HomeMy WebLinkAboutR28-Economic Development Agency
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ECONOMIC DEVELOPMENT AGENCY ORIGINAL
OF THE CITY OF SAN BERNARDINO
FROM:
Maggie Pacheco
Deputy Director
SUBJECT: JOINT PUBLIC HEARING. DISPOSITION AND
DEVELOPMENT OF AGENCY LOT (188
NORTH ALLEN STREET) - MEADOWBROOK
PARK HOMES, INC. APPROVED 2005
MEADOWBROOK SINGLE FAMILY
RESIDENTIAL DISPOSITION AND
DEVELOPMENT AGREEMENT
DATE:
February 7, 2005
Synopsis of Previous Commission/Council/Committee Action(s):
On December 9, 2004, Redevelopment Committee Members Estrada and McGinnis unanimously voted to recommend that
the Community Development Commission consider this action for approval.
On December 20, 2004, the Mayor and Common Council directed Staff to prepare the Disposition and Development of
Agency Lot by Meadowbrook Park Homes, Inc., for consideration and approval.
On January 10,2005, the Mayor and Common Council and the Community Development Commission jointly approved the
2005 Meadowbrook Single Family Disposition and Development Agreement by and between the Redevelopment Agency of
the City of San Bernardino and Meadowbrook Park Homes, Inc. ("2005 Agreement").
Recommended Motion(s):
OPEN/CLOSE JOINT PUBLIC HEARING
MOTION A:
(Mavor and Common Council)
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO APPROVING THE DISPOSITION OF THE AGENCY LOT TO MEADOWBROOK
PARK HOMES, INC., PURSUANT TO THE APPROVED 2005 MEADOWBROOK SINGLE
F AMIL Y RESIDENTIAL DISPOSITION AND DEVELOPMENT AGREEMENT (IVDA
REDEVELOPMENT PROJECT AREA)
MOTION B:
(Communitv DeveloDment Commission)
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN
BERNARDINO APPROVING THE DISPOSITION OF THE AGENCY LOT TO MEADOWBROOK
PARK HOMES, INC., PURSUANT TO THE APPROVED 2005 MEADOWBROOK SINGLE
F AMIL Y RESIDENTIAL DISPOSITION AND DEVELOPMENT AGREEMENT (IVDA
REDEVELOPMENT PROJECT AREA)
Contact Person(s):
Proj ect Area( s)
Gary Van OsdellMaggie Pacheco
Phone:
(909) 663-1044
IVDA
Ward(s):
Supporting Data Attached: I!'] Staff Report I!'] Resolution(s) 0 Agreement(s)/Contract(s) 0 Map(s) 0 LetterlMemo
FUNDING REQUIREMENTS Source:
SIGNATURE:
Commission/Council Notes:
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P:\Agelldas\Comm Dev Commission\COC 2005\05..02.22 Agency Lot 188 North Allen St..doc
COMMISSION MEETING AGENDA
Meeting Date: 02/22/2005
Agenda Item Number: R :J..J{
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ECONOMIC DEVELoPMENT AGENCY
STAFF REPORT
JOINT PUBLIC HEARING - DISPOSITION AND DEVELOPMENT OF AGENCY LOT
(188 NORTH ALLEN STREET) - MEADOWBROOK PARK HOMES, INC.
APPROVED 2005 MEADOWBROOK SINGLE FAMILY RESIDENTIAL
DISPOSITION AND DEVELOPMENT AGREEMENT
BACKGROUND:
In order to continue revitalizing the Meadowbrook Neighborhood, the Community Development
Commission (the "Commission") approved the Meadowbrook Single Family Residential Grant Development
Agreement (the "2003 Agreement") with ANR Industries, Inc, in February 2003. The 2003 Agreement was
focused on the development of 23 new single-family homes. These new homes were constructed on 22
parcels owned by ANR, and on one (1) parcel owned by the Agency within an area bounded by 2nd Street on
the north and Rialto Avenue on the south, Sierra Way on the west and Allen Street on the east ("Phase I
Project").
