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HomeMy WebLinkAbout2025 03-18 CC AGENDA PKT - SPECIALAGENDA Special Meeting City Council Chamber - 1243 National City Boulevard, National City, CA Ron Morrison, Mayor Marcus Bush, Vice-Mayor – District 4 Benjamin A. Martinez, City Manager Luz Molina, Councilmember- District 1 Barry J. Schultz, City Attorney Jose Rodriguez, Councilmember -District 2 Shelley Chapel, MMC, City Clerk Ditas Yamane, Councilmember – District 3 _______________________________________________________________________ The City Council also sits as the City of National City Community Development Commission, Housing Authority, Joint Powers Financing Authority, and Successor Agency to the Community Development Commission as the National City Redevelopment Agency Thank you for participating in local government and the City of National City Council Meetings. Meetings: Regular City Council Meetings are held on the first and third Tuesday of the month at 6:00 p.m. Special Closed Session Meetings and Workshops may be same day, the start time is based on needs. Check Special Agendas for times. Location: Regular City Council Meetings are held in the Council Chamber located at City Hall, 1243 National City Boulevard, National City, CA 91950, the meetings are open to the public. Agendas and Material: Agendas and Agenda Packet for items listed are available on the City website, and distributed to the City Council no less than 72 hours before the City Council Meeting. Sign up for E-Notifications to receive alerts when items are posted. Public Participation: Encouraged in a number of ways as described below. Members of the public may attend the City Council Meeting in person, watch the City Council Meeting via live web stream, or participate remotely via Zoom. Recording of Meetings are archived and available for viewing on the City’s website. To listen to the live stream in Spanish, you must register for Zoom prior to the meeting for access. All Zoom registration must be completed two (2) hours prior to the City Council Meeting for access. Public Comment: Persons wishing to address the City Council on matters not on the agenda may do so under Public Comments. Those wishing to speak on items on the agenda may do so when the item is being considered. Please submit a Speaker’s Slip to the City Clerk before the meeting or immediately following the announcement of the item. All comments will be limited up to three (3) minutes. The Presiding Officer shall have the authority to reduce the time allotted to accommodate for a large number of speakers. (City Council Policy 104) All written comment must be submitted no later than four (4) hours prior to the start of the meeting to allow time for distribution to the City Council. EFFECTIVE JANUARY 1, 2023 All Contributions to Candidates and Current Elected Officials are required to self-report a Declaration of Campaign Contribution to a Councilmember of more than $250 within the past year (effective Jan 1, 2023). This report may be included on the Public Comment Speaker Slip to be completed prior to the City Council Meeting. Spanish Interpretation Services: Spanish Interpretation Services are available; please contact the City Clerk before the start of the meeting for assistance. American Disabilities Act Title II: In compliance with the American Disabilities Act of 1990, persons with a disability may request an agenda in appropriate alternative formats as required by Title II. Any person with a disability who requires a modification or accommodation to participate in a meeting should direct such request to the City Clerk’s Office (619) 336-4228 at least 24 hours in advance of the meeting. AGENDA Special Meeting City Council Chamber - 1243 National City Boulevard, National City, CA Ron Morrison, Mayor Marcus Bush, Vice-Mayor – District 4 Benjamin A. Martinez, City Manager Luz Molina, Councilmember- District 1 Barry J. Schultz, City Attorney Jose Rodriguez, Councilmember -District 2 Shelley Chapel, MMC, City Clerk Ditas Yamane, Councilmember – District 3 _______________________________________________________________________ The City Council also sits as the City of National City Community Development Commission, Housing Authority, Joint Powers Financing Authority, and Successor Agency to the Community Development Commission as the National City Redevelopment Agency Gracias por participar en las reuniones del gobierno local y del Consejo de la Ciudad de National City. Reuniones: Las reuniones regulares del Consejo Municipal se llevan a cabo el primer y tercer martes del mes a las 6:00 p.m. La reunión especial de sesión privada y los talleres pueden ser el mismo día, la hora de inicio se basa en las necesidades. Consulte las agendas especiales para conocer los horarios. Ubicación: Las reuniones regulares del Concejo Municipal se llevan a cabo en la Cámara del Consejo ubicada en el Ayuntamiento, 1243 National City Boulevard, National City, CA 91950, las reuniones están abiertas al público. Agendas y Material: Las Agendas y el Paquete de Agenda para los temas enumerados están disponibles en el sitio web de la Ciudad y se distribuyen al Concejo Municipal no menos de 72 horas antes de la Reunión del Concejo Municipal. Regístrese para recibir notificaciones electrónicas cuando se publiquen artículos. Participación pública: Se fomenta de varias maneras como se describe a continuación. Los miembros del público pueden asistir a la Reunión del Concejo Municipal en persona, ver la Reunión del Concejo Municipal a través de la transmisión web en vivo o participar de forma remota a través de Zoom. Las grabaciones de las reuniones están archivadas y disponibles para su visualización en el sitio web de la Ciudad. Para escuchar la transmission en Español, registration por Zoom es requerido antes del comienzo de la sesión. Todo registro para la trasmisión por Zoom debe completarse dos (2) horas antes de la Reunión del Concejo Municipal. Comentario Público: Las personas que deseen dirigirse al Concejo Municipal sobre asuntos que no están en la agenda pueden hacerlo bajo Comentarios públicos. Quienes deseen hacer uso de la palabra sobre los temas del programa podrán hacerlo cuando se esté examinando el tema. Por favor, envíe una solicitud del orador al Secretario de la Ciudad antes de la reunión o inmediatamente después del anuncio del artículo. Todos los comentarios estarán limitados a tres (3) minutos. El Presidente tendrá la autoridad para reducir el tiempo asignado para dar cabida a un gran número de oradores. (Política del Concejo Municipal 104) Si desea enviar comentarios por escrito, envíe un correo electrónico a la Oficina del Secretario de la Ciudad al menos 1 hora antes de la Reunión del Consejo Municipal para dar tiempo a la distribución al Consejo Municipal. Todos comentarios deben estar sometidos a más tardar cuatro (4) horas antes del comienzo de la sesión. A PARTIR DEL 1 DE ENERO DE 2023 Todas las contribuciones a los candidatos y funcionarios electos actuales deben autoinformar una Declaración de contribución de campaña a un concejal de más de $ 250 en el último año (a partir del 1 de enero de 2023). Este informe puede incluirse en el Recibo del orador de comentarios públicos que se completará antes de la reunión del Concejo Municipal Servicios de interpretación en español: Los servicios de interpretación en español están disponibles, comuníquese con el Secretario de la Ciudad antes del inicio de la reunión para obtener ayuda. Título II de la Ley de Discapacidades Americanas: En cumplimiento con la Ley de Discapacidades Americanas de 1990, las personas con discapacidad pueden solicitar una agenda en formatos alternativos apropiados según lo requerido por el Título II. Cualquier persona con una discapacidad que requiera un modificación o adaptación para participar en una reunión debe dirigir dicha solicitud a la Oficina del Secretario de la Ciudad (619) 336-4228 al menos 24 horas antes de la reunión. AGENDA City Council Workshop Tuesday, March 18, 2025, 5:00 p.m. City Council Chamber - 1243 National City Boulevard National City, CA Pages 1.CALL TO ORDER 2.ROLL CALL 3.PLEDGE OF ALLEGIANCE 4.PUBLIC COMMENT (Public Comment will be Restricted to Agenda Items Only) 5.STAFF REPORT 5.1 Own National City Homeownership Study Preliminary Findings and Request for Proposals to Develop Affordable Homeownership on Six (6) City-Owned Properties. 2 Recommendation: Provide Comment and Accept the Report on Own National City Homeownership Study Preliminary Findings. 6.ADJOURNMENT AGENDA REPORT Department: Community Development Prepared by: Angelita Palma, Community Development Manager David McEachern, Community Development Specialist II Meeting Date: Tuesday, March 18, 2025 Approved by: Benjamin A. Martinez, City Manager SUBJECT: Own National City Homeownership Study Preliminary Findings and Request for Proposals to Develop Affordable Homeownership on Six (6) City-Owned Properties. RECOMMENDATION: Provide Comment and Accept the Report on Own National City Homeownership Study Preliminary Findings. BOARD/COMMISSION/COMMITTEE PRIOR ACTION:  City Council Resolution 2023-139, Management of Real Property Policy 901 Amendment  CDC-HA Resolution 2024-89, Local Preference Policy Amendment  City Council Resolution 2023-111, SANDAG HAP 2.0 grant application for “Own National City”  CDC-HA Resolution 2024-93, RFQ for On-Call Housing Consulting Services  CDC-HA Resolution 2024-94, Authorization to use HAP 2.0 grant funds for Own National City  CDC-HA Resolution 2025-95, RFP Agreement for City-Owned Properties for Homeownership EXPLANATION: WORKSHOP AGENDA  Background  Introduction: Own National City Study  Homeownership Program Assessment & Discussion  Site Assessments & Discussion  RFP Overview & Next Steps BACKGROUND The City of National City (“City”) seeks to increase homeownership opportunities for National City residents by offering City-owned property for development. Historically, the majority of City-owned property used for housing in National City has been allocated to meet the need for affordable rental housing. However, the City of National City (“City”) has an extensive history of creating homeownership opportunities through the First-Time Homebuyer Program and infill development using the Low- and Moderate-Income Housing Fund Page 2 of 53 and HOME Investment Partnership (HOME) funds from the U.S. Department of Housing and Urban Development (HUD). The last City-funded homeownership development was completed in 2022 f or six affordable townhomes located at 401-421 W 18th Street. The City leveraged $435,027 in HOME funds and $400,000 in donated land as construction funding, which was later converted into a buyer subsidy. The units were sold to qualified first-time homebuyers from National City who earn at or below 80% of the Area Median Income (“AMI”). All new homeowners received pre- and post-home buyer counseling. In addition to the homeownership infill development mentioned above, the City Council has recently taken the actions listed below to support homeownership and help reduce the homeownership disparity between National City and the surrounding region. The Focused General Plan Update (FGPU) accomplished many of the actions below. Five-year Housing Strategic Plan Adopted in August 2021  The Housing Strategic Plan establishes guidance for the Community Development Commission-Housing Authority (“CDC-HA”) to utilize City-owned real estate and its financial assets for housing purposes to stimulate housing programs, including first -time homebuyer opportunities.  