HomeMy WebLinkAboutAgenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT
MEETING DATE: March 1, 2011
AGENDA ITEM NO. I
ITEM TITLE:
Ik4 resolution of the Community Development Commission of the City of National City authorizing the
Chairman to execute the Second Amendment to the Exclusive Negotiation Agreement by and
between the CDC and The Related Companies of California and Community Housing Works to extend
the time for negotiation until September 30, 2011 for the Westside Infill Transit Oriented
Development. I
PREPARED BY: Patricia Beard ilt.c DEPARTMENT: Red
APPROVED BY:
PHONE: 4255
EXPLANATION:
IThe CDC approved an Exclusive Negotiation Agreement ("ENA") with The Related Companies of
California and Community Housing Works ("Developers") on March 3, 2009 following a community
design process for the West Side Infill Transit Oriented Development ("WI-TOD") affordable housing
project as anticipated by the Westside Specific Plan and a competitive developer recruitment
including Westside stakeholders. Substantial progress has been made on pre -development matters
and a proposed Disposition and Development Agreement ("DDA") is in final negotiations and under
attorney review. However, the ENA will expire on March 3, 2011 and the Developers have
requested an extension of the ENA in order to maintain their exclusivity in project negotiations.
Staff concurs with their request.
Note: final site design will not commence until following approval of a DDA
FINANCIAL STATEMENT: APPROVED:
ACCOUNT NO. 522-409-500-598-3934
For this affordable housing project, there is no developer deposit. The CDC and
Developer are each paying their own expenses. CDC costs, including staff time, are
paid from the low -mod housing fund set aside account of property tax increment.
ENVIRONMENTAL REVIEW: Not applicable,
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION: Adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS: Proposed Agreement