Pursuant to the 2003 Agreement, the Agency provided ANR with a grant of Agency "Low- and Moderate-
Income Housing Funds" in the amount of $500,000 to insure that ten (10) of the 23 new homes in the Phase I
Project will be affordable and available for purchase by households with annual income of up to 120% of
County median household income.
Subsequent to the approval of the 2003 Agreement, the Commission authorized the Agency and the City of
San Bernardino Housing Authority (the "Authority"), to enter into a cooperation agreement and to acquire up
to eight (8) additional parcels of land in the Meadowbrook Neighborhood as part of "Phase IA Project" to
further expand the supply of new single family homes available at affordable prices to Moderate-Income
families as defined in the approved 2005 Agreement. Phase IA Project Area boundary extends the existing
boundary to Waterman Avenue on the east from Allen Street. These additional parcels are referred to as the
"Agency Lots" and are in escrow to be transferred to Meadowbrook Park Homes, Inc. for construction of
eight (8) new homes. At the January 10, 2005 public hearing, the Mayor and Common Council and
Commission were informed that as Agency concludes further acquisition through negotiated sales, those
parcels acquired will be brought forward for disposition to the Developer.
CURRENT ISSUES:
The Agency has concluded negotiations and has acquired the property located at 188 North Allen Street
(APN: 0135-291-17) (the "Property") for $148,000, and will clear the Property for an estimated cost of
$10,000 and wishes to transfer it to the Developer for the construction of one additional single family home
under the approved 2005 Agreement. The disposition of this Agency Lot is the subject of this joint public
hearing.
Meadowbrook Park Homes, Inc. (the "Developer") is a housing development entity related to ANR
Industries, Inc., and the Developer proposes to continue the very solid start made under the 2003 Agreement
to restore the Meadowbrook Neighborhood as a single family home community. The Developer has recently
acquired or control a number of other parcels in the Meadowbrook Neighborhood in addition to and separate
from the 23 New Homes under construction pursuant to the 2003 Agreement.
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P.\AgendaslComm Dev Commis.ionICDC 2005\05.00-22 Agenc:y Lot 188 Nonh Allen Sl..doc
COMMISSION MEETING AGENDA
Meeting Date: 02/22/2005
Agenda Item Number: J( ;;(?
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Economic Development Agency Staff Report
Disposition and Development of Agency Lot-l 88 N. Allen St.
Page 2
The Developer is currently in escrow to purchase the eight (8) Agency Lots approved on January 10, 2005
and will develop them with New Homes similar in size and design with the other New Homes currently
under construction in the Phase I Project. The Developer has agreed to acquire the Agency Lot located at
188 North Allen Street in accordance with the approved 2005 Meadowbrook Single Family Residential
Disposition and Development Agreement (Meadowbrook neighborhood Restoration Area) (the "2005
Agreement"). It is proposed that Agency Lot be sold to the Developer for the development of an
affordable new home (reserved for occupancy by a Moderate-Income Household earning up to 120% of
County median income).
For the purpose of the Health and Safety Code Section 33433 Report (described below as the "Summary
Report"), the report includes only one (1) Agency Lot. The approved 2005 Agreement sets forth the
terms and conditions under which the Agency Lot will be transferred to the Developer for development
and sale of the New Home. The Developer shall pay the Agency the sum of $30,000 for the Agency Lot.
This $30,000 will be used to offset the Agency direct subsidy costs of $158,000. The Developer must
acquire Agency Lot in an AS IS condition, The payment by the Developer for the Agency Lot shall be
evidenced by a promissory note secured by a subordinate deed of trust to a construction loan on the
Agency Lot. The promissory note is payable by the Developer at the time of sale of the Agency Lot to a
"Qualified Homebuyer". No interest accrues on the promissory note during the first eighteen (18)
months, but after that date, the rate of interest is 6% per annum until paid. The Developer shall construct
single family home on Agency Lot that is similar in size and design with DP III No. 03-34, as approved
by the Planning Commission on November 18, 2003 for the Phase I Project. The Development of the
New Home is expected to begin thirty (30) days after the Agency/Developer have closed escrow on the
Agency Lot, and expected to be completed within twelve (12) months.
