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HomeMy WebLinkAboutcc min 2008/02/26 Sp RDA MINUTES OF AN ADJOURNED REGULAR MEETING OF THE CITY COUNCIL AND A SPECIAL MEETING OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA February 26, 2008 6:00 p.m. A Special Meeting of the Redevelopment Agency of the City of Chula Vista was called to order at 6:04 l?m., in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula Vista, Califorma. ROLL CALL: PRESENT: Agency Members: Castaneda, McCann, Ramirez, Rindone, and Chair Cox ABSENT: Agency Members: None ALSO PRESENT: City Manager/Executive Director Garcia, City Attorney/General Counsel Moore, Interim City Clerk Norris, Deputy City Clerk Bennett CONSENT CALENDAR (Items I and 2) I. APPROVAL OF MINUTES of the Adjourned Regular Meeting of February 5, 2008. Staff recommendation: Agency approve the minutes. 2. JOINT CITY COUNCIL RESOLUTION NO. 2008-065, AND REDEVELOPMENT AGENCY RESOLUTION NO. 2008-1992 OF THE CITY OF CHULA VISTA AUTHORIZING (I) AN AMENDMENT TO THE EXISTING AFFORDABLE HOUSING REGULATORY AGREEMENT AND ITS FIRST AMENDMENT FOR THE 115 MODERATE INCOME FOR-SALE UNITS AND THE 92 LOW-INCOME RENTAL UNITS; AND (2) AN AMENDMENT TO THE AFFORDABLE HOUSING AGREEMENT FOR THE 92 LOW-INCOME RENTAL UNITS IN NEIGHBORHOOD R-19 IN OTAYRANCH VILLAGE ELEVEN Brookfield Shea 0tay LLC, the City of Chula Vista and/or Agency have previously entered into several regulatory and financial agreements for the purpose of providing affordable housiDg opportunities within the Winding Walk master planned community. In partial satisfaction of these agreements, CIC Landing, LLC (CIC) IS constructing and will own and operate a 92-unit, low-income apartment development, known as the Landings at Winding Walk. Dering the closing of escrow and secunng of financing for the project, CIC determined that amendments were necessary to the Affordable Housing Regulatory Agreement, its first amendment, and the Affordable Housing Agreement to clarify the affordable housing obligations and conflicts of law. Adoption of the resolution amends these agreements. (Housing and Redevelopment Agency Assistant Director) Staff recommendation: Council and Agency adopt the resolution. ACTION: Deputy Mayor/Agency Member Rindone moved to approve staffs recommendations and offered the Consent Calendar, headings read, text waived. Council/Agency Member Ramirez seconded the motion and it carried 5-0. ITEMS REMOVED FROM THE CONSENT CALENDAR There were none. PUBLIC COMMENTS There were none. OTHER BUSINESS 3. CITY MANAGER/EXECUTIVE DIRECTOR'S REPORTS There were none. 4. MAYOR/CHAIR'S REPORTS There were none. 5. COUNCIL/AGENCY MEMBERS' COMMENTS There were none. ADJOURNMENT At 6:06 p.m., Mayor/Chair Cox adjourned the Redevelopment Agency meeting to the Regular Meeting of March 4, 2008 at 4:00 p.m. in the Council Chambers. .----- ---~ Lorraine Bennett, CMC, Deputy City Clerk