R 5310 RESOLUTION NO. 5310
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE AUTHORIZING A BUDGET
ADJUSTMENT FROM THE AFFORDABLE HOUSING
TRUST FUND AND AUTHORIZING THE CITY MANAGER
TO EXECUTE A REGULATORY AGREEMENT WITH THE
HOUSING AUTHORITY OF SAN LUIS OBISPO
WHEREAS, the Planning Commission of the City of Arroyo Grande approved application
Lot Merger 21-001 and Conditional Use Permit 21-001 to merge four parcels and
construct sixty-three (63) multi-family residential units that will be affordable for low
income households;
WHEREAS, Planning Commission Resolution 21-2345 contains a condition of approval
requiring the developer to record a regulatory agreement against the property ensuring
that the units will remain affordable for at least 55 years from the date of occupancy; and
WHEREAS, the Affordable Housing Trust Fund is administered under the general
supervision of the Community Development Director and pursuant to the regulations
established by City Council, as established by Arroyo Grande Municipal Code Section
16.80.080; and
WHEREAS, on July 18, 2023, the developer submitted a letter requesting a contribution
from the City's Affordable Housing Trust Fund to aid in the costs in constructing the
project; and
NOW, THEREFORE, BE IT RESOLVED that the City Council authorizes a budget
adjustment in a not-to-exceed amount of$448,370.37 from the Affordable Housing Trust
Fund and authorizing the City Manager, in consultation with the City Attorney and
Community Development Director, to execute a regulatory agreement with grant
conditions between the City and the Housing Authority of San Luis Obispo (HASLO)
establishing the terms of the contribution from the City's Affordable Housing Trust Fund
to HASLO's affordable housing project located at 700 Oak Park Blvd in that not-to-exceed
amount of$448,370.37.
On motion of Council Member Barneich, seconded by Council Member George, and by
the following roll call vote, to wit:
AYES: Council Members Barneich, George, Guthrie, Secrest, and Mayor Ray Russom
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 25th day of July, 2023.
RESOLUTION NO. 52 t
PAGE 2
so A
ye
CAREN RAY 'USS o M, MAYOR
ATTEST:
L52,41/ AtiM .tr-c>ie
JESSICA 1ON,DeITY CLERK
APPROVED AS TO CONTENT:
V it gr i , 0
WH TNEY M, a ONALD, ITY MANAGER
APPROV-D AS T FORM:
411/
ISAAC ROSEN, CITY ATTORNEY
OFFICIAL CERTIFICATION
I, SARAH LANSBURGH, Deputy City Clerk of the City of Arroyo Grande, County of
San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the
attached Resolution No. 5310 was passed and adopted at a regular meeting of the City
Council of the City of Arroyo Grande on the 25th day of July, 2023.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 28th day of
July, 2023.
SARAH LANSB RGH, DLE UTY CITY CLERK