Prior to the proposed sale of the Agency Lot to the Developer, the Commission, and Council are required
to conduct a public hearing in accordance with Health and Safety Code Section 33433. The Summary
Report identifies the salient points of the Disposition of Agency Lot pursuant to the approved 2005
Agreement, the cost of the sale of the Agency Lot to the Developer and the estimated value of the
interests conveyed in the Agency Lot determined at the highest and best use permitted based on the
restricted reuse value and the CC&R's which are part of the approved 2005 Agreement. As required
under the Health and Safety Code Section 33433, a public notice of this joint public hearing was
published in the Sun Newspaper of February 7 and 14,2005.
ENVIRONMENTAL IMPACT:
The proposed disposition and development of Agency Lot described above is a categorically exempt
project under the California Environmental Quality Act ("CEQA"). Accordingly, a Notice of Exemption
for the 2005 Agreement was filed with the County Clerk on January 14, 2005.
FISCAL IMPACT:
The estimated expenditure related to the Agency Lot is approximately $158,000. This figure includes
actual acquisition and estimated demolition costs. The total consideration to be paid by the Developer to
the Agency for Agency Lot is $30,000 as described above.
P:\AgendulComm Dev Comm~.io.\CDC ZOOSIOSo02.ZZ Aaeney Lo.188 North Ane. SLdoc
COMMISSION MEETING AGENDA
Meeting Date: 02/22/2005
Agenda Item Number: Je 2,R
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Economic Development Agency Staff Report
Disposition and Development of Agency Lot-188 N. Allen St.
Page 3
RECOMMENDATION:
e e. r e~'. ,ne ee' -.- "n e
That the Mayor and Common Council and the Community Development Commission adopt the attached
Resolutions.
L---
Maggie Pachec
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P:\Agendu\Comm Dev Commission\CDC 2005\05-02-22 Agency Lot 188 North Allen St..doc
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COMMISSION MEETING AGENDA
Meeting Date: 02/22/2005
Agenda Item Number: te:Lt
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RFroLUTIONNO. -t ~ rP>Y
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO APPROVING THE DISPosmON OF THE
AGENCY LOT TO MEADOWBROOK PARK HOMES, INC., PURSUANT
TO THE APPROVED 2005 MEADOWBROOK SINGLE FAMILY
RESIDENTIAL DISPOSITION AND DEVELOPMENT AGREEMENT
(IVDA REDEVELOPMENT PROJECT AREA)
WHEREAS, the Redevelopment Agency of the City of San Bernardino (the "Agency")
7 is a public body corporate and politic; and
8 WHEREAS, the Agency owns real property at 188 North Allen Street (APN: 0135-291-
9 17); and
10 WHEREAS, the parcel ofland identified above is referred to as "Agency Lot"; and
11 WHEREAS, the Agency acquired the Agency Lot using low- and moderate-income
12 housing tax increment set-aside funds in the amount of $148,000 and estimated demolition cost
13 of$10,000 for a total expenditure of$158,000; and
014
WHEREAS, the Agency proposes to transfer the Agency Lot to Meadowbrook Park
IS Homes, Inc., a California corporation (the "Developer") in accordance with the terms and
conditions of the approved agreement entitled "2005 Meadowbrook Single Family Residential
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Development Agreement (Meadowbrook Restoration Area)", dated as of January 10, 2005 (the
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"2005 Agreement"); and
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WHEREAS, the Developer shall develop and improve Agency Lot as may hereafter be
transferred by the Agency to the Developer pursuant to the 2005 Agreement with a New Home,
using the design and improvement standards which are consistent with City Development
Permit ill No. 03-34, as previously approved by the Planning Commission on November 18,
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2003 under the 2003 Agreement; and
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WHEREAS, the Agency has prepared and published a notice of joint public hearing .
