R 3581
RESOLUTION NO. 3581
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE CONSENTING TO THE
APPROVAL BY THE ARROYO GRANDE
REDEVELOPMENT AGENCY APPROVING OF A
DISPOSITION AND DEVELOPMENTIAFFORDABLE
HOUSING AGREEMENT BETWEEN THE ARROYO
GRANDE REDEVELOPMENT AGENCY AND
COURTLAND - ARROYO GRANDE, L.P.
WHEREAS, the Arroyo Grande Redevelopment Agency ("Agency") and Courtland-
Arroyo Grande, L.P., a California limited partnership ("Developer") propose to enter into
the Disposition and DevelopmenUAffordable Housing Agreement ("Agreement") which
provides for the disposition and development as affordable senior housing of certain
real property ("Site") designated in the Agreement; and
WHEREAS, the Site is located in the project area ("Project Area") of the Arroyo Grande
Redevelopment Project ("Project"), and the provision of affordable housing under the
Agreement will promote the implementation of the Redevelopment Plan for the Project
("Redevelopment Plan") and the implementation plan promulgated pursuant thereto
("Implementation Plan"); and
WHEREAS, pursuant to Health and Safety Code Section 33433, the Agency prepared a
Summary Report concerning the Agreement; and
WHEREAS, a joint public hearing of the Agency and the City Council of the City of
Arroyo Grande ("City Council" or "City" as appropriate) concerning the Agreement was
duly noticed in accordance with Health and Safety Code Section 33433; and
WHEREAS, on March 20, 2002, the Agency and City Council held a joint public hearing
on the proposed Disposition and DevelopmenUAffordable Housing Agreement; and
WHEREAS, at the March 20, 2002, joint public hearing the Agency and City Council
considered the staff report and all other information, testimony, and evidence presented
with respect to the proposed Agreement; and
WHEREAS, all actions required of the Agency and City Council to be taken precedent
to review and consideration of the Agreement by the Agency and City Council have
been taken in accordance with applicable law;
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RESOLUTION NO. 3581
PAGE 2
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Arroyo
Grande as follows:
1. The City Council finds and determines that:
a. The Agreement will effectuate the purposes of the Community
Redevelopment Law (Health & Safety Code S 33000 et seq.) and the
Redevelopment Plan for the Project Area, as well as the Implementation
Plan, by facilitating the development of affordable housing for senior
citizens in the City of Arroyo Grande, in that the Agreement provides
additional funding from the Agency's Low and Moderate Income Housing
Fund for project costs that are necessary to assure a high quality
development and provision of adequate housing amenities in the project. .
b. The Agreement is consistent with the Agency's adopted Implementation
Plan adopted by the Agency in accordance with Health and Safety Code
Section 33490, in that (i) the goals and objectives set forth in the
Implementation Plan include increasing and improving the community's
supply of affordable housing, and (ii) the project on the Site is specifically
identified as one of the Agency's housing programs to be undertaken in
the time period covered by the Implementation Plan.
c. The highest and best use of the Site in accordance with the
Redevelopment Plan is the development of the Site for affordable housing.
To the extent the Agency financial assistance to the project set forth in the
Agreement constitutes an additional amount of land write-down that
affects the Agency's sale of the project site to the Developer as set forth in
the Agreement, any additional land write-down that could be construed as
resulting from the increased financial assistance provided by the Agency
in the Agreement does not affect the finding that the consideration paid by
the Developer for the Site is not less than the fair reuse value at its highest
and best use in accordance with the Redevelopment Plan, for the reasons
set forth in the Agency's Summary Report for Disposition and
Development/Affordable Housing Agreement prepared in accordance with
Health and Safety Code Section 33433, which Summary Report, a copy of
which is on file with the Agency Secretary/Director of Administrative
Services, is incorporated herein by reference as though fully set forth.
2. The City Council consents that the Agency may approve and execute the
Agreement, a copy of which is on file with the Agency Secretary/Director
of Administrative Services.
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RESOLUTION NO. 3581
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On motion by Council Member Ferrara, seconded by Council Member Lubin, and on the
following roll-call vote, to wit:
AYES: Council Members Ferrara, Lubin, Dickens, and Mayor Lady
NOES: Council Member Runels
ABSENT: None
the foregoing Resolution was passed and adopted on this 20th day of March, 2002.
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RESOLUTION NO. 3581
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MICH:~.2((~
ATTEST:
7 ttuJltL
ORE, DIRECTOR OF ADMINISTRATIVE SERVICESI
DEPUTY CITY CLERK
APPROVED AS TO CONTENT:
S~~:,~ MANAGER
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APPROVED AS TO FORM:
CITY ATTORNEY I
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RESOLUTION NO. 3581
OFFICIAL CERTIFICATION
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I, KELLY WETMORE, Director of Administrative ServiceslDeputy City Clerk of
the City of Arroyo Grande, County of San Luis Obispo, State of California, do
hereby certify under penalty of perjury, that Resolution No. 3581 is a true, full,
and correct copy of said Resolution passed and adopted at a special meeting of
the City Council/Redevelopment Agency of the City of Arroyo Grande on the 20th
day of March, 2002.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 21st
day of March, 2002.
UiL rft;vfj11t-L-
ORE, DIRECTOR OF ADMINISTRATIVE SERVICES/ I
DEPUTY CITY CLERK
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