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HomeMy WebLinkAbout2007/07/17 Item 13 CITY COUNCIL AGENDA STATEMENT ~~f:. CITY OF ~ ~ ~~ (HULA V1SfA Item No:~ Meeting Date: 7/17/07 ITEM TITLE: PUBLIC HEARING: Consideration of application PCS 05-06; for the proposed conversion of the existing 124-unit 307 Orange Avenue apartment complex to 124 condominium units for individual ownership - WGA Orange Avenue, P.P. RESOLUTION: of the City Council of the City of Chula Vista approving and establishing conditions of a Tentative Subdivision Map to divide interest in 3.48 acres at 307 Orange Avenue for a One- Lot Condominium containing 124 residential units, approving concessions pursuant to the density bonus law for the reduction in certain development standards. SUBMITTED BY: RESOLUTION: of the City Council of the City of Chula Vista approving the affordable housing agreement between the City and WGA Orange, L.P., establishing conditions of 41 affordable units for moderate income households at 307 Orange Avenue and authorizing the City Manager to execute the agreement. ""~,~ ,fP1="" =I B,ddj" f'" City Manager ~ M k/ Acting ASSist~~6Manager 'S--J" REVIEWED BY: 4/5THS VOTE: YES NO_X_ This is a request to convert a 124-unit apartment complex into 124 condominium units for individual ownership. Pursuant to Government Code Section 65915.5, the applicant will enter into an affordable housing agreement with the City to provide 33 percent (41 units) of the total number 13-1 Date, Item No.: tJ Meeting Date: 7/17/07 Page 2 of 13 of units to persons and families of moderate income. In exchange for providing these 41 affordable units, the applicant is requesting concessions from certain multi-family development standards including reductions in on-site parking and open space. ENVIRONMENTAL REVIEW Environmental Status: 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 Class I (existing facilities) categorical exemption pursuant to Section 15301 of the State CEQA Guidelines. Thus, no further environmental review is necessary. RECOMMENDATION Approve Tentative Subdivision Map Tract 05-06 in accordance with the findings and subject to the conditions contained therein. BOARDS/COMMISSION RECOMMENDATION On April 17, 2006, the Design Review Committee approved the project (4-0-0-1) (Magallon absent) subject to approval ofthe Tentative Map. On February 14, 2007, the Planning Commission considered the Tentative Subdivision Map to allow 124 apartments to be converted to condominiums. The Commission discussed the various provisions of providing affordable housing and the homebuyer/relocation assistance program being provided by the applicant. As a result of this discussion, the applicant agreed to increase the amount of such provisions, including: increasing the timeframe for providing a $500 relocation assistance expense from five days to ten days in advance of tenants moving out and extending this $500 stipend to include buyers of the units as well. In addition, the tenants security deposit is to be returned thirty days prior to vacate date. The Commission also discussed the pros and cons of a proposed condition requiring the developer/owner to install a sewer manhole at the point of connection to the City sewer main drain for a particular sewer lateral. The Commission then voted to keep this condition as presented in the draft City Council Resolution (see Condition A30) and voted (6-1) to recommend that the City Council approve the project. Commissioner Spethman voted against the motion. DISCUSSION This is a request to convert apartments into condominium units. The City worked extensively with the applicant in preparation for their application to convert. The project does not meet the development standards required for a conversion. Therefore, the applicant has applied for development standard concessions under State Density Bonus Law. (SDBL) in exchange for providing moderate income affordable units. Pursuant to Government Code Section 65915.5 (SDBL), the applicant must provide 33 percent (41 units) of the total number of units to persons and families of moderate income. City staff has been working with the applicant to negotiate 13-2 Date, Item No.: \'7 Meeting Date: 7/17/07 Page 3 of 13 terms of an affordable housing agreement. Both the applicant and City staff are ready to propose the agreement at this time as well. The affordable requirements are addressed more fully later in this report. Proiect Site Characteristics The site is a trapezoidal shaped, level, 3A8-acre lot with an existing apartment complex located at 307 Orange Avenue. The existing uses adjacent to the site are listed in the following table: Table I: Zoning and Land Use General Plan Zoning Existing Land Use Site Residential High R-3-P Apartment Complex Apartment Residential North Single-family, R-l Existing Single detached Single family Family Homes residence East Retail Commercial CC Gasoline service Central Commercial station (BestMart Gas & Mini Mart) South Open Space Mobile Home Park Storm Water Drainage Channel West Civic Uses R-2-P Vacant land adjacent to South Chula Vista Library parking Vacant / SDG&E Public Utilities S-94 utility corridor Proiect Description The complex consists of 96 two-bedroom units and 28 one-bedroom units in a total of seven buildings. The I-BRll bath units are 540 SF in size, while 2-BR/I bath units are 760 SF, and 2- BR/2 bath units are 785 SF. The buildings types and number of units each type contains are summarized in the following table: 13-3 Date, Item No.: \:3 Meeting Date: 7/17/07 Page 4 of 13 Table 2: Building Types and Units Building Type No. of Stories No. of No. of Total No. Buildings Units/Bldg of Units A 2-story 2 24 2-BR 48 B I-story 2 42-BR 8 C 2-story 2 20 2-BR 40 D 2-story I 28 I-BR 28 Total 124 Although no significant exterior structural changes are proposed to the existing proj ect, the applicant proposes to upgrade both the interior and exterior of the units, add community amenities, and refresh the landscaping. Exterior improvements include new paint and additional architectural detailing on the buildings, roof replacement, installing a tot lot and play structure, repairing and replacing all driveways and walkways where needed, adding carports, and refreshing and supplementing the landscaping where needed. Interior upgrades include new carpeting and bathroom tiling; replacement of bathroom cabinets and refmishing tub/shower enclosures; new texture and paint on all walls and ceilings; washer/dryer in each unit; and all air conditioning units, lighting fixtures, and electric appliances to be replaced. (Attachment 4 is a complete list of the Applicant's proposed interior and exterior improvements.) Storage space for 124 units is proposed in storage cupboards inside new carports. The units are already served by separate electric meters, while gas, water, and sewer will be the responsibility of the Homeowners Association. The Applicant proposes to set aside 41 on-site dwelling units that would be restricted for 30 years to moderate income affordable tenants (see affordable Housing Provision Section below). The project is an existing legal non-conforming apartment complex originally approved and developed under County regulations. As a result, there are some issues regarding deficiencies in the amount of parking and open space, width of drive aisles, ratio of compact to regular parking spaces, and one setback along the front property line. Affordable Housing Allowances for Deviations from Development Standards Pursuant to Government Code Section 65915.5 (Attachment 8), the Applicant proposes to provide 41 units of on-site affordable housing for moderate income persons and families in exchange for concessions from City standards on the parking area, open space, and the front building setback. The requested deviations are more specifically described in the following table: 13-4 Date, Item No.: \? Meeting Date: 7/17/07 Page 5 of 13 a e : e ueste eVlatlons Item Code Requirement Proposed Requested Deviation Parking Spaces 234 Total spaces 192 Total spaces Deficiency of 42 parking spaces Percent of Compact 10% (19 spaces out 71 % (136 spaces out Increase of 600% Spaces of the 192 spaces) of the 192 spaces) Width of 24 ft. 24 ft., 20-ft., 22ft. Deficiency of 4 ft in the rear Drive Aisles (south), 2 ft. on the side (east). Open Space 49,600 sq. ft. 42,713 sq. ft. Deficiency of 6,887 sq. ft. Front Building 15 ft. 8.8 ft. Deficiency of 6.2 ft. Setback Storage Space 200 cu. ft. 183 cu. ft. Deficiency of 17 2- BR unit (For 56 out of the total cu. ft. in 56 units 124 units) T bl 3 R d D The project also has a deficiency of 17 cubic feet of storage space for 56 of the units. Per CYMC section 15.56.070, in considering tentative maps for condominium development and evaluating the manner in which storage space is provided, the Planning Commission may recommend and the City Council may approve departures from the stated standards after review of each proposal. Table 4: Project Data REQUIRED PROVIDED Parking: 234 Spaces total 63 Open stalls 1.5 spaces / I-BR unit 124 Covered stalls (carports) 2.0 spaces / 2-BR or more unit 5 Handicapped spaces 192 Total Spaces (deficiency of 42 parking spaces) Lot Coverage: 50 % 41 % (includes carports) Setbacks: Front: IS ft. 8.8 ft. (Deficiency of 6.2 ft.) Exterior Side Yard: lOft. Not applicable One Interior Side Yard: 5 ft. Not applicable Both Interior Side Yards: 10 ft. 37 ft. Rear: IS ft. 50 ft. Storage: ISO cu. ft. / I-BR unit 176 cu. ft. / 1- BR unit 200 cu. ft. / 2- BR unit For 40 units, 247 cu. ft. / 2- BR unit For 56 units, 183 cu. ft. / 2- BR unit (deficiency of 17 cu. ft. on 56 2- BR units) Onen Space Requirement: 49,600 SF 42,713 SF (400 SF per I or 2-BR unit x 124 units) Deficiency; 6,887 SF Building Height: 28 feet or 2.5 stories 23 feet 13-5 Date, Item No.: 1';' Meeting Date: 7/17/07 Page 6 of 13 Analysis: Noticing Documentation Pursuant to Section 66452 of the Subdivision Map Act, condominium conversion projects must satisfy certain noticing requirements. The applicant has completed the tenant noticing required by the State and by the Municipal Code prior to Tentative Map consideration, including "Form A", the "60-Day Notice to All Existing Tenants of Intent to convert"; and "Form B", the "Notice to all Prospective Tenants of Intent to Convert". Table 5 below identifies the noticing requirements and when existing and prospective tenants should receive them. The tenants have been aware of the condominium conversion project proposal since Form A was sent in August of 2003, and will be given notice of having the first option to purchase a unit. Sample notices provided by the Applicant are attached (see Attachment 3, Noticing Documentation). Table 5: Noticing Documentation NOTICE REQUIREMENT HOW LONG & WHEN COMPLIANCE 60-day notice to all existing tenants 60 days prior to filing a Design 60-day notices were sent of intent to convert- "Form A" Review and Tentative Map certified mail to eXlstmg application with the City tenants during August 2003. Notice to all prospective tenants of Prior to acceptance of any rent Applicant has submitted a intent to convert - "Form B" or deposit from the prospective current tenant list with copies tenant of signed forms for all new tenants. lO-day notice to all existing tenants 10 days before or after To be determined! Typically of an application of a Public Report - submittal of the Public Report following Final Map approval "Form e" to the Department of Real Estate 10-day Notice to all existing tenants Within 10 days of approval of To be determined! Typically of Final Map aooroval- "Form D" the Final Map bv the City following Final Map approval Notice to all prospective tenants of Prior to acceptance of any rent To be determined prior to option to purchase/termination of or deposit from the prospective approval of Final Map tenancy-"FonnE" tenant 90-day Notice to all existing tenants For a period of 90 days after To be determined prior to of option to purchase/termination of issuance of the Public Report approval of Final Map tenancy - "Form F" from the Department of Real Estate 180-day notice to all existing tenants 180 days prior to termination of To be determined prior to of intent to convert/termination of tenancy approval of Final Map tenancy - "Form 0" Property Condition Assessment Report Because the apartment complex is more than five years old, the Applicant has prepared a "Property Condition Assessment Report", which states that the property appears adequately maintained and is in overall good condition, with some defects noted. Items recommended for immediate repairs 13-6 Date, Item No.: 13 Meeting Date: 7/17/07 Page 7 of 13 included cracking of the entry drive pavement and adjustments to the irrigation system's spray pattern. Recommended short term and intermediate term iterns, due to aging, included replacement of the roof, air conditioning units, hot water heaters, and kitchen appliances. The report concluded with the opinion that subject to a continued program of sustained preventative maintenance, the remaining economic life of the property should exceed 35 years. The report's recommendations that would upgrade the property and units (see Attachment 5, "Property Condition Assessment Report - Executive Summary") have been incorporated into the Tentative Map conditions of approval. Table 6 below lists the existing services utilities within the project and what is proposed under the Tentative Map. Individual meters - central wiring system. Water Common Sewer Common *Cable Individual unit. *Tel hone Individual unit. "Not covered in the ROA The maintenance and montWy payment of the utilities will be addressed in the project's CC&Rs. The project is conditioned to meet current Fire Code requirements, including one-hour frrewalls, smoke detectors and flIe extinguisheIs, and be inspected and approved by the Fire Department. Gutters and downspouts must be provided on all buildings to prevent water stains and mildew on exterior walls. Table 6: Utilities UTILITY Air conditionin Heatin Water heaters EXISTING CONDITION Individual electrical- owered units. Individual electrical- owered units. Individual gas water heaters for each building (7 total) and centralized solar heater (non- o erational. Gas meter for each building (7 total) Gas Electric meter HomebuverlRelocation Assistance: PROPOSED CONDITION R lace with new in each unit. R lace with new in each unit. Replace gas water heaters for each building (7 total); remove non-operational solar heater s stem. Condition of meters should be evaluated by the corresponding gas company serving the com lex. No change proposed. No chan e No chan e No chan e No change A meeting/workshop will be organized by the Applicant, to be held within a week after approval of the Tentative Map by City Council, to include all current tenants; representatives from the property management company and developer; a mortgage broker; and a representative from the City ofChula Vista. The developer will offer to any interested tenant a $5,000 discount on their unit as an incentive to 13-7 Date, Item No.: I) Meeting Date: 7/17/07 Page 8 of 13 purchase. The discount will be offered only for those tenants who purchase a unit at the 307 Orange Avenue project (See Attachment 6, Homebuyer and Relocation Assistance letter). A mortgage broker will be present to help those who wish to purchase their unit. The broker will hold a workshop on how tenants can pre-qualify for a mortgage and become homeowners. The applicant will assist with the relocation of those tenants who prefer not to purchase their units. Relocation expense assistance of $500 will be paid to the tenants ten days in advance of their moving out, and relocation information and assistance to help secure other rental housing will be provided by the Project's property management company. Recent condominium conversions have shown that issues can arise regarding the particulars of tenant relocation assistance. Staff believes that for this project, all the basic components are in place; however, further details may be needed. Staff has included a condition of approval requiring that the applicant work with Staff on these further details and also provide evidence that the requirements of the Applicant's homebuyer and tenant relocation assistance program (see Attachment 3) has been satisfied prior to approval of the final map. At the Planning Commission meeting of February I 4, 2007, the Planning Commission negotiated with the applicant to extend the amount of homebuyer/relocation assistance provided. Relocation expense assistance is now to be provided 10 days in advance of moving out and the tenants security deposit is to be returned 30 days prior to vacate date. The $500 stipend is now to be provided to buyers as well. Condition # B8 of the draft City Council Resolution has been modified to reflect the additional assistance being required by the applicant, as agreed to at the February 14, 2007 Planning Commission meeting. Affordable Housing Provision Pursuant to Government Code 65915.5 (see Attachment 8), when an applicant for approval to convert apartments to a condominium project agrees to provide at least 33 percent of the total units to persons and families of moderate income, the City shall either grant the project a density bonus or provide other incentives of equivalent fmancial value. These incentives do not require monetary compensation but may include the reduction or waiver of requirements that the City might otherwise apply as conditions of conversion approval. In exchange for providing 41 units restricted for 30 years to moderate income affordable tenants, the subject application's "other incentives" are reductions in City requirements for (1) the parking area with its substandard drive aisle widths, ratio of compact to regular parking spaces, and shortfall of 42 required parking spaces; (2) deficiency of 6,887 square feet of open space; and (3) a front yard setback of 8.8 feet instead of 15 feet for one building on the property; (4) deficiency of 17 cu. ft. of storage space for each 56 2-bed units. The proposed project is conditioned to provide the stated affordable housing units in exchange for the concessions on City requirements and also conditioned on the City and the Developer entering into an approved Affordable Housing Agreement. The Affordable Housing Agreement is included as Attachment 8 for review at this time. The agreement dictates the maximum sales prices and qualifying income levels for the affordable units. The process for moderate income buyers will be similar 13-8 Date, Item No.: 13 Meeting Date: 7/17/07 Page 9 of 13 to other affordable for-sale projects within the City, and will be subject to the City Affordable For-Sale Policy. Municipal Code Requirements: A condominium conversion project must satisfy certain City requirements including current zoning, which is R-3-P, the Chula Vista Design Manual, and the Chula Vista Municipal Code (CVMe) requirements, which include off-street parking, open space, and condominium conversion regulations per City ordinance. The following sections discuss how the project complies with these requirements. Open Space -- Common Open Space: CYMC Section 19.28.090 requires 400 square feet of common usable open space per I-bedroom or 2-bedroom unit; therefore, the project must provide a minimum of 49,600 square feet of open space. The minimum dimension for any area to be considered as open space is six feet, with a minimum area of 60 square feet. As seen on the Site Plan (Attachment 2), the project provides 42,713 SF of open space, which is a deficiency of 6,887 SF. Private open space totaling 1,190 SF is proposed by the applicant, consisting of an existing 42.5 square foot balcony for 28 of the units located upstairs. These balconies do not meet the minimum size standards of the Zoning Ordinance (60 SF for area, 6 feet for dimension) and therefore are not eligible for inclusion in the open space total. No other private open space is provided for the remaining 96 units. As shown in Table 7 below, open space amenities include 37,475 SF of turf and landscaped areas, a 2,238 SF tot lot, a 2,400 SF concrete deck area with a swimming pool (18' x 35'), a 300 SF gym room, and a 300 SF club house/recreation room. The gym room is being converted from an existing rental office, while the club house/recreation room is being converted from an existing laundry room. Staff has concerns how these two separate buildings, with dimensions of 10' by 30', will accommodate the intended recreation facilities. The Applicant has not provided further information regarding the internal layout for these recreation facilities. Table 7: Proiect Onen Snace REQUIREMENT PROPOSED 49,600 SF 42,713 SF* 400 SF/unit x 124 units Common onen space = 46,326 SF 37,475 SF turf and landscaping 2,238 SF tot lot 2,400 SF pool and concrete deck 300 SF gym room 300 SF club house/recreation room Deficiencv = 6,887 SF Private open space = 1,190 SF** * Does not include private open space of 1,190 SF. ** Does not meet city requirement for minimum area and dimensions so is not included in total. 13-9 Date, Item No.: 13 Meeting Date: 7/17/07 Page 10 of 13 Pursuant to Govemment Code Section 65915.5, the Applicant is requesting a concession from City standards for the deficiency in the Open Space requirement, as there is no underutilized ground space on the subject parcel for additional open space. Staff supports allowing the requested deviations in partial exchange for the guarantee of 41 units of onsite housing affordable to moderate income tenants. Conversion of Dwelling Units to Independent Ownership (CVMC Chapter 15.56): Pursuant to Chapter 15.56, Conversion of Dwelling Units to Independent Ownership, apartments converted to condominiums for sale must address the following issues: parking, adequate storage for each unit, common useable open space areas, and must satisfy fire and Uniform Building Code standards before occupancy. Per CYMC 15.56.070, in considering tentative maps for condominium development and evaluating the manner in which storage space is provided as required by CYMC 15.56.020(C), the Planning Commission may recommend that the City Council approve departures from the stated standards after review of each proposal. Departures shall be based on the merits of the individual project when good cause can be shown. The merits of this project are its provision of 41 units of onsite affordable housing for moderate income persons or families. A. Fire Protection: Four on-site fire hydrants are located on the site, at each of the four comers adjacent to the parking lot and buildings. The project must provide upgraded fire extinguishers and smoke alarms. The project is also conditioned to comply with current fire protection requirements. B. Uniform Building Code: The Building Department has reviewed the "Property Condition Assessment Report" prepared by the JCEP/Huang Consulting Engineers, Inc. and the Supplemental Report by Land America Commercial Services and found that the Project will satisfy the Building Code requirements if the recommended improvements are constructed or put in place. These requirements are generally described in the Property Condition Assessment Report Executive Sununary (Attachment 5), and implementing conditions of approval specified in the attached City Council Resolution. C. Storage: Section 15.56.020 requires adequate storage area for each unit. One-bedroom units require 150 cu. ft. of storage, while two-bedroom units require 200 cu. ft. As seen in the sununary table below, the storage provided for the project's 28 one-bedroom units is 176 cu. ft., which is an excess of 26 cu. ft. Each unit will have a 144 cu. ft. storage cupboard within a carport in the parking lot, and 32 cu. ft. of storage within the dwelling unit. The storage provided for the project's 96 two-bedroom units varies. Forty of the units (2 BR/2 bath) provide 247 cu. ft. of storage, which is an excess of 47 cu. ft. Each 2 BR/2 bath unit has a 144 cu. ft. storage cupboard within a carport in the parking lot, and 103 cu. ft. of storage within the dwelling unit. The project's 56 2-BR/1bath units provide only 183 cu. ft. of storage, which is a deficiency 13-10 Date, Item No.: \ 3 Meeting Date: 7/17/07 Page 11 of 13 of 17 cu. ft. Each 2-BR/l bath unit has a 144 cu. ft. storage cupboard within a carport in the parking lot, and 39 cu. ft. of storage within the dwelling unit. No. of No. Storage Storage Total Total Overage I bedrooms of within in carport storage required deficiency units unit per unit per unit per unit per unit 1 28 32 c.f. 144 c.f. 176 c.f. 150 d. + 26 c.f. 2 wI 1 bath 56 39 d. 144 d. 183 d. 200 c.f. - 17 c.f. 2w/2bath 40 103 c.f. 144 c.f. 247 c.f. 200 c.f. + 47 c.f. Total 124 Table 8: Storage Summary Table Per CYMC section 15.56.070, in considering tentative maps for condominium development and evaluating the manner in which storage space is provided, the Planning Commission may recommend and the City Council may approve departures from the stated standards after review of each proposal. Departures shall be based on the merits of the individual project when good cause can be shown. In this case, the Planning Commission recommended such a departure. D. Housing Code: The Project is required to conform to Uniform Housing Code requirements in existence at the time of the approval of the Subdivision Map. The project has completed a housing inspection and is required by condition of approval to correct any deficiencies prior to Final Map approval. E. Protective Lighting Standards: Lighting information has been conditioned to be submitted as part of the building permit application. F. Off-street parking: CYMC 19.62.050 Regulations require 1.5 parking spaces for each 1- bedroom unit and 2 parking spaces for each two-bedroom or larger sized unit. The project requires 234 off-street parking spaces - 42 spaces for the 28 ene-bedroom and 192 parking spaces and 96 two-bedroom units - but is deficient by 42 spaces. The Project provides 192 parking spaces for residents' use, including 51 standard-sized parking spaces, 136 compact spaces, and 5 handicapped spaces. 124 of the total 192 parking spaces will be covered carports, as indicated on the Carport Plan (Attachment 2). There is on-street parallel parking on Orange Avenue adjacent to the project; field observation by staff indicates these spaces are fully utilized in the evening hours, although the ownership percentage of these cars by residents of307 Orange Avenue is not known. Per CYMC 19.62.050 (13), for every 10 parking spaces required, one of this total may be a "compact' space," i.e., 10% of the parking may be provided by compact parking spaces. The proposed project includes 136 compact parking spaces, which represents 71 % of the parking spaces provided, and 58% of the required parking. The parking drive aisles range from 20 to 24 feet wide, which are more narrow than the City's requirement of 24 feet. The western entry driveway and drive aisle is 24 feet wide. Half the length of the western drive aisle serves single-loaded standard parking stalls, while the remaining length is 13-11 Date, Item No.: l;j Meeting Date: 7/17/07 Page 12 of 13 double-loaded. The eastern entry driveway is 24 feet wide, with a 22 feet wide drive aisle serving single-loaded compact parking stalls. The remaining parking areas have drive aisles of22 feet or greater, except for a parking bay of 16 stalls with a drive aisle of 19 feet. (See Attachment 2 Site Plan for the marked dimensions.) Handicapped parking stall dimensions are in conformance with ADA requirements. Pursuant to Government Code Section 65915.5, the applicant is requesting relief from the deficiency in the number of required parking spaces, the non-conforming drive aisle widths, and the ratio of compact to regular parking spaces, as there is no available space on site for additional parking. G. Design Guidelines: The applicant submitted a Design Review application DRC-05-05 for the project's design. A public noticed Design Review Committee hearing was held on April I?, 2006, where DRC-05-05 was approved 4-0-1, subject to approval of the Tentative Map and the Affordable Housing Agreement. Conditions in the Notice of Decision are incorporated by reference into the Tentative Map conditions. H. Separate Service Meters: Each unit has individual electric meters. A Homeowners Association will be responsible for the gas, water, and sewer service utility meters. The Applicant shall provide CC&Rs prior to final map approval showing how this will be satisfied. I. Housing Compliance Survey: The Applicant has completed a Housing Code compliance survey and a condition of approval is included requiring the applicant to correct any violations prior to Final Map approval. J. The applicant submitted a "Property Condition Assessment Report" and supplemental report for review by the City's Building Official. The report concludes that the existing apartment complex is in good condition, structurally and cosmetically. However, the assessment identifies inunediate repairs and short-term intermediate repairs. Staff has included the report recommendations as conditions of approval in the draft City Council Resolution. K. CC&Rs: The Project is conditioned to provide evidence of declarations of covenants, conditions and restrictions in conjunction with approval of the Final Map. CONCLUSION: Based on the above, staff recommends the City Council approve Tentative Subdivision Map, Chula Vista Tract 05-06 and the associated Affordable Housing Agreement based on the findings and subj ect to the conditions contained in the attached draft City Council Resolutions. 13-12 Date, Item No.: J;, Meeting Date: 7/17/07 Page 13 of 13 DECISION-MAKER CONFLICTS: Conflict: Staff has reviewed the property holdings of the City Council and has found a conflict, in that Council member Rudy Ramirez has property holdings within 500 feet of the boundary of the property which is the subject of this action. FISCAL IMPACT The applicant has paid all costs associated with the processing of the proposed tentative subdivision and will be responsible for paying corresponding Development Impact Fees and other applicable development fees, as they may be amended from time to time. ATTACHMENTS 1. Planning Conunission Resolution and Minutes for February 14, 2007 2. Figures 3. Noticing Documentation 4. List of Improvements, Repairs and Upgrades 5. Property Condition and Assessment Report 6. Homebuyer and Renter Assistance Program 7. Affordable Housing Agreement 8. Government Code Section 65915.5 9. Disclosure Statement Prepared by: Jeff Steichen, Associate Planner 13-13 ., LOCATOR MAP - D 6' c =>. ::r ;go =::} a ;go co DO ~ ~.... DO ~~ DO 0 DO 0 DO ~ EBO o . 13-14 ATTACHlVlENT A r:1JJ]] rrrr . tJ , . RESOLUTION NO. PCS-05-06 RESOLUTION OF THE CITY OF CHULA VISTA PLANNING COMMISSION RECOMMENDING THAT TIm CITY COUNCIL APPROVE A TENTATIVE MAP TO DIVIDE INTEREST IN 3.48 ACRES AT 307 ORANGE AVENUE FOR A ONE- LOT CONDOMINIUM CONTAINING 124 RESIDENTIAL UNITS - PREMIER COASTAL DEVELOPMENT. WHEREAS, on August 12, 2004, a duly verified application was :filed with the City ofChula . Vista Planning and Building Department by Westone Management and subsequently superceded by Premier Coastal Development ("Applicanf'), requesting approval of a Tentative Subdivision Map to convert 124 apartment units into individually owned condominiums (''Projecf'); and, WHEREAS, the area ofland which is the subject matter of this Resolution herein consists of a 3.48-acre lot located 307 Orange Avenue (''Project Site''); and, WHEREAS, the Environmental Review Coordinator has reviewed the proposed project for compliance with the California Environmental Quality Act (CEQA) and has determined that the proposed proj ect qualifies for a Class 1, (Existing Facilities) categorical exemption pursuant to Section 15301 of the State CEQA Guidelines. Thu, no further environmental review or documentation is necessary; and, WHEREAS, the Planning and Building Director set the time and place for a hearing on the Project, and notice of said hearing, together with its purpose, was given by its publication in a newspaper of general circulation in the city and its mailing to property owners within 500 feet of the exterior boundaries of the property, at least 10 days prior to the hearing; and, WHEREAS, the hearing was held at the time and place as advertised, namely 6:00 p.m., February 14, 2007, in the Council Chambers in the City Hall, Chula Vista Civic Center, 276 Fourth. Avenue, before the Planning Commission, and said hearing was thereafter closed; and, WHEREAS, the Planning Commission having received certain evidence on February 14, 2007, as set forth in the record of its proceedings herein by reference as is set forth in full, made certain findings, as set forth in theirreco=ending Resolution PCS-05-06 herein, and reco=ended that the City Council approve the Project based on certain t=s and conditions; and, NOW, THEREFORE, BE IT RESOLVED THAT THE PLA.NNJ)\[G COMMISSION reco=ends that the City Council adopt the attached Draft City Council Resolution approving the Project in accordance with the findings and subject to the conditions contained therein. BE IT FURTHER RESOLVED THAT the Planning Commission reco=ends the City Council grant the density bonus pursuant to Gove=ent Code 65915.5 and the associated incentives ' and agree~ent. . . ATTACHMENT 1 13-15 BE IT FURTHER RES OL VED TIIAT the Planning Commission reco=ends that the City Council allow the deficiency of storage spac.e pursuant to Chula Vista Municipal Code Section 15.56.020. BE IT FURTHER RESOLVED TIIAT a copy of this resolution be transmitted to the City Council. PASSED AND APPROVED BY TIIE PLANNING CO:M:MISSION OF THE CITY OF CHULA' VISTA, CALIFORNIA, this 14th day of February, 2007, by the following vote, to-wit: AYES: NOES: ABSENT: Chairperson ATTEST: Diana Vargas; Secretary . . 13-16 MINUTES OF THE PLANNING COMMISSION OF THE CITY OF CHULA VISTA 6:00 p.m. February 14, 2007 Council Chambers 276 Fourth Avenue Chula Vista, CA CALL TO ORDER: 6:08:31 PM ROLL CALL I MOTIONS TO EXCUSE: Members Present: Felber, Vinson, Moctezuma, Bensoussan, Tripp, Clayton, Spethman Staff Members Present: Jim Hare, Assistant Planning Director Luis Hernandez, Development Planning Mgr. Danielle Putnam, RBF Mandy Mills, Housing Manager Elisa Cusato, Deputy City Attorney III APPROVAL OF MINUTES: January 24, 2007 MSC (Vinson/Bensoussan) (6-0-0-1) that the Planning Commission adopt the minutes of January 24, 2007 as submitted. Motion carried with Cmr. Moctezuma abstaining. ORAL COMMUNICATION: No public input. 1. PUBLIC HEARING: PCS 05-06; Consideration of a proposal to convert an existing 124-unit apartment complex located at 307 Orange Avenue to 124 condominium units for individual ownership. Applicant: Premier Coastal Development. Background: Danielle Putnam gave an overview of the project as described in the staff report, indicating that on August 12, 2004, Weston Management filed an application for a Tentative Subdivision Map to convert a 124-unit apartment complex to condominiums for private ownership. In December 2004 the current applicant (Premier Coastal Development) took over processing of the project and began a series of meetings with City staff to address issues and deficiencies, project improvements and revisions. To qualify for incentives under density bonus law, the applicant proposed the project include 41 housing units affordable to moderate- income persons and families; therefore, an affordable housing agreement between the City and the applicant was prepared. 13-17 Planning Commission Minutes -2- February 14, 2007 Staff Recommendation: That the Planning Commission adopt resolution recommending that the City Council approve the proposed Tentative Map in accordance with the findings and subject to the conditions contained therein. Commission Comments: 6:37:44 PM Cmr. Vinson inquired who qualifies and monitors the household incomes to ensure there is compliance with affordable housing requirements. Mandy Mills, Housing Manager, responded that she monitors and verifies all of the applicant's income documentation. Additionally, a Silent Second trust deed is recorded. Cmr. Benoussan offered the following comments: . It makes more sense to give a $5,000 credit instead of discounting the unit price by $5,000. . Noted that the solar panels will not be replaced with new ones and stated that perhaps some type of incentive could be offered by the City to encourage the applicant to install green technology. . Recommends that no mature vegetation Le. the eucalyptus trees be removed Ms. Mills responded that the discount helps with the property taxes because they're calculated based on the property value. Cmr. Spethman stated that this project will attract first-time homebuyers; young couples with children, and noted that the project proposes a tot-lot for 3 to 5 year olds, and inquired if there is any open-space or other recreation space proposed for older kids. Chris Duggins, applicant, responded that the project was designed to provide as much open space as possible. Additionally, the pool and recreation center has a game room that offers older children additional recreation. Cmr. Felber asked how much time does the applicant have before a Final Map is approved. Ms. Putnam responded they have two years before Final Map approval. Cmr. Felber asked if the applicant would be willing to move up to 10 days (instead of 5) the $500 relocation assistance to those tenants who choose not to purchase their units. Chris Duggins responded that they would be willing to move it up to ten days. Cmr. Bensoussan inquired if the tenants who wish to purchase their unit would have any type of relocation assistance while they are waiting for the upgrades to be done on their unit. Mr. Duggins stated that they would be willing to add $500 to the discount credit of $5,000. 