Six (6) City-owned properties are identified in the Housing Strategic Plan for consideration for housing development and homeownership projects. 6th Cycle Housing Element Adopted in August 2021  The Housing Element is a state-mandated comprehensive strategy for promoting the production, preservation, and maintenance of affordable housing to meet current and future community housing needs. The Housing Element establishes goals, policies, and programs to address housing needs for an eight-year planning period (April 2021 through April 2029). o Policy 5-4: Support increased homeownership across all income levels for National City residents. City Council Policy # 901 Management of Real Property Amendment in August 2023  The Policy was amended for the development of city-owned property zoned for residential use to require homeownership units to be built with maximized affordability, and that 75% of the units will be sold to National City Residents. (Exhibit B, Appendix E) Municipal Code Amendments to Revise Title 18 Ordinance Adopted in April 2024  Title 18 was updated to comply with Housing Element policies and State housing legislation. The Municipal Code update included the incorporation of Objective Design Standards (neighborhood compatibility) and the Floor Area Ratio Bonus Regulations. The updates aimed to ease the local impacts of the statewide housing crisis by facilitating easier housing development, encouraging deed-restricted affordable housing construction, or allowing for a variety of housing types.  “House National City Density Bonus Opt-In Incentive Program” was adopted as part of the Title 18 update to incentivize affordable and mixed-income, both rental and for-sale Page 3 of 53 options, in strategic areas across the city. Qualifying projects receive a Floor Area Ratio (“FAR”) bonus in exchange for affordable housing. Land Use Element Update Objectives Adopted in April 2024  Aid in increasing housing in areas that have access to transit and resources  Assist in adding housing units to meet community needs Housing Acceleration Program (HAP) 2.0 Grant Funding Approved in 2023-2024  SANDAG awarded grant funding for the Study.  HAP 2.0 will implement the HAP 1.0 FGPU plans and policies. Support of Workshops, Classes, and Seminars for First-Time Homebuyers  Springboard CDFI (“Springboard”) provides HUD-approved information, resources, and tools to purchase a home. Topics include but are not limited to improving credit scores, how credit affects purchasing power, home loan options, down payment assistance, and real estate purchases.  Springboard maintains a Homeownership Training Office located at the Paradise Creek Apartments in National City. Springboard offers virtual and in-person Homebuyer Education Workshops to empower families to achieve homeownership. The City Council has provided staff direction to provide long-term affordability, payment stability, and equity in homeownership for its residents. Recognizing this priority, Staff saw an opportunity to advance the City Council's goals and address the community's need for homeownership. Over the past year, staff has diligently worked on the Own National City project. To develop the project concept fully, staff engaged in public outreach, speaking with residents, service providers, developers, consultants, and local jurisdictions. Best practices were analyzed, and letters of support were secured before applying for the Own National City project. Staff continues to pursue both public and private grant funding to facilitate affordable homeownership development, specifically for National City residents whose median income is below 50% of the region's Area Median Income. INTRODUCTION TO "OWN NATIONAL CITY" The City’s new homeownership program, called “Own National City,” consists of two parts: a grant-funded study of homeownership models and site assessments (“Study”), and a Request for Proposals (RFP) for six (6) City-owned properties. Part I. The "Study" | Keyser Marston Associates Inc. (KMA) was contracted to assess six (6) City-owned properties for homeownership development. This study, still underway, explores various homeownership models using a $450,000 grant from the San Diego Association of Governments (“SANDAG”) Housing Acceleration Program 2.0 (HAP 2.0). The study aims to:  Help accelerate infill development, thereby increasing housing supply, choice, and affordability  Facilitate homeownership opportunities that will help rectify National City's overrepresentation of renters. Only 34.2% of the National City population are homeowners Page 4 of 53 compared with 54.5% for the surrounding San Diego County1 Reduce vehicle miles traveled – the parcels for the study are within close proximity to transit, which will help reduce VMT and associated emissions  Provide new housing on vacant City parcels to contribute toward the City’s RHNA objectives  Evaluate options available via City site ownership, providing control over the type of housing built and the degree of affordability for future residents.  Affirmatively further fair housing by building housing for homeownership in census tracts that are primarily in Low or Moderate Resource Areas As part of the Study, KMA will assess the development potential and feasibility of potential homeownership models to determine which model(s) would be the best to pursue on the City- owned properties. The scope of services for the Study includes:  Site reconnaissance: Collect site-specific information, data, maps, plans, legal info, and other relevant documents. This information will provide direction and parameters on potential usage.  Evaluate demographic and economic trends: Gather data and review trends in the local market area, including population, households, income, and employment, to understand the market context within which the sites will be developed.  Survey best practices: Research examples of implemented innovative homeownership models. This will include a review of key approaches of programmatic elements and interviews of participants and stakeholders involved.  Perform development feasibility analyses utilizing different homeownership models. Evaluate various parameters to reveal under which conditions each site and homeownership model may be feasibly developed.  Output viable development scenarios for studied sites to inform the proposed City RFP. Transition to draft the RFP for interested development organizations. The site studies will be utilized as guides for the RFP to highlight viable options. A comprehensive report containing the findings of each task, which will include summary exhibits and detailed technical appendices, will be completed and publicly available in June 2025. Homeownership Assessment As part of the Study, the KMA Team researched best practices and case studies of limited equity homeownership programs, namely deed restrictions (“DRs”), community land trusts (“CLTs”), and limited equity housing cooperatives (“LEHCs”), among others. Below is a summary description of each of the programs evaluated. 1 2019-2023 American Community Survey Page 5 of 53 LIMITED EQUITY MODELS Deed Restrictions Community Land Trusts Limited Equity Housing Cooperatives How it Works Legal covenants placed on property that limits how property can be used for a period of time Nonprofit acquires land and leases it to homeowners through low-cost, long-term ground leases A group of residents collectively own a building. Each household owns a share representing their unit Land Ownership Homeowner owns the land outright Nonprofit owns land and ground leases it to homeowners Residents collectively own land Resident Control Direct control except for restrictions in the deed restrictions Least amount of control through Tripartite Board structure Direct control through membership in Co-op Resale/Equity Restrictions Restricted equity for a set period of time Restricted equity into perpetuity * Restricted equity into perpetuity * * Unless the CLT/LEHC entity is dissolved. Methodology and Approach The KMA Team’s preliminary assessment of homeownership programs included the following key tasks:  Preparation of case studies of various homeownership models  Identification of program design options for each type of housing program  Review of typical levels of affordability served by each type of program; and  Assessment of key considerations for administration In addition, the KMA Team conducted 16 stakeholder interviews with market -rate and affordable housing developers, local jurisdictions, and other groups and organizations with expertise in affordable homeownership. The stakeholder interviews provided diverse perspectives on the challenges of providing affordable homeownership opportunities. A key interview and research effort included a