HomeMy WebLinkAboutCC RESO 2023-165RESOLUTION NO.2023 -165
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA (1) APPROVING AN AFFORDABLE HOUSING DENSITY BONUS
AGREEMENT WITH KD Cove, LLC, A CALIFORNIA LIMITED PARTNERSHIP,
RESTRICTING THE RENT AND OCCUPANCY OF FIVE (5) UNITS TO VERY LOW
INCOME HOUSEHOLDS IN EXCHANGE FOR ONE INCENTIVE PURSUANT TO
CALIFORNIA GOVERNMENT CODE SECTIONS 65915 — 65918 FOR THE
DEVELOPMENT OF 9 HOUSING UNITS LOCATED AT 204 E. 31ST STREET IN
NATIONAL CITY
WHEREAS, EAS, KD Cove, LLC, a California Limited Partnership ("Developer") is
developing the property located at 200 E 31st Street; and
WHEREAS, current zoning allows for the construction of 113 units by right; and
WHEREAS, the Developer will restrict the rent and occupancy of five units to
very low income households (below 50% of area median in ome) in exchange for one
incentive, 1) Remove common open space requirements for the project, mandated by
California Government Code Sections 65915— 65918; and
WHEREAS, the Affordable Density Housing Bonus Agreement ("Agreement") wilt
serve to memorialize the Developer's obligation to provide the five 5 affordable units and
the restriction of the affordable units by the recordation of this Agreement assuring
affordability for a total of fifty-five 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 KD
Cove, LLC, a California Limited Partnership, restricting the rent and occupancy of five(5)
units to a ver low inome household in exchange for one incentive pursuant to California
Government Code Sections 65915 — 65918for the development of 92 housing units
located at 200 E 31 st Street in National City.
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
Section 3: The City Clerk shall certify the passage and adoption of this Resolution
and enter it into the book of original Resolutions.
)vjAcji,1
Shelley Chap-eUMMti
PASSED and ADOPTED this the 5th day of December 2023.
Ron Morrison, Mayor
ATTEST:
l
ity Clerk
APPROVED AS TO FORM:
M:
Barry J. City Atto rr
Passed and adopted by the City Council of the City of National City, California, on
December 5, 2023 by the following roll -call vote, to -wit:
Ayes: Bush, Rodriguez, Yamane, Molina, Morrison
Nays: None.
Absent: None.
Abstain: None.
UTHENTI ATE BY: Ron Morrison
BY:
Mayor of the City of National City, California
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City Clerk of the City National City, California
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Shelley Chapel, M�
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City Cler