13-18 Planning Commission Minutes -3- February 14, 2007 Cmr. Spethman asked if it was within the purview of the Planning Commission to request of a developer or an applicant certain standards for financial incentives on a project. Mr. Hare responded that to the extent that an applicant is agreeable to them, they can be memorialized as Conditions of Approval, however, if the applicant was not willing to make those concessions, the Commission would have a limited capability require them. In this particular application, the Commission is charged with making the necessary findings to recommend approval of the Tentative Subdivision Map for a proposed condominium conversion project. Public Hearing Opened. Chris Duggins, applicant, stated that there is a significant difference of opinion between the City and the applicant with conditions of approval #32. under Section IX relating to Sewer. The City is requesting that the developer install a sewer manhole at the point of connection to the City sewer main and that the sewer laterals be privately maintained from each condominium building to the City-maintained public sewer main on Orange Avenue. Historically, the clogged sewer lateral problems were caused by improper sewage disposal (paper towels and grease) going down the property's sewer system, requiring the City to come out and clean them. For this reason, the City Engineer placed the condition that the developer should install a manhole at the point of connection to the City sewer main to enable easier access to clean out. The applicant is proposing that the Homeowners Association have regularly scheduled maintenance and clean-out of the sewer laterals, and that the HOA provide on-going education and awareness to the homeowners relating to proper sewage disposal. Sylvester Evetovich, Principal Civil Engineer affirmed that they've had discussions with the applicant regarding the removal of this condition. Upon conferring with the Public Works Department, they are in agreement with what the applicant is proposing and agree that the manhole is not necessary so long as the laterals are maintained and clean-out periodically. They are still crafting appropriate language that needs to be reviewed and approved by the City Attorneys Office and the Planning Department. Cmr. Tripp stated that having served on the GMOC, one of the ongoing discussions is the need for infrastructure improvements in Western Chula Vista, therefore, he is a bit perplexed at the position the City is taking in recommending that the HONresidents put a manhole and maintain their own sewers. Cmr. Vinson concurred with Cmr. Tripp's concerns and stated that sewage problems is a public health issue and is not something that should be relegated to be resolved by private citizens or HOA's. Mr. Evetovich stated that the sewage system for this complex has and will continue to be privately maintained. The problem is that whenever there have been sewer problems, the City crews has to go on site to access the clean-outs within the 13-19 Planning Commission Minutes -4- February 14, 2007 buildings where the clog exists. The manhole would allow the City to clean the sewer system from the street instead of coming onto the complex. Mr. Duggins further clarified that part of the problem has been that there has been no scheduled maintenance for clean-out of the laterals that hook-up to the City sewer system. What is being proposed is that the HOA be required to contract for scheduled maintenance of these laterals in order to avoid future problems. Cmr. Spethman echoed the concerns raised by the Commissioners and maintains that the upkeep of'a problem-free sewer system cannot be passed on to private citizens. Cmr. Clayton stated that, in her opinion, nothing is free and someone always must pay the piper. The incentives and credits that the applicant has graciously agreed to, as well as the cost for installing the manhole will have a direct impacts on the housing cost and unfortunately the consumer will end up paying for it. Cmr. Clayton asked if the applicant had an idea of how much it would cost to install the manhole. Mr. Duggins stated that they've gotten numbers ranging from $25,000 to $95,000 dollars. Cmr. Felber stated that, in his opinion, any responsible homeowner seeing that part of his HOA dues is going toward paying for sewer lateral maintenance, that should be motivation to ensure that they do their part in not taxing the sewer system with improper sewage disposal. Public Hearing Closed. MSC (TrippNinson) (6-1) that the Planning Commission adopt Resolution PCS 05-06 recommending that the City Council approve the proposed Tentative Map in accordance with the findings and subject to the conditions contained therein: . Upholding Condition IX. 32., which states, "The applicant shall provide a sewer manhole at the point of connection to the City sewer main...". . Adding a new condition that reads, "The applicant will provide the refund of each tenant's security deposit not less than 30 days prior to their relocation and shall provide relocation assistance of $500 paid to tenants not less than ten days in advance oftheir relocation. Motion carried with Cmr. Spethman voting against the motion. Director's Report. Assistant Planning Director Hare discussed the upcoming Planning Commission calendar schedule and indicated that March 21st is tentatively slated for a Special Meeting and February 24th is the DRC tour. 13-20 Planning Commission Minutes .5- February 14, 2007 Commission Comments: Cmr. Clayton stated she finds it very helpful when Mr. Hare explains what is the Commission's scope of responsibility in rendering a decision or recommendation on a project, however, she would recommend that his comments be made sooner, than later, once the Commission is embroiled in a discussion that perhaps is a moot point. Cmr. Bensoussan reported that she attended and was impressed by how informative the GMOC tour was. Additionally, it has come to her knowledge that the Del Webb Luxury Senior Living complex, for which the General Plan designation was amended to accommodate this project, is not going to be built after all. Cmr. 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Q lU- ll! :E- O o It: CI Z .z Q c4 CI -z :; - ..I Q- .z B IU 2: :c 0 ... ti 0 i fIl 0 0 ..l , 13-26 . .t: . z:r en Q U) r-- ..c C.. .. ca: ....(0 iLea 5.11) .. . o~ o. .- E LL.. o o a. -a. .4) r:a o ~ I- . Q :E ~ 0 0 :E a:: 0 0 Q 0 W a:: z III W . X X !( (J . I- III ;: :E o o a:: Q w III CLOSET 13-27 . :E o ~ CI Z so: a oil. CI z. s: ::i . < . 'it: . c:r tn It) co t- c '.c ," .. ~,' 'fa -", a.m ~,,~, ,os -0 &L. ", 0' ... " CD m o ~ J- . :;: o o ll:, ClI Z Z 2i '" c), Z > :J [[J :;: o o ll: Q' W III I- W en o .../ tl :;: 0 , KITCHEN 0 'I- D ll: w Q Ill' D W 0 III .../ tl, 13-28 . b.L.":>' "7L"O (.0"+"0 1-'..1214. .....=.......::-'" -.J-..<..c.I== ..I..L ~ lO~ r'l'l U~HN~~ ~~~N HrHKII'I~NI~ ""'1' . . -, . ~- .r .... -- Notice tv Tenants of Intention to COn\fert to Condominiums Government Codes 66451.3 &. 66452.5 Th<! Own~rs. or the buildings located at 307 Orange Avenue( Chula Vista CalifornIa Intend to file an application wIth the City of Chula VIsta to Convert the apartment rental Units to Condominium units. You will be given notice of each public hearing for which notice IS required pursu,mt to sections $6451.3 and 6645.2.5 of the Government Code. You haile the right to <lppear and the light to be hearq at any such hearing; . Westone M gement Consultants /! r'" / ../, .. . {.. 'I I\!Jthorlzecl nQen! for ilie O. e Prope~ I havs l'aQi!Vet;! this notIce dated Prospec~lve tenants signature september 1st, 2003 0<;, OC.T O'S j:(,/l7;?-~ ~ . . . ATTACHMENT 3 13-29 <- , . September 1, 2003 Prospective Resident Orange Glen Apartments Dear Prospective Resident The Owners of the buildings located at 307 Orange Avenue, Chula Vista California intend to file an application with the City of Chula Vista to convert the Apartmef]t Rental Units to Condominium Units. Yaw wil,l be given notice of each public hearing for which notice is required pursuant to sections 66451.3 and 66452.5 of the' Government Code. You have the right to appear and the right to be heard at any such hearing. ConAm Management orporation, .Agent for Owner Community Direc 0 , ",,,,,,,'edge re.. . ~ ~tifi""'OO Signed: ~~ Print name: 1 'tit, "'iTl- - <</0.1,,5.1. Address: 30'1-- OmV\qe'-A\/e #-1 Signed: Print name: Address: . Date:~ldl/O& Signed: qt t:'\ J-_;r.i~'\.J:rr:rf -bu.o..L~ Print name; ')f-Hl-H'1'l)I1-AlLTC7<: KWrIV Address: 30l-0ro....qt> AvE'. <ff=/ Signed: Print name: Address: . . 13-30 EXTERIOR AND INTERIOR IMPROVEMENTS, REPAIRS, AND UPGRADES FOR CONDOMINIUM CONVERSION AT 307 ORANGE AVENUE PCS-05-06.k\lD DRc-as-os The following requirements have been derived from the project's Physical Element Report and Supplemental, information provided by the Applicant, and Staff reviews of submittal materials. Note that the following may require Design Review or building permit approval: A. Property Condition Assessment Report - Repairs required prior to building occupancy. 1. Previously required repains from the Housing Inspection have been complied with; no repairs are required at this time. B. Physical Elements Report - Immediate Repair or Replacement items, which are improvements required prior to Final Inspection or Occupancy of applicable Condominium Units, whichever occurs first, uniess stated otherwise: 1. Correct alligatoring and cracking on asphalt pavement in the entry driveway gate area. . . 2. Thoroughly examine the irrigation systems and make the necessary repains and adjustmentS to assure the proper spraying of irrigation water. 3. Repair main waste line (sanitary sewer line) located at Building A2 that has a negative flow from the building to the street. 4. Inspect fire alarm paneis and update tags. 5. Install hard wired smoke detectorS in all bedrooms. 6. Install 5/8" drywall (Type X) on all common walls and ceilings along with installation of draft stops above all common walls in the roof attics to be . compliant with a one-hour fire rating. . 7. Repair or replace leaning I damaged fencing along west side of property. Source; Physical Elements Report (August, 2003 by JCEPIHuang Consulting Engineers, Inc.) and the Supplemental Property Condition Assessment (August 10,2005 by LandAmerica.) . C. Improvements or Repairs from Information Provided by the Applicant 1. Removal of non-operational roof-mounted solar panels and solar hot water tanks. 2. Install new roofs on all buildings. 3. Install gutters and downspouts on all buildings. 4. All items listed in attached letter from Applicant dated April 5, 2006. . . ATTACHMENT 4 H:\PDATA\2510131SlAdmin\Task 8 - 307 Orange AJ ~~J5-06)\DRC hearing 4-17-06\4-17 List ImDrovements & Reoairs.doc . April 5, 2006 City of Chula Vista.Planning Department 476 Fourth Ave " ChuIa Vista, CA919l0 Attention: Danielle Putnam, Contract Planner RE: Application DRC-05-05 and PCS-05-06 Tentative Map for Condominium Conversion at 307 Orange Ave Dear Ms. Putnam: Please find below a list of our proposed upgrades that will be made to the subject , property, covering boil). the individual condominium Units and the development's, exterior items. Please note that while we are confident about the scope' and . specification of work, the manufacturer's specifications areprelimimiry and lI;1ay change due to manufacturer/product availability. However, any item changes are anticipated to be for a product of sinillar quality, style, and color. General Interior 1mprovements to All Units: " Replace, all air conditioners' "Fabricate casing around air conditioning units " Add chandelier light i,n nook " Install 1.5' x 4' ceiling mount fluorescent light in kitchen " Add ceiling fans to bedrooms " Replace.fan box in bathrooms " Raise light bars iri bathrooms to 84" in height .. Install dimmer switches light bars " Raise shower heads in bathrooms to 80" in height .. Replace all tub and shower vaives .. Refinish all existing tub and shower enclosures .. Install new shower doors II Add Johnny cabinets . . Replace all medicine cabinets .. Tile all bathroom floors .. Install Melamine shelves (with chrome pole and cleat) ill all closets 13-32 o Install voice and data lines in living rooms and bedrooms as shown on electrical plan a Install washer and dryer hook ups and install ventilation fans in all storage closets located offnook .. Finish window seats with sill and apron in master suites .. Install all new electric appliances. Improvements to 1 BR /lBA Units (#100 as an example) .. Dining bar area in unit will have either 2 pendant lights or 2 - 4" cans over dining bar ... Remove existing lighting (ceiling mount) from nook area .. Create arch openi:llg to kitchen .. Maintain voice and data cable location in LR .. Install voice and data location in BR .. Create ar~ opening to hallway from living room .. Locate lighting over.vanity in bathroom, 84" up frotn floor .. Create 59" banj 0 si,Uk top element around toilet .. Install washer/dryer at existing linen closet. F.abricate additional storage .. Frame washer/dryer closet opening. to install panel door. .. Replace existing vanity in master bedroom. .. Replace the vanity light bar for a ceiling flush mounted fixture .. Shift entry into the MBR closet to the right, where existing v~ty is currently located .. Vanity cabinet to be 27" due to existing plumbing placement Improvements to 2BR/2 BA First Floor Units (Unit #31 as an example) .. Change layout of kitchen to minimi7:e dishwasher plumbing through cabinetry co Install corner wall cabinets with glass on either side of the kitchen window II Relocate nook light to center of dining area and install a chandelier .. Create arch o~ening to nook . .. Install 1.5' x 4' ceiling mounted fluorescent lighting .. Remove the split linen closet in hall to expand living room and create a full height niche . . 13-33 2 o Create arch niche opening in Living Room a InsUill data cable in Living Room niche area . Install voice data cable in M:BR on entry door wall . Install light in storage closets above air conditioners . Utilize portions ofMBR closet to create stackable Washer 1 Dryer closet;vith panel door " . Install shelves over the Johnny cabinets in bathrooms . Install in Master Bath 39" vanity combination cabinets with bank'of drawers to the left of sink base . Install in secondary bathrooms 39" vanities with drawers to the right of the sink base Improvements to 2BR/2 BA Second Floor Units .. Upgrades to be same as for ground floor units ~provements to 2 BR 12 BA. (#86 as an example) .. Install exterior wall mounted light for entryway .. InsUill switch for new entryway light , .. Relocate voiceldatacable in Living Room to entry wall 60" from the front door .. Install 2 pendant lights or 2- 4" cans over dining bar .. Cancel flush mount light in nook/dining space .. Make kitchen ceiling 96" H with 1.5' x 4' fluorescent .. Reframe closet to accommodate 8' wide mirrored doors .. 'Entry w<J.ll niche, arch top and put a 12" deep base cabinet with granite top , .. Install 36;' vanity base in bathrooms .. Add shelves over the Johnny cabinet .. Install framed mirror over vanity , , 13-34 Exterior Desi2TI Improvements: o New entry gate designs to existing entrances (CAD drawings enclosed) o . o o o o o o o o 0- o - . o . . . e Add a new monument Add a Tot lot in the front lawn area of property Create a private terrace off of secOlid story master bedroom (example unit 86) . _ Add a will 84" in height and 50" in length. This height avoIds the roofline.. The wall separates the master terrace from the entry into the adjacent unit. - Add 5'W French doors off master - Install wall caps where needed on exposed wall tops on the new upper balcony walls Add iron details to street facing buildings - (CAD details enclosed) Remove flood lights from entry ~ides of buildings Add an entry wall mount light fixtnre to each condominium entry except where there are ceiling mount futures Add foam details to entry doors and designated windows (design details enclosed) Add shutters to designated "lYindows Remove trees With large roots that lift the concrete walkways and those trees close to the foundation walls Concrete lightweigl].t tile roof Replace iron railings (detail enclosed) Use e;risting rental office space to incorporate a gym Convert eristing laundry facility into club house Landscape design done by Architect Add large wall mounts to front of buildings on street side at each - end (as shown on exterior elevations) Remove flood light from center of building - -Exterior Design Improvements: Pool Area . Resurface deck with deck coating . New patio furniture e. Add exterior lighting . Add BBQ's to pool area . Remove wooden benches from trellis area . Furniture 4unibrella tables 16 chairs 4 umbrellas 1i lounge chairs 6 side tables 13-35 . . A Exterior Paint Colors: Dunn Edwards Paint (or similar color by other manufacturer) Color # Placement: 1. Pale Beach DE6199 Stucco-Tan 2. WoodeuPeg DE6215 Stucco-Brown 3. Briar DEC712 Entry doors/ra.iIin.gs 4. Olive Court DEAl 74 Foam Details, Shutters, Roofline Fascia, Stringers, Metal Stairs The building walls will be labeled with tape prior to painting the exterior. This will provide exact placement of coior on the exteriors. Exterior Details: Mailboxes: Salsbury Industries Bronze Finish Vertical Recessed Units Iron Work: Details enclosed Tiger Drylac powder Coat Paint Color: RAL 8016 ' www.tigerdrvlac.com 'Roof: Eagle Roofing products Ponderosa Lightweight concrete tile Product #5634 Kings Canyon Blend Roofline 'Gutters: RGS Aluminum Gutter Clay If desired, we suggest .painting: Olive Court DEA174 . 13-36 , Wall Downspout Gutters: Shutters: Foam Detail; Siding Details: Windows: Carpentry Entry Door: Address Font: . House Numbers , House Numbers: Door Hardware Exterior.Entry DoorHandle: RGS Aluminum Gutter Clay KG Design ~ Build, Inc. Spaced; Style Code B2 Spaced 16 7:\," width Order in: PaiIit Ready #30. Paint: Olive Court#DEA174 Details enclosed Frame with Plywood & 2" x 2"'s per CAD drawing. Vinyl MiIgard Retrofit Color: Sandstone TM Cobb Classic-Craft Rustic Fiberglass CCR 820.5 Baldwin Archetypes 0.10. Craftsman Dark Bronze Refined App.lications Bronze Emtek Arts & Crafts Handleset Oil-Rubbed Bronze . . 13-37 " Lighting Exterior Lighting Large Wall Mount- Hinkley Lighting Common Area Lighting: Entry Wall Mount: Hinkley Lighting Patio Ceiling Mount: Hinkley Lighting Patio Wall Mount: Hinkley Lighting 13-38 .., Westwater Collection 2495 CB 'Copper Bronze Finish wI Clear Seedy & Tiffany Pattern Glass l1"W:x 15"R:x 10 ?/'''E 9 ?/''' top to outlet ' (3) 40W Candelabra Westwater Collection 2490 CB Copper Bronze Finish wI Clear Seedy & Tiffany Pattern Glass 8 y,"W:x l3"R :x 8 W'E 8" top to outlet, (2) 40W Candelabra Westwater Collection _ 2499 CB Copper Bronze Finish wI Clear Seedy &, 'Tiffany pattern Glass 7 ?/,"H:x: 13 W'D (3) 40W Candelabra Westwater Collection 2498 CBCopper Bronze Finish wI Clear Seedy & Tiffany Pattern Glass 7"W:x 8 W'H:x 6 W'E 4 ?/''' top to outlet (1) 60W med. 3/31/06 . . 307 Orange Avenue Chula Vista, CA 91911 Scanned Images of Specs Roof: Eagle's J;'onderosaRoofing; Lightweight Concrete Tile King's Canyon Blend Mailboxes: Vertical Mailbox in Bronze Finish 13-39 11 . . Shutters: Board-N-Batten Spaced Panel B2 Shutter Entry Doors: 1M Cobb Classic Craft CCR 8205 Entry Door . . 13-40 9 Hardware: Exterior Entry Door Handle .. Arts & Crafts Handleset Collection; Oil-Rubbed Bro=e 13-41 1n . . Exterior Lighting: Hinkley Lighting; Westwater Collection " Large Wall Mount; Co:r:i:mJ.on Areas Copper Bronze Finish w/Clear Seedy & Tiffany Style GlaSs Entry Wall Mount Copper Bronze Finish w/Clear Seedy & Tiffany Style Glass , , 13-42 _ 1.L Exterior Lighting: Hinkley Lighting; Westwater Collection Patio Ceiling Mount Copper Bronze Finish w/Clear Seedy & Tiffany Style Glass Patio Wall Mount Copper Bronze Finish w/Clear Seedy& Tiffany Style Glass , . 13-43 17 l Project No. 08-C-01809 August, 2003 REPORT Property Condition Assessment Orange Glen Apartments 307 Orange Avenue Shula Vista, Sail. Diego County, California.91911 Prepared For MALCOLM, DAVID & DARMO~ DARMOR, DBA, O&A Clo Westone Management Consultants 710 CamiIio de la Reina Sl!ite 129 San Diego, California 92108-3216 Attention: Mr. Joseph Scarlatti Prepared By JCEP/Huang Consulting Engineers, Inc. 217 Via Lara Dos Vientos Ranch, California 91320 .. ATTACHMENT 5 13-44 , 1.0 EXECUTIVE Sll1\1MARY 1.1 General Description JCEPtHuang completed a property condition assessment (PCA) of a multi- d-w-eIling complex known as Orange Glen Ap8rtments located at 307 Orange Avenue, Shula Vista, San Diego COl.m:ty, Califomla 9191lat the request ofJ oseph Scarlatti of West one Manag=ent Consultants. As part of the peA, an on-site walk through observation was made ,on August 20,2003 -with Lindsay Erickson of Westone Management Consultants, and Luis Sarinana" Resident Manager of the ' Apartments. The subject property contains 124 dwelling units scattered in 7 two-story, wood frsmed, rectangular-shaped garden type apartment buildings. A brief description of the dwelling units is as follows: 'V Unit Tvne No. of Units Size "fUnit 'i'otaIArea 2 BD/2 BA 56 785 s.t: 43,960 s.f. E1A3D/1 y, BA 40 760 d. 30,!I00 s.f. 1 BD/1 BA 28 540 s.f. 15,120 s.f. Total 124 89,480 s.f. Additionally, the sUbject dwe11i:ng complex also provides 193 surfaced pailing spaces (mcluding 4 handicap pittldng stalls), a leasing office building, a laundry room, a swimming pool, and associated hatdscape and landscape. ConstI:ucnon drawings were not available for JCEPtHuang's revi~w. Reportedly, the subject property was developed in 1985 on an irregularly shaped suburban lot of an approximated 3.46 acres in the City of Shula Vista, San Diego County, California.. Heating and cooling of the dwelling units are provided by individual electricity- powered AlC units.. Domestic hot water for the apartments is provided by a ' centralized solar and gas-fue<;l hot water heating unit supported in the utility closet of each apartment building. Each dwelling.unit is firmi .11ed -with an electric range/oven, refrigerator, hood and garbage disposal. All two-bedroom units are also equipped -with dishwashers. The electric distrlbution panels and individual electric meters are housed in the utility closet of each building. Gas meters are hung on the exterior walls of buildings near the ground, Smoke detectors are available fOr the apartments, and the public areas of the buildings are fitted with fire extinguishers. Additionally, fire hydrants are located along the city street 'sidewalks by the property and ou- site as required by the c=ent fire code. . . . 13-45 4. 1.2 General Physical Condition Management of the apartments advised that seal-co~g and restriping of the asphalt pavement were completed about ll6 years ago. The swimming pool was resurfaced in 100 I. And the apartment buildings were repainted in 2002. ' The subject property appears adequately maintained and in overall good condition with some defects noted. Components of the buildings are composed of durable materials and sturdy construction. It is JCEPlHuang's opinion that the subject property is comparable to or better than other similar properties of similar age in this area and, subject to a continued program of sustained preventative maintenance, the r"meining economic life of the subject apartments should. exceed 35 years. 13 Recorro;nended Immediate Repairs (within 12 months) Deferred maintenance and physical deficiencies for which actions are recom- mended represent potentially unsafe cQnditions,. material code violations, and items that requite corrective works'on a higherpriority than routine work. Bas~dupon observations conducted during the property visit, the following objectionable property conditions that require immediate corrective works were identaled: . . Alligatoring and cracking on the asphalt pavement in the entry driveway gate area were noted (see photo #15 and #16). This condition should be corrected immediately before it deteriorated into a potential tripping hazard for pedestrians. ESTIMAlED COST: $8,000.00 . . Thoroughly examine the irrigation systems (see photo #23). Make necessary repairs and adjustments to assure the proper spraying of the irrigation water. ESTIMAlED COST: $ 800.00 1.4 Recommended Short Term arid Intermediate Term Repairs (between I to 5 years) . . Dueto aging, it is expected that the following equipment will need to be replaced. . . 13-~ . L Five (5) AlC units each year ESTIIv1ATED COST: . $700/each 2. One (1) hot water heater each year. ESTIIv1A TED COST: $500/each 3. Five (5) refrigerators each year. ESTIMATED COST: $500/each 4. Five (5) dishwashers each year. ESTIMATED COST: $450/each 5. Five stoves/range each year. . ESTIMATED COST: $400/each . Pitched roofing system has a usefu1life span of between 20 and 25 years. The . Apartments was developed in 1985. Reroofing of the buildings will become necessary soon. ESTIMATED COST: $2.50/s.f. We understand that the owner of the property haS a renovation program to up- grade the property. The program will be carried~ut within the next two to three years, and it includes: 1. Repair/replacement of flooring and painting of interiors of all dwelling units. 2. Repair/replacement of kitchen appliances, counter tops, cabinets and .sinks. 3. Repairlreplacement of windowS and doors. 4. . Repair/replacement of bathroom fixtures. 5. Repair/replacement of any water damaged building elements and materials. 6. Repair/replacement of plumbing system. 7. Repair/replacement of electric system. Together with the reco=endedrepairs, the subject apartments will become an attractive and high quality property. : 13-47 C:, ~ landAmerica' Commercial Services August 10, 2005 --;:::---. .-;".~.~~;;p~\7"~:"~~ l!lr--\ 11~ li 11 Ii=- 11 \'"j ll-. i: \,1 'I:J = .;- ,""'l ':..0---"".---". .' l\__'~~-';;'~'" . \1 j' ~ .1 ,,1 .. IlfH - ;:..:, \u i AUh 1 5 2.00:1 \, \ 'L __........J. ~~...I;t,........... ?L!i.f\ir~~NI..:l .-- !..----..---............--........ .......-... Mr. Michael D'Amelio Premier Coastal Development 1010 Turquiose Street, .suite 200 San Diego, California "92109 Re: Imme~te Repair Verlfication 307 Orange Avenue ChuIa VISta, California 91911 LAC Project 05-29331.1 Dear Mr. D'Amelio: LandAmerica Assessment Corporation (LAC) is pleased to provid<; you with a Supplemental Property Condition Assessment perf=d in adherence to the City of ChuIa Vista requirements and Premier Coastal Development guidelines. On July 28, 2005, Greg L. Gavasse, LAC Professional Associate, perf=ed a Visnal inspection of the present condition at the property located at 307 Orange Avenue in ChuIa Vista, California. The pUIpose of this assessment was to snpplement the original report performed by JCEPiHuang Consulting Engineers, Inc., dated September 2, 2003. The snpplemental items that need to be covered are 'as follows: 1.) UBC year the project was crnistrocted nnder. The project was constructed under the 1982 edition cif the Uniform Building Code. 2.) Location, condition and summary of use for the SDGE transformers, distr1"bution panels, meters. ' ' The property provides three SDGE transformers, which are located at the northwest corner (transformer #~ - D16l8372968 Cir 151), south side I rear of the property (transformer #2 - D16l3972994 Cir 151), and at the northeast comer of the property (transformer #3 - D16l8573005 Cir 151). The transformers feed main electrical switchgear through underground conduits. The main electrical switchgear is located in exterior electrical closets at each building (see site plan for locations). The main electrical switchgear is rated at 400 amps and provides 120/208 V AC, 3 pole service to each apartment nuit Each apartment is separately metered, through a 70-arnp main supplying a sub panel located in apartment unit master bedroom walls. Each building also contains a 20 amp house main. Interior wiring noted was obserVed to be copper and is Romex type wiring. Surfuce incandescent fixtnres provide the interior lighting. SEe provides telephone trunk lines. In geoeral, the electrical systems for the Subject Property, including switchboards, panel boardS, lighting and wiring systems appear in fair condition and adequately sized for the =entuse of the ap".tmeots. Manag=ent reported no problems andlor deficiencies with electrical systems. 3.) Conditions and reco=endations on plumbing types, condition of fixtures and plumbing system in general. . . LANOAMERICA ASSESSMENT CORPGRATION 1320 HARBOR: BAY PARKWAY ~250 ALAMi:::Q"",,---C.A}'iiORNlA 94502 TeLEPHONE: 510.337.2855 FACSIMIIle;,;p-t'q.iP7.2.865 WWW.NA.CO~P.COM en w tt:: ;:) l- e z w .a. ~ w (J z <1;' z w 1Z < ....:s we ...Jw Dltt:: ~tt:: w u.. w e e .~ tt:: < a. w tt:: w I- <I: e w :s ~ '" o o N 0- .... - '" ::l OJ ::l <I; ~j~ "-_." . . -:':~'':'~~ :~:~~~.E -:;;n,~ ._".-0:" .:.~.,~~~. ,.....7'.. ;:y;.'~ ~~..~ I .,~.;;> ~~'lfJ i~-~. .~ -w ,~.~ ....,"" ~"':oc:: ~~€) 'q. .-;1 v:ll -'" '-;; <lJ~ E~ <<;t-3 u:U ,::5 mE -13 ~ " :> c <D ~ <0 C '" ~ o c o c '(ii E <0 :S E OJ ~ (jj oi 0 "0 ro c " "' .."J c 0 (jj E ;; E c 0 - 0 0 0 E (jj " E "0 0 " (jj 0 > - 0 OJ ..: .0 ~ ..: Cl 0 Cl Cl . Cl '" '" Cl CJ) '" to '" .... ~ .". .". ... 1Il .... C III .... ElU~ t::::l.... 01<::'" c,<ll.... <I; .>..... <::<I;U CD.m ~ - OJ- c!>c.!!! 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" . ~1- 0 <Il C 0 C C 0 0 0 n::~ I- -.-- -~ ,May 3, 2006 , City of Chula Vista Planning Departtnent 4'1'6 Fourth Ave ' Ch\J1'a Vista; c.<\ 91910 , 'Atten.tion; Danielle Putnam, <;:ontract PI<0!'ler ;1,_. ' .- JU;:: Application DRC-D5-05 and PCS~()5-06 Teprative.i);1ap for Condominium Conversion, at 3f;fl Orange Ave - Homebuyer iu(d TeiJ.alilt Relocation A.ssistitnge Dear Ms, Putnam: In response to the request from the pianniljg Department" the follo'iYing outlines a program \hat ""ill be implemented to assist the:lelfanrs with pOl-ential CONdominium purchase or relocation: .' . ,.' . A rire~tinglworkshop wiU be mgam~~4 ~o iljc1uct:e aJ) tenants, a rePr@s~ntalive from the . property management cl;JJnpmty, Ii iept~~!1lative or a toortgage bi'ok/lr. and representatives " frOln!'he de'leloper within sev~' (7)'c1a:\1S'm the appi:Ove:d''r~n~li've Map. We also believe that $e City of CBNla Vjsta wpuk! :iik~ tn. nav]" fl' repiystmhitive pres~L , .: . .', " ",' The fol1'owfug items will be discttssMl . " . 'I- " . , , " . . ' A. Information on [he con1~rsion iff ll!i. project ana the future of their f~.naiacy, . '. ".- . . " 'B, Assistance for tenants 'who wish' ttipuicl1ase their units . 1. A mortgage broker'wiD b~:Ft~~i to help those wli.6; wish t9,puicha;;e thdr \Init 2. The ero),::er will hol;,i an brr,.:s:lt~ WO,likshop On how tenant? can pte~qualify for a mortgage and beco~ hbl!leOjNii~ ' " . '. 3. The developer ",ill Off"T f,o'aFiYJ~rested teiJ.a:nt a $5.60(;)',~iSCO\l;1t towards the purchase oftherr nuit ~9~~si#ttUJce with information on CB1,TIlliunity Housing , "Vot.ks, a non-profit org$I\lzati'Qo, that assists pEst-time 'hofutibfl)'ers by provicl.ililg a,:Gess to specif!! loan ~rid'~llt f:trOg:ff!.ITlS available; t~91igli. state and local govemrnenL The c;11sc:mni't Will !:J€ offered only ror. ilios" rl\i;\an1s who ]?1l'Fchase a . unit at the 307 Orang~ M-;;l'lu~ project. '. , " c. Assistance foi' tenants who chobse to'relocate: . I,' The applicant will asS.is~with"the relocation ofthos.e terupits rho-prefer not to. purchase theit units by. providing $500 fat r'elocaliol'1 an'd lh6ving assistance, their. full security deposit b8clc, imd a referral list of .affordable housing that is generated by the Community DeveJoprtie~t Department. ". . . ATTACHMENT 6 1U1DTurqBmSjl 5l Suire 2ilU . S;;!I Dilgll.fl1 !l211iG'4ii5iOl/ll413i1ij . jllJl 8fr8t214.212S . &~i!f.Prilliliilr8lm!l'Jlfitim"m. " 2. Assistance in locating replacement housing Ve'ill be offered by the property management company who will ~signate a representative to help tenants secure rental bousing. 3, . Any tenants toov'ing in after approval of the Tentative Map by City Council will be on a mOEm-to-month lease and as tn!; wqrk progresses, reduced montbIy :tent~ will' be provided. . Sll(::erely. .. l2L~----. Clrristopber Duggan Premier Coastal Development .' '!" '.. 2 13-51 . . RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Chula Vista 276 Fourth Avenue Chula Vista CA 91910 Alln: City Clerk No fee for recording pursuant to Govemment Code Section 27383 (Space above for Recorder's Use) AFFORDABLE HOUSING REGULATORY AGREEMENT THIS AFFORDABLE HOUSING REGULATORY AGREEMENT (this "Agreement") is entered into as of ,2007, between the CITY OF CHULA VISTA, a municipal corporation ("City"), and WGA ORANGE AVENUE, a Califomia limited partnership ("Developer") and/or its successors or assignees. 1. - Recitals 1.1. Authoritv. The City is a municipal corporation, organized and existing under the laws of the State of California. City is authorized to enter into binding agreements for the purpose of protecting public health, safety, and welfare. 1.2. Developer. Developer has a property interest in property in the City of Chula Vista, in the County of San Diego, California, commonly known as 307 Orange Avenue, which is legally described in Exhibit "A", which is hereby incorporated herein (the "Real Property"). The Real Property will be a condominium project established pursuant to Section 1350, et seq. of the California Civil Code. 1 .3. Proiect. Developer wishes to convert the existing 124-unit apartment complex at 307 Orange Avenue to a condominium project (the "Project"). Owner proposes that 83 of those units will be sold at prevailing market rates (the "Market Units") and that 41 units will be sold at affordable prices to eligible moderate income households (the "Restricted Units") as further described in Section 1.5 below. 1.4 Tentative Map. The City Council of the City of Chula Vista, through the adoption of Resolution No. , has approved a tentative map in accordance with the State Subdivision Map Act and the City's Municipal Code, Chapter 15.56, authorizing the conversion of the Project into a condominium project. The Owner has requested a Density Bonus pursuant to 65915.5. Pursuant to 65915.5 the Owner is entitled to additional units or incentives of equivalent financial value. As requested by the Owner and in accordance with Califomia Government Code g65915.5, the City has granted Owner a reduction in certain requirements of the following conditions of conversion as incentives of equivalent financial value: Affordable Regulatory Housing Agreement 1 13-52 . The requirement to comply with the off-street parking standards for multiple family dwellings and dwelling groups which exist at the time of the establishment of the Project as a condominium project set forth in Municipal Code section 15.56.020(F). . The requirement to comply with the City's current open space requirements set forth in Municipal Code section 19.28.090 . The requirement to provide storage space set forth in Municipal Code section 15.56.020(C). 1.5 Density Bonus Conditions. Developer and the City now desire to enter into this Agreement to satisfy the conditions of approval requiring Developer to provide at least 33 percent ofthe total units as moderate income for sale housing. as defined in ~50093 of the Health and Safety Code. 20 One Bedroom / One Bath 21 Two Bedroom /1 Bath 1.6 Bindina On Successive Owners. Pursuant to California Government Code Section 27281.5, the parties intend that this Agreement constitute an encumbrance against the Real Property which, during the Term of this Agreement, is binding on the owners and successive owners of the Real Property for the benefit of the City. NOW THEREFORE, THE CITY AND DEVELOPER HEREBY AGREE AS FOLLOWS: 2. - Definitions The following definitions apply for purposes of this Agreement: 2.1 "Area Median Income" means the latest median income from time to time determined by the United States Department of Housing and Urban Development (pursuant to Section 8 of the United States Housing Act of 1937) for the San Diego Standard Metropolitan Statistical Area, and as established by regulation of the State of California pursuant to Health and Safety Code Section 50093. 2.2 "Buyer-Elected Options and Upgrades" means options and upgrades included in a Unit that are not included within the plans and specifications for standard production Units and that are paid for in cash by the buyer. 