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HomeMy WebLinkAboutCDC Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT MEETING DATE: February 15, 2011 AGENDA ITEM NO. 1 ITEM TITLE: 1A resolution of the Community Development Commission of the City of National City approving a Cooperation Agreement for the Westside Infill Transit Oriented Development ("WI-TOD") between the Commission and the City of National City and making certain determinations and findings related thereto. (Low Mod Set Aside Fund) (Companion Item*)j PREPARED BY: Patricia Beard cy DEPARTMENT: Redevelo Division PHONE: 42551 APPROVED BY: EXPLANATION: [In order to complete affordable housing projects as required by the California Redevelopment Law (Sections 33220 and 33206), the Housing Element of the National City General Plan and the Redevelopment Plan for the National City Redevelopment Project, twenty -percent (20%) of anticipated property tax increment to the CDC must be used to develop and operate low -moderate income housing. The City has traditionally assisted in coordinating, administering and implementing low -moderate income housing projects. In order to secure the funds necessary to implement anticipated low and moderate housing projects within the Redevelopment Project area, transfers net low -moderate housing funds for the anticipated WI-TOD to the City. All activities, including administrative oversight, acquisition, development, disposition and operation for said projects would become City obligations under the Agreement Please see attached Background Report. FINANCIAL STATEMENT: ACCOUNT NO. APPROVED: Finance This Agreement would transfer up to $40 million in anticipated low -mod set aside 1 funds from the CDC to the Housing Authority.. ENVIRONMENTAL REVIEW: The Westside Specific Plan EIR (Schedule 20080710920 was certified by the City Council on March 16, 2010 and considered the WI-TOD project. Per Public Resources Code 21166 no subsequent EIR is required for this Agreement because no substantial changes are proposed that require revisions to the Westside Specific Plan EIR. ORDINANCE: INTRODUCTION: 1 FINAL ADOPTION: 1 STAFF RECOMMENDATION: Adopt the resolution. BOARD / COMMISSION RECOMMENDATION: ATTACHMENTS: Background Report 1 Proposed Agreement