FULL PACKET_2018-11-20 - Laserfiche WebLink

Home Browse Search

AGENDA ITEMS 60A AND 85A CONSIDERED OUT OF ORDER ADMINISTRATIVE MATTERS - BUSINESS 60A. APPROVE A DENSITY BONUS AGREEMENT TO ALLOW A 418 UNIT AFFORDABLE SENIOR RENTAL COMMUNITY AT 2222 EAST FIRST STREET {STRATEGIC PLAN NOS. 3, 2; 5, 31 — Community Development Agency Planning Commission approved the recommended action on September 11, 2017 by a vote of 5-2 (Contreras -Leo and Nguyen dissented). Councilmember Benavides, requested clarification if item is a senior citizen affordable housing project and if funds have been committed by City; does not support item. Steven Mendoza, Executive Director of Community Development, confirmed that it is a senior citizen affordable housing project. Noted developers side -letter request of $60 million and subsequent City denial. Councilmember Benavides, noted that developer had made prior commitment to not request City funding. Expressed concern over inconsistencies and lack of transparency specific to density bonus. Councilmember Sarmiento, noted that item is a non-binding commitment that would allow applicant to seek financing based on density bonus agreement. Executive Director Mendoza stated that applicant would pursue financing through private sector. Upon City Council approval, developer would be issued building permits and commence construction. Councilmember Sarmiento, indicated applicant may return to City Council if additional financing is needed. Executive Director Mendoza noted that City would be required to perform appropriate analysis if City funding is requested. Councilmember Sarmiento, noted staff report is comprehensive and includes comments made at previous meeting. Opined need to revisit housing configuration to be consistent with housing needs. Executive Director Mendoza stated that project consists of 262 one bedroom units, 65 two bedroom units, and 91 studios. CITY COUNCIL MINUTES 5 OCTOBER 16, 2018 10A-5