2.3 "Buyer-Qualified Interest Rate" means the interest rate a buyer qualifies for and obtains under a loan, the proceeds of which are used to purchase the Moderate Income Unit. 2.4 "City Notice of Approval" means the letter from the City identifying the applicant as an eligible affordable buyer. Affordable RegUlatory Housing Agreement 2 13-53 2.5 "Gross Income" shall mean the anticipated income of a person or family for the 12-month period following the date of determination of income as defined in Title 25 of the California Code of Regulations Section 6914. 2.6 "Market Rate Price(s)" shall be as described in Section 3.2 below. 2.7 "Moderate Income Affordable Sales Price" shall be determined pursuant to Section 3.3.3 below. 2.8 "Moderate Income Buyers" means individuals or families with a gross income which does not exceed one hundred twenty percent (120 %) of the current Area Median Income, as adjusted for household size as set forth in ~50093 of the Health and Safety Code. 2.9 "Moderate Income Unit" means any of the forty-one (41) Units which shall be sold by Developer to and occupied by a Moderate Income Buyer. 2.10 "Monthly Housing Cost" means the sum of monthly payments for all of the following with respect to a Moderate Income Unit: 2.10.1 Principal and interest, amortized over thirty (30) years, at the then current fixed interest rate, payable under the First Trust Deed Loan (as defined below), which is then available to acquire an Moderate Income Unit; 2.10.2 Any special tax district assessments, Mello-Roos special taxes, prorated monthly, which apply to the Moderate Income Unit; 2.10.3 The monthly homeowners association regular assessments which apply to the Moderate Income Unit; and 2.10.4 A reasonable allowance for real estate taxes and insurance not included in the above costs, prorated monthly. 2.10.5 A modest Utility allowance as determined by the Housing Authority for the unit size. Utility allowance does not include telephone or cable service. 2.11 Mortgage Amount" shall be as described in Sections 3.3.1, 3.3.2, whichever is applicable. 2.12 "Silent Second Note" shall refer to the promissory note made by a Moderate Income Buyer in favor of the City which is equal to the difference between the Market Rate Price and the Moderate Income Affordable Price of a Moderate Income Unit. The form of the Silent Second Note shall be as set forth on Exhibit "B" attached hereto. 2.13 "Silent Second Trust Deed" shall refer to a deed of trust which secures a Silent Second Note. The form of the Silent Second Trust Deed shall be as set forth on Exhibit "C" attached hereto. 2.14 "Term" shall be described in 4 below. 3. - Marketinll of Moderate Income Units 3.1 Moderate Income Units. Of the One-Hundred Twenty-Four (124) Units in the Project, Developer shall sell Forty-One (41) Units only to Moderate Income Buyers) The Forty-One Affordable Regulatory Housing Agreement 3 13-54 (41) Moderate Income Units shall consist of20 One (1) and 21 Two (2) bedroom Units. The sales price of each such Moderate Income Unit shall be the Market Rate Price, with the Silent Second Note being in original principal amount equal to the difference between the Market Rate Price and the Maximum Sales Price for a Moderate Income Unit. The Silent Second Note shall be secured by the Silent Second Trust Deed encumbering the Moderate Income Unit which is sold to a Moderate Income Buyer. The Silent Second Trust Deed shall be subordinate in priority to the institutional trust deed loan ("First Tnust Deed Loan") which the Moderate Income Buyer obtains to purchase the property. 3.2 Market Rate Price. The Market Rate Prices for the Moderate Income Units shall initially be the amounts set forth in the attached Schedule "1", Developer may request that the City recalculate the Market Rate Prices twice in any given calendar year pursuant to the procedures set forth in this Section, Developer shall seek the City's written approval, which approval shall not be unreasonably withheld, prior to modifying the Market Rate Prices. Developer may submit to the City Developer's proposed revisions, if any, to the Market Rate Prices for the Moderate Income Units. Within ten (10) business days after such submission, the City shall approve or disapprove such proposed revisions. If the City disapproves and objects to Developer's proposed revisions within such ten (10)-day period, Developer may re-submit further revisions to the Market Rate Prices to address the City's grounds for objection, and the City shall thereafter have ten (10) business days to approve or disapprove Developer's proposed revisions, If, however, the City fails to approve or disapprove Developer's proposed revisions within the initial ten (10)-business day period (or the subsequent ten (1 OJ-business day period iri case of re-submlssion), Developer's proposed revisions shall be deemed approved. 3.3 Calculation of Maximum Moderate Income Affordable Sales Price. 3.3.1 The Maximum Sales Price of a Restricted Unit (the "Maximum Sales Price") means the maximum sales price applicable to the unit size in question, as set forth in regulations promulgated pursuant to California Health and Safety Code section 50025.5(e) to determine the sales price that will make housing available to moderate-income households at an "affordable housing cost," as defined in California Health and Safety Code section 50025.5(b)(4). One (1) Bedroom Two (2) Bedroom $197,956 $227,226 Developer may request that the City recalculate the Maximum Sales Price twice in any given calendar year. Pursuant to the procedures set forth in this Section, developer shall seek the City's written approval, which approval shall not be unreasonably withheld, prior to modifying the Maximum Moderate Income Affordable Sales Prices. Developer may submit to the City Developer's proposed revisions, if any, to the Maximum Moderate Income Affordable Sales Prices for the Moderate Income Units. Within ten (10) Affordable Regulatory Housing Agreement 4 13-55 business days after such submission, the City shall approve or disapprove such proposed revisions. If the City disapproves and objects to Developer's proposed revisions within such ten (10)-day period, Developer may re-submit further revisions to the Maximum Moderate Income Affordable Sales Prices to address the City's grounds for objection, and the City shall thereafter have ten (10) business days to approve or disapprove Developer's proposed revisions. If, however, the City fails to approve or disapprove Developer's proposed revisions within the initial ten (10)-business day period (or the subsequent ten (10)-business day period in case of re-submission), Developer's proposed revisions shall be deemed approved. 3.4 Unit Sizes and Appropriate Household Sizes. The following are the household sizes appropriate to a Moderate Income Unit, for calculation of Mortgage Amount based State law: Calculation of the Moderate Income Affordable Sales Price shall be based upon the assumed household size specified for the Moderate Income Unit size as set forth in the foregoing table notwithstanding the actual size of the household that purchases the Moderate Income Unit. 3.5 Proof of Qualification. Developer will obtain from each person(s) to whom Developer sells a Moderate Income Unit a "Supplemental Buyer Application" (the "Application") in the form of Exhibit "D" attached hereto (or such other form as the City may from time to time adopt and of which the City will notify Developer in writing). Developer will be entitled to rely on the Application and the supporting documents thereto in determining the eligibility of such person(s) to buy such Moderate Income Unit. Developer will retain the Application and supporting documents for a period of at least seven (7) years after the buyer thereof closes escrow for the purchase of the Moderate Income Unit. 3.6 Records. Audits. Developer will submit to the City monthly copies of all Applications, available settlement or closing statements with respect to each Moderate Income Unit that has closed escrow, and documents submitted containing information with respect to each Moderate Income Unit including (i) the monthly amortized Mortgage Amount, (ii) the number of occupants for which the Moderate Income Unit is sold, (iii) the income of such occupant(s), (iv) the Market Rate Price of the Moderate Income Unit and (v) the Moderate Income Affordable Sales Price of the Moderate Income Unit or the Moderate Income Affordable Sales Price of the Moderate Income Unit, whichever is applicable. Such submission shall be in the form of Exhibit "D" attached hereto (or such other form as the City may from time to time adopt and of which the City notifies Developer in writing). If the City reasonably believes that violations of the sales price, occupancy and/or income requirements of this Agreement have occurred, and that an audit is necessary to verify submitted Applications and documentation, it will so notify Developer in writing thereof. Within ten (10) days after delivery of said notice, Developer will deliver to the City the names of three certified public accountants doing business in the metropolitan San Diego area. The City will promptly deliver to Developer the former's approval of one or more of said names. The audit will be completed by an approved certified public accountant, at Developer's cost, within 60 days after the delivery to Developer of the City's said approval. Affordable Regulatory Housing Agreement 5 13-56 The certified public accountant will promptly deliver a copy of the written audit to the City. Developer shall regularly evaluate its compliance with the sales price, occupancy and income requirements of this Agreement and exercise good faith efforts to avoid any violations thereof. 3.7 Citv Aooroval of Marketinq Plan: Selection of Moderate Income Buvers. The following requirements shall apply with respect to Developer's marketing of the Moderate Income Units 3.7.1 Marketinq Plan. Developer shall prepare a marketing plan in compliance with Federal and State Fair Housing Laws. Such marketing plan shall include a plan for publicizing the availability of the Moderate Income Units within the City, such as notices in any local newspapers. The marketing plan shall require Developer to obtain from the City the names of Moderate income households who have been displaced by the City Redevelopment Agency redevelopment projects, and to notify persons on such list of the availability of Moderate Income Units in the Project prior to undertaking other forms of marketing. The marketing plan shall provide that the persons on such list of displaced persons be given not fewer than fifteen (15) days after receipt of such notice to respond by completing application forms for purchase of Moderate Income Units, as applicable. 3.7.2 Income Requirements. All buyers of each Moderate Income Unit shall meet the income requirements set forth in this Agreement. Selection of Moderate Income Buyers shall be made based upon the Buyer Selection Criteria as established within the following levels of priority. A point system has been established so that applicants with a higher number of points will receive preference for Moderate Income Units. 5 Points Households which are displaced from their primary residence as a result of any of the following: (i) expiration of affordable housing covenants applicable to such residence; (ii) an action of the City or the City Redevelopment Agency; (iii) closure of a mobile home or trailer park community in which the household's residence was located; or (iv) a condominium conversion involving the household's residence. One member in the household must have resided in such housing as the primary place of residence for at least one year prior to such action or event. 4 Points Households with at least one member who has worked within the City, as that person's principal place of full-time employment, for at least one year prior to the date of application for such housing. 3 Points Households with at least one member who is a Public Safety employee (fire and pOlice) or Credentialed Teacher. The individual must be working in such position as his/her full- time profession at the time of application. 2 Points Households currently residing within the boundaries of the Citv of Chula Vista at the time of aoolication. Affordable Regulatory Housing Agreement 6 13-57 City of Chula Vista, at the time of application. 1 Point All other applicants who do not meet any of the above criteria. In the situation where there are applicants with an equal number of points but not enough Moderate Income Units are available, a lottery will be held at a place and time to be announced by the City and Developer. 3.7. City's Evaluation of Qualification of Moderate Income Buvers: Authority of City To Receive Loan Applications. Developer shall reasonably assist the City in obtaining from each Moderate Income Buyer (or prospective Moderate Income Buyer) a form signed by the Moderate Income Buyer authorizing the release to the City of the prospective buyer's 1003 (Mortgage Loan Application), Good Faith Estimate and Underwriting Transmittal Summary (1008) or similar form from the applicable lender. Developer shall request that each such lender forward to the City the loan documentation for any loan to a Moderate Income Buyer. The City will evaluate these forms and communicate its evaluation to Developer. After the City's review and verification that a prospective buyer is qualified as a Moderate Income or Moderate Income Buyer, the City will send a City Notice of Approval to the lender and Developer confirming the prospective buyer's eligibility. 3.8. Qualification Criteria. The City will utilize the following criteria in evaluating an application by a Moderate Income Buyer (or prospective Moderate Income Buyer): 3.8.1. Neither the Affordable Buyer nor such Affordable Buyer's spouse has owned a home during the three (3) - year period immediately preceding the purchase of the Moderate Income Unit. 3.8.2. 3.8.3. The Affordable Buyer's liquid assets after down payment, Affordable Buyer's closing costs and Affordable Buyer's cash payments for Buyer-Elected Options and Upgrades must not exceed $25,000.00. 3.8.4. Non-occupant co-borrowers are not allowed. 3.8.5. The maximum Monthly Housing Costs must not exceed 36% of monthly income for FHA insured loans and 40% of monthly income for all other loans. 3.8.6. The maximum debt-to-income ratios must not exceed 41 % for FHA insured loans and 45% for all other loans. 3.8.7. No refinancing for cash-out or debt consolidation purposes will be allowed (but rate and term refinancing is permitted). 3.9. Occupancy Criteria. Beginning with the initial sale of a Moderate Income Unit and continuing with each sale thereafter, the Purchaser of a Moderate Income Unit will meet the following criteria ("Occupancy Criteria"): The Purchaser will occupy Moderate Income Unit as hislher only residence. The Purchaser will be considered as occupying the Moderate Income Unit as the Purchaser's only place of residence if the Purchaser is living in the Affordable Regulatory Housing Agreement 7 13-58 Moderate Income Unit for at least 1 O-months out of each calendar year. Notwithstanding the foregoing: 3.9.1 If the Purchaser is deceased, then the Purchaser's heir may take title to the Moderate Income Unit, provided such heir qualifies as an Eligible Moderate Income Unit, all such heirs must qualify as an Eligible Household. If the Purchaser's heir(s) do not qualify as an Eligible Household, the heir(s) must sell the Restricted Unit to an Eligible Household for a total consideration that does not exceed the then Maximum Sales Price. 3.9.2 If the Purchaser's failure to occupy the Moderate Income Unit is the result of a medical necessity, then the Purchaser will be given a grace period. At the end of such grace period, the Purchaser will be required to either occupy the Moderate Income Unit or to sell such Moderate Income Unit to an Eligible Household for a total consideration that does not exceed the Maximum Sales Price. 3.10 Infonmation Packet. Developer shall provide an informational packet to each Moderate Income Buyer and Moderate Income Buyer, summarizing the requirements of the City's affordable for sale housing program provided for in this Agreement. The City shall, at Developer's request, reasonably assist Developer with the preparation or review of the informational packet. 4. Term 4.1. Term of Aareement. The agreement shall commence on the date of this Agreement. The Term ends after all obligations under this agreement have been met and verified by the City. Upon verification from the City that all obligations have been satisfied, the City shall record a termination of this Agreement in the Office of the County Recorder of San Diego County, California. 4.2. Recorded Affordabilitv Clause. At the time of the initial sale to an eligible household of a Moderate Income Unit, each Moderate Income Unit shall be subject to the affordability Restrictions for a period of thirty (30) years, as described in their Deed of Trust. Each Purchaser of a Moderate Income Unit must sign a Deed of Trust which contains covenants about affordability, resale and payment to the City. 4.3. Transfer of Restricted Units. Neither Owner nor the Purchaser(s) of a Restricted Unit can sell or transfer any Restricted Unit without the approval of the City, and the City's verification that the requirements of this Agreement (or, if the Owner has sold such Restricted Unit to Purchaser, the Individual Declaration applicable to such Restricted Unit) have been satisfied, including without limitation the City's verification that a purchaser or transferee is an Eligible Household at the time of purchase and that the Actual Sales Price does not exceed the Maximum Sales Price. 5. - Subordination Upon request, the City shall subordinate this Agreement to any first deed of trust which Developer obtains for construction of the Project and the First Trust Deed Loans obtained by buyers to purchase their Moderate Income Units. However, any subordination agreement entered into by the City shall contain written commitments which the City finds are reasonably designed to protect the Affordable Regulatory Housing Agreement 8 13-59 City's interests in the event of default, such as any of the following: (a) a right of the City to cure a default on the loan prior to foreclosure, (b) a right of the City to negotiate with the lender after notice of default from the lender and prior to foreclosure, (c) an agreement that if prior to foreclosure of the loan, the City takes title to the property and cures the default on the loan, the lender will not exercise any right it may have to accelerate the loan by reason of the transfer of title to the City, and (d) a right of the City to acquire through foreclosure under the Silent Second Trust Deed the Moderate Income Unit from the buyer at any time after a material default on the loan. 6. - Additional Provisions Rellardinll The Real ProDertv 6.1. Condition of the Real ProDertv. The following provisions shall apply only during the period of time that Developer is developing and marketing the Project. 6.1.1. Developer shall prevent the release, by Developer or its contractors, into the environment of any Hazardous Materials which may be located in, on or under the Real Property. Such precautions shall include compliance with all Governmental Requirements with respect to Hazardous Materials. In addition, Developer shall install and utilize such equipment and implement and adhere to such procedures as are consistent with commercially reasonable standards as respects the disclosure, storage, use, removal and disposal of Hazardous Materials. 6.1.2. Developer shall indemnify, defend and hold the City, its elected officials, officers, agents, employees, representatives, and successors harmless from and against any claim, action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty, punitive damage, or expense (including, without limitation, reasonable attorneys'fees), resulting from, arising out of, or based upon Developer's or its contractor's (i) release, use, generation, discharge, storage or disposal of any Hazardous Materials on, under, in or about, orthe transportation of any such Hazardous Materials to or from, the Real Property, no matter when such claim, action, suit or proceeding is first asserted or begun and no matter how the Hazardous Materials came to be released, used, generated, discharged, stored or disposed of on, under, in or about, to or from the Real Property, or by whom or how they are discovered, or (Ii) violation, or alleged violation, of any statute, ordinance, order, rule, regulation, permit, judgment or license relating to the use, generation, release, discharge, storage, disposal or transportation of Hazardous Materials on, under, in or about, to or from, the Real Property. This indemnity shall include, without limitation, any damage, liability, fine, penalty, parallel indemnity after closing, cost or expense arising from or out of any claim, action, suit or proceeding, including injunctive, mandamus, equity or action at law, for personal injury (including sickness, disease or death), tangible or intangible property damage, compensation for lost wages, business income, profits or other economic loss, damage to the natural resource or the environment, nuisance, contamination, leak, spill, release or other adverse effect on the environment. Developer obligations under this indemnity shall survive the termination of this Agreement. 6.1.3. For purposes of this Agreement, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local governmental authority, San Diego County, the State of California, regional governmental authority, or the United States Government, including, but not limited to, any material or substance which is (i) defined as a "hazardous waste," "extremely hazardous waste," or "restricted hazardous waste" under Section 25115, 25117 or 25122.7, or listed pursuant to Section 25130 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law)), (ii) defined as a "hazardous substance" under Section 25316 of the California Health and Safety Code, Division Affordable Regulatory Housing Agreement 9 13-60 20, Chapter 6.8 (Carpenter-Presley-Tanner Hazardous Substance Account Act) , (iii) defined as a "hazardous material," "hazardous substance," or "hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (Iv) defined as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (v) petroleum, (vi) friable asbestos, (vii) polychlorinated byphenyls, (viii) methyl tertiary butyl ether, (ix) listed under Article 9 or defined as "hazardous" or "extremely hazardous" pursuant to Article 11 of Title 22 of the California Code of Re9ulations, Division 4, Chapter 20, (x) designated as "hazardous substances" pursuant to Section 311 of the Clean Water Act (33 U.S.C. Section 1317), (xi) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq. (42 U.S.C. Section 6903) or (xii) defined as "hazardous substances" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. Section 9601, et seq. 6.1.4. For purposes of this Agreement, "Governmental Requirements" means all laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State, the County of San Diego, the City, or any other political subdivision in which the Real Property is located, and of any other political subdivision or instrumentality exercising jurisdiction over the City, Developer or the Real Property. 6.2 Taxes. Assessments. Encumbrances. and Liens. Developer shall pay prior to delinquency all real estate taxes and assessments properly assessed and levied on portions of the Real Property which are owned by Developer. Nothing in this Agreement shall be deemed to prohibit Developer from contesting the validity or amounts of any tax, assessment, encumbrance, or lien, nor to limit the remedies available to Developer in respect thereto. 6.3 Hold Harmless. Developer agrees to indemnify, protect, defend and hold harmless the City, its elected officials, officers, agents, employees, representatives and successors, from and against any and all claims, damages, actions, costs, demands, expenses or liability, including without limitation, reasonable attorneys' fees and court costs, which may arise from the direct or indirect actions or inactions of Developer or those of its contractors, subcontractors, agents, employees or other persons acting on Developers' behalf which relate to the approval of the project, the approval of this agreement and associated documents, and the Developer's construction and marketing activities of the Real Property or Project. This hold harmless agreement applies, without limitation, to all damages and claims for damages suffered or alleged to have been suffered by reasons of the operations referred to in this section regardless of whether or not the City prepared, supplied or approved plans or specifications, or both, for the Real Property or Project. This indemnity by Developer, and all other indemnities set forth herein shall survive any foreclosure of the Real Property by the City pursuant to the terms of the Silent Second Trust Deed and the Term or earlier termination of this Agreement. 6.4 Obliaation to Refrain from Discrimination. There shall be no discrimination against, or segregation of, any persons, or group of persons, on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the enjoyment of the Real Property. Developer shall further comply with all the requirements of the Americans with Disabilities Act and the Americans with Disabilities Act Accessibility Guidelines (collectively, "ADA"). Affordable RegUlatory Housing Agreement 10 1 3- 61 6.5 Form of Nondiscrimination and Nonseoreoation Clauses. Developer shall refrain from restricting the sale of any portion of the Real Property, or contracts relating to the Real Property, on the basis of race, color, creed, religion, sex, marital status, ancestry, or national origin of any person and shall comply with all the requirements for the ADA. All such deeds, leases or contracts, shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses: 6.5.1 In deeds: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the land herein conveyed, nor shall the grantee himself, or any persons claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the land herein conveyed and further covenants that all such individuals and entities shall comply with all requirements of the Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines. The foregoing covenants shall run with the land." 6.5.2 In leases: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through him, and this lease is made and accepted upon and subject to the following conditions: 'That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the leasing, subleasing, transferring, use, occupancy, tenure, or enjoyment of the land herein leased, nor shall the lessee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the land herein lease and the lease shall be carried out in compliance with all requirements of the Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines.'" 6.5.3 In contracts: "There shall be no discrimination against or segregation of any persons or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the sale, lease, transfer, use, occupancy, tenure, or enjoyment of land, nor shall the transferee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of land and all such activities shall be conducted in compliance with all the requirements of the Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines." 7. - Escrow Documentation The City shall provide Developer with any revision it reasonably deems appropriate to the form Silent Affordable Regulatory Housing Agreement 11 13-62 Second Note or the Silent Second Trust Deed for the use in escrow for the sale of each Moderate Income Unit. The Silent Second Trust Deed shall be recorded with the County Recorder of San Diego County at close of escrow for the sale by Developer of each Moderate Income Unit, and each Silent Second Trust Deed shall legally describe the particular Moderate Income Unit it covers, using the same legal description as is used in Developer's deed to its buyer. Each Silent Second Trust Deed shall be consistent with and implement the terms of this Agreement. 8. - Breach 8.1. Breach bv Citv. If the City breaches any of its covenants contained in this Agreement, Developer will have available to it all legal and equitable remedies afforded by the laws of the State of Califomia. 8.2. Breach bv Develooer of Sale Price Limit Requirements. If, with respect to any Moderate Income Unit, Developer breaches this Agreement by charging higher sales prices than that herein permitted, Developer will, immediately upon the City's demand, (i) reduce the sales price to that permitted herein and (ii) refund to any buyers who theretofore paid such higher sales price the amount of the excess, together with interest hereon at the rate of ten percent (10%) per annum or the maximum legal rate, whichever is less, computed from the date(s) of payment of the excess by said buyers to the date of said refund. The provisions of this Section constitute a third-party beneficiary contract in favor of such buyers. Further, the City is hereby granted the power (but not the duty) to act as attorney-in-fact of such buyers in enforcing this section. 8.3. Breach bv Develooer of Sales Requirements. If, with respect to any Moderate Income Unit, Developer breaches this Agreement by selling to buyers who are not qualified by the City pursuant to Section 3.8, Developer will, immediately upon the City's written demand, and at Developer's sole cost, use its reasonable best and lawful efforts to terminate such sale or otherwise substitute an Unrestricted Unit in such sale. 8.4. Breach bv Develooer of other Requirements. If Developer breaches any of its covenants contained in this Agreement, the City shall have available to it all legal and equitable remedies afforded by the laws of the State of California. 8.5. Remedies Not Exclusive. The remedies set forth in this section are not exclusive, but are in addition to all legal or equitable remedies otherwise available to the City and Developer. 9. - Conflicts of Law 9.1 Conflict of Citv and State or Federal Laws. In the event that state or federal laws or regulations enacted after this Agreement has been entered into prevent or preclude compliance with one or more provisions of this Agreement the parties will: 9.1.1.1 Notice and Cooies: Provide the other party with written notice of such state or federal restriction, provide a copy of such regulation or policy and statement of conflict with the provisions of this Agreement. 9.1.1.2 Modification Conferences: The parties will, within 30 days, meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Affordable Regulatory Housing Agreement 12 13-63 9.1.1.3 City Council Hearinas. Thereafter, regardless of whether the parties reach an agreement on the effect of such federal or state law or regulation upon this Agreement, the matter will be scheduled for consideration by the governing board of the City Council. The City Council, at such meeting, will determine the exact modification or suspension which shall be necessitated by such federal or state law or regulation. Developer, at the meeting, will have the right to offer oral and written testimony. Any modification or suspension will be taken by the affirmative vote of not less than a majority of the authorized voting members of the governing board of the City Council. 9.1.1.4 Coooeration in Securina Permits. The City shall cooperate with Developer in the securing of any permits which may be required as a result of such modifications or suspensions. 10. - General Provisions 10.1 Severabilitv. The parties hereto agree that the provisions are severable. If any provision of this Agreement is held invalid, the remainder of this Agreement will be effective and will remain in full force and effect unless amended or modified by mutual written consent of the parties. 10.2 Entire Aareement. Waivers and Amendments. This Agreement, together with any other written document referred to or contemplated herein, embody the entire Agreement and understanding between the parties relating to the subject matter hereof. Neither this Agreement nor any provision hereof may be amended, modified, waived, cancelled or discharged except by an instrument in writing executed by the both parties 10.3 Caoacities of Parties. Each signatory and party hereto hereby warrants and represents to the other party that it has legal authority and capacity and direction from its principal to enter into this Agreement, and that all resolutions or other actions have been taken so as to enable it to enter into this Agreement. 10.4 Governina LawNenue. This Agreement shall be governed by and construed in accordance with the laws of the State of California. Any action arising under or relating to this Agreement shall be brought only in the Federal or State courts located in San Diego County, State of California, and if applicable, the City of Chula Vista, or as close thereto as possible. Venue for this Agreement, and performance hereunder, shall be the City of Chula Vista. 10.5 Assianment. Subject to the City's prior review and approval, which review and approval shall not be unreasonably withheld, the rights and obligations of Developer under this Agreement may be transferred or assigned and Developer may be released from such obligations upon such transfer or assignment, provided such transfer or assignment is made as a part of the conveyance of the fee of all or a portion of the Real Property. Any such transfer or assignment will be subject to the provisions of this Agreement. During the term of this Agreement, any such assignee or transferee will observe and perform all of the duties and obligations of Developer contained in this Agreement as such duties and obligations pertain to the portion of the Real Property so conveyed. Except as permitted below, transfers of any interest in the Developer entity shall constitute a prohibited transfer hereunder. Affordable Regulatory Housing Agreement 13 13-64 (i) Notwithstanding any other provisions of this Agreement to the contrary, City approval of an assignment of this Agreement or any interest herein shall not be required in connection with any of the following: (a) Any transfers among the principals of the Developer entities so long as the existing principals thereof shall be and remain in management control of the Developer entity with at least a fifty-one percent (51 %) ownership or beneficial interest in the DEVELOPER entity. (b) The granting of temporary or permanent easements or permits to governmental or quasi-governmental agencies to facilitate the development of the Property, or any component thereof. (i) City consent will be granted if: (a) the proposed assigneeltransferee expressly assumes, in writing, Developer's obligations hereunder as to times following the effective date of the assignment or transfer; (b) the proposed assignee/transferee has demonstrated to the reasonable satisfaction of City that such person or entity has adequate financial capacity to fulfill all obligations of this Agreement. 10.6 Enforcement. Unless amended or cancelled as provided in Section 10.2, this Agreement is enforceable by any party to it despite a change in the applicable general or specific plans, zoning, subdivision or building regulations adopted by the City which alter or amend the rules, regulations or policies governing permitted uses of the land, density and design. 10.7 Bindino Effect of Aoreement. The burdens of this Agreement bind and the benefits of this Agreement inure to the parties' successors or assignees in interest. 10.8 Notices. All notices, demands or requests provided for or permitted to be given pursuant to this Agreement must be in writing. All notices, demands or requests to be sent to any party shall be deemed to have been properly given or served if (i) personally served, or (ii) deposited in the United States mail, addressed to such party, postage prepaid, registered or certified, with return receipt requested, at the addresses identified herein as the places of business for each of the designated parties. City of Chula Vista DeveloDer Attn: Community Development Director Community Development Department WGA Orange Avenue, LP 276 Fourth Avenue 9252 Chesapeake Dr. Chula Vista, CA 91910 San Diego, CA 92123 With a CODV to: With a CODV to: Attn: City Attorney A party may change its address by giving notice in writing to the other party. Thereafter, notices, demands and requests shall be addressed and transmitted to the new address. Affordable Regulatory Housing Agreement 14 13-65 Signature Page to Follow Affordable Regulatory Housing Agreement 15 13-66 IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed as of the day and year first written above. "CITY" CITY OF CHULA VISTA, a municipal corporation of the State of California By: David R. Garcia, City Manager ATTEST: Susan Bigelow, City Clerk APPROVED AS TO FORM: Ann Moore, City Attorney "DEVELOPER" WGA ORANGE AVENUE, a California limited partnership By: ~~m'. ~ Its: V('e.