R 3839
RESOLUTION NO. 3839
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING STATE AFFORDABILlTY
HOUSING STANDARDS FOR DETERMINATION OF
MAXIMUM SALES PRICE FOR AFFORDABLE HOUSING
UNITS
WHEREAS, Goal A of the City's Housing Element is to provide a continuing supply of
affordable housing to meet the needs of existing and future Arroyo Grande residents in all
income categories; and
WHEREAS, the City's Housing Element sets forth inclusionary housing requirements for all
residential projects over (6) units to include a percentage of moderate, low and or very low
income units; and
WHEREAS, the City Council deems that it is in the best interest of the City to establish
specific standards for determining the maximum sales price for affordable housing units.
NOW, THEREFORE, BE IT RESOLVED thatthe City Council of the City of Arroyo Grande
hereby adopts the maximum sales price formula and standards for affordable housing units
established by the State of California as set forth in Health and Safety Code ~ 50052.5, as
from time to time amended, and as implemented in Title 25 of the Califomia Code of
Regulations. The maximum sales price shall be calculated and fixed twice annually by the
City, on January 1 and July 1 of each year. This Resolution shall take effect immediately
upon passage.
On motion by Council Member Costello, seconded by Council Member Dickens, and on the
following roll call vote, to wit:
AYES: Council Members Costello, Dickens, Guthrie, Arnold and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted on this 10th day of May 2005.
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RESOLUTION NO. 3839
PAGE 2
ATTEST:
~~
KELLY WE MO , CITY CLERK
APPROVED AS TO CONTENT:
ST4 ~;~ MANAGER
APPROVED AS TO FORM:
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RESOLUTION NO. 3839
OFFICIAL CERTIFICATION
I, KELLY WETMORE, 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. 3839 is a true, full, and correct copy of said Resolution passed
and adopted at a regular meeting of the City Council of the City of Arroyo Grande
on the 10th day of May 2005. -
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 13th
day of May 2005.
M~
ORE, CITY CLERK
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