HomeMy WebLinkAboutResolution 8942 N.C.S. 09/02/1980._~ „ _
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l~esolution No: 8942 N. C: S.
of the City of Petaluma, California
PLK:ad 8-14-80 ~
AUG 1 5 1980 ~ Q
A RESOLUTION AUTHORI~Z'ING EXECUTTON~OF AN AGREEMENT TO
RROUIDE LOW AND MODERATE.INCOME HOUSING WITH CAL-NORTH
BUILDERS AND bEVEL-qPERS, INC. _~ ~ .
. BE IT RESOLVf D that the Mayor or City Manager is hereby authorized
to execute an agreement for providi.ng low and mode:rate income housing with
Ca]-North Builders and~Developers, Inc., substantially in the form attached
hereto as Exhibit A as approved by the City Attorney..
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Under the power and authoriry conferred ,upon this Council by 'the Charter of said Gity.
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I hereby certify the foregoing Resolution was introduced and adopted by the
Council of th Git of Petaluma_ t a Re ular ~ ~ ~1 ' APPro ed as;:to
. Y ~ $ ) ~'t~d2pTx'-~~~-t~~ ZSOmeeting ,'~ rm
' on che 2n~ day of ~eptem~er ..._. ' 19_:.__. _, by fhe ~
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following vote: . ` "~ ~
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Crty Attorney
Counc:i:l;men Har.6erson, .Bond, Vice-Mayor Battagli.:a, Ba.lshaw,
AYES: Cavanagh; Mayor Mattei ~ , ~
NOES; Counci lman .e y :4,;~ ' j
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ABSENT; -. - , ,~" '`
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t~'T'TEST: - ~ _-= _ , / ~-
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Cit Glerl: ~ " Ma or
. . y - ' COUNGL.FILE ~~~ y ~
FORM "CA 2"1/80 RES: No.~ _
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, PLK:dh 8/:25/80
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~ ~ - ~. AGREEMENT FOR .COW' INCOME SE~N~I.OR C?I~TIZEN 'NOUS`ING'
° ~` VILLAGE MEADOW TOWNHOI'JSES ~
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° - - . •'~ ~ I'S AGR-EEMENT, i s ~ enter''ed' i nto th'i s : ~ _" day .;of _ .
~ ,~T9B0 b.y and. between Ca1~-North Bui lders and
D:ev~el~opers, I.rrc., a:C'a'liforn'iua .Co'r`poration (De~.el',qper) a'nd .the City of Fe:taluma,.
a -Cal.if.o'rnia ,Munieipal Cor'porati;o'n "(Ci>ty): .
~ ~ R£CITALS ~.. . ~ •
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' -~ ~1~,: De~eloper desi~res.._to .construct a town fiome de:velopnent planned
~to incl:ude, 120 :dwelling uni:ts on ~the :Real' Prope,rty descrii~bed in Ex'hibit A_,
~~ a:ls;o known ~as_ Vil..lage Meadow Townhous"es. '
. ,2. City's Genera1 Pl;an ha-s :a: goal the pro,vi's:i~on'. of 3-12% 1ow and
~ inoderate i~ncome hous°i'ng~ as .a part of new de:velopmen~t: ~ ~ ~~
3. ,peveloper can satisfy this ~g,o;al ,by provi~di'ng dwelli:ng units at
_: °~•bel:ow ma,rket r..a:tes ei~t'her ~for sale or for ren~.t, a'nd developer .proposes' to -,
, ~ . buil.d:,units for., sale:,, . ~
. 4:. In' ~ l i eu" ;o:f sal e of ~ the appropri:ate; numbe,r of low or moderate
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income •un`i"ts at b;elow market 'rates, devel:o`per. has propo;sed outright dedication ~
of three, dwell-in.g units to Gaty or its des:ignee to provi:de such housing, on
the .terms her,e~i~nafter se:t forth. ~ „ .
+ AGREEMEfdT ~~ .