~ dP"lf Date: "'1-Cl- ('"'), By: Name: Its: Date: Affordable Regulatory Housing Agreement 16 13-67 EXHIBIT A LEGAL PROPERTY DESCRIPTION All that certain real property situated in the City of Chula Vista, County of San Diego, State of California, described as follows: Parcel 1 of Parcel Map No. 15164, in the City of Chula Vista, County of San Diego, State of California, Filed in the office of the County Recorder of San Diego County, on February 29, 1988 as File No. 88-090173 of Official Records. EXHIBIT A 065550-0009 251465.3 doc 13-68 EXHIBIT B FORM OF SILENT SECOND NOTE EXHIBIT B 06~S50-0009 251465.3 doc 13-69 NOTICE: THIS NOTE MAY REQUIRE PAYMENT OF PRINCIPAL AND INTEREST UPON THE SALE OR TRANSFER OF THE PROPERTY OR UPON A PREPAYMENT. PROMISSORY NOTE SECURED BY DEED OF TRUST $ Amount 2006 Date [Insert Property Address] 1. Borrower's Promise to Pay. For value received, the undersigned, ("Borrower"), promises to pay to the City of Chula Vista ("City"), or order, the sum of ($) with interest accruing thereon as hereinafter provided, and payable as set forth below. It is understood that the City may transfer this Note. The lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note will be called the "Note Holder". 2. No Interest. This Note will bear no interest unless the Borrower defaults under the terms of this Note, the Deed of Trust securing it and/or the Covenants, Conditions and Restrictions affecting the Property. In the event of default, interest from the Date of this Note shall be calculated at: a) The rate equal to the interest rate of the senior trust deed or, in the event of no senior trust deed, b) The prevailing rate of the Prime Rate as published in the Wall Street Journal, on the date of default. 3. Payments and Term. The term of this Note extends for 30 years from the date of the Deed of Trust or until the Borrower sells, rents, refinances, transfers or changes the title of the property designated on the accompanying Deed of Trust, whichever occurs earlier. A transfer constitutes sold, or otherwise conveyed voluntary or involuntary, by operation of law or otherwise. No delay or omission on the part of the City shall operate as a waiver of such right of repayment or of any other right of this Note. The principal amount of this Note, together with the City's proportionate share of any appreciation as further defined, shall be due and payable on or before the date provided by the City in the Notice of Acceleration, which shall not be less than thirty (30) days, if all or any part of the Property or any interest in it is sold, rented, refinanced, conveyed, or transferred or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed, or transferred (or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed, or transferred and Borrower is not a natural person) (herein called "Transfer) without the prior written consent of the City, as further defined in Section 6 below. The City shall not exercise this right of acceleration if prohibited by federal law as of the date of the Deed of Trust or if the City has executed a separate written waiver of this option. All payments made under this Note shall be paid in Page 1 of5 13-70 Initials lawful money of the United States to the City of Chula Vista at 276 Fourth Avenue, Chula Vista, CA 91910, Attention: Community Development Department, Housing Division. 4. Market Value Appreciation. In addition to the principal amount of this Note, City shall recapture its proportionate share of any appreciation. iThe City's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the home at the time of initial sale. Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. "Improvements" shall be defined as any permanent improvement (I.e. fixed improvement that will remain with the property such as installation of hardwood floors) approved by the City in writing. The principal amount of the Note and proportionate share of any appreciation are immediately due and payable upon Transfer. A sample calculation is illustrated below: Initial Fair Market Sales Price $ Moderate Income Affordable Price $ City Share (Fair Market Price-Moderate Income Price) $ Percentaee Value of Citv Share 400,000 (280,000) 120,000 33.0% Re-Sale Price Assumed Initial 80rrower Downpayment and Improvement Costs $450,000 $16,000 Re-Sale Price-Initial Fair Market Price Appreciation $50,000 $34,000 TOTAL DUE TO CITY TOTAL DUE TO HOMEOWNER $ $ 131,220 318 780 5. Market Value Depreciation. If upon resale, the market value is lower than the initial sales price, then the Note amount shall be reduced by subtracting the current market value from the initial sales price. The resulting sum will then be subtracted from the Note amount. 6. Transfer. A transfer constitutes sold, or otherwise conveyed, voluntary or involuntary, by operation of law or otherwise. The following shall not constitute a Transfer, but require the prior written consent of the City: (a) A transfer of the Property from a deceased Borrower to the surviving spouse of the Borrower if the surviving spouse is also named as a Borrower; (b) A transfer of the Property by a Borrower to h is/her spouse pursuant to which the spouse becomes a co-owner of the Property; (c) A transfer of the Property resulting from a decree of dissolution of the marriage or legal separation or from a property settlement agreement incidental to such a decree which requires the Borrower to continue to make payments on the Note and by which a spouse who is already a Borrower becomes the sole owner of the Property; Page 2 of 5 13-71 Initials (d) A transfer of the Property to a Borrower to an inter-vivos trust in which the Borrower is the sole beneficiary; A transfer by means of encumbering the Property with a lien that is a junior lien to the lien securing the loan to Borrower evidenced by the Deed of Trust. (e) A conveyance by sale or otherwise, to a party which the City of Chula Vista City Manager, or his designee, determines meets all the requirements to be deemed a "Low Income Buyer" as defined in the "Affordable Housing Regulatory Agreement" filed for record with the County recorder of the San Diego County on , 2006 as Document No. 2006- 7. Prepayment. Borrower has the right to prepay the principal without incurring any penalty, apart from any interest that may be due under default provisions above. In the event that Borrower chooses to prepay the Note, Borrower must notify Note Holder in writing. If the property is not for sale or in escrow at the time of such notification, no equity share will be due. Only the full amount of the principal will be due to the City. If the property is for sale or in escrow at the time of notification, the Note will be part of the escrow and Borrower will incur appropriate equity share as an obligation. 8. Default Under Deed of Trust. Notwithstanding any other provisions of the Note, if default occurs in any of the covenants or agreements contained in the Deed of Trust securing this Note, this Note shall immediately become due and payable in full at the option of the City. In the event the City exercises such option, the amounts due and payable shall be the principal balance remaining on the Note and other amounts owing, together with accrued but unpaid interest as described above. 9. Attorneys' Fees. Should suit be commenced to collect on this Note, or any portion thereof, such sum as the court may deem reasonable shall be added hereto as attorneys' fees. 10. Time. Time is of the essence herein. 11. Amendments. This Note may not be modified or amended except by an instrument in writing expressing such intention and signed by an authorized representative of the City and Borrower. 12.Severability. If any term or provIsion hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity and binding effect of the remainder of this Note upon the parties. 13.Borrower's Waivers. Borrower waives any rights to require the City to perform certain acts. Those acts are: (a) To demand payment of amounts due (known as "presentment"). (b) To give notice that amounts due have not been paid (known as "notice of dishonor"). Page 3 015 13-72 Initials (c) To obtain an official certification of non-payment (known as "protest"). 14. GivinJ: of Notices. Any notice that must be given to Borrower under this Note will be given by delivering it or by mailing it first class mail or by certified mail, return receipt requested, addressed to Borrower at the address set forth above. A notice that must be given to the City under this Note will be given by mailing it certified mail, return receipt request, to the City at the address stated in Section 3 above. Any party may change its address by a notice given to the other party in the manner set forth in this Section. 15. Joint and Several Responsibility. If more than one person executes this Note, each is fully and personally obligated to pay the full amount owed and to keep all promises in this Note. Page 4 of5 13-73 Initials Date: NOTICE TO BORROWER Do not sign this Note if it contains blank spaces. All spaces should be completed before you sign. Borrower's Name Borrower's Name Page 5 015 13-74 Initials EXHIBIT C FORM OF SILENT SECOND TRUST DEED EXHIBIT C 13-75 065550-0009 251465.3 doc WHEN RECORDED PLEASE MAil TO: C11Y OF CHULA VISTA Community Development Department Housing Division 276 Fourth Avenue Chula Vista, CA 91910 THI RE ER' DEED OF TRUST THIS DEED OF TRUST, is made this day of . 200_, among the Trustor(s), . a (herein "Borrower"), and the City of Chula Vista (herein "Beneficiary") a public body, corporate and politic, whose address is 276 Fourth Avenue, Chula Vista, CA 91910. BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the City of Chula Vista, County of San Diego, State of California [which has the address of property address here (herein "Property Address")]: SEE EXHIBIT "A" ATTACHED HERETO FOR lEGAL DESCRIPTION Said Deed of Trust is second and subsequent in lien to a First Deed of Trust recording concurrently herewith in favor of the first lien holder, xxx, a California Corporation in the amount of ~ and DOlt 00 Dollars; TOGETHER with all the improvements now and hereafter erected on the Property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to the Beneficiary to collect and apply such rents), all of which shall be deemed to be and remain part of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property"; TO SECURE to the Beneficiary the repayment of the indebtedness evidenced by Borrower's promissory note, dated , 200_ and extensions and renewals thereof (herein "Note"), in the principal sum of xxx and 00/'0 Dollars ($xxx), if not sooner paid, is due and payable 30 years from the date of this Deed of Trust. If all or any part of the Property or any interest in the property is sold, rented, refinanced, conveyed or transferred, (each of which is called a "Transfer") without the prior written consent of Beneficiary the Note shall become due and payable immediately. Upon resale Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. City shall recapture its proportionate share of any appreciation, which is equal to the percentage by which the initial sales price of the moderate Pagelofl3 Initials 13-76 income unit was less than the fair market value of the home at the initial time of sale. This recapture provision shall be more fully explained in the related Promissory Note. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property, and that the Borrower's subject property is unencumbered except for encumbrances of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS Borrower and Beneficiary covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note. If payment of the indebtedness is required due to a Sale of the Property where the purchase price is equal to or less than the Acquisition Cost of the Property, assuming an open and competitive sale, then repayment shall be made in the following order and amount: (a) Outstanding principal and interest balance of the primary lender's loan; (b) Borrower's initial down-payment investment and normal cost of sale; (c) Borrower's value of any permanent improvements approved by the City; (d) Accrued simple interest on the principal amount of the Beneficiary's loan at the interest rate and the terms contained in the Promissory Note; (e) The principal amount of the Beneficiary's loan; and (f) Any remainder to borrower. 2. Market Value Appreciation/Depreciation. In addition to the principal amount of this Note, City shall recapture City's proportionate share of any appreciation. The City's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the home at the time of initial sale. Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. "Improvements" shall be defined as any permanent improvement (i.e. fixed improvement that will remain with the property such as installation of hardwood floors) approved by the City in writing. The principal amount of the Note and proportionate share of any appreciation are immediately due and payable upon Transfer. If upon resale, the market value is lower than the initial market value, then the Note amount shall be reduced by subtracting the current market value from the initial sales price. The resulting sum will then be subtracted from the Note amount. Page 2 of 13 Initials 13-77 3. Funds for Taxes and Insurance. To protect the security of the Deed of Trust, Trustor agrees to pay, at least ten (10) days before delinquency, all taxes and assessments affecting said property: when due, all encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto: and all costs, fees and expenses of this Deed of Trust. Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary, without obligation to do so and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may make or do the same in such manner and to such extent as either may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes: appear in and defend any action or proceeding purporting to affect the security hereof or the rights powers of Beneficiary or Trustee; pay, purchase, contest or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto: and, in exercising any such powers, pay necessary expenses, employ counsel and pay hislher reasonable fees. 4. Application of Payments. Unless applicable law provides otherwise, all payments received by Beneficiary under section 1 and 2 shall be applied; first, to any prepayment charges due under the Note; second, to amounts payable under section 2: third, to interest due; fourth, to principal due: and last, to any late charges due under the Note. 5. Prior Mor1llalles and Deeds of Trust; Charlles; Liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all taxes, assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. 6. Hazard Insurance. Borrower shall keep the improvement(s) now existing or hereinafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Beneficiary may require and in such amounts and for such periods as Beneficiary may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Beneficiary; provided, .that such approval will not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to Beneficiary and shall include a standard mortgage clause in favor of and in a form acceptable to Beneficiary. Beneficiary has the right to hold the pol icies and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made promptly by Borrower. If Property is abandoned by Borrower, or if Borrower fails to respond to Beneficiary within 30 days from the date notice is mailed by Beneficiary to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Beneficiary is authorized to collect and apply the insurance proceeds at Beneficiary's option either to "restoration or repair of the Property or to the sums secured by this Deed of Trust. Page 3 of 13 Initials 13-78 7. Preservation and Maintenance of Property, Condominium, Cooperatives, Planned Unit Developments. Borrower will keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall maintain property including the principle house, garage, and out buildings as well as lawn maintenance, and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants, conditions and restrictions, creating or governing the condominium, planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. 8. Protection of Beneficiary Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commenced which materially affects Beneficiary's interest in the Property, then Beneficiary, at Beneficiary's option, upon notice to Borrower, may make such appearances, disburse such sums including reasonable attorneys' fees, and take such action as is necessary to protect Beneficiary's interest. If Beneficiary required mortgage insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and Beneficiary's written agreement or applicable law. Any amounts disbursed by Beneficiary pursuant to this Paragraph, with interest thereon, at the original Note rate, will become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Beneficiary agree to other terms of payment, such amounts will be payable upon notice from Beneficiary to Borrower requesting payment thereof. Nothing contained in this Paragraph will require Beneficiary to incur any expense or take any action hereunder. 9. Inspection. Beneficiary may make or cause to be made reasonable entries upon and inspections of the Property, provided that Beneficiary will give the Borrower notice prior to any such inspection specifying reasonable cause therefor related to Beneficiary's interest in the Property . 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Beneficiary subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. 11. Borrower Not Released; Forbearance by Beneficiary Not a Waiver. Extension of the time for payment or modification of payment of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Beneficiary shall not be required to commence proceedings against such successor or to extend time for payment or otherwise modify payment of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. Any forbearance by Beneficiary in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. 12. Successors and AssiKns Bound, Joint and Several liability; Co-siKners. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective Page 4 of 13 Initials 13-79 successors and assigns of Beneficiary and Borrower, subject to the provisions of Paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note: (a) Is co-signing this Deed of Trust only to grant and convey that Borrower's interest in the Property to Trustee under the terms of this Deed of Trust, (b) Is not personally liable on the Note or under this Deed of Trust, and (c) Agrees that the Beneficiary and any other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower's interest in the Property. 13. Notice. Except for any notice required under applicable law to be given in another manner, any notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail, addressed to Borrower at the Property address or such other address as Borrower may designate by notice to Beneficiary as provided herein, and (a) Any notice to Beneficiary will be given by certified mail, return receipt requested, to Beneficiary address stated herein or to such other address as Beneficiary may designate by notice to Borrower as provided herein. (b) Any Notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Beneficiary when given in the manner designated herein. 14. Governinlllaw, Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of Federal law to this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As used herein, "costs", "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited herein. 15. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and this Deed of Trust at the time of execution or after recordation hereof. 16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold, rented, refinanced, conveyed or transferred (or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed or transferred and Borrower is not a natural person), the loan shall become immediately due and payable, unless approved by the City in accordance with the provisions below. The following shall not constitute a Transfer: (a) A transfer of the Property from a deceased Borrower to the surviving spouse of Borrower if the surviving spouse is also named as a Borrower; Page S of 13 Initials 13-80 (b) A transfer of the Property by Borrower to his/her spouse pursuant to which the spouse becomes a co-owner of the Property; (c) A transfer of the Property resulting from a decree of dissolution of the marriage or legal separation or from a property settlement agreement incidental to such a decree which requires Borrower to continue to make payments on the Note and by which a spouse who is already a Borrower becomes the sole owner of the Property; (d) A transfer of the Property by Borrower to an inter-vivos trust in which Borrower is the sole beneficiary and which is done for estate planning purposes only and does not result in any change in possession of the Property; (e) A refinancing to which Beneficiary under this Deed of Trust is obligated to subordinate this Deed of Trust; and (f) A refinancing which does not result in cash excess paid to Borrower or which is used for debt consolidation, equity line of credit or similar purposes. (g) A conveyance by sale or otherwise, to a party which the City of Chula Vista City Manager, or his designee, determines meets all the requirements to be deemed a "Moderate Income Buyer" as defined in the "Affordable Housing Regulatory Agreement" filed for record with the County recorder of the San Diego County on , 2007 as Document No. 2007- Provided that Borrower is not in default under the terms of the Note or this Deed of Trust, no interest shall accrue under the Note. Nothing contained in this Paragraph or Section 8 of the Note shall be construed as a promise by Beneficiary to forgive or relinquish the right to seek repayment of the principal of the Note. NON-UNIFORM COVENANTS Borrower and Beneficiary further covenant and agree as follows: 17. Acceleration, Remedies. Upon Borrower's breach of any covenant or agreement of Borrower in this Deed of Trust, including the covenants to pay when due any sums secured by this Deed of Trust, and those contained in paragraph 17 hereof, the Beneficiary, prior to acceleration, shall give notice to Borrower as provided in Paragraph 12 hereof specifying: (a) The breach; (b) The action required to cure such breach; Page 6 of 13 Initials 13-81 (c) A date, not less than 10 days from the date the notice is mai led to Borrower, by which such breach must be cured; and (d) That failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Deed of Trust and sale of the Properly . The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other defense of Borrower to acceleration of sale. If the breach is not cured on or before the date specified in the notice, Beneficiary, at Beneficiary's option, may declare all of the sums secured by this Deed of Trust to be immediately due and payable without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Beneficiary shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided. in this Paragraph 17, including, but not limited to, reasonable attorneys' fees. If Beneficiary invokes power of sale, Beneficiary shall execute or cause Trustee to execute a written notice of the occurrence of an event of default and of Beneficiary's election to cause the Property to be sold and shall cause such notice to be recorded in each county in which the Property or some part thereof is located. Beneficiary or Trustee shall mail copies of such notice in the manner prescribed by applicable law. Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. After the lapse of such time as may be required by applicable law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in such order as Trustee may determine. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Beneficiary or Beneficiary's designee may purchase the Property at any sale. Trustee shall deliver to the purchaser Trustee's deed conveying the Property so sold without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) To all reasonable costs and expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees and costs of title evidence; (b) To all sums secured by this Deed of Trust; and c) The excess, if any, to the person or persons legally entitled thereto. 18. Borrower's Ri~ht to Reinstate. Not withstanding Beneficiary's acceleration of the sums secured by this Deed of Trust due to Borrower's breach, Borrower shall have the right to have any proceedings begun by Beneficiary to enforce this Deed of Trust discontinued at any time prior to five days before sale of the Property pursuant to the power of sale contained in this Deed of Trust or at any time prior to entry of a judgment enforcing this Deed of Trust if: (a) Borrower pays Beneficiary all sums, which would be then due under this Deed of Trust, and the Note, had no acceleration occurred; Page7of13 Initials 13-82 (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in the Deed of Trust; (c) Borrower pays all reasonable expenses incurred by Beneficiary and Trustee in enforcing the covenants and agreements of Borrower contained in this Deed of Trust, and in enforcing Beneficiary's and Trustee's remedies as provided in Paragraph 1B hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as Beneficiary may reasonably require to assure that the lien of this Deed of Trust, Beneficiary's interest in the Property and Borrower's obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. Upon such payment and cure by Borrower, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 19. AssiKnment of Rents; Appointment of Receiver; Beneficiary in Possession. As additional security hereunder, Borrower hereby assigns to Beneficiary the rents of the Property, provided that Borrower shall, prior to any default by Borrower in payment of any indebtedness secured hereby or in performance of any agreement hereunder, have the right to collect and retain such rents as they become due and payable. . Upon any such default, the Beneficiary, in person, by agent or by judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the property including those past due. All rents collected by Beneficiary or the receiver shall be appl ied first to payment of the cost of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Deed of Trust. Beneficiary and the receiver shall be liable to account only for those rents actually received. The entering upon and taking possession of said property and the collection of such rents and the application thereof as aforesaid shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. 20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Beneficiary shall request Trustee to reconvey the Property an<;l will surrender this Deed of Trust and all Notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. 21. Substitute Trustee. The Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time appoint a successor trustee to any Trustee appointed hereunder by an instrument executed and acknowledged by Beneficiary and recorded in the office of the Recorder of the county where the Property is located. The instrument shall contain the name of the original Lender, Trustee and Borrower, the book and page where this Instrument is recorded and the name and address of the successor trustee. The successor trustee shall, without conveyance of the Property, succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law. This procedure for substitution of trustee shall govern to the exclusion of all other provisions for substitution. PageBof13 Initials 13-83 22. Request for Notices. Borrower requests that copies of the Notice of Default and Notice of Sale be sent to Borrower's address, which is the Property Address. Beneficiary requests that copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust be sent to Beneficiary's address, as set forth on Page One of this Deed of Trust as provided by Section 2924b of the Civil Code of California. 23. Fee for Requested Statements. The Beneficiary may charge a fee not to exceed Sixty Dollars ($60.00) for furnishing the statement of obligation as provided in Section 2943 of the Civil Code of California. 24. Deed of Trust Rider. The Deed of Trust Rider executed by Borrower is attached and made part of th is Deed of Trust. 25. Covenants, Conditions and Restrictions. The Property is subject to Covenants, Conditions and Restrictions ("Restrictions") between the Beneficiary and the Borrower, that are not attached hereto but are incorporated by reference. Borrower acknowledges receipt of said Restrictions and agrees for him/her self/ his/her heirs, successors and assigns to be bound by the same. 26. Warranties of Borrower. Borrower warrants to City that: (a) Borrower is a first-time homebuyer; that is, s/he has not owned a home, or had any ownership interest in a home within a three-year (3 year) period immediately preceding the date of this Deed of Trust, and (b) That Borrower's annual gross income does not exceed eighty percent (80%) of the median income for the San Diego metropolitan area, as adjusted for family size, as said median income is determined by the U.S. Department of Housing and Urban Development (HUD), on the latter of: 1. The date of initial application to the City; or 2. The date of the recordation of this Deed of Trust. (c) That for so long as Borrower owns the Property, Borrower will reside in the Property as Borrower's principal place of residence. Borrower agrees not to sublet, lease or rent out the Property during the term of this Deed of Trust. 27. Subordination. The Beneficiary and Borrower acknowledge and agree that this Deed of Trust is subject to and will subordinate in all respects to the liens, terms, covenants and conditions of the First Trust Deed and to all advances heretofore made or which may be hereafter be made pursuant to the First Trust Deed including all sums advanced for the purpose of: (a) Protecting or further securing the lien of the First Trust Deed, curing defaults by the Borrower under the First Trust Deed or for any other purpose expressly permitted by the First Trust Deed, and (b) Constructing, renovating, repairing, furnishing, fixturing or equipping the Property. Page 9 of 13 Initials 13-84 The terms and provisions of the First Trust Deed are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith. In the event of a foreclosure of deed in lieu of foreclosure of the First Trust Deed, any provisions herein or any provision in any other collateral agreement restricting the use of the Property to low or moderate income households or otherwise restricting the Borrower's ability to sell the Property shall have no further force or effect on subsequent owners or purchasers of the Property. Any person, including his/her successors or assigns (other than the Borrower or a related entity of the Borrower), receiving title to the Property through a foreclosure or deed in lieu of foreclosure of the First Trust Deed shall receive title to the property free and clear from such restrictions. Further, if the Primary Lender acquires title to the Property pursuant to a deed in lieu of foreclosure, the lien of this Deed of Trust shall automatically terminate upon the Primary Lender's acquisition of title, provided that: (a) The Beneficiary has been given written notice of a default under the First Trust Deed, and (b) The Beneficiary shall not have cured the default under the First Trust Deed, or diligently pursued curing the default as determined by the Primary Lender, within the 60-day period provided in such notice sent to the Beneficiary. The Beneficiary and Borrower further acknowledge and agree that this Deed of Trust will only subordinate for a rate and term refinance of the First Trust Deed at the discretion of the Beneficiary and shall not be subject to subordination for a cash out refinance, equity line of credit or any other such form of refinance as deemed inappropriate by the Beneficiary. 28. Funds for Taxes and Insurance. The Beneficiary will waive collection of impounds for taxes and assessments (including condominium, planned unit development and planned residential development assessments, if any). Borrower will make all payments for impounds to First Trust Deed holder. 29. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] o Transfer Rider o 1-4 Family Rider o Other(s) [specify]: o Condominium Rider o PU D Rider BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Page 10 of 13 Initials 13-85 ACKNOWLEDGMENT: State of California County of San Diego On before me, , Notary, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature: DO NOT RECORD THIS PAGE Page" of 13 Initials 13-86 REQUEST FOR RECONVEYANCE TO TRUSTEE: The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally entitled thereto. Dated: DO NOT LOSE OR DESTROY THIS DEED OF TRUST OR THE NOTE WHICH IT SECURES. BOTH MUST BE DElIVERED TO THE TRUSTEE FOR CANCELLATION BEFORE RECONVEYANCE WILL BE MADE. Page12ofl3 Initials 13-87 EXHIBIT NAN LEGAL DESCRIPTION Page 13 of 13 Initials 13-88 EXHIBIT D FORM OF SUPPLEMENTAL BUYER APPLICATION EXHmIT D 13-89 065550-0009 251465.3 doc SCHEDULE 1 LIST OF MARKET RATE PRICES SCHEDULE 1 065550-0009 251465.3 doc 13-90 caurorrua Laws: Uove=ent Code> ::iectlOn 65915-6591 g Page 1 of7 . ~ ::> Cafifornia Laws ,. Government Code,. Section 65915-65918 {Caution1 CALIFORNIA GOVERNMENT CODE . 65915. (a) When an applicant seeks a density bonus for a housing development within, or for the donation of land for hOUSing within, the jurisdiction of a dty, county, or dty and county; that local govemment shall provide the applicant incentives or concessions fortlie production of housing'units and child care.fadlities as prescribed in this section. All cities, counties, or dties and counties shall adopt an ordinance that spedfies how compLiance with this section wilt be implemen1;ed.' , (b) (1) A dty, county, or dty and county shall grant one density bonus, the amount of which shall be as spedfied in subdivision (g), and incentlves or concessions, as described in subdivision (d), whim an aPplicant for a housing development seeks and agrees to constrljct a housing development, excluding any units permitted by the density bonus awarded pursuant to this s,dion, that will contain at least anyone of the following:' (A) Ten percent of the total units of a housing development for lower income households, as defined in Section 50079.5 of the Health and Safety Code; (B) FIVe percent of the total units" of a housing development for very low income households, as defined in Section 50105 of the Health and Safety Code. . (C) A seniardtizen housing development as defined in Sections 51.3 and 51.12 of the Civil Code, or ' md~ilehome park that limits residency based on age requirements for housing for older persons pUrouant to . Section 798.76 or 799.5 of the Ciyil Code. . (D) Ten percent of the total dwelling units in a common interest development as defined in Section 1351 of- the Civil Code for persons and families of moderate income, as defined in Section 50093 of the Health and Safety Code, provided that all units in the development are offered to the public for purchase. . (2) For purposes of cal~ulating the amount of the density bonus pursuant to subdivision (f), the applicant who requests a density bonus pursuant to this subdivision shall elect whether the bonus shall be awarded on the basis of subparagraph (A), (B), (C), or (D) of paragraph (1). (c) (1) "An applicant shall agree to, and the city, county, or dty and county shall ensure, continued affordability of all low-and very low income units that qualified the applicant for the award of the density bonus , for 30 years or a longer period of time if required by the construction or mortgage'finandng assistance proilram, mortgage insurance program, or rental sUb?idy program. Rents for the lower income density bonus units shall be set at an affordable rent as defined in Section 50053 of the Health and Safety Code. o.wner-occupied units shalt be available at an affordable housing cost as defined in Section 50052.5 of the Health and Safety Code. . (2) An applicant shall agree to, and the dty, county, or dty and county shall ensure that, the initial occupant of the moderate-income units that are directly related to the receipt of the density bonus in the common interest development, as defined in Section 1351 of the Civil Code, are persons and families of moderate income, as defined in Section 50.093 of the Health and Safety Code, and that the units ar~ offered at an . affordable housing cost, as that cost is defined in Section 500.52.5 of the Health and safety Code. The'local government shall enforce an' equity-sharing agreement, unless it is in conflict 10th the requirements cif another public funding source or law. The following apply to the equity-sharing agreement: - (A) Upon resale, the seller of the unit shall retain the value of any improvements, the down payment, and the . . 