discussion with Casa Familiar regarding their proposed Avanzando San Ysidro development. The project proposes the development of 103 rental units. The rental project, which has secured most of its funding sources, will be financed with Low Income Housing Tax Credits, a tax-exempt bond, State resources, developer contributions, and local funds. Using a CLT, the project will convert into an affordable for -sale owner-occupied condominium development after the 15-year Tax Credit compliance period. Page 6 of 53 The KMA Team also studied the impact of California’s Construction Defect Liability (“CDL”) environment on the development of condominiums throughout the State. PRELIMINARY FINDINGS Limited Equity Homeownership Models None of the homeownership models studied solved the upfront capital requirements for homeownership development. Instead, the models assist in meeting other goals such as targeted levels of affordability and long-term resident control. Ultimately each model has its own advantages relative to the other models with none standing out above the others offering a clear advantage to homebuyers and local jurisdictions. DRs can be flexible with the ability to mimic the affordability perpetuity of CLTs and LEHCs by resetting the restriction period through resale requirements. Ongoing operations of CLTs typically require an increase in the number of units included in the land trust over time or an increase in ground lease payments to sustainably cover the CLT’s ongoing operating costs. An increase in ground lease payments, however, may result in a payment that is unaffordable to existing owners. The LEHC model typically involves the acquisition of an existing building by existing tenants rather than new construction, as it is more practical to organize tenants that already reside together. Committed stewardship by the developer and local jurisdiction is required for homebuyers’ long- term success. This includes qualifying new homebuyers, monitoring primary residence status, approving property improvements, oversight of sales and transfers, enforcing restrictions, and providing other technical assistance to residents. These programs require significant effort to establish and don’t necessarily expand homeownership opportunities more than the deed restrictions approach. Rental to Ownership Conversion The viability of a conversion to ownership after a specific rental period is unknown as it has not been tested in California in many years. The Avanzando San Ysidro project will provide a valuable test case for this approach. However, such projects may face fewer financial hurdles than traditional homeownership developments due to their ability to attract large funding sources like Low Income Housing Tax Credits. Construction Defect Litigation While condominium projects can offer more affordable options to homebuyers without affordability restrictions due to smaller unit sizes, condominium developments have experienced additional costs due to construction defect litigation. Condominium projects are typically larger projects than other residential developments providing plaintiff’s attorneys a greater opportunity to track, canvass, and organize for class action lawsuits. As a result, some interviewed developers stated that they have entirely withdrawn from condominium development. Page 7 of 53 However, CDL is not the only reason condos are not being developed, other issues include:  The typical construction type for condominium developments is more expensive to build  Insurance, in general is more expensive  Condominium developments cannot be phased  Condominium developments typically require high capital costs Part II. Request for Proposals (“RFP”) | The Community Development Commission-Housing Authority (“CDC-HA”) will release a Request for Proposals (RFP) for six (6) City-owned properties on March 19, 2025. The RFP will be available for download on the City of National City’s bidding platform, PlanetBids, at https://vendors.planetbids.com/portal/24103/portal-home. All updates, addenda, questions, answers, and changes related to the RFP will be distributed through the PlanetBids portal. The CDC-HA’s objective is, to the extent feasible, to create affordable homeownership opportunities for National City residents who have been yet unable to enter the for-sale market. The City is seeking experienced non-profit and for-profit developers to enter into one or more Exclusive Negotiation Agreements. These agreements will allow developers to conduct due diligence, negotiate a Disposition and Development Agreement, and ultimately develop the sites with for-sale housing. Development teams are invited to propose either the acquisition and development of all six (6) sites or to specify which individual site(s) they intend to pursue. Location of City-Owned Properties: 1. Highland and Eta Street (“Purple Cow”) 2. Division Street & R Avenue (“Division Street”) 3. Roosevelt Avenue & W 11th Street (“Roosevelt Lot”) 4. “A” Avenue & E 11th Street (“A Avenue Lot”) 5. Plaza Blvd and E Avenue (“Lambs’ Theater”) 6. Plaza Bonita Center Way (“Plaza Bonita”) Detailed property information, including allowable site and zoning, building format, development standards, and building setbacks, are included in Exhibit “A.” Prior actions and key dates, snapshots of the RFP webpage, bidding information, a map of the City-owned sites, and the RFP draft summary page “at a Glance” are included in Exhibit “B.” FINANCIAL STATEMENT: The City was awarded a $450,000 grant from SANDAG’s Housing Acceleration Program (“HAP 2.0”) to undertake site assessments and study potential homeownership models. Resolution 2025-95 previously approved $89,000 of Fund 532 (“Low- and Moderate-Income Housing Fund”) to draft, solicit, and evaluate a real property request for proposals (“RFP”) to create for -sale homeownership opportunities. The CDC-HA may need to assist the homeownership project by deferring the receipt of payment for the value of the land to make it financially feasible to build homeownership units. The CDC-HA may consider providing loans to make the homes affordable to lower income first-time homebuyers through the equity created through the development. If the CDC-HA assists the homebuyer through a loan secured by the homebuyer’s housing unit, the City’s subsidy will be recaptured and reutilized when the property is sold or transferred. Page 8 of 53 RELATED CITY COUNCIL 2020-2025 STRATEGIC PLAN GOAL: Housing and Community Development ENVIRONMENTAL REVIEW: This is not a project under CEQA, and is therefore, not subject to environmental review. CCR15378; PRC 21065. PUBLIC NOTIFICATION: The Agenda Report was posted at least 72 hours before the Regular Meeting date and time, and 24 hours before a Special Meeting in accordance with the Ralph M. Brown Act. ORDINANCE: Not Applicable EXHIBITS: Exhibit A - PowerPoint Exhibit B - Appendices Page 9 of 53 Own National City City Council Workshop An overview of a grant-funded study on homeownership & the RFP for six City-owned properties. Linnie Gavino, Senior Principal Julie Romey, Senior Principal Diego Velasco, Principal-in-ChargeAngelita Palma, Comm. Dev. Manager David McEachern, Comm. Dev. Spec. IIPage 10 of 53 Agenda 2 RFP Overview & Next Steps Homeownership Program Assessment & Discussion Site Assessments & Discussion Introduction: Own National City Study Provide National City residents priority, homeownership opportunities, and a range of unit sizes Background Incentivize new affordable housing for all generations of National City residents Page 11 of 53 Background Housing in National City •Majority of City-owned property in National City has been allocated for affordable rental housing. •Homeownership opportunities have primarily been created through First-Time Homebuyer Programs and infill development. Plans & Document Updates •Five-year Housing Strategic Plan (August 2021) •6th Cycle Housing Element (August 2021) •City Council Policy # 901 Management of Real Property Amendment (August 2023) •Municipal Code Title 18 Zoning Updates (April 2024) •Land Use Element Update Objectives (April 2024) •Housing Acceleration Program (HAP) 2.0 Grant (2023-2024) Page 12 of 53 Own National City Study Funded with $450,000 SANDAG Housing Acceleration Program (HAP) 2.0 Grant Homeownership Program Assessment Research best practices for affordable homeownership programs Site Assessments Analysis of six (6) City-owned sites to support homeownership opportunities Market Assessment Assess current market factors affecting homeownership Financial Feasibility Analysis Prepare financial pro formas modeling various homeownership prototypes on the six (6) City-owned propertiesPage 13 of 53 National City Permitted Housing Units in the Last 3 YearsOwner 6.0% Rental 94.0% 571 Total Housing Units 5 Rental units reflected the vast majority of units approved to be built in National City between 2022 and 2024 National City Housing Tenure Percentage of Owner-Occupied Households 34% Percentage of Renter-Occupied Households 66% Page 14 of 53 National City Median Income* *Compared with HUD AMI levels for the San Diego County region Household Size National City Median Income(1) Very Low Income (50% of AMI) Low Income (80% of AMI) Moderate Income (120% AMI) 1 $47,600 $53,050 $84,900 $100,400 2 $54,400 $60,600 $97,000 $114,700 3 $61,200 $68,200 $109,150 $129,050 4 $68,000 $75,750 $121,250 $143,400 5 $73,400 $81,850 $130,950 $154,850 6 $78,800 $87,900 $140,650 $166,350 7 $84,300 $93,950 $150,350 $177,800 8 $89,700 $100,000 $160,050 $189,300 (1) KMA estimate based on median income of $62,513 for an average household size of 3.2 persons. Source: Esri, Business Analyst Online. National City’s median income falls below 50% of the region’s Area Median Income Page 15 of 53 Site 1: Highland & Eta St. (“Purple Cow”) Key Opportunities & Constraints: +Potential for detached single-family residential development +Adjacent to a large public park +Strong frontage along N Highland Avenue +±15-foot grade difference presents topographical challenges +The private street (Soltura Lane) presents access and circulation challenges Site & Zoning MXC-1 Zone Lot Area (SF)67,910 Density 48 DU/AC # of Units 74 (allowable) F.A.R. (Mixed-Use)2 F.A.R. (Single-Use)1 Height 50' & 3 Stories Max. Height (Adjacent to Residential Zone) Same as adjacent zone (within 50 feet) Building Format # of Stories 3 (allowable) Construction Type Type 5 - Wood Development Standards Street Wall 75% Min. Building Setbacks Street Wall 0' Min., 15' - 1st and 2nd story Max. Other None Other, Adjacent to Residential Zone Same as the equivalent setback in the adjacent residential zone Building Stepbacks 3rd story stepback (from 2nd story street wall) 8' Min., No Max. 3rd story stepback (from 2nd story walls adjacent to RS zone) 15' Min., No Max. Site 1: Purple Cow Page 16 of 53 Key Opportunities & Constraints: +Proximity to public transit and freeway access +±10-foot grade difference from the street presents topographical challenges +Site access from this street would be challenging +Front and rear setbacks restrict development on small lot +Division St and the freeway cause high noise levels and fast-moving traffic +Access to utilities severely constrained due to limited frontage and potential obstructions +Single family and Duplex (approx. 