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The San Bernardino County Sun Newspaper on February 7 and 14, 2005, regarding th
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o consideration and approval of the Disposition and Development .of Agency Lot; and
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WHEREAS, pursuant to Health and Safety Code Section 33433, the Agency ma
transfer Agency Lot to the Developer subject to the Mayor and Common Council adopting
Resolution authorizing the Agency to transfer su~h Agency Lot in light of the findings set fo
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4 herein, and the Agency has prepared a Summary Report that describes the salient points of th
5 Disposition of Agency Lot to the Developer and identifies the cost of the 2005 Agreement to th
6 Agency.
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NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND ORDERED
BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS
8
9 FOLLOWS:
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Section 1.
The Recitals of this Resolution are true and correct.
Section 2.
On February 22,2005, the Mayor and Common Council conducted a
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and fair joint public hearing with the Commission, and considered the written Agency
report relating to the Disposition and Development of Agency Lot, the Summary Report and th
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o 14 testimony submitted relating to the disposition and redevelopment of Agency Lot by th
Develope!' pursuant to the terms and conditions of the approved 2005 Agreement. The minute
IS
of the City Clerk for the February 22, 2005, joint public hearing of the City Council and th
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Commission shall include a record of all communication and testimony submitted to the Ci
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Council and the Commission at the joint public hearing by interested persons relating to th
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Summary Report and the Disposition and Development of Agency Lot.
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Section 3.
This Resolution is adopted in order to satisfy the provisions of Health an
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21 Agency to the Developer on the terms and conditions set forth in the approved 2005 Agreement
22 The City Council hereby fmds and determines as follows:
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(i)
The Summary Report contains the information described in Health and Safe
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Code Section 33433(a)(2)(B);
(ii) The disposition and redevelopment of Agency Lot by the Developer is
accordance with the approved 2005 Agreement and is
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affordable single family housing supply preservation and expansion programs 0
the Agency Housing Implementation Plan;
Section 4.
The Mayor and Common Council hereby find and determine that th
environmental review of the approval of the Disposition and Development of Agency Lo
contempla~ thereunder is a "categorically exempt project" for the reasons indicated in th
Agency Staff Report. No potentially adverse environmental effects are anticipated to
associated with the redevelopment of the Project.
Section 5.
The Mayor and Common Council hereby receive
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Summary Report pursuant to the approved 2005 Agreement in the form as submitted at this join
public hearing.
Section 6.
The Mayor and Common Council hereby approve the disposition 0
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Agency Lot by the Agency to the Developer on the terms set forth in the approved 200
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The City is not a party to the 2005 Agreement, and nothing in
Resolution shall be deemed to constitute an approval by the City of any application for
development project permit or approval which the Developer may hereafter be required to ob .
from the City as a condition precedent to the performance of the Developer's obligation unde
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the 2005 Agreement with respect to the redevelopment of the Project and/or the construction 0
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any New Home on Agency Lot. The City hereby reserves its discretion under all applicable la
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to approve or reject, and to impose any appropriate condition of its approval on any suc
development project permit application as the Developer may hereafter submit to the City .
connection with the-Projecl
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Section 8.
This Resolution shall take effect upon its adoption and execution. in.
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manner as required by the City Charter.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO APPROVING THE DISPOSITION OF THE
AGENCY LOT TO MEADOWBROOK PARK HOMES, INC., PURSUANT
TO THE APPROVED 2005 MEADOWBROOK SINGLE FAMILY
RESIDENTIAL DISPOSITION AND DEVELOPMENT AGREEMENT
(IVDA REDEVELOPMENT PROJECT AREA)
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
6 Common Council of the City of San Bernardino at a
meeting thereof, held
7 on the day of
8 Council Members: Aves
9 ESTRADA
LONGVILLE
10
MCGINNIS
11
DERRY
12
KELLEY
13 JOHNSON
0 14 MC CAMMACK
, 2005. by the following vote to wit:
Navs
Abstain
Absent
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Rachel G. Clark, City Clerk
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The foregoing. resolution is hereby approved this
day of
.2005.