13-91 ATTACHMENT 8 California Laws: Goveminent Code> Section 65915-6591 g Page 2 of7 seUer's proportionate share of appreciation. The local govemment shall recapture any initial subsidy and its proportionate share of appreciation, which shall then be used within three'years for any of the purposes described in subdivision (e) of Section 33334.2 of the Health and Safety Code that promote homeownership. (8) For purposes of this subdivision, the, local government's initial subsidy shall be equal to the fair market value of the home at the time of initial sale minus the initial sale price to the moderate-income household, plus the amount of any downpayjnent assistance or mortgage assistance. If upon resale the market value is lower than the initial market value, then the value at the time of the resale shall be used as the initial market value: (C) For purposes of this subdivision, the local government's proportionate share' of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the home at the time of,initial sale. (d) (1) An applicant for a density bonus pursuant to subdivision (b) may submit to a dty, county, or city and county a proposal for the specific. incentives or concessions that the applicant requests pursuant to this section, and may request a meeting with,the city, county, or city and county. The city, county, or city and county shall ' grant the concession or incentive requested by the applicant unless the city, county, or city and county makes a written finding, based'upon substantial evidence, of either of the following: (A} The concession or incentive is not required in order to provide for affordable hOUsing costs, as defined in Section 50051.5 of the Health and Safety Code, or for rents for the targeted units to be set as spedfied in ' subdMsion (c). ' , (8) The concession or incentive would have a specific adverse impact, as defined in par,lgraph (2) of subdivision (d) of Section 65589.5, upon public health and safety or the physical environment or on any real property that is listed in the Califomia Register of Historical.Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the development unaffordable to row- and moderate-income 'hous",holds. ' (2) The applicant shall receive the following number of incentives or concessions: (A) One incentive or concession for projects that indude at least 10 percent of the total units for lower income households, at least 5 percent for very low income households, or at least 10 percent for persons and families of moderate incQme in a common interest development. . (B) Two incentives or concessions for projects that include at least 20 percent of the total units for lower income households, at least 10 percent for very low income households, or at least 20 percent for persons and families of moderate income in a com,mon intere;t cjevelopment. (C) Three incentives or concessions for projects that include at least 30 percent" of the total units for lower income households, at least 15 percent for very low income households, or at least 30 percent for persons <lnd f~milies of moderate income in'a common interest development~ (3) The applicant may initiate judicial proceedings if the city, county, or city and county refuses to grant a requested density bonus, incentive, or concession. If a court finds that the refusal to grant a requested dimsity bonus, incentive, or concession is in violation of this section, the cour): shall award the plaintiff reasonable attomey's fees and costs of suit. Nothing in this subdivision shall be interpreted to require a local govemment to grant an incentive or concession that has a spedfic, adverse impact, as defined in paragraph (2) of subdivision (d) of Section 65589.5, upon health, safety, or the physical environment, and for which there is no feasible method to satisfactorily mitigate or avoid the spedfic adverse impact. Nothing in this subdivision shall be interpreted to require a local government to grant an incentive or concession that would have an adverse impaCt on any real property that is listed in the Califomia Register of Historical Resources. The city, county, Dr city and county shall establish procedures for carrying out this section, that shal! include legislative body approval of the means of compliance with this section. The city, county, or city and county shall also,establish procedures for waiving or, modifying development and zoning standards that would otherwise inhibit the utilization of the density bonus on specific sites. These procedures shall include, but not be limited 1;0, such items as minimum lot size, side yard setbacks, and placement pf public works improvements. (e) In no case may a city, county, or city and county apply any deVelopment standard that will have the effect of precluding the construction of a development meeting the criteria of subdivision (b) at the densities or with the concessions or incentives permitted by this section. An applicant may submit to a city, county, or city and county a proposal for the waiver or reduction of development standards and may request a meeting with the . city, county, or city and county. If a court finds that the refusal to grant a waiver or reduction of development standards is in violation of this section, the court shall award the plaintiff reasonable attomey's fees and costs of suit. Nothing in this subdivision shall be interpreted to require a local government to waive or reduce development standards if the waiver or reduction would have a specific, adverse impact, as defined in paragraph (2) of subdivisiDn (d) of Section 65589.5, upon health, safety, or the physical envir'inment, and fo~ which there is . 13":'92 California Laws: Gove=ent Code> Section 65915-65918 Page 3 of7 ; no feasible method to satisfactorily mitigate or avoid the specific adverse impact. Nothing in this subdivision shall be interpreted to require a local govemment to waive or reduce development standards that would have an adverse impact on any real property that is listed in the California Register of Historical Resources. (f) The applicant shall show that the waiver or modification is necessary to make the housing units economically feasible. (g) For the purposes of this chapter, "density bOnUS' meaflS a density increase over the otherwise maximum allowable residential density under the applicable zoning ordinance and land use element of the general plan as of the date of application by the applicant to the dty, county; or dty and county. The applicant 'may elect to accept a lesser percentage of density bonus. The amount of density bonus to which the applicant is entitled shall vary according to the amount by which the percentage of affordable housing units,exceeds the percentage established in subdivision (b). (1) For hOUsing developments meeting the criteria of subparagraph (A) of paragraph (1) of subdivision (b), the density bonus shall be calculated as follows: Percentage Low-Income Percentage Density Bonus Units 102011 21.512231324.514261527.51730.518321933.52035 (2) For housing developments meeting the criteria of subparagraph (B), of paragraph (1) of subdivision (b), the density bonus shall be calculated as follows: percentage Very Low Percentage Density Bonus Income Units 5 20 6 22.5725827.59301032.51135 , (3) For housing developments meeting the criteria of subparagraph (C) of paragraph (i) of subdivision (b), the density bonus shall be 20 percent. (4) For housing developments meeting the criteria of subparagraph (D) of paragraph (1) of subdivision (b), the density bonus shall be calculated as follows: Percentage Moderate- Percentage Density Bonus Income Units 10 5 1161271381491510161117121813191420152116221723182419 25 20262127221823292430 25 31,26322733 28 34 29 35 30 36 31 373238 33 393440 35 (5) All density calculations resulting in fra~onal units shall be rounded up to the next whole number. The granting of a density bonus shall not be interpreted, in and of itself, to require a general plan amendment, local coastal plan amendment, zoning change, or other discretionary approval. As used in subdivision (b), "total units' or "total dwelling units" does not indude units permitted by a density bonus awarded pursuant to this section or any local law granting a greater density bonus. The density bonus provided by this s~on shall apply to housing developments consisting of five or more dwelling units. ' (h) (1) When an applicant for a tentative ~ubdivision map, parc;el map, or othe,r residential d~velopment approval donates land to a city, county, or dty and county as provided for in this subdivision, the applic'ant shat! be entitled to a ,15-percent increase above the otherwise maximum allowable residential density under the applicable zoning ordinance and'land use element of the general plan for the entire development, as follows: Percentage Very Low Percentage Densfty Bonus Income 10 15 111(, 12 1713 18 141915201621 17 22 18 2319 24201521 2(, 22 27 23,282429253026 31 27322833 29 34 30 35 (2) This increase shall qe in addition 'to any increase in density mandated by subdivision (b), up to a maximum combined mandated density increase of 35 percent if an applicant seeks both the increase required pursuant to this subdivision and subdivision (b). All density calculations resulting in fractional units shall be rounded up to the next whole number. Nothing in this subdivision shall be construed to enlarge Dr diminish the authority of a city, county) or dty and county to require a dev.eloper to donate 'land as a condition of development. An applicant shall be eligible for the increased density bonus described in this subdivision if all of the following conqitions are met: (A) The applicant donates and tranSFers the land no later than the date of approval of the final subdivision L map, parcel map, or residential development application. (8) The developable acreage and zoning classification of the land being transferred are sufficient to permit' construction of units affordable to very low income households in an amount not less than 10, percent of the number of residential units of the proposed development. (C) The transferred land is at least one acre in size or of suffident size to pel'T11it development of at least 40 , units, has the appropriate general plan designation, is appropriately zoned for deyelopment as affordable housing, and is or will be served by adequate public fadlities and infrastructure. The land shall have appropriate zoning and development standards to make the deve10pment of the affordable units feasible. No later than the date of approval of the final subdivision map, parcel map, or of the residential development, the transferred land shall have all of the permits and approvals, other than building permits, necessary for'the development of the very low income housing units on the transferred land, except that the local government may subject the proposed development to subsequent design review to the extent authorized by subdivision (i) of Section 65583.2 , , . . 13-93 Calif"{)rIDa Laws: Gove=ent Code> Section 65915-65918 Page 4 on if the design is not reviewed by the local government prior to the time of traJisfer. (D) The transferred land and the affordable units shall be subject to a deed restriction ensuring continued affordability of the units consistent with paragraphs (1) and (2) of subdivision (c), which shall be recorded on the property at the time of dedication. (E) The land is transferred to the local agency or tb a housing developer approved by the local agency. The local agency may require the applicant to identify and transfer the land to the developer. ' (F) The transferred land shall be within the boundary of the proposed development or, if the local agency " agrees, within one-quarter mile of the boundary of the proposed development. (i) (1) When an applicant proposes to construct a housing development that conforms to the requirements of' subdivision (b) and includes a child care fadlity that will be located on the premises of, as part of, or adjacent to, the project, the dty, county, or dty and county shall grant either of the following: (A) An additional density bonus that is an amount of square feet'of residential space that is equal to or greater than the amount of square feet in the child care fadlity. (B) An additional concession or incentive that contributes significantly to the economic feasibility of the construction of the child care fadljty. (2) The dty, county, or dty and county shall require, as a condition of approving the housing development, that the following occur: (A) The child care fadlity shall remain in operation for a period of time that is as long as or longer than the period of time during which the density bonus units are required to remain affordable pursuant to subdivision ~). ' , ,(B) Of the children who attend the child care fadlitj, the children of very low income households, lower income households, or families of moderate income shall equal a percentage that is equal to or greater than the percentage of dweWng units that are required for very low income households, lower income households, or families of moderate income pursuant to subdivision (b). (3) Notwithstanding any requirement of this subcfTYision, a dty, county, ,or a city anc! county shall not be required to provide a density bonus or concession for a child care fadlity if it finds, based upon substantial evidence, that the community has adequate child care facilities. (4) "Child care fadlity," as used in this section, means a child day care fadlity other than a family day care home, including, but. not limited to, infant centers, preschools, extended day care fadllties, and schoolage child c~re centers. . (j) "Housing development," as used in this section, means one or more groups of projects for residential units constructed in the planned development of a City, county, or dty and c;:ounty. For the purposes of this section, "housing development" also ihcludes a subdivision or common interest development, as defined in Section 1351 of the Civil Code, approved by a city, county, or dty and county anc;! ,onsists of residential units or unimproved residentia[lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabiUtation would be a net increase in available residential units.' For the purpose of calculating a density bonus, the r~sidential units do not have to be based upon individual' subdivision maps or p~rcels. The density bonus shall be permitted in geographic areas ofthe housing , development other than the areas where the units for the lower income households are located. (k) The granting of a concession or incentive shall not be interpreted, in and of itself, to require a general plan. amendment, local coastal plan amendment, zoning change~ or other-discretionary approvaL This provision is declaratory of existing law. ' (l) For the purposes of this chapter, concession or incentive means any of the' following: , (1) A reduction in site development stand~rds or a modification of zoning code requiref1)e'nts or architectural design requirements that exceed the minimum building standards approved by the California Building Standards CommissioQ as provided in Part 2.5 (commendng with Section 18901) of Division 13 ofthe Health and Safety, " Code, including, but not limited to, a reduction in setback and square footage requirements and in the ratio of vehicular parking spaces that would otherwise be required that results in identifiable, financially sufficient, and actual cost reductions. (2) Approval of mixed use zoning in conjunction with the housing project'if commerdal, office, industrial, or other land uses will reduce the cost of the housing development and if the commerdal, office, industrial, or other land uses are compatible with the housing project and the existing or planned development in the area where the proposed housing project will be located, . . 13-94 Cal:lIOIDla Laws: Uove=ent eDGe> ::ieCLlon tJ);JlJ-tJ);JlO .l:'age ) ot"j .' (3) Other regulatory incentives or concessions proposed by the developer or the city, county, or city and county that result in identifiable, financially sufficient, and actual cost reductions. This subdivision does not limit or require the provision of direct financial incentives for the housing development, including the provision of publicly owned land, by ~he city, county, or city and county, or the waiver of fees or dedication requirements. (m) Nothing in this section shall be construed to sypersede or in any way alter or lessen the effect or application of the California Cqastal Act (Division 20 (commencing with Section 30000) of the Public Resources Code. . (n) Nothing in this section shall be construed to prohibit a city, county, or city and county from granting a density bonus greater than what is described in this section for a development that meets the requirements of this section or from granting a proportionately lower density bonus than what is required by this section for developments that do not meet the requirements of this section. (0) For purposes of this section, the following definitions shall apply: (1) "Dev~lopment standard" includes site or construction conditions that apply to a residential development pursuant to any ordinance, general plan element, specific plan, charter amendment, or other local condition, law, policy, resolution, or regulation. (2) "Maximum allowable residential density" means the density allowed under the zoning ordinance, or jf a range of density is permitted, means the maximum allowable density for the specific zoning range applicable to the project. (p) (1) Upon the request of the developer, no city, county, or city and county shall require a.vehicular parking ratio, inclusive of handkapp.ed and guest parking, of a development meeting the criteria of subdivision (b), that exceeds the following ratios: .(A) 2ero to one bedrooms: one onsite parking space. . (8) Two to three bedrooms: two onsite parking spaces. (C) Four and more bedrooms: two and one-half parking spaces. (2) If the total number of parking spaces required for a development is other than a whole number, the number shall be rounded up to the next whole number. For purposes of this subdivision, a development may provide "onsite parking" through tandem parking or uncovered parking, but not through onstreet parking. (3) This subdivision shall apply to a development that meets the requirements of subdivision (b) but only at the request of the applicant. An applicant may request additional parking incentives or concessions beyond those provided in this section, subject to subdivision (d). 65915.5. (a) When an applicant for approval to convert apartments to a condominium proje!=1: agrees to provide at least 33 percent of the total units of the proposed condominium project to persons and families of low or moderate income as defined in' Section. 50093 of the Health and Safety Code, or 15 percent of the total units of the proposed condominium project to lower income households as defined in.5ection 50079.5 ofthe Health and Safety Code, and agrees to pay for the reasonably necessary administrative costs incurred bY a city, county, or city and county pursuant to this section, the city, county, or city and county shall either (1) grant a density bonus or (2) provide other incentiVes of equivalent financial value. A city, county, or city and county may place s.uch reasonable conditions on the granting of a density bonus or other incentives of equivalent financial value as it finds appropriate, including, but not limited to, conditions which assure continued affordability of units to subsequent purchasers Who are persons and families of low and moderate income or lower income households. (b) For purposes of this section, "density bonus" means an increase in units of 25 percent over the number of apartments, to be provided within the existing structure or structures proposed for conversion. (c) For purposes of this section, "other incentives of equivalent finandal value" shall not be construed to require a city, county, or city and county to provide cash transfer payments or other monetary compensation but may include the reduction or waiver of requirements which the city, county, or city and county might otherwise apply a, conditions of conversion approval. (d) An 'lPplicant for approval to convert apartments to a conqominium project may submit to a city, county, or city and county a preliminary proposal pursuant to this section prior to the submittal of any formal requests for subdivision map approvals. The city, county, or city and county shall, within 90 days of .teceipt of a written . proposal, notify the applicant if' writing of the manner in which 'it will comply with this section. The city, county, or city and county shall establish procedures for carrying out this section, which shall include legislative body approval of the means of compliance with this .section. (e) Nothing in this section shall be construed to require a city, county, or city and county to approve a propgsal to convert apartments to condominiums. (f) An applicant shall be ineligible for a density bonus or other incentives uncjer this section if the apartments . . 13-95 C~ 1ifomia Laws: Gove=ent Code> Section 65915-6591 g Page 60f7 proposed for conversion constitute a housing development for which a density bonus or other incentives were provided under Section - . 65915. 65916. Where there is a direct financial contribution to a housing development pursuant to Section 65915 through participation in cost of infrastructure, write-down of land costs, or subsidizing the cost of construction, the city, county, or city and county shall assure continued availability for low- and moderate-income units for 30 years. When appropriate, the agreement provided for in Section 65915 shall specify the mechanisms and procedures necessary to carry out this section. . 65917. In enacting this chapter it is the intent of the Legislature that the density bonus or other incentives offered by the city, county, or city and county pursuant to this chapter shall contribute significantly to the economic feasibility of lower income housing in proposed housing developments. In .the absence of an agreement by a developer in accordance with Section 65915, a locality shall not offer a density bonus or any other incentive that would undenmine the intent of this chapter. 65917.5. (a) As used in this section, the following terms.shall have the ~ollowing meanings: (1) "Child care facility" means a facility instal.led, operated, and maintained under this section for the nonresidential care of children as defined uncjer applicable state licensing requirements for the facility. (2) '"Density bonus' means a floor area ratio bonus over the otherwise maximum allowable density penmitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter. city, city and county, or county of: (A) A maximum of five square feet of floor area for each one square foot of floor area contained in the child care facility for existing structures. '(8) A maximum of 10 square feet of floor area for each one square foot of floor area contained in the child care facility for new structures. For purposes of calculating the density bonus under this section, both indoor and outdo,?r square footage requirements for the child "are facility as set forth in applicable state child care licensing requirements shal\ be included in the floor area of the child care facility. (3) '.Developer" means the owner or other person, including a lessee, having the right under the applicable zoning ordinance of a city council, including a charter city council; city and county board of supervisors, or county board of supervisors to make application for development approvals for the development or redevelopment of a commercial or industrial project. (4) "Roar area" means as to a commercial or industrial project, the floor area as calculated under the applicable zoning ordinance of a city council, inclUding a charter city council, city and county board of supervisors, or county board of supervisors and as to a child care facility, the total area contained within the .exterior walls of the facility and all outdoor areas devoted to the use of the facility in accordance with applicable state child care licensing requirements. (b) A city council, including a charter city council, city and county board of supervisors, or county board of . supervisors may establish a procedure by ordinance to grant a developer of a cO(TImercial or industrial project, containing at least 50,000 square feet of floor area, a density bonus when that developer has set aside at least 2,000 square feet of floor area and 3,000 outdoor square feet to be used for a child care .facility. The granting of a bonus shall not preclude a city council, including a charter city council, city and county board of supervisors, or. county board of supervisors from imposing necessary conditions on the project or on th.e additional square footage. Projects constructed under this section shall confonm to height, setback, lot coverage, architect~ral review, site plan review, fees, charges, and other health, safety, and zoning requirements generally applicable to construction in the zone in which the property is located. A consortium with more than one developer may be pemnitted to achieve the threshold amoun~ for the available .density bonus with each developer's density bonus equal to the percentage participation of the developer. This facility may be located on the project site or may be located offsite as agreed upon by the.developer and local agency. If the child care facility is not located on the site of the project, the local agency shall determine whether the location ofthe child care facility is appropriate and whether it confonms with the intent of this section. The child care facility shall be of a size to comply with all state licensing requirements in order to accommodate at least 40 children. [c) The developer may operate the child care facility itself or may contract with a licensed child care provider to operate the faCility. In all cases, the developer shall show ongoing coordination with a local child care resource and refenral network or local governmental child care coordinator in order to qualify for the density bonus. [d) If the developer uses space allocated for child care facility purposes, in accordance with subdivision [b), for any purposes other than for a child care facility, an assessment based on the sguare footage of the project . . . : 13-96 Calitornia Laws: Uove=ent Code> Section 65915-65918 Page 7 00 may be levied and collected by the city coun01, including a charter"city council, dty and county board of supervisors, or county board of supervisors. The assessment shall be consistent with the market value of the spac~. If th~ d~veloper fails to have the space allocated for the child care facility within thr~e years, from the date upon which the first temporary certificate of occupancy is granted, an ass~ssment based on the square footage of th~ project may be levied and coll~ct~d by the city council, including a ch'lrter city council, dty and county board of supervisors, qr county board of supervisors in accordance with procedures to be developed by the legislative body of the dty coundl, including a charter city coundl, city and county board of supervisors, or county board of supervisors. The assessment shall be consistent with the market value of the space. Any penalty"" levied against a consortium of developers sh,!ll be charged to each developer in an amount equal to the developer's percentage square feet participation. Funds collected pursuant to this subdivision shall be deposited by the city council, including a charter dty coundl, dty and county board of supervisors, or county board of supervisors into a spedal account to be used for childcare services 'or child care fadlities. (e) Once the child care fadlity has been established, prior to the dosure, change in use, or reduction in the physical size of, the facility, the dty, dty caundl, induding a charter dty coundl, city and county board of supervisors, or county board of supervisors shall iJe required to make a finding that the need for child care is no longer present, or is not present to the same degree as it was at the time the fadlity was established. (f) The requirements of Chapter 5 (commendng with Section 66000) and of the amendments made to Sections " 53077, 54997, and 54998, by Chapter 1002 of the Statutes of 1987 shall not apply to actions taken ih accordance with this section. . (g) This section shall not apply to a voter-approved ordinance adopted by referendum or initiative. 65918. The provisions of this chapter shall apply to charter dties. lmnortant Caution" ArOundTheCapitoLcom mirrors the infannation on.Califami?l,laws available on the state's public computer server. Laws change frequently) and thus what you see 011 the computer screen should not be reLied upon as legal advice. To be ~rtain. check in with a lawyer. AroundTheCapitol com is not liable for any rrnsinformation that users obtain from using this site. . . 13-97 . 12/25/2005 12: 25 .18582441145 MAJESTIC CO PAGE 04 ~\~ -.- ..... J Cl1Y Of CHUIA ViSTA & 8uilding Department P[~nning DivIsion. I Dev~lopm~nt !'roc~ss'ng - l' I a. n n i n g APPLICATION APPENDIX e Disclosure ShltBment Purslltlnt to Council PolIG}' 101'{)1, prior to an:' aoDon lipOn matters that wUl requ\fe discretlonary actlon by the Council, Planning C~mmfs"fan and all other official boe :es of iIle City, a statement of disclosure of certain ownershJp or financial interests, payments, or CM'1paign conltilmtiom for.a Clly of Chura VISta electron must be .filed. The foflowlng Information must be disclosed' 1. List Ih.. name. of al! per.on. havln9 a 1nancial interest in the property that Is the subj",ct of the application or the contract, e.g.. owner, applloant, conlra' lor, subcontractor, material supplier. 'fY\ p. (7) rf">. lIV', p ('.... \e.V\ l_C- (lJ6-.A ('J.r(".tv.<j~ h'''-''L>e- LP 2. If MY person' identified pumuantto (1: ebove Is a corporatlon or par1nership, list the namas ofalllndMduals WIth a $2000 invesbnent In thei business (ee -paraUon/partn'lrsl1lp) enlily. LVi \kJ. VV\. , .At6'~ V)"'I,~o-Wf1..\-;> l2q,<>-_V''tn ,^ Jr. 1'2. . 3. If any person" identified pun;uant to r) above I. a non.profit organiZatron or lltist, lIslthe names (If any person serving as dIrector af thEl non.proflt org mization or as lltistee or beneficiary or trustor of the trust. (\/()..... 4. Please identify eVery pen;on. inciudlng any agsnts. employees, consullBnts, or independent contractlllS yoU haVe assigned to rap_ent you before the C ty in this maller, A~hec:o.... -A! ~ ':).O('1j_ 5. Has any persan* associated lNi\h this contract had any linanrnel dealings. ~ off1clel" of the City' of Chula Vista as It relalas to this contract within (1]9 past 12 months. Yas_ Na . If Yes, briefly des<;ribe the nalure of th, financial interest the offlcla'" may have.in thfs contract. 6. Heve you made a conlnbutlon jIflnare .4$~50 wflhin the past twelve (12) mr:>nths .10 a currant member of the Chura VIsta Cfty CaunCl1.? No Y'.. Yes _Q1fy~, which Councll mem1>et? . ~b,_1 y/ ~~ ru.o! I ~. ""l"'''' rR"~"'- "..___.~ .....1 , .... ,'3'::9'g ATTACHMENT 9 12/26/2006 12:26 18582441146 MAJESTIC CO PAGE 05 : Planning & Building . PlannIng DivisiOn I Department Development Pro~esslng . 01Y OF OiUlA VJSrA APPLICATION APPENDIX B DIsclosure Sta~ement - Pa~e 2 7. Have you provided more !hen $340 (or 1I1 item of eQl,lfvaient vall1e) to an official- of the Cllyof Chula \!lsls In !he past tw~va (12) }l'IOn1tl~1 (ThIs InclUdE' baing a source of income, money to ",tire a legar debt, gift, loan, etc,.} Y",,_ NO-L If Yes, Which offlclal- and what waslhe rature of item provided? Date: IYrl.Af r _V\ '3 I :;:ltn'"i";j-- Signature of C9n PrInlor . type name of Con Pe=n 1s defined as: .any lndl\lldual, firm, ClO-f!arinership, Joint ventura, association, social club, fraternal organlmtlon, corporation, eslatEl, trust, receiver, !lyndi<;ate, any ofher county, city, munIcipality, dislrlct, or othel" political SQbdivlsipn, -or any olhergrt!l1p or combInation acting as a unit. OflIctal Includes, but is not limited to: Mayor, CouncR member; Planning Commissioner, Member of a boaril, COIl'Imfsslol'l, orcorlimlttee oflhe Clly,.. "ployee, or stall'membel'$.' .. .,'7~ Fnlrrth AvpnllF< I rh"ll:I V;"t-" I r"I~..t...~...:... I 010.,n 13-99 tl: ~ n\ .en1 :"1 n1 - - --.-.------.--.---- -----_._--_.~---~-------_.- RESOLUTION NO. 2007- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AND ESTABLISHING CONDITIONS OF A TENTATIVE SUBDMSION MAP TO DMDE INTEREST IN 3.48 ACRES AT 307 ORANGE AVENUE FOR A ONE-LOT CONDOMINIUM CONTAINING 124 RESIDENTIAL UNITS, APPROVING CONCESSIONS PURSUANT TO THE DENSITY BONUS LAW FOR THE REDUCTION IN CERTAIN DEVELOPMENT STANDARDS I. RECITALS A. Project; Application for Discretionary Approval WHEREAS, a duly verified application for a Tentative Subdivision Map was filed on August 12, 2004, with the City of Chula Vista Planning and Building Department by Westone Management and subsequently superceded by Premier Coastal Development and subsequently by WGA Orange Avenue L.P. and by WGA. Orange Avenue L.P. ("Applicant"), requesting approval of a Tentative Subdivision Map to convert 124 apartment units into individually owned condominiums ("Project"); and B. Project Site WHEREAS, the area of land which is the subject matter of this Resolution is diagrammatically represented in Exhibit "A", copies of which are on file in the Office of the City Clerk, incorporated herein by referenc.e, and commonly known as Chula Vista Tract No. 05-06, Tentative Subdivision Map, and for the purpose of general description herein consists of3.48 acres located at 307 Orange Avenue ("Project Site"); and C. Prior Discretionary Approval and Recommendations WHEREAS, the development of the Project Site has received the following discretionary approvals and recommendations: (1) Planning Commission recommendation of approval of PCS-05-6 Tentative Subdivision Map for a 124-unit condominium conversion on February 14, 2007; and (2) Design Review Committee approval ofDRC-05-05 Site Plan on April 17,2006; and, D. Planning Commission Record of Applications WHEREAS, the Planning Commission held an advertised public hearing on the Project on February 14,2007, and after hearing staffs presentation and public testimony voted 6-1 to recommend that the City Council approve the Project, in accordance with the findings and subject to the conditions listed below; and E. Council Record of Applications WHEREAS, the City Clerk set the time and place for the public hearing on the Project's tentative subdivision map application; and notice of said hearing, together with its purpose, was given by its publication in a newspaper of general circulation in the City, its mailing to property owners within 500 feet of the exterior boundary of the project and its mailing to the current tenants residing at 307 Orange Avenue, at least 10 days prior to the hearing; and 13-100 Resolution No. 2007- Page 2 WHEREAS, the duly called and noticed public hearing on the Project was held before the City Council of the City ofChula Vista on ,2007, in the Council Chambers in the City Hall, Chula Vista Civic Center, 276 Fourth Avenue, at 6:00 p.m. to receive the recommendations of the Planning Commission, and to hear public testimony with regard to the same. NOW THEREFORE BE IT RESOLVED that the City Council does hereby find, determine and resolve as follows: II. PLANNING COMMISSION RECORD The proceedings and all evidence introduced before the Planning Commission at their public hearing on the Project held on February 14,2007, and the minutes and Resolution resulting there from, are hereby incorporated into the record of this proceeding. II1.COMPLIANCE WITH CEQA The Environmental Review Coordinator has reviewed the proposed project for compliance with the California Environmental Quality Act and has determined that the proposed project qualifies for a Class I (Existing Facilities) categorical exemption pursuant to Section 15301 of the State CEQA Guidelines. Thus no further environmental review or documentation is necessary. IV. INDEPENDENT JUDGMENT OF CITY COUNCIL The City Council has exercised their independent review and judgment and concurs with the Environmental Review Coordinator's determination that the Project qualifies for a Class 1 (Existing Facilities) categorical exemption pursuant to Section 15301 of the State CEQA Guidelines. V. TENTATIVE SUBDIVISION MAP FINDINGS A. Pursuant to Government Code section 66473.5 of the Subdivision Map Act, the City Council finds that the Tentative Subdivision Map, as conditioned herein for 307 Orange Avenue, is in conformance with the elements of the City's General Plan, based on the following: 1. Land Use The site is part of the former Montgomery Specific Plan, annexed to the city in January 1986. As part of the County/City zoning translation program, the property was designated High Density Residential (18-27 dulac) in the General Plan, and zoned R-3, Apartment Residential. The 124-unit apartment complex was built on a 3.48-acre parcel, which represent a development density of approximately 35 dulac. The density is a higher than permitted in the underlying zone district and the General Plan. However, pursuant to Chapter 19.64 of the Chula Vista Municipal Code ("CVMC"), the existing apartment complex is a legal non-conforming use and may 13-101 Resolution No. 2007- Page 3 remain in existence indefinitely, as long as the land use remains the same and is not altered. Although minor modifications are proposed to comply with the condominium conversion requirements, the Project does not represent a change in land use. Section 19.64.060C of the CYMC allows the Planning Commission to approve modifications or enlargement of non-conforming uses when necessary and incidental to its use. The proposed changes are necessary to change the rental units to highly desirable individual ownership for entry-level buyers. Based on the above, the proposed project, as conditioned, is in substantial conformance with the adopted General Plan, Zoning Ordinance and other applicable rules and regulation. 