3 units) Site 2: Division St. & R Ave (“Division St”) Site & Zoning RS-2 Zone Lot Area (SF)6,400 Density 1 DU/Lot # of Units 1 Lot Coverage 75% Height 35' Building Format # of Stories 2 (allowable) Construction Type Type 5 - Wood Development Standards Minimum Setbacks (Primary Structure) Front 20' Side-Interior 5' Side-Exterior 10' Rear 25' Minimum Setbacks (Accessory Structure) Front 20' Side-Interior 5' Side-Corner 5' Rear 5' Detatched Building Separation 5' # of Detatched Buildings 3 per full 5,000 SF of lot area Maximum Area Total for Accessory 10% of lot size Minimum Usable Open Space N/A Site 2: Division Street & R Ave Page 17 of 53 Key Opportunities & Constraints: +Easy driveway access +Potential views to the bay +Ground floor activation potential +Corner lot +Walkable neighborhood +Small lot area (50’ parcel width) +Heavy adjacent auto/industrial use +Approx. 2’ of fill across the site, may require re-compaction or export of soil Site 3: Roosevelt Ave & W 11 th Street (“Roosevelt Lot”) Site & Zoning DSPD-6 Zone Lot Area (SF)4,791 Density 75 DU/AC Max. # of Units 35 Max., 17 Min. F.A.R.6:1 Max., 3:1 Min. Height 250' (allowed) Height (Adjacent to R esidential Zone Same as adjacent zone (within 50 feet) Building Format # of Stories 6 Max., 3 Min. Construction Type Type 5 - Wood Development Standards Street W all 75% Min. Building Setbacks Street 0' Min., 10' - 1st and 2nd story Max. Other None Other, Adjacent to R esidential Zone Same as equivalent setback in the adjacent residential zone Building Stepbacks 5th story stepback from 4th story street 8' Min., No Max. 3rd, 4th, and 5th story stepback from 2nd story walls adjacent to RS Zone 15' Min., No Max. Site 3: Roosevelt Ave & W 11th St Page 18 of 53 Key Opportunities & Constraints: +Positive street frontage on A Ave +Mostly graded site +Historical character & preservation +Walkable neighborhood +Small lot area (50’ parcel width) +Potential access issues due to limited frontage +High noise levels +Integrating new row-homes with existing architectural style and scale may pose design challenges Site 4: A Avenue & E 11th St (“A Avenue Property”) Site & Zoning DSPD-5A Zone Lot Area (SF)3,911 Density 75 DU/AC Max. # of Units 38 Max. (allowed) F.A.R.3:1 Max. Height 50' (allowed) Height (Adjacent to R esidential Zone Same as adjacent zone (within 50 feet) Building Format # of Stories 5 Max. Construction Type Type 5 - Wood Development Standards Street W all 75% Min. Building Setbacks Street 0' Min., 10' - 1st and 2nd story Max. Other None Other, Adjacent to R esidential Zone Same as equivalent setback in the adjacent residential zone Building Stepbacks 5th story stepback from 4th story street wall 8' Min., No Max. 3rd, 4th, and 5th story stepback from 2nd story walls adjacent to RS Zone 15' Min., No Max. Site 4: E Plaza Blvd & A Avenue Page 19 of 53 Key Opportunities & Constraints: +Proximity to Central Elementary School +Proximity to public transit +Reduced car reliance +Corner lot with positive frontage +±15-foot grade difference presents topographical challenges +Potential access issues +Urban-scale and mixed-use requirements may increase project complexity and costs +E Plaza Blvd experiences high noise levels and fast-moving traffic Site 5: E Plaza Blvd & E Ave (“Lambs’ Theater”) Site & Zoning MXD-2 Zone Lot Area (SF)16,990 Density 75 DU/AC Max. # of Units 29 Max. (allowed) F.A.R. (Mixed-Use)3.5 Max. F.A.R. (Single-Use)2.5 Max. Height 65' (allowed) Height (Adjacent to R esidential Zone Same as adjacent zone (within 50 feet) Building Format # of Stories 5 Max. Construction Type Type 5 - Wood Development Standards Street W all 75% Min. Building Setbacks Street 0' Min., 10' - 1st and 2nd story Max. Other None Other, Adjacent to R esidential Zone Same as equivalent setback in the adjacent residential zone Building Stepbacks 5th story stepback from 4th story street wall 8' Min., No Max. 3rd, 4th, and 5th story stepback from 2nd story walls adjacent to RS Zone 15' Min., No Max. Site 5: Lambs' Theater Page 20 of 53 Key Opportunities & Constraints: +Adjacent to a large private park +Potential views +±50-foot grade difference presents topographical challenges +Significant access/circulation constraints due to high-speed and high-volume traffic coming from SR-54 offramp on Plaza Bonita Center Way +Potential fire access challenges Site 6: Plaza Bonita Center-Way (“Plaza Bonita”) Site & Zoning RS-2 Zone Lot Area (SF)144,490 Density 9 DU/AC # of Units 29 Lot Coverage 75% Height 35' Building Format # of Stories 2 (allowable) Construction Type Type 5 - Wood Development Standards Minimum Setbacks (Primary Structure) Front 20' Side-Interior 5' Side-Exterior 10' Rear 25' Minimum Setbacks (Accessory Structure) Front 20' Side-Interior 5' Side-Corner 5' Rear 5' Detatched Building Separation 5' # of Detatched Buildings 3 per full 5,000 SF of lot area Maximum Area Total for Accessory Structures 10% of lot size Minimum Usable Open Space N/A Site 6: Plaza Bonita Center-Way Page 21 of 53 Discussion 13Page 22 of 53 Homeownership Program Assessment Summary of Assessment Researched Shared Equity Ownership Models Casa Familiar CLT Case Study (Rental to Ownership Conversion) Conducted 16 Stakeholder Interviews Researched Construction Defect Litigation (CDL) issue 14 •Deed Restrictions (DR) •Community Land Trusts (CLT) •Limited Equity Housing Cooperatives (LEHC) Page 23 of 53 Limited Equity Models 15 Deed Restrictions Community Land Trusts (CLT)Limited Equity Housing Cooperatives (LEHC) How it Works Legal covenants placed on property that limits how property can be used for a period of time Nonprofit acquires land and leases it to homeowners through low-cost, long-term ground leases A group of residents collectively own a building. Each household owns a share representing their unit Land Ownership Homeowner owns the land outright Nonprofit owns land and ground leases it to homeowners Residents collectively own land Resident Control Direct control except for restrictions in the deed restrictions Least amount of control through Tripartite Board structure Direct control through membership in Co-op Resale Restrictions Restricted equity for a set period of time Restricted equity into perpetuity *Restricted equity into perpetuity* * Unless the CLT/LEHC entity is dissolved.Page 24 of 53 Overview Shared Equity Ownership Models Affordable homeownership options Involve entities or properties in which residents and community members lead in both governance and ownership Self-sustaining models that require a one-time public investment Resident and community benefits Still encounter initial financial feasibility gaps associated with developing affordable housing units 16 •Long-term affordability •Subsidy retention •Improved stability •Community control Page 25 of 53 Deed Restrictions Local Jurisdiction Benefiting From Restrictions Responsibilities •Qualifies New Buyers •Sets Sales Prices •Refinancing Approvals/ Subordinations •Improvement Approvals •Monitors Primary Residence Status CLTs CLT Board of Directors or Outside Management Responsibilities •Support Homeowners •Maintain Affordability •Oversight of sales and transfers with a vested interest in the property LEHCs Resident Elected Board of Directors/Outside Management Responsibilities •Board enforces restrictions •Offers technical assistance •Empowers residents to become effective stewards Stewardship An entity shares responsibility as a steward and representative of the broader community’s interest.Stewardship DR LEHCCLT Limited Equity Models ContinuedOngoing Stewardship is Key to the Sustainability Page 26 of 53 18 2042End of TCAC compliance period. The condominiumized units can be sold to residents at low-income sales prices. 2025 Construction on the 103-unit Project to commence. 2027 Project to be completed and 15 year TCAC compliance period to commence 2025 Casa previously purchased the Site and will donate it to the CLT. CLT will ground lease Site to Project for 99 years. 