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HomeMy WebLinkAboutRDA Reso 2003-1841 e e e RDA RESOLUTION NO. 2003-1841 (CITY COUNCIL RESOLUTION NO. 2003-388) JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY AND CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN OWNER PARTICIPATION AGREEMENT WITH ADA TERRACE, INCORPORATED FOR THE DEVELOPMENT OF A l4-UNIT TOWN HOME PROJECT AT 774 ADA STREET WITHIN THE SOUTHWEST REDEVELOPMENT PROJECT AREA WHEREAS, Terrace Development, Incorporated has presented development plans for the construction of a l4-unit town home project within two triplex and four duplex buildings, and required parking, landscaping and driveways; and WHEREAS, the site is located on a .96-acre parcel on 774 Ada Street, in the Southwest Redevelopment Project Area under the jurisdiction and control of the Redevelopment Agency of the City of Chula Vista, which is shown in the Locator Map attached to the Owner Participation Agreement and incorporated herein by reference; and WHEREAS, Terrace Development, Incorporated is proposing the demolition of an existing 2-bedroom unit on the project site; and WHEREAS, pursuant to Section 33413(a) of the California Health and Safety Code, the demolition of the 2-bedroom unit that currently provides housing for a lower income household, will require the replacement of this residential unit with a comparable unit at an affordable housing cost for lower income households; and WHEREAS, pursuant to Section 33413(b), Agency must ensure that at least 15 percent of all new and substantially rehabilitated dwelling units developed within a project area under the jurisdiction ofthe Agency by private or public entities other than the Agency shall be available at an affordable housing cost to persons or families of low or moderate-income, and that not less than 40 percent of the dwelling units required to be available at an affordable housing cost shall be available at an affordable housing cost to very low income households; and WHEREAS, based on the number of residential units to be created by the project, Agency must ensure the provision of a total of two new residential units at an affordable housing cost to low or moderate-income households, and one unit that will be required to be affordable to a very low-income household; and WHEREAS, to ensure the provision of the one replacement unit and two new affordable units to lower or moderate income households, Agency has entered into a Loan Agreement and Related Restricted Covenants and Affordable Housing Agreement with the property owner of S1. Regis Park, a 118 dwelling unit development located at 1025 Broadway in the City of Chula Vista; and WHEREAS, Agency made a loan to S1. Regis Park on the condition that the property owner agree to develop and operate the property in accordance with the requirements of the Agency Loan Agreement and Housing Agreement, restricting occupancy of 58 apartment units to very low and lower-income households, and 60 apartment units to moderate income households; and RDA Resolution No. 2003-1841 Page 2 WHEREAS, the execution of the Loan Agreement along with Affordable Housing --.. Agreement for the development and operation of St. Regis Park satisfies the replacement and affordable housing obligations of Ada Terrace, Incorporated pursuant to Sections 33413(a) and 33413(b) of the California Health and Safety Code; and WHEREAS, pursuant to compliance with the California Environmental Quality Act, the Environmental Review Coordinator has reviewed the proposed project for compliance with the California Environmental Quality Act (CEQA), and has determined that the project qualifies for a categorical exemption pursuant to Section 15332, Class 32 [exemption for infill developments]; thus, no further environmental review is necessary; and WHEREAS, on June 2, 2003, the City Design Review Committee approved the design of the project subject to the conditions set forth in Exhibit B of the Owner Participation Agreement for this project; and WHEREAS, on June 25, 2003, the City Planning Commission recommended approval of the project subject to the conditions set forth in Exhibit B of the Owner Participation Agreement for this project; and WHEREAS, the City Design Review Committee and the City Planning Commission determined that the l4-unit town home project was characterized by "outstanding planning or urban design" principles. NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby find, order, determine and resolve as follows: .-.... I. The project is consistent with the City of Chula Vista General Plan, and the Southwest Redevelopment Plan and Implementation Plan. 2. The execution of the Loan Agreement along with Affordable Housing Agreement for the development and operation of St. Regis Park at 1025 Broadway in the City of Chula Vista satisfies the replacement and affordable housing obligations of Ada Terrace, Incorporated pursuant to Sections 33413(a) and 33413(b) of the California Health and Safety Code. 3. The project will be beneficial for the City of Chula Vista, because it will redevelop an underutilized parcel to a higher and better use, assist in the elimination of blight, and provide market rate housing to this area of the City. 4. The Redevelopment Agency of the City of Chula Vista hereby approves an Owner Participation Agreement with Ada Terrace Incorporated to construct a 14-unit town home project within two triplex and four duplex buildings, and required parking, landscaping and driveways in the Southwest Redevelopment Project Area, as depicted in Exhibit A and subject to the conditions set forth in Exhibit B that was granted for this project; and 5. The Chairman of the Redevelopment Agency is hereby authorized to execute the subject Owner Participation Agreement between the Redevelopment Agency and Ada Terrace, Incorporated. ~ e e e RDA Resolution No. 2003-1841 Page 3 6. The Secretary of the Redevelopment Agency is authorized to record said Owner Participation Agreement in the Office ofthe County Recorder of San Diego, California. Presented by Approved as to form by ~t'.'Cc~~~~~ Ann Moore Agency Counsel PASSED, APPROVED, and ADOPTED by the City Council and Redevelopment Agency of the City of Chula Vista, California, this 261h day of August 2003, by the following vote: AYES: Agency/Councilmembers: Davis, McCann, Rindone, Salas, and Padilla NAYES: Agency/Councilmembers: None ABSENT: Agency/Councilmembers: None ~ Stephen C. Padilla, Chairman ATTEST: STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) 1, Laurie A. Madigan, Secretary of the Chula Vista Redevelopment Agency, do hereby certify that the foregoing Redevelopment Agency Resolution No. 2003-18411Council Resolution No. 2003-388 was duly passed, approved, and adopted by the Redevelopment Agency and City Council at a regular meeting held on the 261h day of August 2003. Executed this 261h day of August 2003.