1:. Upon approval of Unit l of Developer's 'project, DeVelo_per ~vill
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. se;t. as,i;d'e Un"i~ts 8~,~ 9 and. 10 as low income '.hous-ing, ;to 6e ~used' ~as l,ow i.hcome
~housing..;for sen:ior citizens o.nl°y. Eaeh un:it. tivill 'be approx~.mately 600 squa:re: ~
feet, 1 '.'bedr,oom, 1 -bath. . , ~
. -~ `2. Upon.complet'ion of Uni.t ,1, De,~el.oper will .convey one of ~the 3
units° so` set •asi'de to the Ci.ty. ,or •its designee,, in fee, for use as low or ;
. mode"rate income housi:ng for•seni:or ~citi,zens. .~ ~ ° .
`~` ~ ' .~. 3;;, At; the same time t'h'e fi`_rst u:n~t i:~s~ con:veyed~in fee, the re-
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~ main~.ng~ two ~units shalT be l.e:ased. for a thr.ee ye:a:r term to City or :its~ desi;gnee
~~~ for .sub:leaAs'e `to senio;r citi~zerrs who are qua,li;fied 1'ow. o:r moderate income ..
~' rec~i pients~;.: The .lease amount shal'1 be the amou•nt. paid ~ by the qu:al i fied, subl,essees,
. = f'q.r the uni"ts: • - , .
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. , . . °~ _ ~:('~..' ' ~COUNCi4 P+7~.~~~ T ~,ms+..
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~ 4. The Second ,uni t'shal l be dee;ded i n fee to Ci ty o,r to i ts desi gnee =
; ~ upon receip't by deve;l oper ,of fi nal. Ci ty approv:a~l to, :cons truc.t Un i t I I.
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5. „ The th~i';rd uni t.shal l be de_ede.d' i n fee ~to Ci`ty or to i ts :de'si gnee
~ ~~ . upon rece;j pt by de,veloper of fi nal G:i ty approGal. .to .construct ' Uni t I I I.. :
6: Units` I; II and I;II •sha1T be as, -i`dent~ified on the ap:proved uni~t ~
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`'~ ~ development plan. fo.r the ;project, or such other: deci'sion as approved by the `-
~pa rti es . _ ~~ . . . ..
7. Devel op:er. sha.l'1 ~ cause -appro'p'ri ate~ cond'i ti ons to be recorded wi th ~
- the covenants; .eondi:ti ons .arid restri cti ons so th~_at the three uni ts menti oned •. ~
herei~n ;shall not be; sub~ect, to ass'essment~ for common ~,are,a maintenance, except .
wh'en ; s'uch uni:t or uni ts i s~no 1•onger dedi~cate;d, to ~use fo:r Tow and moderate i n- - ~
~ come.•ho:using;,, then such as'sessment s;hall a'pply. A1'1 co`mmon.area maintenance shall
• be provi'ded for by Deaelo4per or its success:ors; notwi~-thstandi;nc~ the lack of assess~- ~
` . . ment therefor~against C~ty's units+:. ~
8;. Af:ter a: per.i!:od; of fi fteen ,years Gi ty o;r ~ ts des i gnee s;hal l have
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th,e ri ht to,; se,l 1, l.ease o"r.,' otrie:rwise LLtransfer a.l l or a portion, of its i nterest ,
i'n an.y dwel T`i ng ?unirt. acqui;red hereby ~to any person or en.ti ty w:hatso_ever wi thout
r fur~ther_ use restri'cti'on„ .s;o -l~on,g' as t'he procee,ds of such ,transaction are dedicated ~,
~ to~'the provisi`on of seni_or low~ or.moderat:e ~in'c'ome° housi;ng. At.any time, C;ity shall
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~ `• furth`er ha:v;e ~the r, i:ght to ~trans`fer, wi`-th ~o,r wi thout cons i~d'eration, al l or any ,
p st in.~any~'unit acqu;ire;d her ~
~ ort`ion o'f i ts .i rntere` ' ' ' e.5y -to ~ any pers'on, uni ncorpo.ra'ted
' ~ as~.socia:tion, corporation :o;r 'o~tlier enti'ty which shall guaran:tee the~:continued use' of ~
~s`ai d, uni t' or ~uni ts for seni or ci t.i zen l;ow' and modera;te i`ncome housi ng; and the
~ procee,ds.o':f such ~transaction sh.a]`l be dedicated to the provision of senior citizen
low'~ or mod'erate income housi_n'g. In.su~ch case, the~''t;ran'sferee shall succeed to all .