2024 Project received AHSC & TCAC allocations.Rental to Ownership Conversion Case Study: Avanzando San Ysidro Development Casa Familiar is the developer and has established the Avanzando San Ysidro Community Land Trust (CLT) The project will have a condo map and individual meters but will initially be run as an apartment project for 15 years for Tax Credit purposes. The board for the Community Land Trust (CLT) has already been established: (3) Residents from San Ysidro Zip Code (3) CLT Residents (Employees from Casa Familiar during the interim period) (3) Casa Familiar Board Seats Page 27 of 53 19 City Ventures is sued on nearly every project they undertake, which is paid out by insurance. This increases the overhead for each project and can limit more affordable product types. Budgets an extra $15,000 per door to cover insurance and repair costs. General contractors and subs also need to qualify for insurance, though this also ensures higher quality work product. Insurance rates have nearly doubled in the past 20 years. Construction defect litigation costs are an increasing concern, as they are doing more townhomes/ attached product types. Insurance for Years 1-2, then in-house repairs after Year 2. Larger/denser projects draw more attention from plaintiff’s attorneys hoping to file a class action lawsuit. The Olson Company stopped developing condominiums because of construction defect issues. Self-insurance is becoming more common, as insurers will not often cover substantive repairs. Insurance rates seem to be rising at a faster rate now than before. Stakeholder Interview Feedback Construction Defect Litigation Page 28 of 53 Discussion 20Page 29 of 53 21 Request for Proposals: March 19-June 6 •Six (6) City-owned sites for affordable to market rate homeownership opportunities. •Proposals can be for all six (6) sites or select individual sites •KMA will assist City staff in evaluating proposals •The RFP will be available for download on PlanetBids. •All updates, addenda, questions, answers, and changes to the RFP will be distributed through the PlanetBids portal. Own National City Page 30 of 53 Where to find the Own National City RFP 22 1.National City Website: www.nationalcityca.gov/business/contract-consulting-bid-opportunities/ 2.PlanetBids: https://vendors.planetbids.com/portal/24103/portal-home Page 31 of 53 Own National City Workshop March 18 March 19- June 6 Request for Proposals Released Presentation on Own National City and Information on the RFP Process RFP Released on PlanetBids for Six (6) City-owned properties Evaluation of RFP Proposals Kyser Marston & Associates will review the the development proposals received, financial pro formas, developers experience, etc. and will estimate the overall feasibility, reasonableness, financial transaction, etc. RFP Findings & Technical Analysis Based on the evaluation of the developer proposals and detailed financial analyses, interviews with some or all of the developers will be conducted. Publication of Homeownership Study Homeownership Study “Own National City” will be published for public review. RFP Presentation Own National City RFP Recommendations to City Council 60-days 36-days October 7 October 7 Next Steps Page 32 of 53 Stay up-to-date with the homeownership study & RFP process on the Own National City Project Webpage: www.nationalcityca.gov/ownnatcity Fun Fact: The background picture is a six-unit homeownership development by Habitat for Humanity in partnership with the City of National City (2022) Page 33 of 53 •The analysis contained in this document is based, in part, on data from secondary sources such as state and local government, planning agencies, real estate brokers, and other third parties. While KMA believes that these sources are reliable, we cannot guarantee their accuracy. •The analysis assumes that neither the local nor national economy will experience a major recession. If an unforeseen change occurs in the economy, the conclusions contained herein may no longer be valid. •The findings are based on economic rather than political considerations. Therefore, they should be construed neither as a representation nor opinion that government approvals for development can be secured. •Development opportunities are assumed to be achievable during the specified time frame. A change in development schedule requires that the conclusions contained herein be reviewed for validity. •The analysis, opinions, recommendations and conclusions of this document are KMA's informed judgment based on market and economic conditions as of the date of this report. Due to the volatility of market conditions and complex dynamics influencing the economic conditions of the building and development industry, conclusions and recommended actions contained herein should not be relied upon as sole input for final business decisions regarding current and future development and planning. •Any estimates of development costs, capitalization rates, income and/or expense projections are based on the best available project-specific data as well as the experiences of similar projects. They are not intended to be projections of the future for the specific project. No warranty or representation is made that any of the estimates or projections will actually materialize. •KMA is not advising or recommending any action be taken by City with respect to any prospective, new, or existing municipal financial products or issuance of municipal securities (including with respect to the structure, timing, terms, and other similar matters concerning such financial products or issues). •KMA is not acting as a Municipal Advisor to the City and does not assume any fiduciary duty hereunder, including, without limitation, a fiduciary duty to the City pursuant to Section 15B of the Exchange Act with respect to the services provided hereunder and any information and material contained in KMA’s work product. •The City shall discuss any such information and material contained in KMA’s work product with any and all internal and/or external advisors and experts, including its own Municipal Advisors, that it deems appropriate before acting on the information and material. KMA Team Limiting Conditions 25Page 34 of 53 Exhibit B Own National City Contents Appendix A Prior Actions & Key Dates ...................................................................................... 2 Appendix B Request for Proposals (RFP) Webpage ................................................................... 3 Appendix C RFP Summary Page “At a Glance” .......................................................................... 4 Appendix D Own National City Webpage .................................................................................. 5 Appendix E City Council Policy #901 – Management of Real Property ........................................ 7 Appendix F Map of City-Owned Sites ..................................................................................... 19 Page 35 of 53 Appendix A Prior Actions & Key Dates 8/03/2023 Application Submittal SANDAG HAP 2.0 Grant 8/15/2023 Ratification of grant application submittal Council Meeting Item 8.5 9/19/2023 City Council Policy 901 Amendment, Resolution 2023-139 Council Meeting Item 10.2 10/5/2023 SANDAG Notice of Intent to Award HAP 2.0 2/06/2024 Local Preference Policy Amendment, HA Resolution 2024-89 Council Meeting Item 11.2 2/14/2024 State of CA Budget Reductions/Reductions to REAP-HAP 2.0 3/01/2024 Revised HAP 2.0 Grant budget and scope due to SANDAG Spring 2024 Focused General Plan Update (FGPU) Project Completed (4-year project), a HAP 1.0 & SGIP grant-funded project Council Meeting Item 11.2 FGPU planning documents and ordinances used for the Own National City Study. 5/2/2024 On-Call Housing Consulting Services RFQ Released 5/20/2024 On-Call Housing Consulting Services RFQ Proposals Received: Four (4) 6/18/2024 Agreement for Housing Consulting Services, Resolution 2024-93 Council Meeting Item 9.2 8/1/2024 SANDAG makes HAP 2.0 Funds Available for Use 11/5/2024 Authorization of HAP 2.0 funding, CDC-HA Resolution 2024-94, Council Meeting Item 9.2 1/21/2025 Project webpage Live: www.nationalcityca.gov/ownnatcity 1/21/2025 Agreement for RFP/grant funds Resolution 2025-95, Council Meeting Item 9.5 2/11/2025 Public Notice (PDF): Notice of Vacant Real Property Available for Disposition 3/18/2025* Workshop 5:00-6:00 pm Council Chambers, agenda will be linked on the City's Calendar. Information to be noticed with the regularly scheduled City Council meeting. The Workshop will focus on the study's preliminary findings and provide an overview of the RFP. 3/19/2025* Release of the RFP on PlanetBids Staff will respond to questions and publish addenda as needed on PlanetBids. 6/6/2025* Developer proposals due at 11:59 p.m. 10/7/2025* RFP Recommendations & Presentation to Council Page 36 of 53 Appendix B Request for Proposals (RFP) Webpage PLANETBIDS The official Request for Proposals ("RFP") will be released on PlanetBids on March 19, 2025*. The RFP should be downloaded and submitted through the PlanetBids procurement platform. Learn more about PlanetBids by visiting https://home.planetbids.com/vendor-basic. https://vendors.planetbids.com/portal/24103/portal-home City of National City Contract & Consulting Bid Opportunities Webpage: www.nationalcityca.gov/business/contract-consulting-bid-opportunities Page 37 of 53 Appendix C RFP Summary Page “At a Glance” Page 38 of 53 Appendix D Own National City Web page HOUSING AUTHORITY PLANS, PROJECTS, AND PROGRAMS WEBPAGE www.nationalcityca.gov/HA-PPP Page 39 of 53 HOUSING AUTHORITY OWN NATIONAL CITY WEBPAGE www.nationalcityca.gov/ownnatcity Page 40 of 53 Appendix E City Council Policy #901 – Management of Real Property CITY COUNCIL POLICY CITY OF NATIONAL CITY TITLE: Management of Real Property POLICY # 901 (Sale, Lease, Rental, Surplus) ADOPTED: June 19, 1984 AMENDED: September 19, 2023 Background: The City of National City is owner of substantial real property which is used for various municipal purposes. As public service needs change, the requirements for these properties may be revised and, on occasion, certain parcels may be in excess of the City's current need. This requires that each individual site be reviewed in terms of its potential for future public use, as well as its potential economic benefit to the City. The proceeds from the sale and lease of City-owned lands and the revenues generated from leases are normally utilized for General Fund purposes unless the property sold or leased belonged to a restricted program. Purpose: It is the purpose of this policy 1) to establish a procedure by which unused and marginally used City-owned real estate is reviewed for its potential public use, and for designating unneeded parcels for lease or sale; 2) to provide methodology for the sale or exchange of City-owned real estate and 3) to establish policies for the leasing of City-owned real property; and 4) to require a study and development of homeownership units with maximized affordability on city-owned property (parcels) zoned for residential use and include a 75% local preference for residents of National City. Policy: It is the City's policy to manage its real