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Judith Valles, Mayor
City of San Bernardino
Approved as to form and Legal Content:
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By:
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City Attorney
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RESOLUTIONNO. t lQ) rY
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO APPROVING THE DISPOSmON
OF THE AGENCY LOT TO MEADOWBROOK PARK HOMES, INC.,
PURSUANT TO THE APPROVED 2005 MEADOWBROOK SINGLE
FAMILY RESIDENTIAL DISPOSmON AND DEVELOPMENT
AGREEMENT (IVDA REDEVELOPMENT PROJECT AREA)
WHEREAS, the Redevelopment Agency of the City of San Bernardino (the "Agency")
7 is a public body corporate and politic; and
8 WHEREAS, the Agency owns real property at 188 North Allen Street (APN: 0135-291-
9 17); and
WHEREAS, the parcel ofland identified above is referred to as "Agency Lot"; and
WHEREAS, the Agency acquired the Agency Lot using low- and moderate-income
housing tax increment set-aside funds in the amount of $148,000 and estimated demolition cost
of$IO,OOO for a total expenditure of$158,000; and
~REAS, the Agency proposes to transfer the Agency Lot to Meadowbrook Park
Homes, Inc., a California corporation (the "Developer") in accordance with the terms and
conditions of the approved agreement entitled "2005 Meadowbrook Single Family Residential
Development Agreement (Meadowbrook Restoration Area)", dated as of January 10,2005 (the
"2005 Agreement''); and
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WHEREAS, the Developer shall develop and improve Agency Lot as may hereafter be
transferred by the Agency to the Developer pursuant to the 2005 Agreement with a New Home,
using the design and improvement standards which are consistent with City Development
Permit III No. 03-34, as previously approved by the Planning Commission on Nov~mber 18,
2003 under the 2003 Agreement; and
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WHEREAS, the Developer shall pay the Agency the sum of $30,000 for the Agency
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Lot. The payment by the Developer for 'Agency Lot shall be evidenced by a promissory note
secured by a subordinate construction loan deed of trust on the Agency Lot. The promisSory
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note is payable by the Developer at the time of sale of the Agency Lot to a "Qualified
Homebuyer" as defmed in the 2005 Agreement; and
WHEREAS, the Agency have prepared and published a notice of joint public hearing .
The San Bernardino County Sun Newspaper on February 7 and 14, 2005, regarding th
consideration and approval of the Disposition and Development of Agency Lot; and
WHEREAS, pursuant to Health and Safety Code Section 33433, the Agency may transfe
Agency Lot to the Developer subject to the Mayor and Common Council and the Communi
Development Commission adopting a Resolution authorizing the Agency to transfer suc
property in light of the findings set forth herein, and the Agency has prepared a Summary Repo
that describes the salient points of the disposition of Agency Lot to the Developer and identifie
the cost of the transaction to the Agency.
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NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO DOES HEREBY RESOL VB, DETERMINE AND ORDER AS
FOLLOWS:
Section 1.
The Recitals of this Resolution are true and correct.
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Section 2.
On February 22, 2005, the Community Development Commissio
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conducted a full and fair joint public hearing with the Mayor and Common Council, an
considered the written Agency staff report relating to the Disposition and Development 0
Agency Lot, the Summary Report and the te.stimony submitted relating to the disposition an
19, redevelopment of Agency Lot by the Developer pursuant to the terms and conditions of th
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approved 2005 Agreement. The minutes of the City Clerk for the February 22, 2005, joint publi
hearing of the Community Development Commission and the- Common Council shall include
record of all communication and testimony submitted to the Community Developmen
Commission and the Common Council at the joint public hearing by interested persons relatin
to the Summary Report and the Disposition and Development of Agency Lot.
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Section 3.