2. Circulation All off-site streets required to serve the subdivision currently exist. No street improvements are required. 3. Housing The Project is generally consistent with the land use designation prescribed within the General Plan and provides attached condominium units for individual ownership. The conversion of 124 apartment units to 124 condominium units creates additional opportunities for residential ownership, including 41 units of on-site housing affordable for moderate-income persons and families. 4. Open Space Pursuant to Govermnent Code section 65915.5, in exchange for the Project's providing 41 units of on-site moderate income affordable housing, the City will allow an open space deficiency of approximately 6,887 square feet. The Project includes existing on-site open space areas in the form of a swimming pool and recreational rooms, landscaped areas, and a tot lot for residents' use. 5. Safety The City Engineer, Fire, and Police Departments have reviewed the proposed subdivision of existing apartments to condominiums for conformance with City safety policies and have determined that the proposal meets the City Standards for seismic safety and emergency services. B. The configuration, orientation and topography of the site allow for a feasible setting for passive or natural heating and cooling opportunities as required by Government Code section 66473.1. C. The site is physically suited for residential development and the proposal conforms to all standards established by the City for such a project, including concessions for open space 13-102 Resolution No. 2007- Page 4 and parking requirements pursuant to Government Code section 65915.5 and storage requirements pursuant to CVMC 15.56.070. D. The conditions herein imposed on the grant of permit or other entitlement herein contained is approximately proportional both in nature and extend to the impact created by the proposed development. VI. FINDINGS OF COMPLIANCE WITH CONDOMINUM CONVERSION REQUIREMENTS PURSUANT TO CHAPTER 15.56 AND APARTMENT RESIDENTIAL ZONE REQUIREMENTS PURSUANT TO CHAPTER 19.28 OF THE CHULA VISTA MUNICIPAL CODE Pursuant to Chapter 15.56, Conversion of Dwelling Units to Independent Ownership, the City Council finds that the project meets the following: A. Fire Protection: The City Council concurs with the Fire Marshal determination that the project as conditioned will be in substantial conformance with current fire protection standards. B. Uniform Building Code: City Council concurs with the Building Division of the Planning and Building Department's determination that the "Property Condition Assessment Report" dated August 2003, prepared by JCDPlHuang Consulting Engineers, Inc, and the "Supplemental Property Condition Assessment" dated August 10, 2005 (see Attachment H), prepared by LandAmerica Commercial Services adequately address compliance with the Building Code if applicable permits are submitted and approved and the recommended improvements set forth in the report are constructed or put in place. C. Storage: Section 15.56.020 requires minimum storage area for each unit - 150 cubic feet per I-BR unit and 200 cubic feet per 2-BR unit. The 28 one-bedroom units and 40 of the two-bedroom units are provided an excess of storage space; however, 56 of the two- bedroom units are each deficient 17 cubic feet of storage space. A storage cupboard within a new carport is provided for each unit, in addition to some interior storage space. Per CVMC section 15.56.070, in considering tentative maps for condominium development and evaluating the manner in which storage space is provided, the Planning Commission may recommend and the City Council may approve departures from the stated standards after review of each proposal. Departures shall be based on the merits of the individual project when good cause can be shown. Staff has analyzed the existing storage and proposed storage for the possibility of increasing storage capacity, and has determined it is not feasible to increase storage space beyond that which the project is adding. Convenient storage is proposed as cabinet space in each carport, in addition to some storage space in the dwelling units. As a condition of the Final Map the Applicant shall provide all storage dimensions to prove that the storage meets all minimum dimensioning requirements. D. Housing Code: The Project will be required to comply with housing inspection requirements. 13-103 Resolution No. 2007- Page 5 E. Protective Lighting Standards: Lighting for the facility shown on the site plan shall be in conformance with Section 17.28.030 and 17.28.040 of the Chula Vista Municipal Code. The Project is required to provide lighting information at the time of submittal of building permits. F. Off-street parking: Section 19.62.050(13) requires 1.5 parking spaces for each one- bedroom unit and two parking spaces for each two-bedroom unit, for a total parking requirement of 234 spaces for this project. The project provides 192 parking spaces, including 124 carports, 63 open stalls, and 5 handicapped spaces. There is a shortfall of 43 parking spaces. Drive aisles are slightly less than the 24 feet width requirement and the ratio of compact to regular parking spaces is higher than the City standard. Pursuant to Government Code section 65915.5, in exchange for the Project's providing 41 units of on-site moderate-income affordable housing, the City is allowing the above stated deficiencies in the parking area requirements. G. Design Guidelines: Although no significant exterior structural changes are proposed to the existing project, the Applicant proposes to upgrade both the interior and exterior of the units, add community amenities, and refresh the landscaping. Exterior improvements as part of the proposed condominium conversion include new paint and additional architectural detailing on the buildings, roof replacement, installing a tot lot and play structure, repairing and replacing all driveways and walkways where needed, adding carports, and refreshing and supplementing the landscaping where needed. (Attachment F is a complete list ofthe Applicant's proposed interior and exterior improvements.) Accordingly, the Applicant has applied for and obtained Design Review approval pursuant to CVMC sections 19.14.582 (Design Review Committee, Duties and Responsibilities) and 19.14.420 (Site Plan and Architectural Approval - Purpose - Prerequisite for Certain Uses). H. Separate Service Meters: Each unit is individually metered for electric service. A Homeowners Association will be responsible for the water and gas utility meters. The Applicant shall provide written evidence how this will be satisfied. 1. Housing Department Compliance Survey: The Project has completed a housing inspection, and will be required to perform all corrections listed in the Apartment Inspection Report prior to final inspection of a Condominium unit. J. Covenants, Conditions & Restrictions ("CC&Rs"): The Project is conditioned to provide evidence of declarations of covenants, conditions and restrictions in conjunction with the Final Map. K. Open Space: Common Open Space: CVMC section 19.28.090 requires 400 square feet of common usable open space per one- or two-bedroom unit; therefore, the project must provide a minimum of 49,600 square feet of open space. The project provides 42,713 square feet of open space, which is a deficiency of 6,887 square feet. 13-104 Resolution No. 2007- Page 6 Pursuant to Government Code section 65915.5, the City is allowing the deficiency of 6,887 square feet of open space in exchange for the guarantee of 41 on-site affordable units to persons or families of moderate income. VII. COMPLIANCE WITH GOVERNMENT CODE SECTIONS 66451.3 AND 66452.5 Noticing Documentation Government Code sections 66451.3 and 66452.5 require notification of a tenant's right to a public hearing. The City of Chula Vista provided notices to tenants and surrounding property owners of all required public hearing for the Project, and the Applicant has satisfied the following noticing requirements at the time of submittal of the Tentative Map, which includes a 60-day "Notice ofIntent to Convert", and a "Notice to Prospective Tenants ofIntent to Convert". BE IT FURTHER RESOLVED that the City Council does hereby approve Tentative Subdivision Map, Chula Vista Tract No. 05-06 as represented in Exhibit "B" subject to the general and special conditions set forth below. VIII. GENERAL CONDITIONS OF APPROVAL A. Project Site is Improved with Project The Applicant, or his/her successors in interest, shall improve the Project Site with the Project as described in the Tentative Subdivision Map, Chula Vista Tract No. 05-06, 307 Orange Avenue. B. Design Consistency The Applicant shall develop the condominium units in accordance with all applicable City of Chula Vista Design Guidelines and complying with any conditions required by the Design Review Committee associated with DRC 05-05. IX. SPECIAL CONDITIONS OF APPROVAL A. The conditions herein imposed on the tentative map approval or other entitlement herein contained is approximately proportional both to nature and extent of impact created by the proposed development. Unless otherwise specified, all conditions and code requirements listed below and in Attachment "F" shall be fully completed by the applicant or successor-in- interest to the City's satisfaction prior to approval of the Final Map: GENERAL / PLANNING AND BUILDING 1. All of the terms, covenants and conditions contained herein shall be binding upon and inure to the benefit of the heirs, successors, assigns and representatives of the Applicant as to any or all of the property. 13-105 Resolution No. 2007- Page 7 2. Applicant and his/her successors in interest shall comply, remain in compliance and implement, the terms, conditions and provisions, as are applicable to the property which is the subject matter of this Tentative Subdivision Map and as recommended for approval by the Planning Commission on February 14,2007, and DRC 05-05 on April 17, 2006. 3. Applicant shall coordinate with the City of Chula Vista Planning and Community Development divisions to schedule a meeting with the current tenants to present alternative rental housing opportunities and assistance in relocation in conjunction with the presentation of the schedule for the phasing of the conversion of the apartments to condominiums. 4. A week after the tentative map is approved, the Applicant shall comply with all applicable noticing requirements set forth in Government Code section 66427.1. Applicant shall submit evidence to the Director of Planning and Building that the following City of Chula Vista noticing forms have been delivered to the existing and prospective tenants per Section 66427.1 of the Subdivision Act or a schedule detailing required future notifications: a. 10-day notice to all existing tenants of an application of a Public Report - "Form C" (If submitted to State Department of Real Estate prior to Final Map approval). b. 10-day Notice to all existing tenants of Final Map approval- "Form D". c. Notice to all prospective tenants of option to purchase/termination of tenancy - "Form E. d. 90-day Notice to all existing tenants of option to purchase/termination of tenancy - "Form F", e. ISO-day notice to all existing tenants of intent to convert/termination of tenancy - "Form G". 5. The Applicant shall obtain a construction permit to perform any work in the City's right of way, which may include but is not limited to: a. Driveway approach per Chula Vista Design Standards; b. Replacement of broken curb, gutter, and sidewalk where applicable; c. Sewer lateral installation. 6. Submit plans and information to the satisfaction of the Fire Marshal that proposed condominium units meet current California Fire Code, including but not limited to fire hydrants, fire access, water supply, sprinkler systems, and fire alarms. 7. A composite lighting plan shall be submitted and approved to the satisfaction of the Planning & Building Department and Chula Vista Police Department ("CVPD") prior to 13-106 Resolution No. 2007- Page 8 issuance of the first building permit. Lighting should be provided at entries, driveways and parking lots. Please indicate the location and style of lighting on lighting plans and elevations. Lighting shall be shielded to minimize spillover onto adjacent properties. 8. Electrical/mechanical driveway gates must be provided with a Knox key entrance operation and Opticon system to the satisfaction of the City Fire Marshall. 9. All existing utilities serving the subject property and existing utilities located within or adjacent to and serving the subject property shall be placed underground in accordance with Section 15.32 of the Chula Vista Municipal Code. Furthermore, all new utilities serving the subject property shall be placed underground prior to the issuance of building permits. 10. Any and all agreements that the Applicant is required to enter into hereunder shall be in a form approved by the City Attorney. II. Applicant shall comply with the requirements of the City's approved "Recycling and Solid Waste Management Plan" to the satisfaction of the City's Conservation Coordinator. The plan shall demonstrate those steps the applicant will take to comply with Municipal Code, including but not limited to Sections 8.24 and 8.25, and meet the State mandate to reduce or divert at least 50 percent of the waste generated by all residential, commercial and industrial developments. The Applicant shall contract with the City's franchise hauler throughout the construction and occupancy phase of the project. The plan shall incorporate any trash enclosure re-design required for compliance with the City's National Pollutant Discharge Elimination System ("NPDES") permit. 12. Submit building plans and required fees per the following Building Division requirements: a. Building permits are required per 200 I California Building Code ("CBC"), California Mechanical Code, California Plumbing Code, and California Handicapped Accessibility requirements, 2004 California Electrical Code, and 2005 California Energy Code. b. Indicate any proposed modifications to correct code violations as noted by Code Enforcement Division. 13. Prior to issuance of building permits, Applicant shall submit for review and approval of the City's Landscape Planner an exterior lighting plan that includes detailed information on the proposed fixtures, which shall be commercial grade quality. The Plan should implement the lighting concept stated on the approved landscape concept plan. The lighting plan shall include details showing that the proposed lighting shall be shielded to remove any glare to adjacent properties. 14. Provide a detailed Planting and Irrigation Plan prepared by a licensed landscape architect for review and approval with the building permit submittal, per Landscape Manual and 13-107 Resolution No. 2007- Page 9 CYMC requirements. All landscape work is to be completed prior to issuance of certificates of occupancy. The detailed landscape plans shall include the following: a. Details of the play structure in the tot lot area, which shall be commercial grade quality. b. Show the location, and show landscape screening from public view, for all proposed lighting fixtures, fire hydrants, transformers, backflow valves, and other utilities on the detailed landscape plan. c. Identify storm water management measures, if any are proposed, on the detailed landscape plan. d. Planting shall not obstruct the visibility at the driveway entrance. 15. Provide a surety guarantee bond with the landscape plans for all landscape improvements, which will include all irrigation work. 16. Plans submitted for building permits shall include the following: a. Ground-mounted equipment including heating, air conditioning, utility boxes, and backflow valves that will not be constructed in utility enclosures will be required to be screened with a combination of landscaping, walls or berms. b. A roof design plan showing that all roof equipment has been screened from adjacent off-site residential uses and public areas with parapet walls. c. Carport structure plans with details and specifications. 17. So as to ensure compliance with Section 17.24.040 and 17.24.050 of the Chula Vista Municipal Code, Applicant shall show that walls and ceilings meet the current Gypsum Association Fire Resistance Design Manual standards regarding fire and sound attenuation. All separating floor-ceiling assemblies between separate units shall provide impact sound insulation equal to that required to meet an impact insulation class (lIC) of fifty (50). If said walls and ceiling do not meet said standards, then the walls and ceiling shall be modified to conform to the Gypsum Association Fire Resistance Design Manual standards to the satisfaction of the City Building Official and Director of Planning and Building. 18. Prior to issuance of building permits, provide information on new hot water heating facilities to meet the approval of the City Building official with regard to capacity, size, and location. 13-108 Resolution No. 2007- Page 10 19. Submit a phasing plan indicating how portions of the site can be sold and occupied during construction activity. 20. Anyon-site sales or leasing office shall obtain a Conditional Use Permit. 21. Submit to City staff for approval additional details on implementation of the homebuyer assistance and tenant relocation programs, such as the time frame for meetings and distribution of relocation assistance, tenant eligibility requirements for the programs, etc,. and submit evidence satisfactory to the Director of Planning and Building that the Applicant has complied with the approved homebuyer assistance program requirements for existing residents who choose to purchase their condominium units and for renters who choose to relocate. DRAINAGEINPDES 22. All on-site drainage facilities shall be private except for storm drain facilities located within the existing drainage easement granted to the County of San Diego recorded August 22, 1985, as file no. 85-304816 of official records. 23. Paved access capable of withstanding H-20 wheel loading shall be provided to all public storm drain manholes within the site. 24. The existing public 36-inch and 42-inch RCP storm drain pipes shall be relined based on the City Engineer's requirement due to cracks and significant infiltration within the storm drain pipes. 25. Applicant shall prepare and submit a Water Quality Technical Report describing structural and non-structural Best Management Practices ("BMPs") that will be implemented to prevent discharge of pollutants from the project site to public storm drainage systems, to the satisfaction of the City Engineer. 26. Intercept runoff from the project site and pre-treat said runoff prior to discharge to the City's storm water conveyance system. Identify proposed BMPs to be used to treat storm water runoff from the site as part of the project's Water Quality Technical Report. Said BMP facilities shall be inspected and approved by the City's Stormwater Inspector prior to final map approval. 27. Permanent storm water BMP requirements shall be incorporated into the project design, and shall be shown on the plans. Any construction and non-structural BMP requirements that cannot be shown graphically must be either noted or stapled on the plans. Any 13-109 Resolution No. 2007- Page II proposed changes that impact landscaped or open space areas must be reviewed and approved by the City's Landscape Planner. 28. Any proposed changes that impact landscaped or open space areas must be reviewed and approved by the City's Landscape Planner. 29. Fully implement NPDES BMPs contained in the Water Quality Technical Report. SEWER 30. The on-site sewer system shall be private. All sewer laterals shall be privately maintained from each building and/or condominium unit to the City maintained public sewer main within Orange Avenue. 31. The Developer/Owner shall establish a homeowners association to fund and oversee a contract for the maintenance of the on-site private sewer system. The frequency of maintenance of the sewer system shall be contained in the provisions of the CC&Rs. The City Engineer and Director of Public Works shall approve the provisions of the CC&Rs regarding the on-site private sewer system. 32. The Developer/Owner shall install a sewer manhole at the point of connection to the City sewer main for the sewer lateral east of the public storm drain pipe that runs north to south between the two-story stucco building and one-story stucco building/pool facility. The sewer lateral historically has problems due to the slope of the pipe. STREETS 33. The driveway within the development shall be private. 34. Remove and replace all driveways along the project frontage for compliance with ADA pedestrian access route requirements. Said work shall be done under a Chula Vista construction permit using Chula Vista Construction Standard CVCS-IA for driveways. Driveway replacement shall be guaranteed prior to recordation of the final map. Safe sight distances shall be maintained in and around entrances and drives. CC&RS 35. Submit CC&Rs as approved by the City Attorney to the City Engineer, Director of Planning and Building, and Director of Public Works, for approval. Said CC&Rs shall include the following: a. The creation of a Homeowner's Association ("HOA"), which shall, among other things, be responsible for maintaining all common facilities within the Project 13-110 Resolution No. 2007- Page 12 including, but not limited to: walls, fences, water fountains, lighting structures, fire sprinklers and alarm systems, paths, trails, access roads, drainage structures, water treatment facilities, recreational amenities and structures, landscaping, trees, streets, parking lots, driveways, and private sewage and storm drain systems. b. A listing of all maintained private facilities. c. Language stating that the landscaping shall be maintained by the HOA in a healthy and thriving condition at all times. d. Language that indemnifies and holds harmless the City from any claims, demands, causes of action liability or loss, including claims arising from the maintenance activities of the HOA, including but not limited to private sewer spillage. e. The City's right but not the obligation to enforce CC&Rs. f. An insurance provision requiring the HOA to maintain a policy of comprehensive general liability insurance written on a per-occurrence basis in an amount not less than one million dollars ($1,000,000) combined single limit. The policy shall be acceptable to the City and name the City as additional insured. g. The City must approve any revisions to provisions of the CC&Rs that may particularly affect the City. Furthermore, the HOA shall not seek approval from the City of said revisions without the prior consent of one-hundred percent (100%) of the holders of first mortgages and one-hundred percent (100%) of the property owners- unless the Director of Planning and Building waives this requirement. h. The HOA shall not seek to be released by the City of any maintenance obligations without the prior consent of the City and one-hundred percent (100%) of the holders of first mortgages and one-hundred percent (100%) of the property owners - unless the Director of Planning and Building waives this requirement. 1. Implement an education and enforcement program to prevent the discharge of pollutants from all on-site sources into the storm water conveyance system. J. The HOA shall maintain, in perpetuity, membership in an advance notice service/system such as the USA Dig Alert Service and shall cause any private facilities of the property owners or HOA to be marked out whenever work is performed in the area. k. The CC&Rs shall include NPDES proVISIOns for the perpetual and routine maintenance of structural BMPs, private sewer and storm drain facilities for the 13-111 Resolution No. 2007- Page 13 purpose of preventing and in such a manner as to prevent the discharge of non-storm water pollutants to the public storm water conveyance system. The CC&Rs shall include the requirement to maintain records for the past ten years of BMP implementation, inspections, and maintenance activities. 1. The HOA shall fund and oversee a contract for the maintenance of the on-site private sewer system. The frequency of maintenance of the sewer system shall be contained in the provisions of the Codes, Covenants and Restrictions, which shall be subject to the approval of the City Engineer and the Director ofPuhlic Works. m. Trash and Recycling program requirements shall be incorporated into the project CC&Rs to the satisfaction of the City's Conservation Coordinator. n. Said CC&Rs shall be consistent with Chapter 18.44 of the Subdivision Ordinance, and shall be recorded concurrently with the final map. o. Fire service lateral and water supply to buildings, including the on-site fire hydrants, must be maintained and operational at all times to the satisfaction of the Fire Marshal. 36. Submit a Homeowners Association budget for review and approval by the City Engineer for the maintenance of private streets and drives, storm drains, and sewage systems. More specifically, said budget shall include the following provisions and maintenance activities: a. Streets must be sealed every seven years and overlaid every 20 years; b. Sewers must be cleaned once a year with the contingency for emergencies; c. Red curbs/striping must be painted once every three years; d. The Homeowners Association shall be responsible for service utilities including water, gas, and sewer, and the billing and payment of these utility costs; e. Storm Water quality facilities inspected prior to and after every rain event and cleaned as necessary (twice a year minimum); media inserts replaced as recommended by the manufacturer; with a contingency for emergencies. The budget shall also include a monitoring program including sampling and preparation of an annual report, when required by the City; f. Per the Physical Elements Report's recommended repairs within the five-year time frame, establishment of a capital fund that will adequately cover the expected costs 13-112 Resolution No. 2007- Page 14 associated with repairing or replacing the Project/complex's electrical system and plumbing system. EASEMENTS 37. All existing easements and irrevocable offers of dedication shall be shown on the Final Map. A title report dated within 60 days of submittal of the Final Map shall be submitted together with backing documents for all existing public utility easements and offers of dedication. Applicant shall submit evidence of noticing to all existing public utility easement holders within the project boundaries as required by the Section 66436 of the Subdivision Map Act. AGREEMENTS 38. Applicant shall pay any unpaid balance for the 307 Orange Avenue Tentative Map Deposit account # DQII05 and Project account CA301. 39. Applicant shall enter into an approved Affordable Housing Agreement. Applicant and hislher successors in interest shall comply, remain in compliance and implement, the terms, conditions and provisions, to the property with regard to the Affordable Housing Agreement to provide 41 units of on-site affordable housing for persons or families of moderate income. 40. Applicant shall enter into an agreement wherein the Applicant agrees to: a. Defend, indemnify and hold harmless the City and its agents, officers, and employees, from any claim, action or proceeding against the City, or its agents, officers or employees to attack, set aside, void or annul any approval by the City, including approval by its Planning Commission, City Councilor any approval by its agents, officers, or employees with regard to this subdivision pursuant to Section 66499.37 of the State Map Act provided the City promptly notifies the subdivider of any claim, action or proceeding and on the further condition that the City fully cooperates in the defense. b. Hold the City harmless from any liability for erosion, siltation or increased flow of drainage resulting from this project and spillage of sewage generated by the project onto adjacent public or private streets or into off-site storm water conveyance systems. c. Maintain storm water quality treatment measures in accordance with an approved maintenance and inspection plan. d. Implement and sustain in perpetuity, a source control storm water quality management program as outlined in the Water Quality Technical Report. 13-113 Resolution No. 2007- Page 15 Signature of Property Owner Signature of Representative 13-114 Date Date Resolution No. 2007- Page 16 MISCELLANEOUS 40. Tie the boundary of the subdivision to the California System-Zone VI (NAD '83). 41. Submit copies of the Final Map in a digital format such as (DXF) graphic file prior to approval of the Final Map. Provide computer aided Design (CAD) copy of the Final Map based on accurate coordinate geometry calculations and submit the information in accordance with the City Guidelines for Digital Submittal in duplicate prior to the approval ofthe Final Map. 42. Submit a conformed copy of a recorded tax certificate covering the property prior to approval of the Final Map. 43. Provide evidence to the satisfaction of the City Engineer of compliance with all tenant- noticing requirements per Section 66427.1 of the Subdivision Map Act prior to approval of the final map. B. The following Conditions of Approval shall be satisfied prior to Final Inspection unless otherwise noted: 1. For any condominium unit in a structure containing multiple condominium units, correct California Health and Safety Code and Uniform Housing Code violations specified in Attachment C and any other violations identified by the Housing Inspection, to the satisfaction of the Director of Planning and Building. 2. For any condominium unit in a structure containing multiple condominium units, install the interior upgrades and improvements specified in Attachment F to the satisfaction of the Director of Planning and Building. 3. Prior to issuance of building permits, per the Physical Element's Report and Applicant's designating replacement of hot water heating facilities, provide information on new hot water heating facilities to meet the approval of the City Building official with regard to capacity, size, and location. 4. For any condominium unit in a structure containing multiple condominium units, the Project's exterior upgrades for that structure shall be constructed in accordance with the approved DRC-05-05 design review permit. 5. For any condominium unit in a structure containing multiple condominium units, provide in that structure type 2A-IOBC fire extinguishers every 75 feet of travel distance, and smoke detectors for each unit, to the satisfaction of the Chula Vista Fire Department. 6. All lighting shall meet the protective current lighting standards of the current Uniform Building Code. 13-115 Resolution No. 2007- Page 17 7. Any required modifications to separation walls and ceilings shall be done to the satisfaction of the City's Building Official and Fire Marshal. 8. Submit evidence satisfactory to the Director of Planning and Building that the Applicant has complied with the approved homebuyer assistance program requirements for existing residents who choose to purchase their condominium units and for renters who choose to relocate as reflected in the provisions referenced in the minutes of the Planning Commission meeting of February 14, 2007. Said relocation assistance shall include the requirement that the applicant will provide the refund of each tenant's security deposit not less than 30 days prior to their relocation and shall provide relocation assistance of $500 paid to tenants no less than 10 days in advance of their relocation. 9. Submit and obtain approval of a sign permit. X. CONSEQUENCE OF FAILURE OF CONDITIONS If any of the foregoing conditions fail to occur, or if they are, by their terms, to be implemented and maintained over time, if any of such conditions fail to be so implemented and maintained according to their terms, the City shall have the right to revoke or modify all approvals herein granted, deny, or further condition issuance of all future building permits, deny, revoke, or further condition all certificates of occupancy issued under the authority of approvals herein granted, institute and prosecute litigation to compel their compliance with said conditions or seek damages for their violation. The Applicant shall be notified ten (10) days in advance prior to any of the above actions being taken by the City and shall be given the opportunity to remedy any deficiencies identified by the City within a reasonable and diligent time frame. XI. INVALIDITY ; AUTOMATIC REVOCATION It is the intention of the City Council that its adoption of this Resolution is dependent upon the enforceability of each and every term, provision and condition herein stated; and that in the event that anyone or more terms, provision, or conditions are determined by a Court of competent jurisdiction to be invalid, illegal or unenforceable, this resolution shall be deemed to be automatically revoked and of no further force and effect ab initio. Presented by: Jim Sandoval Director of Planning & Building J:\AttorneylRESOIMAPSIPCS-05-06 (307 Orange A venue L 07-17 -07.doc 13-116 RESOLUTION NO. 2007- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE CITY AND WGA ORANGE, L.P., ESTABLISHING CONDITIONS OF 41 AFFORDABLE UNITS FOR MODERATE INCOME HOUSEHOLDS AT 307 ORANGE AVENUE AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT WHEREAS, an application for a Density Bonus was filed on August 12, 2004, with the City of Chula Vista Planning and Building Department, requesting approval for regulatory concessions for a Tentative Subdivision Map to convert 124 apartment units into individually owned condominiums ("Project"); and WHEREAS, the area of land which is the subject matter of this Resolution is located at 307 Orange Avenue ("Project Site"); and WHEREAS, pursuant to Government Code Section 65915.5, the Applicant must provide 33 percent of the total number of units to persons and families of moderate income in exchange for concessions from certain multi-family development standards; and WHEREAS, based on 33 percent of 124 units, the Applicant has an obligation to provide 41 units affordable to moderate-income households; and. WHEREAS, compliance with the Affordable Housing Agreement is necessary to satisfy the conditions of approval for moderate income housing obligations of the Project under the State Density Bonus Law; and WHEREAS, this Affordable Housing Agreement implements affordable housing requirements previously analyzed in the environmental review, therefore, no additional action is required under CEQA. NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Chula Vista that this City Council does hereby approve the Affordable Housing Agreement related to the implementation of the affordable housing condition at 307 Orange Avenue in substantially the form presented to the City, subject to such revisions as may be made by the City Manager or his designee subject to the review and approval of the City Attorney. BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to execute the Affordable Housing Agreement on behalf of the City. A copy of the Affordable Housing Agreement when executed by the City shall be placed on file in the office of the City Clerk. BE IT FURTHER RESOLVED, that the City Manager (or designee) is hereby authorized, on behalf of the City, to make revisions to the Affordable Housing Agreement which do not materially or substantially increase the City's obligations 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 13-117 Resolution No. 2007- Page 2 administer the City's obligations, responsibilities and duties to be performed under the Affordable Housing Agreement and related documents. Any such revisions or modifications to the Affordable Housing Agreement are subject to the review and approval of the City Attorney. Presented by Approved as to form by Ann Hix Acting Community Development Director J:\AtlomeyIRESO\AGREEMENTS\WGA Orange, L.P._07-17-07.doc 132118 THE A TT ACHED AGREEMENT HAS BEEN REVIEWED AND APPROVED AS TO FORM BY THE CITY ATTORNEY'S OFFICE AND WILL BE FORMALLY SIGNED UPON APPROVAL BY THE CITY COUNCIL Ann Moore City Attorney Dated::;Z: - II - 0 f Affordable Housing Regulatory Agreement Between City of Chula Vista and WGA Orange Avenue 13-119 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Chula Vista 276 Fourth Avenue Chula Vista CA 91910 Attn: City Clerk No fee for recording pursuant to Government Code Section 27383 (Space above for Recorders Use) AFFORDABLE HOUSING REGULATORY AGREEMENT THIS AFFORDABLE HOUSING REGULATORY AGREEMENT (this "Agreement") is entered into as of ,2007, between the CITY OF CHULA VISTA, a municipal corporation ("City"), and WGA ORANGE AVENUE, a California limited partnership ("Developer") and/or its successors or assignees. 