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rights and obl°i;,ga.tions of City ~cneated .hereby~. The inter.est of C"ity or its d:esignee -
may~ b,e ,pledged ~as securi'ty for, •mo_r-~tgage or deed of, .t'=rust, .so~ lon`g as. the proceeds
of such° transact.ion are used .fo~r capi tal i°nv'es~tment i n 1 ow o:r moder.ate i ncome
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seniar citizen hous,ing. ~ . ~ ~ .,
~ 9: Ti:me i s o_f the- es~sence of thi s a:g,reemen_t. Any~ porti~on of thi s
~ a,greement .no.t per,formed at the end, of three: yea~rs. "from ~the date~ hereof shal l be
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- , ~oid,. ~,i~t being'the .intenti~on of''Deuelope:r. to sp~read~ its, costs for p.erformance
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"he:reof' over the full number ;o,f 'housing, uni~ts p,lanned ,by developer. Time for this ;
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greement ~ma . be extende;d b mutual'` a,g:r`e;ement' o~f
" Y_~ y ' the na,rti es ,; i n wri t'i ng .
,~ ;..10'. ~ Any noti ce :,requi red , to be gaven; h:ereby shall ~be i n w~ri,ti ng and be ,
= given by depositi;ng :the~,s°ame in the United S-ta:tes mai~l.with pos,tage fully pre-
. pa;id~,.~ a'nd addressed a`sA~fol~l'o.ws:. ~ . '
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. ` . - CITY: . , 'City'Manager
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'C`fty of Petaluma "
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~ ' ~ ' Petaluma, GA 94952 ~.
~:~~ *' ~ DEUE~LOP'ER:: Ca1-No~rth Bu'i l ders and
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_ De~el,opers, Inc.
~ ~ 270Q Lakev%lle Hi;ghway
_ . ~ . F.:O:. Box 2628 ,
~ `Petal uma;, CA 94952
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~~ ~. 11;. The obli~gat.i:ons~ .- .
of this: agreement sha;ll ru:n with the' land and -
` shall~ be ,binding ;on the iie:irs, deyi:szes,, and successor.s of dev;eloper; Either ~
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, party inay record thi s agre'ement .
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or ;a •memorandum ther.eo~f,, a~nd such recordati'on :
~ sha-11 be no~t`ice' :,to al l. part'i~es' of 'tlie terms an'd, condi ti~ons th~ereof . -.
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~ : IN W~ITNESS WHEREOf the , ,, . . .
pa,rtie:s hay.e executed thi's agreement the day
. . - and date fi rst ,wr:i~t~ten. `above,. ~ '.
- - ~ DEVELOPEft`: ' . .CITY':. ~ ..
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•~ Cal N`orth Bui l ders ~and Devel:oqe ~, ~ ~ ~ ~
r:s Inc,. , ;Ci ty 'of Pe<ta,l uma; a Gal i forni:a •
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, .a :Cali=fonnia ~Corpora.t'i~on , ;' ° ~ ' ~ ~ municipal~ corporatiom
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~ BY':
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~ _ ~ Mayor or City Manager
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~ ~ Ci ty C1 erk._
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• ~,: • . . :qppro;ved ~as to. conten.t: .
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~ 'A~Pproved. a`s to fo,rm: _
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F Lawrenee K,l ose; Ci°ty~~ Attorney .
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John L. Scharzr,.Finance.Direc_tor
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