HomeMy WebLinkAbout2010 CC RESO 2010-75 CDC San Diego Habitat for Humanity - First Time Homebuyer Promissory Notes ForgivenessRESOLUTION NO. 2010 — 75
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY APPROVING
AN AMENDMENT TO THE DISPOSITION AND DEVELOPMENT
AGREEMENT WITH SAN DIEGO HABITAT FOR HUMANITY, INC.,
ALLOWING FOR FIRST-TIME HOMEBUYER PROMISSORY NOTES
TO BE FORGIVEN ON THE FORTY-FIFTH ANNIVERSARY DATE
OF THE RECORDING OF THE AFFORDABLE HOUSING RESALE
RESTRICTIONS, OPTION TO DESIGNATE ELIGIBLE PURCHASERS
AND OPTION TO PURCHASE UPON DEFAULT AGREEMENT
WHEREAS, the Community Development Commission of the City of National
City ("CDC") is implementing the Redevelopment Plan for the National City Redevelopment
Project; and
WHEREAS, the CDC acquired the property located at 1441 Harding Avenue
using $400,000 in federal HOME funds to develop an affordable housing project; and
WHEREAS, San Diego Habitat for Humanity, Inc., is a certified Community
Housing Development Organization qualified to develop an affordable housing project utilizing
federal HOME funds, and was selected on October 17, 2006, by the CDC to develop said
property; and
WHEREAS, on December 19, 2006, the CDC entered into an Exclusive
Negotiations Agreement (ENA) with Habitat for Humanity to prepare plans for the development
of affordable housing on the site; and
WHEREAS, on December 1, 2008, the National City Planning Commission
recommended approval of the Project; and
WHEREAS, on December 2, 2008, City Council allocated $272,119 in HOME
Investment Partnerships Program income funds; and
WHEREAS, on April 21, 2009, the CDC entered into a Development and
Disposition Agreement (DDA) with San Diego Habitat for Humanity to develop three for -sale
single-family units affordable to families earning 60-percent of the Area Median Income as
defined by the U.S. Department of Housing and Urban Development
WHEREAS, San Diego Habitat for Humanity has worked diligently to process
land use entitlements and permits for the project; and
WHEREAS, San Diego Habitat for Humanity is requesting that the CDC amend
the DDA to reflect that loans to eligible families be entirely forgiven on the forty-fifth (45th)
anniversary date that the Resale Restriction is recorded against the restricted unit.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute an
Amendment to the Disposition and Development Agreement with San Diego Habitat for
Humanity to develop an affordable housing project at 1441 Harding Avenue in National City,
including provisions that loans be entirely forgiven on their 45th anniversary date if certain
criteria are met. Said Amendment to Disposition and Development Agreement is on file in the
office of the City Clerk.
-- Signature Page to Follow --
Resolution No. 2010 — 75
April 6, 2010
Page Two
PASSED and ADOPTED this 6th day of April, 201
A
on Morrison, Chairman
ATTEST:
1
Bra•1'�n�="; Secretary
APPROVED AS TO FORM:
George H."Eiser, III
City Attorney
Passed and adopted by the Community Development Commission of the City of
National City, California, on April 6, 2010, by the following vote, to -wit:
Ayes: Commissioners Morrison, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secre
evelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2010-75 of the Community Development Commission of the City of
National City, California, passed and adopted on April 6, 2010.
Secretary, Community Development Commission
By:
Deputy