HomeMy WebLinkAboutResolution 89-006 N.C.S. 01/09/1989
~f'S®IUtI®~ NO. 89-06 N.~.S. - --- --
of the City of Petaluma, California
RESOLUTION OF INTENT TO ENTER INTO A DEVELOPMENT AGREEMENT
WITH BURBANK HOUSING DEVELOPMENT CORPORATION .FOR THE
DISPOSITION OF 8 LOTS IN THE CITY-OWNED
MADISON MANOR SUBDIVISION
WHEREAS, provision of affordable housing is an ongoing
problem in all localities; and
WHEREAS, Petaluma has shown to be leader in innovative
programs for the need of affordable housing; and
WHEREAS, Burbank Housing Development Corporation
("BURBANK") is a charitable, non-profit housing development
corporation operating in Sonoma County; and
WHEREAS, BURBANK has shown itself in Petaluma and
elsewhere in the county to be a capable provider of
affordable housing, including construction through the self-
help method; and
WHEREAS, BURBANK has proposed that all unused and
unneeded lots in the Madison Manor subdivision be developed
as low and moderate income affordable housing through the
self-help method of construction; and
WHEREAS, in order to secure funding to finance such
housing development, BURBANK is desirous of entering into a
development agreement for this project with the City of
Petaluma; and
WHEREAS, the matter was considered before the council
at its December 19, 1988 meeting; and
WHEREAS, at that meeting it was determined that it is
in the best interest of the City of Petaluma to hold back no
more than 2 of the remaining unused lots at the Madison
Manor subdivision for future flood relocation sites;
NOW, THEREFORE, BE IT RESOLVED that the City of
Petaluma hereby declares its intent to enter into a
development agreement with. BURBANK, whereby 8 of the
remaining 10 unused lots at the Madison Manor subdivision
shall be made available as the site of a mutual self-help
owner-builder affordable housing project, subject to the
following conditions:
Res. No...........S9.-O.6..... N.C.S.
1. The design of houses to be built on the lots shall
be compatible with the neighborhood and subject to
approval by SPARC;
2. Resale controls on the project shall be such as to
provide the. greatest affordability possible, while
not negatively impacting the property value of the
existing neighborhood;
3. Project construction shall begin within one year
from date of this resolution.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Appro s to
Council of the City of Petaluma at a (Regular) (Adjourned) (S~aa~ meeting
on the .......9th..-..----- day of ......Jal~l?c~rX .................................... 19....&~ by the
following vote: .............. .....................
Attorney
AYES: Cavanagh, Tencer, Woolsey, Balshaw, Vice Mayor Davis
NOES: None
ABSENT: ayo igoss ABSTAIN Sobel ~ ~ 1~¢(~
ATTEST: -•--------------- --- .- .- ........................-.......................... ..........:...... ............- - -..........-................- ~` l ~
City Clerk Mayor
Council File ....................................
CA 10-85 ~ Res. No......8~.-.C.6...N.CS_C.S.