HomeMy WebLinkAbout2010 CC RESO 2010-219 CDCRESOLUTION NO. 2010 — 219
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING
THE CHAIRMAN TO EXECUTE AN EXCLUSIVE NEGOTIATING
AGREEMENT WITH SENIOR VILLAGE HOUSING PARTNERS, LLC,
BASED ON A COMPETITIVE REQUEST FOR QUALIFICATIONS
PROCESS CONDUCTED FOR CONSIDERATION OF AN EXPANSION
AND ENHANCEMENT OF THE KIMBALL AND MORGAN TOWER
PROJECT SITE TO INCLUDE REHABILITATION OF THE EXISTING
BUILDINGS AND THE ADDITION OF APPROXIMATELY
200 NEW AFFORDABLE SENIOR UNITS
WHEREAS, the Community Development Commission of the City of National
City ("CDC") owns approximately 7.1 acres at 1317 and 1415 D Avenue, commonly referred to
as the Kimball and Morgan Towers site (Assessor Parcel Numbers 561-410-06-00, 561-410-05-
00, and 561-410-04-00) ("Senior Village"); and
WHEREAS, the CDC is interested in having the Senior Village site developed,
expanded, and enhanced to include 200 additional low-rise senior apartments that would be
integrated into the existing Senior Village site, the removal of the existing senior center and the
development of a new center, and the conversion of asphalt parking lots to gardens and park
features (the "Project") all of which was part of a Request for Qualifications previously issued;
and
WHEREAS, the Housing Element (a required section in the General Plan) lays
out an objective of continuing to provide housing opportunities and improve the housing stock to
accommodate the high percentage of low income senior households; and
WHEREAS, the CDC issued a Request for Qualifications seeking qualifications
from experienced non-profit or for -profit developers to enter into an Exclusive Negotiation
Agreement to complete due diligence and design, followed by a Disposition and Development
Agreement to upgrade existing structures and expand senior living facilities; and
WHEREAS, The Chelsea Investment Corporation, Senior Community Centers,
and Housing Development Partners (collectively, "Developer") responded jointly to the RFQ to
partner in development and rehabilitation of the Senior Village, and to provide resident services
for all affordable housing residents in the Project; and
WHEREAS, the Developer has formed a partnership known as Senior Village
Housing Partners, LLC; and
WHEREAS, the Developer is interested in developing an affordable senior
housing development, consisting of approximately 200 affordable residential units, and
rehabilitating and enhancing the existing buildings and common area; and
WHEREAS, the CDC, and Senior Village Housing Partners, LLC, desire to enter
into an Exclusive Negotiating Agreement to initiate exclusive negotiations for up to three
hundred and sixty-five (365) days (hereafter referred to as "Exclusive Negotiation Period") to
allow Senior Village Housing Partners, LLC, to (i) undertake due diligence activities regarding
the Project; (ii) prepare a market feasibility study; (iii) develop a pro forma showing the fiscal
feasibility; (iv) obtain the necessary debt and financing; (v) develop the conceptual
Resolution No. 2010 — 219
Page 2
development plan of the Project; (vi) establish the responsibilities, schedule, and financial
parameters for developing the Project; and (vii) negotiate a Disposition and Development
Agreement.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute an
Exclusive Negotiation Agreement with Senior Village Housing Partners, LLC, for an expansion
and enhancement of the Kimball and Morgan Tower Project site to include rehabilitation of the
existing buildings and the addition of approximately 200 new affordable senior units. Said
Exclusive Negotiation Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 21 st day of September, 2010.
n Morrison, airman
ATTEST:
Brad Ra ' • •=ecretary
A'PROVED AS TO FORM:
udia S41
General Cou _ ,
Passed and adopted by the Community Development Commission of the City of
National City, California, on September 21, 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
Secretary, Co yvfFi�uyr iy B�velopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2010-219 of the Community Development Commission of the City
of National City, California, passed and adopted on September 21, 2010.
Secretary, Community Development Commission
By:
Deputy