1.. Recitals 1.1. Authority. The City is a municipal corporation, organized and existing under the laws of the State of California. City is authorized to enter into binding agreements for the purpose of protecting public health, safety, and welfare. 1.2. Developer. Developer has a property interest in property in the City of Chula Vista, in the County of San Diego, California, commonly known as 307 Orange Avenue, which is legally described in Exhibit "A", which is hereby incorporated herein (the "Real Property"). The Real Property will be a condominium project established pursuant to Section 1350, et seq. of the California Civil Code. 1.3. Proiect. Developer wishes to convert the existing 124-unit apartment complex at 307 Orange Avenue to a condominium project (the "Project"). Owner proposes that 83 of those units will be sold at prevailing market rates (the "Market Units") and that 41 units will be sold at affordable prices to eligible moderate income households (the "Restricted Units") as further described in Section 1.5 below. 1.4 Tentative Map. The City Council of the City of Chula Vista, through the adoption of Resolution No. , has approved a tentative map in accordance with the State Subdivision Map Act and the City's Municipal Code, Chapter 15.56, authorizing the conversion of the Project into a condominium project. The Owner has requested a Density Bonus pursuant to 65915.5. Pursuant to 65915.5 the Owner is entitled to additional units or incentives of equivalent financial value. As requested by the Owner and in accordance with California Government Code 965915.5, the City has granted Owner a reduction in certain requirements of the following conditions of conversion as incentives of equivalent financial value: Affordable Regulatory Housing Agreement 1 13-120 . The requirement to comply with the off-street parking standards for multiple family dwellings and dwelling groups which exist at the time of the establishment of the Project as a condominium project set forth in Municipal Code section 15.56.020(F). . The requirement to comply with the City's current open space requirements set forth in Municipal Code section 19.28.090 . The requirement to provide storage space set forth in Municipal Code section 15.56.020(C). 1.5 Density Bonus Conditions. Developer and the City now desire to enter into this Agreement to satisfy the conditions of approval requiring Developer to provide at least 33 percent of the total units as moderate income for saie housing. as defined in ~50093 of the Health and Safety Code. 20 One Bedroom / One Bath 21 Two Bedroom /1 Bath 1.6 Bindina On Successive Owners. Pursuant to California Government Code Section 27281.5, the parties intend that this Agreement constitute an encumbrance against the Real Property which, during the Term of this Agreement, is binding on the owners and successive owners of the Real Property for the benefit of the City. NOW THEREFORE, THE CITY AND DEVELOPER HEREBY AGREE AS FOLLOWS: 2. - Definitions The following definitions apply for purposes of this Agreement: 2.1 "Area Median Income" means the latest median income from time to time determined by the United States Department of Housing and Urban Development (pursuant to Section 8 of the United States Housing Act of 1937) for the San Diego Standard Metropolitan Statistical Area, and as established by regulation of the State of California pursuant to Health and Safety Code Section 50093. 2.2 "Buyer-Elected Options and Upgrades" means options and upgrades included in a Unit that are not included within the plans and specifications for standard production Units and that are paid for in cash by the buyer. 2.3 "Buyer-Qualified Interest Rate" means the interest rate a buyer qualifies for and obtains under a loan, the proceeds of which are used to purchase the Moderate Income Unit. 2.4 "City Notice of Approval" means the letter from the City identifying the applicant as an eligible affordable buyer. Affordable Regulatory Housing Agreement 2 13-121 2.5 "Gross Income" shall mean the anticipated income of a person or family for the 12-month period following the date of determination of income as defined in Title 25 of the California Code of Regulations Section 6914. 2.6 "Market Rate Price(s)" shall be as described in Section 3.2 below. 2.7 "Moderate Income Affordable Sales Price" shall be determined pursuant to Section 3.3.3 below. 2.8 "Moderate Income Buyers" means individuals or families with a gross income which does not exceed one hundred twenty percent (120 %) of the current Area Median Income, as adjusted for household size as set forth in ~50093 of the Health and Safety Code. 2.9 "Moderate Income Unit" means any of the forty-one (41) Units which shall be sold by Developer to and occupied by a Moderate Income Buyer. 2.10 "Monthly Housing Cost" means the sum of monthly payments for all of the following with respect to a Moderate Income Unit: 2.10.1 Principal and interest, amortized over thirty (30) years, at the then current fixed interest rate, payable under the First Trust Deed Loan (as defined below), which is then available to acquire an Moderate Income Unit; 2.10.2 Any special tax district assessments, Mello-Roos special taxes, prorated monthly, which apply to the Moderate Income Unit; 2.10.3 The monthly homeowners association regular assessments which apply to the Moderate Income Unit; and 2.10.4 A reasonable allowance for real estate taxes and insurance not included in the above costs, prorated monthly. 2.10.5 A modest Utility allowance as determined by the Housing Authority for the unit size. Utility allowance does not include telephone or cable service. 2.11 Mortgage Amount" shall be as described in Sections 3.3.1,3.3.2, whichever is applicable. 2.12 "Silent Second Note" shall refer to the promissory note made by a Moderate Income Buyer in favor of the City which is equal to the difference between the Market Rate Price and the Moderate Income Affordable Price of a Moderate Income Unit. The form of the Silent Second Note shall be as set forth on Exhibit "B" attached hereto. 2.13 "Silent Second Trust Deed" shall refer to a deed of trust which secures a Silent Second Note. The form of the Silent Second Trust Deed shall be as set forth on Exhibit "C" attached hereto. 2.14 "Term" shall be described in 4 below. 3. - Marketina of Moderate Income Units 3.1 Moderate Income Units. Of the One-Hundred Twenty-Four (124) Units in the Project, Developer shall sell Forty-One (41) Units only to Moderate Income Buyers) The Forty-One Affordable Regulatory Housing Agreement 3 13-122 (41) Moderate Income Units shall consist of20 One (1) and 21 Two (2) bedroom Units. The sales price of each such Moderate Income Unit shall be the Market Rate Price, with the Silent Second Note being in original principal amount equal to the difference between the Market Rate Price and the Maximum Sales Price for a Moderate Income Unit. The Silent Second Note shall be secured by the Silent Second Trust Deed encumbering the Moderate Income Unit which is sold to a Moderate Income Buyer. The Silent Second Trust Deed shall be subordinate in priority to the institutional trust deed loan ("First Trust Deed Loan") which the Moderate Income Buyer obtains to purchase the property. 3.2 Market Rate Price. The Market Rate Prices for the Moderate Income Units shall initially be the amounts set forth in the attached Schedule "1". Developer may request that the City recalculate the Market Rate Prices twice in any given calendar year pursuant to the procedures set forth in this Section. Developer shall seek the City's written approval, which approval shall not be unreasonably withheld, prior to modifying the Market Rate Prices. Developer may submit to the City Developer's proposed revisions, if any, to the Market Rate Prices for the Moderate Income Units. Within ten (10) business days after such submission, the City shall approve or disapprove such proposed revisions. If the City disapproves and objects to Developer's proposed revisions within such ten (10)-day period, Developer may re-submit further revisions to the Market Rate Prices to address the City's grounds for objection, and the City shall thereafter have ten (10) business days to approve or disapprove Developer's proposed revisions, If, however, the City fails to approve or disapprove Developer's proposed revisions within the initial ten (10)-business day periOd (or the subsequent ten (1 OJ-business day period iri case of re-submission), Developer's proposed revisions shall be deemed approved. 3.3 Calculation of Maximum Moderate Income Affordable Sales Price. 3.3.1 The Maximum Sales Price of a Restricted Unit (the "Maximum Sales Price") means the maximum sales price applicable to the unit size in question, as set forth in regulations promulgated pursuant to California Health and Safety Code section 50025.5(e) to determine the sales price that will make housing available to moderate-income households at an "affordable housing cost," as defined in California Health and Safety Code section 50025.5(b)(4). One (1) Bedroom Two (2) Bedroom $197,956 $227,226 Developer may request that the City recalculate the Maximum Sales Price twice in any given calendar year. Pursuant to the procedures set forth in this Section, developer shall seek the City's written approval, which approval shall not be unreasonably withheld, prior to modifying the Maximum Moderate Income Affordable Sales Prices. Developer may submit to the City Developer's proposed revisions, if any, to the Maximum Moderate Income Affordable Sales Prices for the Moderate Income Units. Within ten (10) Affordable Regulatory Housing Agreement 4 13-123 business days after such submission, the City shall approve or disapprove such proposed revisions. If the City disapproves and objects to Developer's proposed revisions within such ten (1 OJ-day period, Developer may re-submit further revisions to the Maximum Moderate Income Affordable Sales Prices to address the City's grounds for objection, and the City shall thereafter have ten (10) business days to approve or disapprove Developer's proposed revisions. If, however, the City fails to approve or disapprove Developer's proposed revisions within the initial ten (10)-business day period (or the subsequent ten (10)-business day period in case of re-submission), Developer's proposed revisions shall be deemed approved. 3.4 Unit Sizes and Appropriate Household Sizes. The following are the household sizes appropriate to a Moderate Income Unit, for calculation of Mortgage Amount based State law: Calculation of the Moderate Income Affordable Sales Price shall be based upon the assumed household size specified for the Moderate Income Unit size as set forth in the foregoing table notwithstanding the actual size of the household that purchases the Moderate Income Unit. 3.5 Proof of Qualification. Developer will obtain from each person(s) to whom Developer sells a Moderate Income Unit a "Supplemental Buyer Application" (the "Application") in the fonm of Exhibit "D" attached hereto (or such other form as the City may from time to time adopt and of which the City will notify Developer in writing). Developer will be entitled to rely on the Application and the supporting documents thereto in determining the eligibility of such person(s) to buy such Moderate Income Unit. Developer will retain the Application and supporting documents for a period of at least seven (7) years after the buyer thereof closes escrow for the purchase of the Moderate Income Unit. 3.6 Records. Audits. Developer will submit to the City monthly copies of all Applications, available settlement or closing statements with respect to each Moderate Income Unit that has closed escrow, and documents submitted containing information with respect to each Moderate Income Unit including (I) the monthly amortized Mortgage Amount, (ii) the number of occupants for which the Moderate Income Unit is sold, (Iii) the income of such occupant(s), (iv) the Market Rate Price of the Moderate Income Unit and (v) the Moderate Income Affordable Sales Price of the Moderate Income Unit or the Moderate Income Affordable Sales Price of the Moderate Income Unit, whichever is applicable. Such submission shall be in the form of Exhibit "D" attached hereto (or such otherfonm as the City may from time to time adopt and of which the City notifies Developer in writing). If the City reasonably believes that violations of the sales price, occupancy and/or income requirements of this Agreement have occurred, and that an audit is necessary to verify submitted Applications and documentation, it will so notify Developer in writing thereof. Within ten (10) days after delivery of said notice, Developer will deliver to the City the names of three certified public accountants doing business in (he metropolitan San Diego area. The City will promptly deliver to Developer the former's approval of one or more of said names. The audit will be completed by an approved certified public accountant, at Developer's cost, within 60 days after the delivery to Developer of the City's said approval. Affordable Regulatory Housing Agreement 5 13-124 The certified public accountant will promptly deliver a copy of the written audit to the City. Developer shall regularly evaluate its compliance with the sales price, occupancy and income requirements of this Agreement and exercise good faith efforts to avoid any violations thereof. 3.7 City Approval of Marketinq Plan: Selection of Moderate Income Buvers. The following requirements shall apply with respect to Developer's marketing of the Moderate Income Units 3.7.1 Marketinq Plan. Developer shall prepare a marketing plan in compliance with Federal and State Fair Housing Laws. Such marketing plan shall include a plan for publicizing the availability of the Moderate Income Units within the City, such as notices in any local newspapers. The marketing plan shall require Developer to obtain from the City the names of Moderate income households who have been displaced by the City Redevelopment Agency redevelopment projects, and to notify persons on such list of the availability of Moderate Income Units in the Project prior to undertaking other forms of marketing. The marketing pian shall provide that the persons on such list of displaced persons be given not fewer than fifteen (15) days after receipt of such notice to respond by completing application fonms for purchase of Moderate Income Units, as applicable. 3.7.2 Income Requirements. All buyers of each Moderate Income Unit shall meet the income requirements set forth in this Agreement. Selection of Moderate Income Buyers shall be made based upon the Buyer Selection Criteria as established within the following levels of priority. A point system has been established so that applicants with a higher number of points will receive preference for Moderate Income Units. 5 Points Households which are displaced from their primary residence as a result of any of the following: (I) expiration of affordable housing covenants applicable to such residence; (i1) an action of the City or the City Redevelopment Agency; (Iii) closure of a mobile home or trailer park community in which the household's residence was located; or (iv) a condominium conversion involving the household's residence. One member in the household must have resided in such housing as the primary place of residence for at least one year prior to such action or event. 4 Points Households with at least one member who has worked within the City, as that person's principal place of full-time employment, for at least one year prior to the date of application for such housing. 3 Points Households with at least one member who is a Public Safety employee (fire and police) or Credentialed Teacher. The individual must be working in such position as his/her full- time profession at the time of application. 2 Points Households currently residing within the boundaries of the City of Chula Vista at the time of aoolication. Affordable Regulatory Housing Agreement 6 13-125 City of Chula Vista, at the time of application. 1 Point All other applicants who do not meet any of the above criteria. In the situation where there are applicants with an equal number of points but not enough Moderate Income Units are available, a lottery will be held at a place and time to be announced by the City and Developer. 3.7. Citv's Evaluation of Qualification of Moderate Income Buvers: Authoritv of Citv To Receive Loan Applications. Developer shall reasonably assist the City in obtaining from each Moderate Income Buyer (or prospective Moderate Income Buyer) a form signed by the Moderate Income Buyer authorizing the release to the City of the prospective buyer's 1003 (Mortgage Loan Application), Good Faith Estimate and Underwriting Transmittal Summary (1008) or similar form from the applicable lender. Developer shall request that each such lender forward to the City the loan documentation for any loan to a Moderate Income Buyer. The City will evaluate these forms and communicate its evaluation to Developer. After the City's review and verification that a prospective buyer is qualified as a Moderate Income or Moderate Income Buyer, the City will send a City Notice of Approval to the lender and Developer confirming the prospective buyer's eligibility. 3.8. Qualification Criteria. The City will utilize the following criteria in evaluating an application by a Moderate Income Buyer (or prospective Moderate Income Buyer): 3.8.1. Neither the Affordable Buyer nor such Affordable Buyer's spouse has owned a home during the three (3) - year period immediately preceding the purchase of the Moderate Income Unit. 3.8.2. 3.8.3. The Affordable Buyer's liquid assets after down payment, Affordable Buyer's closing costs and Affordable Buyer's cash payments for Buyer-Elected Options and Upgrades must not exceed $25,000.00. 3.8.4. Non-occupant co-borrowers are not allowed. 3.8.5. The maximum Monthly Housing Costs must not exceed 36% of monthly income for FHA insured loans and 40% of monthly income for all other loans. 3.8.6. The maximum debt-to-income ratios must not exceed 41% for FHA insured loans and 45% for all other loans. 3.8.7. No refinancing for cash-out or debt consolidation purposes will be allowed (but rate and term refinancing is permitted). 3.9. Occupancy Criteria. Beginning with the initial sale of a Moderate Income Unit and continuing with each sale thereafter, the Purchaser of a Moderate Income Unit will meet the following criteria ("Occupancy Criteria"): The Purchaser will occupy Moderate Income Unit as his/her only residence. The Purchaser will be considered as occupying the Moderate Income Unit as the Purchaser's only place of residence if the Purchaser is living in the Affordable Regulatory Housing Agreement 7 13-126 Moderate Income Unit for at least 1 O-months out of each calendar year. Notwithstanding the foregoing: 3.9.1 If the Purchaser is deceased, then the Purchaser's heir may take title to the Moderate Income Unit, provided such heir qualifies as an Eligible Moderate Income Unit, all such heirs must qualify as an Eligible Household. If the Purchaser's heir(s) do not qualify as an Eligible Household, the heir(s) must sell the Restricted Unit to an Eligible Household for a total consideration that does not exceed the then Maximum Sales Price. 3.9.2 If the Purchaser's failure to occupy the Moderate Income Unit is the result of a medical necessity, then the Purchaser will be given a grace period. At the end of such grace period, the Purchaser will be required to either occupy the Moderate Income Unit or to sell such Moderate Income Unit to an Eligible Household for a total consideration that does not exceed the Maximum Sales Price. 3.10 Information Packet. Developer shall provide an informational packet to each Moderate Income Buyer and Moderate Income Buyer, summarizing the requirements of the City's affordable for sale housing program provided for in this Agreement. The City shall, at Developer's request, reasonably assist Developer with the preparation or review of the informational packet. 4. Term 4.1. Term of Aareement. The agreement shall commence on the date of this Agreement. The Term ends after all obligations under this agreement have been met and verified by the City. Upon verification from the City that all obligations have been satisfied, the City shall record a termination of this Agreement in the Office of the County Recorder of San Diego County, California. 4.2. Recorded Affordabilitv Clause. At the time of the initial sale to an eligible household of a Moderate Income Unit, each Moderate Income Unit shall be subject to the afford ability Restrictions for a period of thirty (30) years, as described in their Deed of Trust. Each Purchaser of a Moderate Income Unit must sign a Deed of Trust which contains covenants about afford ability, resale and payment to the City. 4.3. Transfer of Restricted Units. Neither Owner nor the Purchaser(s) of a Restricted Unit can sell or transfer any Restricted Unit without the approval of the City, and the City's verification that the requirements of this Agreement (or, if the Owner has sold such Restricted Unit to Purchaser, the Individual Declaration applicable to such Restricted Unit) have been satisfied, including without limitation the City's verification that a purchaser or transferee is an Eligible Household at the time of purchase and that the Actuai Sales Price does not exceed the Maximum Sales Price. 5. - Subordination Upon request, the City shall subordinate this Agreement to any first deed of trust which Developer obtains for construction of the Project and the First Trust Deed Loans obtained by buyers to purchase their Moderate Income Units. However, any subordination agreement entered into by the City shall contain written commitments which the City finds are reasonably designed to protect the Affordable Regulatory Housing Agreement 8 13-127 City's interests in the event of default, such as any of the following: (a) a right of the City to cure a default on the loan prior to foreclosure, (b) a right of the City to negotiate with the lender after notice of default from the lender and prior to foreclosure, (c) an agreementthat if priorto foreclosure of the loan, the City takes title to the property and cures the default on the loan, the lender will not exercise any right it may have to accelerate the loan by reason of the transfer of title to the City, and (d) a right of the City to acquire through foreclosure under the Silent Second Trust Deed the Moderate Income Unit from the buyer at any time after a material default on the loan. 6. . Additional Provisions ReQardinQ The Real ProDertv 6.1. Condition of the Real Prooertv. The following provisions shall apply only during the period of time that Developer is developing and marketing the Project. 6.1.1. Developer shall prevent the release, by Developer or its contractors, into the environment of any Hazardous Materials which may be located in, on or under the Real Property. Such precautions shall include compliance with all Governmental Requirements with respect to Hazardous Materials. In addition, Developer shall install and utilize such equipment and implement and adhere to such procedures as are consistent with commercially reasonable standards as respects the disclosure, storage, use, removal and disposal of Hazardous Materials. 6.1.2. Developer shall indemnify, defend and hold the City, its elected officials, officers, agents, employees, representatives, and successors harmless from and against any claim, action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty, punitive damage, or expense (including, without limitation, reasonable attorneys' fees), resulting from, arising out of, or based upon Developer's or its contractor's (i) release, use, generation, discharge, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from, the Real Property, no matter when such claim, action, suit or proceeding is first asserted or begun and no matter how the Hazardous Materials came to be released, used, generated, discharged, stored or disposed of on, under, in or about, to or from the Real Property, or by whom or how they are discovered, or (ii) violation, or alleged violation, of any statute, ordinance, order, rule, regulation, permit, judgment or license relating to the use, generation, release, discharge, storage, disposal or transportation of Hazardous Materials on, under, in or about, to or from, the Real Property. This indemnity shall include, without limitation, any damage, liability, fine, penalty, parallel indemnity after closing, cost or expense arising from or out of any claim, action, suit or proceeding, including injunctive, mandamus, equity or action at law, for personal injury (including sickness, disease or death), tangible or intangible property damage, compensation for lost wages, business income, profits or other economic loss, damage to the natural resource or the environment, nuisance, contamination, leak, spill, release or other adverse effect on the environment. Developer obligations under this indemnity shall survive the termination of this Agreement. 6.1.3. For purposes of this Agreement, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local governmental authority, San Diego County, the State of California, regional govemmental authority, or the United States Government, including, but not limited to, any material or substance which is (i) defined as a "hazardous waste," "extremely hazardous waste," or "restricted hazardous waste" under Section 25115, 25117 or 25122.7, or listed pursuant to Section 25130 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law)), (ii) defined as a "hazardous substance" under Section 25316 of the California Health and Safety Code, Division Affordable Regulatory Housing Agreement 9 13-128 20, Chapter 6.8 (Carpenter-Presley-Tanner Hazardous Substance Account Act), (Hi) defined as a "hazardous material," "hazardous substance," or "hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (iv) defined as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (v) petroleum, (vi) friable asbestos, (vii) polychlorinated byphenyls, (viii) methyl tertiary butyl ether, (Ix) listed under Article 9 or defined as "hazardous" or "extremely hazardous" pursuant to Article 11 of Title 22 of the California Code of Regulations, Division 4, Chapter 20, (x) designated as "hazardous substances" pursuant to Section 311 of the Clean Water Act (33 U.S.C. Section 1317), (xi) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq. (42 U.S.C. Section 6903) or (xii) defined as "hazardous substances" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. Section 9601, etseq. 6.1.4. For purposes of this Agreement, "Governmental Requirements" means all laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State, the County of San Diego, the City, or any other political subdivision in which the Real Property is located, and of any other political subdivision or instrumentality exercising jurisdiction over the City, Developer or the Real Property. 6.2 Taxes. Assessments. Encumbrances. and Liens. Developer shall pay prior to delinquency all real estate taxes and assessments properly assessed and levied on portions of the Real Property which are owned by Developer. Nothing in this Agreement shall be deemed to prohibit Developer from contesting the validity or amounts of any tax, assessment, encumbrance, or lien, nor to limit the remedies available to Developer in respect thereto. 6.3 Hold Harmless. Developer agrees to indemnify, protect, defend and hold harmless the City, its elected officials, officers, agents, employees, representatives and successors, from and against any and all claims, damages, actions, costs, demands, expenses or liability, including without limitation, reasonable attorneys' fees and court costs, which may arise from the direct or indirect actions or inactions of Developer or those of its contractors, subcontractors, agents, employees or other persons acting on Developers' behalf which relate to the approval of the project, the approval of this agreement and associated documents, and the Developer's construction and marketing activities of the Real Property or Project. This hold harmless agreement applies, without limitation, to all damages and claims for damages suffered or alleged to have been suffered by reasons of the operations referred to in this section regardiess of whether or not the City prepared, supplied or approved plans or specifications, or both, for the Real Property or Project. This indemnity by Developer, and all other indemnities set forth herein shall survive any foreclosure of the Real Property by the City pursuant to the terms of the Silent Second Trust Deed and the Term or earlier termination of this Agreement. 6.4 Obliqation to Refrain from Discrimination. There shall be no discrimination against, or segregation of, any persons, or group of persons, on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the enjoyment of the Real Property. Developer shall further comply with all the requirements of the Americans with Disabilities Act and the Americans with Disabilities Act Accessibiiity Guidelines (collectively, "ADA"). Affordable Regulatory Housing Agreement 10 13-129 6.5 Form of Nondiscrimination and Nonseoreoation Clauses. Developer shall refrain from restricting the sale of any portion of the Real Property, or contracts relating to the Real Property, on the basis of race, color, creed, religion, sex, marital status, ancestry, or national origin of any person and shall comply with all the requirements for the ADA. All such deeds, leases or contracts, shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses: 6.5.1 In deeds: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the land herein conveyed, nor shall the grantee himself, or any persons claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the land herein conveyed and further covenants that all such individuals and entities shall comply with all requirements ofthe Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines. The foregoing covenants shall run with the land." 6.5.2 In leases: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through him, and this lease is made and accepted upon and subject to the following conditions: 'That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the leasing, subleasing, transferring, use, occupancy, tenure, or enjoyment of the land herein leased, nor shall the lessee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the land herein lease and the lease shall be carried out in compliance with all requirements of the Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines.'" 6.5.3 In contracts: "There shall be no discrimination against or segregation of any persons or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, or national origin in the sale, lease, transfer, use, occupancy, tenure, or enjoyment of land, nor shall the transferee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of land and all such activities shall be conducted in compliance with all the requirements of the Americans with Disabilities Act of 1990, as the same may be amended from time to time (42 U.S.C. Section 12101, et seq.), and the Americans with Disabilities Accessibility Guidelines." 7. - Escrow Documentation The City shall provide Developer with any revision it reasonably deems appropriate to the form Silent Affordable Regulatory Housing Agreement 11 13-130 Second Note or the Silent Second Trust Deed for the use in escrow for the sale of each Moderate Income Unit. The Silent Second Trust Deed shall be recorded with the County Recorder of San Diego County at close of escrow for the sale by Developer of each Moderate Income Unit, and each Silent Second Trust Deed shall legally describe the particular Moderate Income Unit it covers, using the same legal description as is used in Developer's deed to its buyer. Each Silent Second Trust Deed shall be consistent with and implement the terms of this Agreement. 8. - Breach 8.1. Breach bv City. If the City breaches any of its covenants contained in this Agreement, Developer will have available to it all legal and equitable remedies afforded by the laws of the State of California. 8.2. Breach bv Developer of Sale Price Limit Reauirements. If, with respect to any Moderate Income Unit, Developer breaches this Agreement by charging higher sales prices than that herein permitted, Developer will, immediately upon the City's demand, (i) reduce the sales price to that permitted herein and (ii) refund to any buyers who theretofore paid such higher sales price the amount of the excess, together with interest hereon at the rate of ten percent (10%) per annum or the maximum legal rate, whichever is less, computed from the date(s) of payment of the excess by said buyers to the date of said refund. The provisions of this Section constitute a third-party beneficiary contract in favor of such buyers. Further, the City is hereby granted the power (but not the duty) to act as attorney-in-fact of such buyers in enforcing this section. 8.3. Breach bv Developer of Sales Reauirements. If, with respect to any Moderate Income Unit, Developer breaches this Agreement by selling to buyers who are not qualified by the City pursuant to Section 3.8, Developer will, immediately upon the City's written demand, and at Developer's sole cost, use its reasonable best and lawful efforts to terminate such sale or otherwise substitute an Unrestricted Unit in such sale. 8.4. Breach bv Developer of Other Reauirements. If Developer breaches any of its covenants contained in this Agreement, the City shall have available to it all legal and equitable remedies afforded by the laws of the State of California. 8.5. Remedies Not Exclusive. The remedies set forth in this section are not exclusive, but are in addition to all legal or equitable remedies otherwise available to the City and Developer. 9. - Conflicts of Law 9.1 Confiict of City and State or Federal Laws. In the event that state or federal laws or regulations enacted after this Agreement has been entered into prevent or preclude compliance with one or more provisions of this Agreement the parties will: 9.1.1.1 Notice and Copies: Provide the other party with written notice of such state or federal restriction, provide a copy of such regulation or policy and statement of conflict with the provisions of this Agreement. 9.1.1.2 Modification Conferences: The parties will, within 30 days, meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Affordable Regulatory Housing Agreement 12 13-131 9.1.1.3 City Council Hearinqs. Thereafter, regardless of whether the parties reach an agreement on the effect of such federal or state law or regulation upon this Agreement, the matter will be scheduled for consideration by the goveming board of the City Council. The City Council, at such meeting, will determine the exact modification or suspension which shall be necessitated by such federal or state law or regulation. Developer, at the meeting, will have the right to offer oral and written testimony. Any modification or suspension will be taken by the affirmative vote of not less than a majority of the authorized voting members of the governing board of the City Council. 9.1.1.4 Coooeration in Securinq Permits. The City shall cooperate with Developer in the securing of any permits which may be required as a result of such modifications or suspensions. 10. - General Provisions 10.1 Severabilitv. The parties hereto agree that the provisions are severable. If any provision of this Agreement is held invalid, the remainder of this Agreement will be effective and will remain in full force and effect unless amended or modified by mutual written consent of the parties. 10.2 Entire Aqreement. Waivers and Amendments. This Agreement, together with any other written document referred to or contemplated herein, embody the entire Agreement and understanding between the parties relating to the subject matter hereof. Neither this Agreement nor any provision hereof may be amended, modified, waived, cancelled or discharged except by an instrument in writing executed by the both parties 10.3 Capacities of Parties. Each signatory and party hereto hereby warrants and represents to the other party that it has legal authority and capacity and direction from its principal to enter into this Agreement, and that all resolutions or other actions have been taken so as to enable it to enter into this Agreement. 10.4 Governinq LawNenue. This Agreement shall be governed by and construed in accordance with the laws of the State of California. Any action arising under or relating to this Agreement shall be brought only in the Federal or State courts located in San Diego County, State of California, and if applicable, the City of Chula Vista, or as close thereto as possible. Venue for this Agreement, and performance hereunder, shall be the City of Chula Vista. 