City approved a special use permit, density bonus, and conditionally approved financial assistance in the form of a loan not to exceed $1,060,000 to Avalon Communities LLC for the development of a mixed-use project comprised of 106 affordable multi-family units and 15,000 square feet of retail commercial space known as Main Plaza. On June 19, 2001, the Redevelopment Agency and City Council conditionally approved additional financial assistance in an amount not to exceed $750,000 ($300,000 from the City's HOME funds and $450,000 from the Agency's Low and Moderate Income Housing Set-Aside fund) for the project. As a condition of the Agency/City's financial assistance, the developer is to enter into loan agreements with the Agency/City specifying the terms of the financial assistance. The developer must also enter into a regulatory agreement specifying the terms for development and use of the project as an affordable housing development for low and moderate-income households for a period of 55 years. The required loan agreements and affordable housing agreement have been prepared and are presented for Agency/Council consideration. (Community Development Director) Staffrecommendation: The Redevelopment Agency/City Council adopt the resolution. CONSENT CALENDAR (Continued) - Housing Coordinator Arroyo noted the amended resolution on the dais. ACTION: Chair/Mayor Horton moved to approve staff's recommendation and offered the Consent Calendar, heading read, text waived. The motion carded 5-0. ORAL COMMUNICATIONS There were none. 2. OTHER BUS1NESS There were none. 3. DIRECTOR'S REPORTS There were none. 4. CHAIRJMAYOR REPORTS There were none. 5. AGENCY/COUNCIL COMMENTS There were none. CLOSED SESSION 6. CONFERENCE WITH LEGAL COUNSEL REGARDING ANTICIPATED LITIGATION Pursuant to Government Code Section 54956.9(b) One Case This item was not discussed. 7. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION - Pursuant to Government Code Section 54956.9(a) Agency vs. Rados Bros. [Case No. GIC734557-1] This item was not discussed. ADJOURNMENT At 8:15 p.m., Chair/Mayor Horton adjourned the meeting to a Regular Meeting of the Redevelopment Agency on August 21, 2001 at 6:00 p.m., immediately following the City Council meeting in the City Council Chambers. Respectfully submitted, Susan Bigelow, CMC/AAE, City Clerk Page 2 Council/RDA Minutes 08/14/01