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This Resolution is adopted in orderto satisfy tlre provisions of Health an
Safety Code Section 33433 as those provisions relate to the disposition of Agency Lot by th
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Agency to the Developer on the tenns and conditions set forth in the approved 2005 Agreement
The Community Development CommissIon hereby finds and determines as follows:
(i) The Summary Report contains the information described in Health and Safe
Code Section 33433(a)(2)(B);
Section 4.
(ii) The disposition and redevelopment of Agency Lot by the Developer- is i
accordance with the approved 2005 Agreement and is consistent with th
affordable single family housing supply preservation and expansion programs 0
the Agency Housing Implementation Plan;
(iii) The disposition of Agency Lot to the Developer on the terms set forth in th
approved 2005 Agreement shall assist in the elimination of conditions of blight 0
Agency Lot and in the Meadowbrook Neighborhood Restoration Area;
The Community Development Commission hereby find and determin
that the environmental review of the approval of the Disposition and Development of Agenc
Lot contemplated thereunder is a "categorically exempt project" for the reasons indicated in th
Agency Staff Report. No potentially adverse environmental effects are anticipated to b
associated with the redevelopment of the Project, and accordingly based upon its 0
independent review of the information provided to the Community Development Commissio
regarding the Project, the Community Development Commission approved the 2005 Agreemen
on January 10, 2005 and a Notice of Exemption under CEQA relating to the Project was filed 0
January 14,2005.
Section 5.
The Community Development Commission hereby receive and approv
the Summary Report pursuant to the approved 2005 Agreement in the form as submitted at thi
22 joint public hearing.
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Section 6.
The Community Development Commission hereby approves th
24 disposition of Agency Lot by the Agency to the Developer on the terms set forth in the approve
2S. 2005 Agreement and hereby anthorizes'- the- Executive. Director to execute the Notice 0
o Availability for transfer of Agency Lot on behalf of the Agency.
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This Resolution shall take effect upon its adoption and execution.
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO APPROVING THE DISPOSITION
OF THE AGENCY LOT TO MEADOWBROOK PARK HOMES, INC.,
PURSUANT TO THE APPROVED 2005 MEADOWBROOK SINGLE
FAMILY RESIDENTIAL' DISPOSITION AND DEVELOPMENT
AGREEMENT (IVDA REDEVELOPMENT PROJECT AREA)
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Communit
6 Development Commission of the City of San Bernardino at a
meeting thereof, held
7 on the day of , 2005, by the following vote to wit:
8 Commission Members: Aves Navs Abstain Absent
9 ESTRADA
LONGVILLE
10
MCGINNIS
11
DERRY
12
KELLEY
13 JOHNSON
0 14 MC CAMMACK
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Secretary
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The foregoing resolution is hereby approved this day of ,2005.
!8
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Judith Valles. Chairperson
Community Development Commission
of the City of San Bernardino
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22' Approved as to torm and Legal Content:
.,.