10.5 Assiqnment. Subject to the City's prior review and approval, which review and approval shall not be unreasonably withheld, the rights and obligations of Developer under this Agreement may be transferred or assigned and Developer may be released from such obligations upon such transfer or assignment, provided such transfer or assignment is made as a part of the conveyance of the fee of all or a portion of the Real Property. Any such transfer or assignment will be subject to the provisions of this Agreement. During the term of this Agreement, any such assignee or transferee will observe and perform all of the duties and obligations of Developer contained in this Agreement as such duties and obligations pertain to the portion of the Real Property so conveyed. Except as permitted below, transfers of any interest in the Developer entity shall constitute a prohibited transfer hereunder. Affordable Regulatory Housing Agreement 13 13-132 (i) Notwithstanding any other provisions of this Agreement to the contrary, City approval of an assignment of this Agreement or any interest herein shall not be required in connection with any of the following: (a) Any transfers among the principals of the Developer entities so long as the existing principals thereof shall be and remain in management control of the Developer entity with at least a fifty-one percent (51 %) ownership or beneficial interest in the DEVELOPER entity. (b) The granting of temporary or permanent easements or permits to governmental or quasi-governmental agencies to facilitate the development of the Property, or any component thereof. (i) City consent will be granted if: (a) the proposed assignee/transferee expressly assumes, in writing, Developer's obligations hereunder as to times following the effective date of the assignment or transfer; (b) the proposed assigneeltransferee has demonstrated to the reasonable satisfaction of City that such person or entity has adequate financial capacity to fulfill all obligations of this Agreement. 10.6 Enforcement. Unless amended or cancelled as provided in Section 10.2, this Agreement is enforceable by any party to it despite a change in the applicable general or specific plans, zoning, subdivision or building regulations adopted by the City which alter or amend the rules, regulations or policies governing permitted uses of the land, density and design. 10.7 Bindino Effect of Aoreement. The burdens of this Agreement bind and the benefits of this Agreement inure to the parties' successors or assignees in interest. 10.8 Notices. All notices, demands or requests provided for or permitted to be given pursuant to this Agreement must be in writing. All notices, demands or requests to be sent to any party shall be deemed to have been properly given or served if (i) personally served, or (ii) deposited in the United States mail, addressed to such party, postage prepaid, registered or certified, with return receipt requested, at the addresses identified herein as the places of business for each of the designated parties. City of Chula Vista DeveloDer Attn: Community Development Director Community Development Department WGA Orange Avenue, LP 276 Fourth Avenue 9252 Chesapeake Dr. Chula Vista, CA 91910 San Diego, CA 92123 With a copy to: With a copy to: Attn: City Attorney A party may change its address by giving notice in writing to the other party. Thereafter, notices, demands and requests shall be addressed and transmitted to the new address. Affordable Regulatory Housing Agreement 14 13-133 Signature Page to Follow 15 13-134 Affordable Regulatory Housing Agreement IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed as of the day and year first written above. I'CITYII CITY OF CHULA VISTA, a municipal corporation of the State of California By: David R. Garcia, City Manager ATTEST: Susan Bigelow, City Clerk APPROVED AS TO FORM: Ann Moore, City Attorney "DEVELOPER" WGA ORANGE AVENUE, a California limited partnership By: By: Name: ~{l VIe"", [Ip"l:f "'i-q- cYl Its: Date: By: Name: Its: Date: Affordable Regulatory Housing Agreement 16 13-135 EXHIBIT A LEGAL PROPERTY DESCRIPTION All that certain real property situated in the City of Chula Vista, County of San Diego, State of California, described as follows: Parcel 1 of Parcel Map No. 15164, in the City of Chula Vista, County of San Diego, State of California, Filed in the office of the County Recorder of San Diego County, on February 29, 1988 as File No. 88-090173 of Official Records. EXHffiIT A 065550-0009 251465.3 doc 13-136 EXHIBIT B FORM OF SILENT SECOND NOTE EXHIBIT B 065550-0009 251465.3 doc 13-137 NOTICE: THIS NOTE MAY REQUIRE PAYMENT OF PRINCIPAL AND INTEREST UPON THE SALE OR TRANSFER OF THE PROPERTY OR UPON A PREPAYMENT. PROMISSORY NOTE SECURED BY DEED OF TRUST $ 2006 Amount Date [Insert Property Address] 1. Borrower's Promise to Pay. For value received, the undersigned, ("Borrower"), promises to pay to the City of Chula Vista ("City"), or order, the sum of ($) with interest accruing thereon as hereinafter provided, and payable as set forth below. It is understood that the City may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note will be called the "Note Holder". 2. No Interest. This Note will bear no interest unless the Borrower defaults under the terms of this Note, the Deed of Trust securing it and/or the Covenants, Conditions and Restrictions affecting the Property. In the event of default, interest from the Date of this Note shall be calculated at: a) The rate equal to the interest rate of the senior trust deed or, in the event of no sen ior trust deed, b) The prevailing rate of the Prime Rate as published in the Wall Street Journal, on the date of default. 3. Payments and Term. The term of this Note extends for 30 years from the date of the Deed of Trust or until the Borrower sells, rents, refinances, transfers or changes the title of the property designated on the accompanying Deed of Trust, whichever occurs earlier. A transfer constitutes sold, or otherwise conveyed voluntary or involuntary, by operation of law or otherwise. No delay or omission on the part of the City shall operate as a waiver of such right of repayment or of any other right of this Note. The principal amount of this Note, together with the City's proportionate share of any appreciation as further defined, shall be due and payable on or before the date provided by the City in the Notice of Acceleration, which shall not be less than thirty (30) days, if all or any part of the Property or any interest in it is sold, rented, refinanced, conveyed, or transferred or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed, or transferred (or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed, or transferred and Borrower is not a natural person) (herein called "Transfer) without the prior written consent of the City, as further defined in Section 6 below. The City shall not exercise this right of acceleration if prohibited by federal law as of the date of the Deed of Trust or if the City has executed a separate written waiver of this option. All payments made under this Note shall be paid in Page 1 of 5 13-138 Initials lawful money of the United States to the City of Chula Vista at 276 Fourth Avenue, Chula Vista, CA 91910, Attention: Community Development Department, Housing Division. 4. Market Value Appreciation. In addition to the principal amount of this Note, City shall recapture its proportionate share of any appreciation. iThe City's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the home at the time of initial sale. Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. "Improvements" shall be defined as any permanent improvement (i.e. fixed improvement that will remain with the property such as installation of hardwood floors) approved by the City in writing. The principal amount of the Note and proportionate share of any appreciation are immediately due and payable upon Transfer. A sample calculation is illustrated below: Initial Fair Market Sales Price $ Moderate Income Affordable Price $ City Share (Fair Market Price-Moderate Income Price) $ Percentaee Value of Citv Share 400,000 (280,000) 120,000 33.0% Re-Sale Price Assumed Initial Borrower Downpayment and Improvement Costs $450,000 $16,000 Re-Sale Price-Initial Fair Market Price Appreciation $50,000 $34,000 TOTAL DUE TO CITY TOTAL DUE TO HOMEOWNER $ $ 131,220 318780 5. Market Value Depreciation. If upon resale, the market value is lower than the initial sales price, then the Note amount shall be reduced by subtracting the current market value from the initial sales price. The resulting sum will then be subtracted from the Note amount. 6. Transfer. A transfer constitutes sold, or otherwise conveyed, voluntary or involuntary, by operation of law or otherwise. The following shall not constitute a Transfer, but require the prior written consent of the City: (a) A transfer of the Property from a deceased Borrower to the surviving spouse of the Borrower if the surviving spouse is also named as a Borrower; (b) A transfer of the Property by a Borrower to his/her spouse pursuant to which the spouse becomes a co-owner of the Property; (c) A transfer of the Property resulting from a decree of dissolution of the marriage or legal separation or from a property settlement agreement incidental to such a decree which requires the Borrower to continue to make payments on the Note and by which a spouse who is already a Borrower becomes the sole owner of the Property; Page 2 of 5 13-139 Initials (d) A transfer of the Property to a Borrower to an inter-vivos trust in which the Borrower is the sole beneficiary; A transfer by means of encumbering the Property with a lien that is a junior lien to the lien securing the loan to Borrower evidenced by the Deed of Trust. (e) A conveyance by sale or otherwise, to a party which the City of Chula Vista City Manager, or his designee, determines meets all the requirements to be deemed a "Low Income Buyer" as defined in the "Affordable Housing Regulatory Agreement" filed for record with the County recorder of the San Diego County on , 2006 as Document No. 2006- 7. Prepayment. Borrower has the right to prepay the principal without incurring any penalty, apart from any interest that may be due under default provisions above. In the event that Borrower chooses to prepay the Note, Borrower must notify Note Holder in writing. If the property is not for sale or in escrow at the time of such notification, no equity share will be due. Only the full amount of the principal will be due to the City. If the property is for sale or in escrow at the time of notification, the Note will be part of the escrow and Borrower will incur appropriate equity share as an obligation. 8. Default Under Deed of Trust. Notwithstanding any other provisions of the Note, if default occurs in any of the covenants or agreements contained in the Deed of Trust securing this Note, this Note shall immediately become due and payable in full at the option of the City. In the event the City exercises such option, the amounts due and payable shall be the principal balance remaining on the Note and other amounts owing, together with accrued but unpaid interest as described above. 9. Attorneys' Fees. Should suit be commenced to collect on this Note, or any portion thereof, such sum as the court may deem reasonable shall be added hereto as attorneys' fees. 10. Time. Time is of the essence herein. 11. Amendments. This Note may not be modified or amended except by an instrument in writing expressing such intention and signed by an authorized representative of the City and Borrower. 12.Severability. If any term or prOVISion hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity and binding effect of the remainder of this Note upon the parties. 13.Borrower's Waivers. Borrower waives any rights to require the City to perform certain acts. Those acts are: (a) To demand payment of amounts due (known as "presentment"). (b) To give notice that amounts due have not been paid (known as "notice of dishonor"). Page 3 of 5 Initials 13-140 (c) To obtain an official certification of non-payment (known as "protest"). 14. Giving of Notices. Any notice that must be given to Borrower under this Note will be given by delivering it or by mailing it first class mail or by certified mail, return receipt requested, addressed to Borrower at the address set forth above. A notice that must be given to the City under this Note will be given by mailing it certified mail, return receipt request, to the City at the address stated in Section 3 above. Any party may change its address by a notice given to the other party in the manner set forth in this Section. 15. Joint and Several Responsibility. If more than one person executes this Note, each is fully and personally obligated to pay the full amount owed and to keep all promises in this Note. Page 4 of 5 13-141 Initials Date: NOTICE TO BORROWER Do not sign this Note if it contains blank spaces. All spaces should be completed before you sign. Borrower's Name Borrower's Name Page 5 of 5 Initials 13-142 EXHIBIT C FORM OF SILENT SECOND TRUST DEED EXHIBIT C 13-143 065550-0009 251465.3 doc WHEN RECORDED PLEASE MAIL TO: CITY OF CHULA VISTA Community Development Department Housing Division 276 Fourth Avenue Chula Vista, CA 91910 THI DEED OF TRUST THIS DEED OF TRUST, is made this _ day of , 200_, among the Trustor(s), , a (herein "Borrower"), and the City of Chula Vista (herein "Beneficiary") a public body, corporate and politic, whose address is 276 Fourth Avenue, Chula Vista, CA 91910. BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the City of Chula Vista, County of San Diego, State of California [which has the address of property address here (herein "Property Address")]: SEE EXHIBIT NA" ATTACHED HERETO FOR LEGAL DESCRIPTION Said Deed of Trust is second and subsequent in lien to a First Deed of Trust recording concurrently herewith in favor of the first lien holder, xxx, a California Corporation in the amount of xxxx and 00/100 Dollars; TOGETHER with all the improvements now and hereafter erected on the Property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to the Beneficiary to collect and apply such rents), all of which shall be deemed to be and remain part of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property"; TO SECURE to the Beneficiary the repayment of the indebtedness evidenced by Borrower's promissory note, dated , 200_ and extensions and renewals thereof (herein "Note"), in the principal sum of xxx and 00110 Dollars ($xxx), if not sooner paid, is due and payable 30 years from the date of this Deed of Trust. If all or any part of the Property or any interest in the property is sold, rented, refinanced, conveyed or transferred, (each of which is called a "Transfer") without the prior written consent of Beneficiary the Note shall become due and payable immediately. Upon resale Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. City shall recapture its proportionate share of any appreciation, which is equal to the percentage by which the initial sales price of the moderate Page 1 of13 Initials 13-144 income unit was less than the fair market value of the home at the initial time of sale. This recapture provision shall be more fully explained in the related Promissory Note. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property, and that the Borrower's subject property is unencumbered except for encumbrances of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS Borrower and Beneficiary covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note. If payment of the indebtedness is required due to a Sale of the Property where the purchase price is equal to or less than the Acquisition Cost of the Property, assuming an open and competitive sale, then repayment shall be made in the following order and amount: (a) Outstanding principal and interest balance of the primary lender's loan; (b) Borrower's initial down-payment investment and normal cost of sale; (c) Borrower's value of any permanent improvements approved by the City; (d) Accrued simple interest on the principal amount of the Beneficiary's loan at the interest rate and the terms contained in the Promissory Note; (e) The principal amount of the Beneficiary's loan; and (f) Any remainder to borrower. 2. Market Value Appreciation/Depreciation. In addition to the principal amount of this Note, City shall recapture City's proportionate share of any appreciation. The City's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the home at the time of initial sale. Borrower shall retain value of any improvements, down payment and proportionate share of any appreciation. "Improvements" shall be defined as any permanent improvement (i.e. fixed improvement that will remain with the property such as installation of hardwood floors) approved by the City in writing. The principal amount of the Note and proportionate share of any appreciation are immediately due and payable upon Transfer. If upon resale, the market value is lower than the initial market value, then the Note amount shall be reduced by subtracting the current market value from the initial sales price. The resulting sum will then be subtracted from the Note amount. Page 2 of 13 Initials 13-145 3. Funds for Taxes and Insurance. To protect the security of the Deed of Trust, Trustor agrees to pay, at least ten (10) days before delinquency, all taxes and assessments affecting said property; when due, all encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto; and all costs, fees and expenses of this Deed of Trust. Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary, without obligation to do so and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may make or do the same in such manner and to such extent as either may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceeding purporting to affect the security hereof or the rights powers of Beneficiary or Trustee; pay, purchase, contest or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, employ counsel and pay h islher reasonable fees. 4. Application of Payments. Unless applicable law provides otherwise, all payments received by Beneficiary under section 1 and 2 shall be applied; first, to any prepayment charges due under the Note; second, to amounts payable under section 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note. 5. Prior Mortgages and Deeds of Trust; Charges; liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all taxes, assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. 6. Hazard Insurance. Borrower shall keep the improvement(s) now existing or hereinafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Beneficiary may require and in such amounts and for such periods as Beneficiary may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Beneficiary; provided, .that such approval will not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to Beneficiary and shall include a standard mortgage clause in favor of and in a form acceptable to Beneficiary. Beneficiary has the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made promptly by Borrower. If Property is abandoned by Borrower, or if Borrower fails to respond to Beneficiary within 30 days from the date notice is mailed by Beneficiary to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Beneficiary is authorized to collect and apply the insurance proceeds at Beneficiary's option either to .restoration or repair of the Property or to the sums secured by this Deed of Trust. Page3of13 Initials 13-146 7. Preservation and Maintenance of Property, Condominium, Cooperatives, Planned Unit Developments. Borrower will keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall maintain property including the principle house, garage, and out buildings as well as lawn maintenance, and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants, conditions and restrictions, creating or governing the condominium, planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. 8. Protection of Beneficiary Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commenced which materially affects Beneficiary's interest in the Property, then Beneficiary, at Beneficiary's option, upon notice to Borrower, may make such appearances, disburse such sums including reasonable attorneys' fees, and take such action as is necessary to protect Beneficiary's interest. If Beneficiary required mortgage insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and Beneficiary's written agreement or applicable law. Any amounts disbursed by Beneficiary pursuant to this Paragraph, with interest thereon, at the original Note rate, will become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Beneficiary agree to other terms of payment, such amounts will be payable upon notice from Beneficiary to Borrower requesting payment thereof. Nothing contained in this Paragraph will require Beneficiary to incur any expense or take any action hereunder. 9. Inspection. Beneficiary may make or cause to be made reasonable entries upon and inspections of the Property, provided that Beneficiary will give the Borrower notice prior to any such inspection specifying reasonable cause therefor related to Beneficiary's interest in the Property . 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Beneficiary subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. 11. Borrower Not Released; Forbearance by Beneficiary Not a Waiver. Extension of the time for payment or modification of payment of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Beneficiary shall not be required to commence proceedings against such successor or to extend time for payment or otherwise modify payment of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. Any forbearance by Beneficiary in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. 12. Successors and Assil:ns Bound, Joint and Several Liability; Co-sil:ners. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective Page 4 of 13 Initials 13-147 successors and assigns of Beneficiary and Borrower, subject to the provisions of Paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note: (a) Is co-signing this Deed of Trust only to grant and convey that Borrower's interest in the Property to Trustee under the terms of this Deed of Trust, (b) Is not personally liable on the Note or under this Deed of Trust, and (c) Agrees that the Beneficiary and any other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower's interest in the Property . 13. Notice. Except for any notice required under applicable law to be given in another manner, any notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail, addressed to Borrower at the Property address or such other address as Borrower may designate by notice to Beneficiary as provided herein, and (a) Any notice to Beneficiary will be given by certified mail, return receipt requested, to Beneficiary address stated herein or to such other address as Beneficiary may designate by notice to Borrower as provided herein. (b) Any Notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Beneficiary when given in the manner designated herein. 14. Governinll law, Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of Federal law to this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As used herein, "costs", "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited herein. 15. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and this Deed of Trust at the time of execution or after recordation hereof. 16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold, rented, refinanced, conveyed or transferred (or if a beneficial interest in Borrower is sold, rented, refinanced, conveyed or transferred and Borrower is not a natural person), the loan shall become immediately due and payable, unless approved by the City in accordance with the provisions below. The following shall not constitute a Transfer: (a) A transfer of the Property from a deceased Borrower to the surviving spouse of Borrower if the surviving spouse is also named as a Borrower; Page 5 of 13 Initials 13-148 (b) A transfer of the Property by Borrower to his/her spouse pursuant to which the spouse becomes a co-owner of the Property; (c) A transfer of the Property resulting from a decree of dissolution of the marriage or legal separation or from a property settlement agreement incidental to such a decree which requires Borrower to continue to make payments on the Note and by which a spouse who is already a Borrower becomes the sole owner of the Property; (d) A transfer of the Property by Borrower to an inter-vivos trust in which Borrower is the sole beneficiary and which is done for estate planning purposes only and does not result in any change in possession of the Property; (e) A refinancing to which Beneficiary under this Deed of Trust is obligated to subordinate this Deed of Trust; and (f) A refinancing which does not result in cash excess paid to Borrower or which is used for debt consolidation, equity line of credit or similar purposes. (g) A conveyance by sale or otherwise, to a party which the City of Chula Vista City Manager, or his designee, determines meets all the requirements to be deemed a "Moderate Income Buyer" as defined in the "Affordable Housing Regulatory Agreement" filed for record with the County recorder of the San Diego County on , 2007 as Document No. 2007- Provided that Borrower is not in default under the terms of the Note or this Deed of Trust, no interest shall accrue under the Note. Nothing contained in this Paragraph or Section 8 of the Note shall be construed as a promise by Beneficiary to forgive or relinquish the right to seek repayment of the principal of the Note. NON-UNIFORM COVENANTS Borrower and Beneficiary further covenant and agree as follows: 17. Acceleration, Remedies. Upon Borrower's breach of any covenant or agreement of Borrower in this Deed of Trust, including the covenants to pay when due any sums secured by this Deed of Trust, and those contained in paragraph 17 hereof, the Beneficiary, prior to acceleration, shall give notice to Borrower as provided in Paragraph 12 hereof specifying: (a) The breach; (b) The action required to cure such breach; Page 6 of 13 Initials 13-149 (c) A date, not less than 10 days from the date the notice is mailed to Borrower, by which such breach must be cured; and (d) That failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Deed of Trust and sale of the Property . The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other defense of Borrower to acceleration of sale. If the breach is not cured on or before the date specified in the notice, Beneficiary, at Beneficiary's option, may declare all of the sums secured by this Deed of Trust to be immediately due and payable without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Beneficiary shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided in this Paragraph 17, including, but not limited to, reasonable attorneys' fees. If Beneficiary invokes power of sale, Beneficiary shall execute or cause Trustee to execute a written notice of the occurrence of an event of default and of Beneficiary's election to cause the Property to be sold and shall cause such notice to be recorded in each county in which the Property or some part thereof is located. Beneficiary or Trustee shall mail copies of such notice in the manner prescribed by applicable law. Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. After the lapse of such time as may be required by applicable law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in such order as Trustee may determine. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Beneficiary or Beneficiary's designee may purchase the Property at any sale. Trustee shall deliver to the purchaser Trustee's deed conveying the Property so sold without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) To all reasonable costs and expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees and costs of title evidence; (b) To all sums secured by this Deed of Trust; and c) The excess, if any, to the person or persons legally entitled thereto. 18. Borrower's Rillht to Reinstate. Not withstanding Beneficiary's acceleration of the sums secured by this Deed of Trust due to Borrower's breach, Borrower shall have the right to have any proceedings begun by Beneficiary to enforce this Deed of Trust discontinued at any time prior to five days before sale of the Property pursuant to the power of sale contained in this Deed of Trust or at any time prior to entry of a judgment enforcing this Deed of Trust if: (a) Borrower pays Beneficiary all sums, which would be then due under this Deed of Trust, and the Note, had no acceleration occurred; Page 7 of 13 Initials 13-150 (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in the Deed of Trust; (c) Borrower pays all reasonable expenses incurred by Beneficiary and Trustee in enforcing the covenants and agreements of Borrower contained in this Deed of Trust, and in enforcing Beneficiary's and Trustee's remedies as provided in Paragraph 18 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as Beneficiary may reasonably require to assure that the lien of this Deed of Trust, Beneficiary's interest in the Property and Borrower's obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. Upon such payment and cure by Borrower, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 19. Assillnment of Rents; Appointment of Receiver; Beneficiary in Possession. As additional security hereunder, Borrower hereby assigns to Beneficiary the rents of the Property, provided that Borrower shall, prior to any default by Borrower in payment of any indebtedness secured hereby or in performance of any agreement hereunder, have the right to collect and retain such rents as they become due and payable. . Upon any such default, the Beneficiary, in person, by agent or by judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the property including those past due. All rents collected by Beneficiary or the receiver shall be applied first to payment of the cost of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Deed of Trust. Beneficiary and the receiver shall be liable to account only for those rents actually received. The entering upon and taking possession of said property and the collection of such rents and the application thereof as aforesaid shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. 20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Beneficiary shall request Trustee to reconvey the Property an<;! will surrender this Deed of Trust and all Notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. 21. Substitute Trustee. The Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time appoint a successor trustee to any Trustee appointed hereunder by an instrument executed and acknowledged by Beneficiary and recorded in the office of the Recorder of the county where the Property is located. The instrument shall contain the name of the original Lender, Trustee and Borrower, the book and page where this Instrument is recorded and the name and address of the successor trustee. The successor trustee shall, without conveyance of the Property, succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law. This procedure for substitution of trustee shall govern to the exclusion of all other provisions for substitution. PageBof13 Initials 13-151 22. Request for Notices. Borrower requests that copies of the Notice of Default and Notice of Sale be sent to Borrower's address, which is the Property Address. Beneficiary requests that copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust be sent to Beneficiary's address, as set forth on Page One of this Deed of Trust as provided by Section 2924b of the Civil Code of California. 23. Fee for Requested Statements. The Beneficiary may charge a fee not to exceed Sixty Dollars ($60.00) for furnishing the statement of obligation as provided in Section 2943 of the Civil Code of California. 24. Deed of Trust Rider. The Deed of Trust Rider executed by Borrower is attached and made part of this Deed of Trust. 25. Covenants, Conditions and Restrictions. The Property is subject to Covenants, Conditions and Restrictions ('Restrictions") between the Beneficiary and the Borrower, that are not attached hereto but are incorporated by reference. Borrower acknowledges receipt of said Restrictions and agrees for him/her self/ his/her heirs, successors and assigns to be bound by the same. 26. Warranties of Borrower. Borrower warrants to City that: (a) Borrower is a first-time homebuyer; that is, s/he has not owned a home, or had any ownership interest in a home within a three-year (3 year) period immediately preceding the date of this Deed of Trust, and (b) That Borrower's annual gross income does not exceed eighty percent (80%) of the median income for the San Diego metropolitan area, as adjusted for family size, as said median income is determined by the U.S. Department of Housing and Urban Development (HUD), on the latter of: 1. The date of initial application to the City; or 2. The date of the recordation of this Deed of Trust. (c) That for so long as Borrower owns the Property, Borrower will reside in the Property as Borrower's principal place of residence. Borrower agrees not to sublet, lease or rent out the Property during the term of this Deed of Trust. 27. Subordination. The Beneficiary and Borrower acknowledge and agree that this Deed of Trust is subject to and will subordinate in all respects to the liens, terms, covenants and conditions of the First Trust Deed and to all advances heretofore made or wh ich may be hereafter be made pursuant to the First Trust Deed including all sums advanced for the purpose of: (a) Protecting or further securing the lien of the First Trust Deed, curing defaults by the Borrower under the First Trust Deed or for any other purpose expressly permitted by the First Trust Deed, and (b) Constructing, renovating, repairing, furnishing, fixturing or equipping the Property. Pag.901l3 Initials 13-152 The terms and provisions of the First Trust Deed are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith. In the event of a foreclosure of deed in lieu of foreclosure of the First Trust Deed, any provisions herein or any provision in any other collateral agreement restricting the use of the Property to low or moderate income households or otherwise restricting the Borrower's ability to sell the Property shall have no further force or effect on subsequent owners or purchasers of the Property. Any person, including his/her successors or assigns (other than the Borrower or a related entity of the Borrower), receiving title to the Property through a foreclosure or deed in lieu of foreclosure of the First Trust Deed shall receive title to the property free and clear from such restrictions. Further, if the Primary Lender acquires title to the Property pursuant to a deed in lieu of foreclosure, the lien of this Deed of Trust shall automatiCally terminate upon the Primary Lender's acquisition of title, provided that: (a) The Beneficiary has been given written notice of a default under the First Trust Deed, and (b) The Beneficiary shall not have cured the default under the First Trust Deed, or diligently pursued curing the default as determined by the Primary Lender, within the 60-day period provided in such notice sent to the Beneficiary. The Beneficiary and Borrower further acknowledge and agree that this Deed of Trust will only subordinate for a rate and term refinance of the First Trust Deed at the discretion of the Beneficiary and shall not be subject to subordination for a cash out refinance, equity line of credit or any other such form of refinance as deemed inappropriate by the Beneficiary. 28. Funds for Taxes and Insurance. The Beneficiary will waive collection of impounds for taxes and assessments (including condominium, planned unit development and planned residential development assessments, if any). Borrower will make all payments for impounds to First Trust Deed holder. 29. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] o Transfer Rider o 1-4 Family Rider o Other(s) [specify]: o Condominium Rider o PU D Rider BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Page 10 of 13 Initials 13-153 ACKNOWLEDGMENT: State of California County of San Diego On before me, , Notary, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature: DO NOT RECORD THIS PAGE Page 11 of 13 Initials 13-154 REQUEST FOR RECONVEYANCE TO TRUSTEE: The undersigned is the holder of the note or notes secured by this Deed of Trust. Said note or notes, together with all other indebtedness secured by this Deed of Trust, have been paid in full. You are hereby directed to cancel said note or notes and this Deed of Trust, which are delivered hereby, and to reconvey, without warranty, all the estate now held by you under this Deed of Trust to the person or persons legally entitled thereto. Dated: DO NOT LOSE OR DESTROY THIS DEED OF TRUST OR THE NOTE WHICH IT SECURES. BOTH MUST BE DELIVERED TO THE TRUSTEE FOR CANCELLATION BEFORE RECONVEYANCE WI LL BE MADE. Page 12 of 13 Initials 13-155 EXHIBIT "AU LEGAL DESCRIPTION Pagel3ofl3 Initials 13-156 EXHIBIT D FORM OF SUPPLEMENTAL BUYER APPLICATION EXHIBIT D 13-157 065550-0009 251465.3 doc SCHEDULE 1 LIST OF MARKET RATE PRICES SCHEDULE 1 06SSS0-UOO9 251465.3 doc 13-158