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HomeMy WebLinkAboutWITOD DDA Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT MEETING DATE: June 21, 2011 AGENDA ITEM NO. J ITEM TITLE: resolution of the Community Development Commission of the City of National City approving a Disposition and Development Agreement with Paradise Creek Housing Partners LP providing for the development of 201 units of infill affordable housing, public facilities, open spaces and community services on 12.75 acres known as the National City Public Works Center (2200 Hoover Avenue) and former Illes Family Trust site (2020 Hoover). (Low Mod Housing funds.) (Companion items). PREPARED BY: Patricia Beard PHONE: 4255 DEPARTMENT: APPROVED BY. elopment EXPLANATION: Following a 2008 community design process and competitive Request for Qualifications, a partnership of Related Companies of California and Community Housing Works — i.e. Paradise Creek Housing Partners LP, was selected on March 3, 2009 to work exclusively with the CDC to plan for an infill affordable housing project consistent with the Westside Specific Plan adjacent to Paradise Creek between 18th and 22nd Streets. After more than two years of effort together on this very complicated site and project, the attached Agreement will allow the CDC and developer to move into detailed planning, followed by construction. Please see the attached Background Report for a detailed explanation of the project and its terms. The project represents the largest financial commitment to a project in the history of the CDC. FINANCIAL STATEMENT: ACCOUNT NO. 522-409-500-598-3934 APPROVED: Finance 522-409-500-598-3934. This Agreement would commit $6,000,000 in Low Mod Housing Funds reserves 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 Low Mod Bond funds for Phase II. A total of $35,866,000 is the necessary CDC assistance for the full project. Additionally the CDC would commit up to $6 million in Low Moderate Housing set aside funds for remediation and relocation of Public Works. ENVIRONMENTAL REVIEW: The certified Environmental Impact Report for the Westside Specific Plan analyzed a Transit Oriented Development for this site. ORDINANCE: INTRODUCTION: 1 FINAL ADOPTION: 1 STAFF RECOMMENDATION: Adopt the resolution. I BOARD / COMMISSION RECOMMENDATION: I ATTACHMENTS: 1. Background Report 2. Proposed Agreement