HomeMy WebLinkAbout33433 JPH Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
CITY COUNCIL AND COMMUNITY DEVELOPMENT COMMISSION AGENDA
STATEMENT
MEETING DATE: June 21, 2011
AGENDA ITEM NO. I
ITEM TITLE:
Joint Public Hearing of the City Council and the Community Development Commission of the City of
National City to provide for public comment in accordance with Sections 33433, 33434, and 33679 of
the State Health and Safety Code regarding the proposed terms and conditions for the lease of land in
a Disposition and Development Agreement for real property located at 2020 and 2200 Hoover Avenue
consisting of approximately 12.75 acres proposed to be leased to Paradise Creek Housing Partners
LP for the construction of a 201-unit affordable multi -family housing project, related park and open
space improvements, related community facilities and parking..
PREPARED BY: Patricia Beard-
PHONE: 4255
EXPLANATION:
DEPARTMENT: Redevelopment
APPROVED B
As required by California Redevelopment Law, the attached report discloses a financial aspects and
redevelopment purposes to be accomplished through the Disposition and Development Agreement with
Paradise Creek Housing Partners, which is a companion item on this agenda. This public hearing is to
accept public comment on the report.
FINANCIAL STATEMENT:
ACCOUNT NO.
22-409-500-598-3934. This Agreement would commit $6,000,000 in Low Mod Housing Funds
eserves and $14,957,000 in 2011 Low Mod Bond funds for Phase I and, if the 2011 Redevelopment
Plan Amendment is successful, anticipates the commitment of $14,909,000 in future Low Mod Bond
funds for Phase II. A total of $35,866,000 is the necessary CDC assistance for the full project.
ENVIRONMENTAL REVIEW: The certified Environmental Impact Report for the Westside Specific Plan
analyzed a Transit Oriented Development for this site.
APPROVED: Finance
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION: Adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Summary Report