estate assets so that municipal needs which rely on these assets may be properly implemented. It is not the City's policy to speculate in real estate. The City Council will review City-owned real estate not used for municipal purposes and determine the appropriate use of the property. Those properties not needed for either City or public use within the foreseeable future, may be made available for lease or sale. The City shall optimize the sale price or lease rent from City-owned real estate based on relevant factors, including 1) an appraisal reflecting current market value when either a transaction or authorization to sell or lease is presented to the City Council, 2) prevailing economic conditions and market trends, and 3) any special benefits to accrue from the sale or lease. Page 41 of 53 The City shall seek market value for its properties. Discounts will not be negotiated unless an extraordinary need or circumstance is recognized by Council Resolution setting forth the amount of the discount from appraised value and the public purpose served in justification of the discount. City staff under the direction of City Manager shall prepare and present to the City Council a comprehensive Property Management Plan with periodic reviews as needed, and updates to the City Council. The Property Management Plan shall include an overall review of the City's real estate portfolio (or inventory), an operating plan for corporate property, a disposition plan for surplus property, market research to support anticipated transactions and a request for authority to act within defined parameters (as described in this policy). The major elements of the property management plan are to include: • Property evaluation and characterization of real estate assets • Strategy for City occupied real estate • Investment Portfolio Plan (leases to for-profit tenants) • Review of not-for-profit leases • Disposition Plan for surplus assets • Business Case development review to support proposed transactions • Legal document development and review Procedure for sale of City-owned Real Estate: A. Real Estate Review As part of an overall property management plan for the City's real estate assets, staff will review the City's property inventory to determine which properties are no longer needed for public facilities or to support the elements of the General Plan and whose disposition will provide a greater public benefit. B. Homeownership Requirement City-owned property zoned for residential use requires a study and development of homeownership units with maximized affordability on city-owned property zoned for residential use and includes a 75% local preference for residents of National City. When a City-owned property is considered for disposition by the City or Housing Authority, a study will be conducted using various development models, conditions, and options that impact the project budget, development, and unit affordability. The findings and considerations from the study by the Housing Authority must be presented to City Council for review. The City Council may accept the study or direct staff to issue a request for proposals on the subject property. Page 42 of 53 The study will analyze and evaluate various development models for homeownership, which may include: • Condominiums • Townhomes • Limited-Equity Cooperatives • Rent-to-own units • Community Land Trusts • Other Models or Combinations Thereof The subject property will also be studied and evaluated for various conditions and options that may impact the project budget, development, and unit affordability for homeownership, which may include: • Construction Defect Insurance Law • Gap Financing Options • State Legislation • Deed Restrictions • Ratio of market rate to affordable homeownership units • Unit size and distribution with an emphasis on larger units • Funding available to subsidize affordable homeownership such as pre-paid mortgage insurance or first-time homebuyer programs • Other Conditions and Options C. Available Real Estate for Sale A City-owned property may become available for sale if: • The property is not currently used by the City or does not support a municipal function; and • The property is vacant and has no foreseeable use by the City; and • The property is a non-performing or under-performing asset and greater value can be generated by its sale; and • Significant economic development opportunities can be generated by selling the property. Factors to be considered in determining whether a property should be sold include: • Will the City be relieved of potential liabilities and/or cost of maintaining property that does not generate income or provide public benefit? • Property tax increment that will be created by returning the properties to the tax rolls. • Stimulation of the economy by providing opportunities for private sector investment. • Generation of revenue. • The sale of the property will generate greater economic value than a ground lease if a ground lease is a feasible option. D. Governmental Clearance Process Government Code Section 54222 requires that a local agency proposing to dispose of surplus property must first notify all governmental agencies operating within the City as to the Page 43 of 53 availability of the property. The agencies are given 60 days to respond with an intent to acquire, if not, the property may be deemed cleared for public sale. Regarding the list of properties for sale: • Governmental agencies are regularly contacted as the surplus list is updated. • City departments are individually contacted as the surplus list is updated. • Council members are given a preliminary review and opportunity to comment on foreseeable uses for the property. E. Approval Process • City-owned properties that have been identified by the City Manager as candidates for sale will be presented to the City Council for approval to be sold. • If a property is of a type and location that would make a ground lease feasible, an economic analysis of the benefits of lease vs. sale will be conducted. • If the property is zoned for residential use a study will be conducted using various development models, conditions, and options that impact the project budget, development, and unit affordability. The findings and considerations from the study by the Housing Authority must be presented to City Council for review. The City Council may accept the study or direct staff to issue a request for proposals on the subject property. • If City Council determines that the property may be sold, it shall authorize City Manager to sell the property for a price equal to or greater than a minimum price established by a current (less than six months old) appraisal. The authorization to sell the property will be valid for twelve months from the date of City Council action. • The City Manager or designee may enter into purchase and sale agreements, close escrows and execute and deliver grant deeds to the purchasers of the properties at prices equal to or greater than the minimum price approved by City Council on terms and conditions deemed reasonable, and in the City's best interests. • City Manager or designee will provide a report to the City Council, regarding the price, terms, and conditions of all transactions. • Properties that cannot be sold at a price equal to or greater than the minimum price approved by Council will be returned to Council for further consideration prior to disposition. Council approval will be required to sell a property at a price less than the minimum price previously approved by the City Council. F. Method of Sale Properties may be sold by any method allowed by City Council Policy. This includes direct negotiation, request for proposal, listing with a broker, sealed bid, auction or other appropriate method as determined by the City Council. Possible method of sale for all properties will be included in the enabling resolution authorizing their sales. G. Marketing Properties offered for sale shall receive the widest possible exposure to the open marketplace. This may be accomplished through direct marketing techniques, such as requests for proposals (RFP), advertising, exposure through the real estate media, posting the property on the multiple Page 44 of 53 listing service, or any other appropriate method. When appropriate, properties may be listed for sale with qualified real estate brokers. The authorization to utilize the services of a real estate broker will be contained in the enabling resolution. H. Real Estate Brokers Real estate brokers may be used to represent the City in the sale of its properties. Brokers will be selected for individual assignments through Requests for Proposals (RFP) or Requests for Qualifications (RFQ) and a subsequent bid or other methods that result in the City receiving the services of a qualified broker at the best value to the City. The maximum approved commission rate will be contained in the enabling resolution for the property's sale. If the property is listed with a broker, the City reserves the right to exclude from the listing agreement potential buyers whose interest in purchasing a subject property has been made a part of the record prior to the execution of such agreement. I. Exclusively Negotiated Sales It will be the City's policy to insure the highest price for its real estate by pursuing open market transactions. However, on certain occasions, an exclusively negotiated sale may be justified as applicable and may be approved under one of the following conditions: 1. When a parcel is landlocked. 2. When the sale is to a contiguous owner. 3. When a fee interest in a pipeline or other right-of-way is no longer required, it may be sold to a contiguous owner. A restrictive pipeline easement of adequate width or other required easements will be reserved from said sale. 4. When other governmental, public and quasi-public agencies submit acquisition proposals a sale may be consummated. These agencies shall include but not be limited to: Federal, State, and County agencies; school districts, special districts, and regulated utility companies. 