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By:
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SUMMARY REPORT PURSUANT TO HEALTH AND SAFETY CODE SECTION 33433 OF
THE CALIFORNIA COMMUNITY REDEVELOPMENT LAW - REGARDING THE
DEVELOPMENT AND DISPOSITION OF AGENCY OWNED PROPERTY AT 188 NORTH
ALLEN STREET PURSUANT TO THE TERMS OF THE APPROVED 2005
MEADOWBROOK SINGLE-FAMILY RESIDENTIAL DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY
AND MEADOWBROOK PARK HOMES, INC., IN THE MEADOWBROOK
NEIGHBORHOOD
INTRODUCTION
This Summary Report (the "Report") has been prepared by the Redevelopment Agency of the City of
San Bernardino (the "Agency") in accordance with Health and Safety Code Section 33433. This
Report sets forth certain details of the approved 2005 Meadowbrook Single-Family Residential
Disposition and Development Agreement (the "2005 Agreement") dated January 10, 2005, by and
between Meadowbrook Park Homes, Inc., a California corporation (the "Developer") and the
Agency. The 2005 Agreement provides for the disposition of certain Agency-owned lands to the
Developer for redevelopment as new single-family dwellings. The new housing development
project, which may be undertaken by the Developer, is referred to in the 2005 Agreement as the
"Project". In other written reports and materials relating to the Project: the new housing development
activities of the Developer are also referred to as the "Phase IA Project". Per the 2005 Agreement,
eight properties and other future Agency owned properties would be transferred to the Developer tor
development into single-family homes. This report is prepared for the transfer of the 188 North
Allen Street (APN: 0135-291-17) property (the "Property"). The Property detail is as follows:
Agency Lot Address APN Number Approximate Size
of A2ency Lot
188 North Allen Street 0135-291-17 6,750 sq. ft
A. SALIENT POINTS OF THE APPROVED 2005 AGREEMENT
. The purpose of the approved 2005 Agreement is to facilitate the development of
single-family homes ("New Homes") in the Meadowbrook Neighborhood. Each such
New Home will have three to four bedrooms and a" attached 2-car garage containing
approximately between 1,500-1,850 square feet of interior living area. All necessary
infrastructure improvements such as electricity, sewers, gutter, landscaping wiII be
provided by the Developer. The exterior elevations of the New Homes will vary but
in general, all elevations and floor plans will be similar to the other new homes being
constructed nearby by ANR Industries, Inc, under Phase I. These New Homes are
being constructed in accordance with City DP III, No. 03-04.
· The Agency's expenditure for the Property is estimated as follows: .
Developer Estimated Estimated Estimated
. Acquisition Relocation Moving Demolition
Pro er Address APN# Cost Cost Ex nses Cost
18~Nortb..AUen Street 0135-291-17 S30,OOO SO SO SIO,Ooo
Sub Totals 530,000 50 SO 510000.
Total -. 5158,000*
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Under state law, the Agency is authorized to transfer property to a third party
developer for redevelopment of new homes to be specialIy reserved for occupancy by
low- and moderate-income households ("Qualified Homebuyers") and to provide
affordable housing opportunities consistent with the provisions of the Redevelopment
Plan for Inland ValIey Redevelopment Project Area (IVDA).
B. COST OF THE TRANSFER OF PROPERTY PURSUANT TO THE APPROVED 2005
AGREEMENT TO THE AGENCY
This. Section outlines the total costs of transferring the Property to the Developer, including,
but not limited to land acquisition and clearance costs. As stated above, the Agency has
expended $158,000 for Property acquisition and estimated demolition of the structure on 188
North Allen Street (Agency Lot).
The Agency wiII transfer the Agency Lot to the Developer for the construction of a single
family home in order to provide affordable housing opportunities to moderate-income
households. The Developer wiII pay $30,000 for the Agency Lot. The payment by the
Developer for the Agency Lot shaII be evidenced by a promissory note secured by a
subordinate deed of trust to a construction loan on the Agency Lot. The promissory note is
payable by the Developer at the time the Developer selIs the Agency Lot to a "Qualified
Homebuyer". No interest accrues on the promissory note during the first eighteen (18)
months for the Agency Lot; after that date, the rate of interest is 6% per annum until paid.
C.
ESTIMATED VALUE OF THE INTEREST TO BE CONVEYED BY THE AGENCY
DETERMINED ATTH~ HIGHEST AND BEST USES PERMITTED lJNBD;lBB
RE~JljVELO!mW PLAN: AND ESTIMATED VALUE OF THE INTEREST TO BE
CONVEYED BASED ON ~OUIRED REUSE AND WITH THE CONDITIONS.
COVENANTS AND RESTRIctIONS REOUlRED
The estimated value of Agency Lot is $30,000. The value was established through
affordability analysis of cost supported by comparable sales in the area.
The sale of the Agency Lot is necessary to facilir,te the implementation of the
Redevelopment Plan for the Inland Valley Redevelopment Project Area (IVDA), which
obligates the Agency to insure that affordable housing opportunities are made available to aII
project area residents.
