HomeMy WebLinkAbout86-101 - Very Low Income Family Apartments•
RESOLUTION NO. 86 -101
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
APPROVING THE DENSITY BONUS REQUEST OF THE MESA DEVELOPMENT COMPANY,
THE WAIVER OF APPLICATION FEES AND THE ALLOCATION OF
$357,000 OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR PURPOSES OF
CONSTRUCTING A 25 -UNIT APARTMENT DEVELOPMENT AFFORDABLE TO
VERY LOW INCOME FAMILIES FOR A PERIOD OF 30 YEARS
WHEREAS, the City Council of the City of Newport Beach has
made a commitment to increase the supply of affordable housing in
Newport Beach; and
WHEREAS, the Housing Element of the Newport Beach General
Plan has established policies pertaining to providing housing oppor-
tunities for all economic segments of the City; and
WHEREAS, these policies include providing incentives and
direct assistance to property owners, within the limitations of
available resources; and
WHEREAS, as a part of encouraging the provision of afford-
able housing in the City, the City Council can waive all of the
required fees for affordable housing projects; and
WHEREAS, the City of Newport Beach continues to use the
majority of its Community Development Block Grant funds to assist in
the development of Affordable Housing; and
WHEREAS, Section 65915 of the California Government Code
provides for approval of a density bonus for affordable housing
developments; and
WHEREAS, the Mesa Development Company development provides
25 units affordable to very low income families for a period of thirty
years;
NOW, THEREFORE, the City Council of the City of Newport
Beach does hereby resolve as follows:
That a density bonus is hereby granted to the Mesa Develop-
ment Company for the proposed 25 -unit rental apartment
development at 1544 Placentia Avenue in this City. That
$357,000 of Community Development Block Grant funds will be
used to assist in the development of this affordable housing
project in conformance with the City's Final Statement of
Community Development Objectives and Projected Use of Funds
for the 1985 -86 and 1986 -87 program years. Further that
application fees for Amendment No. 1540 are hereby waived.
NOW, THEREFORE, the City Council of the City of Newport
Beach does hereby further resolve that the granting of a Density
Bonus, the waiver of application fees, and the allocation of $357,000
of Community Development Block Grant funds is subject to the following
• conditions:
•
1. That the development shall be in substantial confor-
mance with the approved site plan, floor plan, and
elevations.
2. That the applicant shall enter into an Affordable
Housing Agreement, approved as to form and content by
the City Attorney and the Planning Director, guarantee-
ing that a maximum of 25 units of rental housing shall
be constructed on the subject property. All 25 units
shall be made available to persons and families earning
50% or less of the Orange County annualized median
family income as periodically published by Orange
County, regardless of family size, and rented at a rate
that is affordable to persons and families earning 50%
or less of the Orange County annualized median family
income. Any or all of the 25 units may be rented at or
below the Section 8 Fair Market Rent (FMR) Schedule for
Newport Beach only when tenants occupying these units
currently possess and "active" Section 8 Existing
Rental Assistance Certificate or Voucher and currently
receive rental assistance from the Section 8 Existing
Rental Assistance Certificate or Voucher Program. Said
Affordable Housing Agreement shall be recorded with the
Orange County Recorder's Office prior to the issuance
of building permits. The team of this agreement shall
be for no less than thirty (30) years.
ATTEST
RES02
Adopted this 8th day of December , 1986.
i /
AYES Cox, Hart, Maurer, Plummer,
Sansone. Strauss. Turner
NOES
ABSENT
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