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HomeMy WebLinkAboutCC RESO 2021-74RESOLUTION NO. 2021 - 74 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, APPROVING AN AFFORDABLE HOUSING DENSITY BONUS AGREEMENT WITH 129 NCB, LLC, FOR THE DEVELOPMENT OF 14 UNITS LOCATED AT 129 NATIONAL CITY BOULEVARD, NATIONAL CITY, CALIFORNIA WHEREAS, 129 NCB LLC ("Developer") wants to develop its property located at 129 National City Boulevard, National City, California; and WHEREAS, current zoning allows for the construction of ten (10) units by right; and WHEREAS, the Developer will restrict the rent and occupancy of two (2) units to very low-income households (below fifty percent (50%) of area median income) in exchange for a density bonus of thirty-five percent (35%) mandated by the California Government Code Sections 65915 — 65918, which will allow the construction of an additional four (4) units for a total of fourteen (14) units on the property; and WHEREAS, the Affordable Density Housing Bonus Agreement ("Agreement") will serve to memorialize the Developer's obligation to provide the two (2) affordable units and the restriction of the affordable units by the recordation of this Agreement assuring affordability for a total of fifty-five (55) years; and WHEREAS, a Performance Deed of Trust will also be recorded to secure the Agreement on the property. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1: Approves an Affordable Housing Density Bonus Agreement with 129 NCB, LLC, restricting the rent and occupancy of two (2) units to very low-income households in exchange for one density bonus concession pursuant to California Government Code Sections 65915 — 65918 for the development of fourteen (14) units located at 129 National City Boulevard, in National City, California. Section 2: That the City of National City will record a Performance Deed of Trust securing the timely performance of the Affordable Housing Density Bonus Agreement, and after it is recorded in the County of San Diego, a copy of said Deed of Trust will be on file in the Office of the City Clerk. Resolution No. 2021 — 74 Page Two Section 3: The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions. PASSED and ADOPTED this 15th day of June 2021. Alejandra Sotelo-Solis, Mayor ATT ST: it,I1 Luz olina, City APPROVED AS TO FORM: c Charles E. Bell Jr., C. ttorney Passed and adopted by the Council of the City of National City, California, on June 15, 2021, by the following vote, to -wit: Ayes: Sotelo-Solis, Rodriguez, Bush, Morrison, Rios. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS Mayor of the City of National City, California LUZ MOLINA City Clerk of the City of National City, California BY: J ,,� ;A:�, Shelley Chapel, M, Deput' i City Clerk I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2021-74 of the City of National City, California, passed and adopted by the City Council of said City on June 15, 2021. Ch4Luz Molina, C y Ierk