In conclusion, the interest to be conveyed to Developer has been determined to be the highest
and. best use- permitted under the IVDA Redevelopment Plan and holds true for die' muse
value, considering that Agency Lot is subject to conditions, covenants and restrictions placed
by the Agency per the approved 2005 Agreement. The interest and land conveyed to the
Developer will be developed in conformance with the City's General Plan and Housing
Element, Municipal Development Code, and Agency's AB 1290 Implementation Plan.
. J'
P:\Af1tIo4u~-vw-y --"1ZOO5Ill~.Z2 M__.'II N. AIloo ~ Slunmory .......n.doc
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40
,
** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT **
RESOLUTION AGENDA ITEM TRACKING FORM
~);,il/
Meeting 0.10 (Dare ^""f): ~ Item' I< :;'8 Q\ ) ",...uti.. ./)fJoS" - ,;; .3
Vote: Ayes Nays . Abstain Absent
Change to motion to amend original documents 0 Companion Resolutions
Null/Void After: days /
Resolution # On Attachments: 0 Note on Resolution of attachment stored separately: 0
PUBLISH 0
Date Sent to Mayor:
Date of Mayor's Signatur :
Date of Clerk/CDC Signature:
RECORD W/COUNTY 0
By:
Reso. Log Updated:
Seal Impressed:
~,
;(
Date Memo/Letter Sent for Signature:
1 sl Reminder Letter Sent:
Date Returned:
2nd Reminder Letter Sent:
Not Returned: 0
Request for Council Action & Staff Report Attached:
Updated Prior Resolutions (Other Than Below):
Updated CITY Personnel Folders (6413,6429,6433, 10584, 10585, 12634):
Updated CDC Personnel Folders (5557):
Updated Traffic Folders (3985, 8234, 655, 92-389):
YesL
By_
By_
NoL By_
NO~BY_
No_ By_
No
No/"
Yes
Yes
Yes
Yes
Copies Distributed to: /
Animal Control 0 Information Services 0
City Administrator 0 Facilities 0 Parks & Recreation 0
City Attorney Finance 0 Police Department 0
Code Compliance 0 Fire Department 0 Public Services 0
Development Services 0 Human Resources 0 Water Department 0
Others:
N-:>>~"f p tJ~
t p'rY-/S
Ready to File: Date:
Revised 12/18/03
** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT **
RESOLUTION AGENDA ITEM TRACKING FORM
MoetingDate(Thrte_:~ !tem# R Ji Cb) R=lution# CIY'-poor;-io
Vote: AyeS~ Nays Abstain Absent
Change to motion to amend original documents 0 Companion Resolutions
Null/Void After: days /
Resolution # On Attachments: 0
PUBLISH 0
POST 0
Note on Resolution of attachment stored separately: 0
RECORD W/COUNTY 0 By:
Date Sent to Mayor:
Date of Mayor's Signature:
Date of ClerklCDC Signature:
V"\
Reso. Log Updated: 6/
Seal Impressed: ~
Date Memo/Letter Sent for Signature:
l't Reminder Letter Sent:
Date Returned:
2nd Reminder Letter Sent:
Not Returned: 0
Request for Council Action & Staff Report Attached:
Updated Prior Resolutions (Other Than Below):
Updated CITY Personnel Folders (6413, 6429, 6433, 10584, 10585, 12634):
Updated CDC Personnel Folders (5557):
Updated Traffic Folders (3985, 8234, 655, 92-389):
Yes/"
Yes
Yes
Yes
Yes
No . By_
NoT By_
NO~ By_
No~By _
No_ By_
Copies Distributed to:
Animal Control 0
City Administrator 0
City Attorney 0
Code Compliance 0
Development Services 0
Others:
EDA j Information Services 0
Facilities 0 Parks & Recreation 0
Finance 0 Police Department 0
Fire Department 0 Public Services 0
Human Resources 0 Water Department 0
Notes:
.....y In F.. 1
/
Date: (;ryY' -6
,
Revised 12/18/03