5. When qualified non-profit institutional organizations offer to purchase City-owned land, a negotiated sale may be consummated at fair market value providing there is: 1) a development commitment, and 2) a right to repurchase or a reversion upon a condition subsequent. Institutional organizations such as places of public assembly, hospitals, extended care facilities, private schools and community service organizations are required to develop under the City's conditional use permit procedure. 6. When a property has been offered by public auction and no acceptable bids were received, it may be sold on a negotiated basis to any applicant submitting an acceptable offer within six months following the date of auction. 7. Real property exchanges may be consummated by direct negotiation. However, exchanges will be considered only with other governmental agencies or when there is an advantage to the City. J. Rezoning Prior to completion of the sales transaction, City land shall be considered for rezoning in accordance with the General Plan, existing community plans or other City Council direction if a higher sale price will result. Also, all unnecessary easements affecting title to the property shall be removed if this will result in a commensurate increase in value. Page 45 of 53 K. Easements The City will receive current fair market value for the removal of restrictive easements or access rights previously paid for by the City or other governmental agency or reserved in a sale of City property. L. Priority Handling Since time is of essence in land transactions, all such actions by the City Council and staff shall be given the highest priority and special handling. M. Public Utilities Installed by Private Entities The applicant for the use of unimproved City land for public purposes, such as streets, sewers, and other public utilities, shall compensate the City for the fair market value of the rights to be granted by the City. The amount of compensation shall be established by appraisal. Procedure for leasing City-owned Real Property The City of National City has a very diverse real estate portfolio. While the policies herein are to act as the standard that governs most leases, the City acknowledges that parts of its leasing portfolio have specialized needs or restrictions. In these cases, this policy will act as a framework for a sub-policy that will govern a specific area. Should a conflict arise between the framework policy and the sub-policy, the sub-policy will govern. A. Criteria for Leasing City property shall be considered for leasing when one or more of the following criteria apply: 1. The property is not required for current municipal use, but is to be held for possible future use and can be leased as an interim measure. 2. The property can only be leased because of legal restraints. For example, property held under Tideland trust grants or as dedicated parks. 3. The City requires substantial control over development, use and reuse of the property. 4. The property has the immediate potential of a high return to the City because of its high demand and type of use, such as commercial and industrial land. 5. The property can be efficiently utilized by a provider of services needed by the City. 6. The property can be leased to promote a substantial economic development opportunity. B. Property Management Plan The City Council may approve the execution of lease transactions that meet the terms of the City's asset strategy for a particular property previously approved by City Council in an overall Property Management Plan. Negotiated transactions that fall outside of the parameters of an approved Property Management Plan either will be submitted individually for City Council approval, or deferred until the next periodic update and approval of the plan. C. Lessee Selection for New Leases Competitive offers for lease of City property shall be solicited from the open market place. This may be accomplished through a number of marketing techniques, such as Request for Proposals (RFPs), a marketing subscription system, direct advertising, use of a Multiple Listing Service (MLS), listing with a broker, posting the property and any other appropriate means. Page 46 of 53 In certain limited situations, the City may exclusively consider a single proposal for lease of City property. Potential lessees wishing to exclusively negotiate with the City must submit for City staff review a business case with sufficient justification as to how it is capable of optimizing the use of the property and return to the City, thereby negating the need for a competitive process. This information will be included when the lease transaction is presented for City Council approval. Leasehold proposals shall be evaluated in terms of: 1. The degree to which the proposed use is in compliance with the City's strategic plan for the property. 2. In terms of the amount of consideration offered in the form of rent. 3. In terms of the financial feasibility of the proposal. 4. The capability, expertise and experience of the potential lessee with respect to the proposed leasehold development and operation. 5. If new development is proposed, a development plan that includes a description of the development team and its qualifications. 6. The details of each person or entity that will have an interest in the proposed lease 7. Special public benefits to be derived (if any). D. Rate of Return The City shall obtain fair market rents for its leases commensurate with the highest and best use of the property. The fair market rent shall be based on an appraisal that complies with the definition of Market Rent found in the Uniform Standards of Professional Appraisal Practice (USPAP) published by the Appraisal Foundation. The appraisal shall be no more than six months old at the time the lease transaction is presented for City Council approval. If the cost of an appraisal is not justified by the anticipated rents, the City may choose an alternative method to establish rent. City leases shall contain terms and conditions which will sustain a fair rate of return throughout the duration of the lease. E. Rental Terms Rental terms may be negotiated on the basis of fixed rates (flat rent leases) or percentages of the lessee's gross income derived from business conducted on the property, with a provision for a minimum rent on percentage leases. F. Percentage Leases Minimum Rent The minimum rent component for a new percentage lease shall be set at no less than eighty percent (80%) of the fair market rent as defined above. In certain cases, a portion of the minimum rent may be abated for new construction or redevelopment on the leasehold. The minimum rent shall be adjusted upward throughout the duration of the lease at intervals of not more than every five (5) years to reflect no less than eighty percent (80%) of the average annual rent actually paid or accrued during the three (3) years preceding the adjustment. In no event shall the adjusted minimum rent be less than the minimum rent in existence immediately preceding the adjustment. Page 47 of 53 Percentage Rates Percentage leases shall provide for adjustments of percentages rates every five (5) years to current fair market rates as established by appraisals of prevailing market percentage rates primarily within the Southern California area. G. Flat Rate Leases Market Rate Adjustments Flat rate leases shall provide for upward adjustment of rent every five (5) years to current fair market rent. Consumer Price Index Adjustments Flat rate leases shall provide for upward adjustment of rent in the interval term between market rate adjustments by changes in the consumer price index. The index used for consumer price index adjustments will be the All Urban Consumers index for Los Angeles - Riverside - Orange County, California with a base year of 1982-84. If the U.S. Department of Labor indices are no longer published, another substitute index generally recognized as authoritative will be used. Flat rate leases may include pre-determined periodic increases to rent instead of consumer price index adjustments. These periodic increases would occur at least every five (5) years. H. Rent Arbitration Leases can provide for binding arbitration when the City and lessee cannot agree on the new rent for a rental period under review. The City and lessee shall each select a professional independent real estate appraiser who in turn will select a third independent real estate appraiser to determine the fair market rent. If the two selected appraisers fail to mutually select a third appraiser, then the third appraiser will be appointed in accordance with the rules of the American Arbitration Association. The City and lessee shall pay the cost of its own selected appraiser and equally share the cost of the third appraiser. I. Appraisal Assumptions City leases shall include a definition of the fair market value to be used to adjust rent and an identification of the premise for that value. In establishing the fair market value of leased property, any appraisal shall consider the property as a fee simple absolute estate and as vacant and available for lease or sale for the authorized purposes of the lease at the commencement of the rental period under review. Rates established for purposes of periodic percentage rental adjustments shall not consider any abatement as may be appropriate in a "new" development of vacant land. It shall also be assumed that all required regulatory approvals to permit the use authorized in the lease have been obtained. J. Lease Term Short-Term Lease The City Manager, at all times, shall have power, without advertising, notice, or competitive bidding, to lease any City property for a term of three (3) years or less (short-term lease). The City Council will be notified of a short-term lease not later than fifteen (15) days following its execution. A short-term lease may not be renewed without approval of the City Council. The Page 48 of 53 City Manager, or designee may also execute rental agreements covering up to eighteen (18) months for tenant occupancy of City-owned residential housing. Long-Term Lease A lease in excess of three (3) years requires a resolution passed by a majority vote of all