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HomeMy WebLinkAboutCC RESO 2019-140RESOLUTION NO. 2019 — 140 RESOLUTION OF CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING AN AFFORDABLE HOUSING DENSITY BONUS AGREEMENT WITH C AVENUE 8 PLEX, LLC, FOR THE DEVELOPMENT OF 10 UNITS LOCATED AT 1821 "C" AVENUE AND RESTRICTING THE RENT AND OCCUPANCY OF ONE (1) UNIT TO A LOW INCOME HOUSEHOLD IN EXCHANGE FOR A DENSITY BONUS PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTIONS 65915 — 65918 WHEREAS, C Avenue 8 Plex, LLC ("Developer") is the owner of that certain real property generally located at 1821 "C" Avenue ("Property"), in the City of National City, County of San Diego; and WHEREAS, the General Plan and Zoning Ordinance of the City of National City permit no more than eight (8) housing units on the Property; and WHEREAS, Developer proposes to develop a total of ten (10) housing units on the Property ("Development"); and WHEREAS, pursuant to Government Code Section 65915, and Sections 18.48.030, et seq. of the National City Municipal Code, the Developer has proposed to construct and restrict the rent and occupancy of one (1) residential dwelling unit ("Affordable Unit") to a low-income household in exchange for a density bonus ("Density Bonus") which will allow the construction of the ten (10)-unit Development on the Property; and WHEREAS, in addition to the Density Bonus, the Developer is entitled to receive incentives and concessions as set forth in Government Code Section 65915 and the Developer has independently and of its own free will chosen not to receive any such incentives or concessions; and WHEREAS, the Affordable Housing Density Bonus Agreement ("Agreement") will serve to memorialize Developer's obligation to provide the one (1) Affordable Unit including the time frame for the construction and occupancy of the Affordable Unit and the restriction of the Affordable Unit by the recordation of the Agreement assuring affordability for a total of fifty-five (55) years measured from the issuance of final inspection approval for the Development; and WHEREAS, a Performance Deed of Trust will also be recorded for the purpose of securing the timely performance of the Agreement and the performance of each agreement contained in the Performance Deed of Trust. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City, approves the Affordable Housing Density Bonus Agreement with C Avenue 8 Plex, LLC, for the development of 10 units located at 1821 "C" Avenue and restricting the rent and occupancy of one (1) unit to a low income household in exchange for a density bonus as mandated by California Government Code Sections 65915 - 65918. After being recorded by the County of San Diego, a copy of said Agreement will be on file in the Office of the City Clerk. Resolution No. 2019 — 140 Page Two BE IT FURTHER RESOLVED that City Council of the City of National City will record a Performance Deed of Trust securing the timely performance of the Affordable Housing Density Bonus Agreement. After being recorded by the County of San Diego, a copy of said Deed of Trust will be on file in the Office of the City Clerk. PASSED and ADOPTED this 15th of October, Ale . ndra So elo-Solis, Mayor ATTEST: sr Mic ael R. D a, City Clerk APPROVED AS TO FORM: Passed and adopted by the Council of the City of National City, California, on October 15, 2019 by the following vote, to -wit: Ayes: Councilmembers Cano, Morrison, Quintero, Rios, Sotelo-Solis. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS Mayor of the City of National City, California A 1dJ4L&City Clerk of the City ational City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2019-140 of the City of National City, California, passed and adopted by the Council of said City on October 15, 2019. City Clerk of the City of National City, California By: Deputy