members of the City Council. The length of lease term shall be based on the level of capital improvements to be made by the lessee and the economic life expectancy of the development. These factors can be determined utilizing cost estimating and economic life expectancy resources such as tables provided by Marshall Valuation Service. The City may consider other relevant information in determining if a longer lease term is warranted, such as if the proposed leasehold development is expected to generate above average returns to the City or significantly improve the quality of the property. A lease shall not exceed 55 years unless the conditions set forth in Government Code section 37380(b) are met, K. Lease Amendments Amendments to long-term leases require City Council approval. The City's agreement to an amendment may be contingent upon updating sections of the lease to incorporate current City standard lease provisions and an adjustment to fair market rent. L. Subleases A lessee may sublease all or part of the leased property to a qualified sub-lessee subject to approval by the City. No sublease shall be approved which would be detrimental to the City's rights under the master lease or for a use that is not consistent with uses allowed by the master lease. The City Manager may authorize subleases which meet these conditions and which do not require amendment of the master lease. Unless special circumstances exist. Leases shall provide for the City to receive a minimum of fifty percent (50%) of the incremental gross rental revenues due to the lessee from subleases. M. Leasehold Financing The City will not subordinate its fee interest to encumbrances placed against any leasehold by a lessee. The City Council may approve appropriate financial encumbrances of the leasehold interest, which provide that all loan proceeds are used for authorized improvement of the property until the leasehold is fully developed in accordance with the lease. City staff shall take appropriate steps to review the proposed financing and insure that loan proceeds go into the leasehold. Maximum loan proceeds shall not be in excess of seventy-five percent (75%) loan-to-value, where "value" refers to the leasehold improvements, as determined by a lender's appraisal which has been reviewed and approved by City staff. The loan term shall not exceed the term of the lease. Loans or refinancing in the form of encumbrances against the lease for the purpose of reducing equity or financing the sale of leasehold interest will not be allowed until the property is fully developed for uses authorized in the lease. After the property is developed, such financing may be permitted so long as there is also substantial benefit to be gained by the City. This may take the form of either a percentage share of the loan proceeds or an upward adjustment to the rent. Either of which shall be based on commercially reasonable comparables found in the market. Page 49 of 53 N. Leasehold Improvements Leasehold improvements installed by lessees shall be removed at the lease termination without cost to the City, or will revert to the City, at the City's option. All leasehold improvements and alterations require prior written approval of the City Council. O. Maintenance and Utilities Responsibility City leases shall require the lessee to maintain all improvements on the property at its own expense and be responsible for the cost of all utilities. Leases for multi-tenanted space shall include specific requirements delineating appropriate responsibilities. P. Lease Audits All percentage leases may be audited by the City’s Finance Department in the first year of operation to establish proper reporting procedures and at least once every three (3) years thereafter. More frequent audits may be made if appropriate. The City shall reserve the right to audit all other leases and agreements subject to this Council Policy, if determined to be warranted by the City’s Finance Department. Q. Leasehold Assignments Requests for assignment of leasehold interest shall be evaluated on the same basis as the criteria used in evaluating a leasehold proposal. The City Manager may authorize assignments which do not require amendment of the master lease. Consent may be contingent on the payment of additional consideration to the City, either as a percentage share of the purchase price of the leasehold interest or an upward adjustment to the rent. Either of which shall be based on commercially reasonable comparables found in the market. If new financing is involved in the sale, the requirements of 'Leasehold Financing' shall apply. R. Lease Extensions & Renewals Requests from existing lessees for lease extensions or renewals may be considered if such proposals promote capital investment and redevelopment of City property. Whenever an existing lessee is seeking renewal of an expiring long-term lease that is not contemplated in a previously approved property management plan, the City Manager will bring the issue before the applicable City Council Committee with an appropriate recommendation. In addition to the criteria used to assess new lease proposals, City staff also will review the lessee's history with respect to: maintenance of the property; compliance with existing lease terms; prompt rent payments; and a rental return consistent with maximizing the property's full potential. The lessee must propose capital investment that: will increase the value or the useful life of the leasehold improvements by an amount more than can be reasonably amortized over the remaining lease term; is not recurring in nature; and is at least ten percent (10%) or more of the value of the existing improvements. It specifically should exclude expenditures to correct deferred maintenance and expenditures for repairs to keep the existing improvements in good condition. The length of any extended lease term shall be calculated by the same method used for calculating the length of new leases. S. City's Interest in Leasehold Improvements Page 50 of 53 City lease agreements provide the City the right to assume ownership of the leasehold improvements at the end of the lease. The value of the City's interest in the leasehold improvements can be appraised using widely accepted appraisal methods. In the event the City grants a lessee a lease extension, the City shall be compensated by an amount equal to the change in present value attributable to the deferral of its interest in the leasehold improvements. This amount either can be paid as an upfront payment at the beginning of the extended term or amortized over time with appropriate interest applied. The City shall offset from the value of its interest in the leasehold improvements any increased economic benefit derived from an extended lease. The City shall not receive any compensation for its interest in the leasehold improvements on leases extended prior to the last twenty percent (20%) of the existing term. T. Leasing to Non- Profit Organizations It shall be the policy of the City Council to allow direct negotiation with nonprofit organizations for the use of City-owned lands for the purpose of providing the community with cultural, recreational, educational enrichment, and other public services to the citizens and visitors of National City. Relative to this policy the following will apply: 1. Available City property shall be leased at fair market value to nonprofit organizations when it is deemed by Council that appropriate public benefit will be derived. 2. The only discount in the land rental rate which will be considered is that which will be a direct offset to City expenditures. An example would be where the non-profit organization is constructing and operating a facility to provide a service that would otherwise be a recognized obligation of the City to provide. 3. Council approval of a prospective nonprofit organization’s use of City-owned land shall be obtained prior to commencement of lease negotiations. 4. No lease will become effective until firm financial commitments have been obtained under an appropriate lease option arrangement. 5. Lessees will be required to construct, operate, and maintain the premises at their sole cost. 6. Lessees shall be incorporated nonprofit organizations under the laws of the State of California. 7. Development on parklands shall be in conformance with City park development plans, and construction shall comply with City park design criteria. 8. Lessees shall provide desired services and facilities to the general public without discrimination as to race, color, creed, sex, age, or national origin. 9. When leases permit revenue producing activities, some measure of rental compensation shall be paid to the City. However, this provision will not apply to occasional fund raising events provided the funds are used exclusively for the specified purpose(s) of the lease. 10. Properties with significant potential for commercial, industrial, or scientific research uses shall not be available for nonprofit use. 11. Subleases will be considered on their individual merits by the City and consistency with conditions placed upon the City. Fees generated from subleasing will belong to the City and be deposited with the City upon receipt by the Agency. U. Security Deposits Page 51 of 53 The standard security deposit for a new lease agreement shall be equivalent to two (2) month's rent. The security deposit may take the form of cash, an instrument of credit or a faithful performance bond. For a lessee making a substantial investment in improvements, the security deposit will be refunded upon completion of the improvements. Related Policy References Government Codes: 37350 and 37380 Government Codes: 54200-54232, 54235-54237 Prior Policy Amendments August 14, 1990 January 22, 2019 Page 52 of 53 Appendix K Map of City-Owned Sites Location of City-Owned Properties: 1. Highland and Eta Street (“Purple Cow”) 2. Division Street & R Avenue (“Division Street”) 3. Roosevelt Avenue & W 11th Street (“Roosevelt Lot”) 4. A Avenue & E 11th Street (“A Avenue Lot”) 5. Plaza Blvd and E Avenue (“Lambs’ Theater”) 6. Plaza Bonita Center Way (“Plaza Bonita”) Page 53 of 53