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Current Council Agenda and Past Meeting Information

 

CITY COUNCIL AGENDA ITEM NO. 13

Meeting Date: August 8, 2006

Subject/Title: Adopt a Resolution approving and authorizing the City Manager to sign an Affordable Housing Agreement between the City of Brentwood and Horace Siino for Subdivision 8701.

Prepared by: Kwame P. Reed, Senior Housing Analyst

Submitted by: Howard Sword, Community Development Director

RECOMMENDATION
Adopt a Resolution authorizing the City Manager to sign an Affordable Housing Agreement between the City of Brentwood and Horace Siino for Subdivision 8701 and such other documents as may be needed to complete the transaction.

PREVIOUS ACTION
Ordinance 790 was adopted by the City Council on January 11, 2005 amending the City of Brentwood Affordable Housing Program.

At its meeting of December 15, 2005, the Housing Subcommittee recommended approval of the Affordable Housing Agreement with Horace Siino for Subdivision 8701.

BACKGROUND
Subdivision 8701 is a nine lot subdivision that includes one remainder home. Based on Ordinance 790 and the direction of the Housing Subcommittee, Subdivision 8701 is obligated to provide one affordable unit. At the direction of the Subcommittee, staff has negotiated an agreement that allows Mr. Siino to pay an in-lieu to satisfy the obligation.

RECOMMENDATION
The Housing Subcommittee is recommending the included agreement to City Council for approval.

The calculation of the in-lieu fee is as follows:

• In-Lieu Fees for 1 L unit is $182,993
• Total Fees = $182,993

Please note: The above fees and contribution is an estimate. The actual fee and contribution in effect at the time of building permit will be calculated.

FISCAL IMPACT
As prescribed by Ordinance 790, all in-lieu fees collected are deposited into the Housing Fund. As noted above, an estimated total of $182,993 will be collected as a result of the agreement at the time of building permit. Twenty percent of the $182,993 will be used to pay for the administrative expenses of the Housing Division. The remaining eighty percent will be used for projects.

Attachments
Resolution
Affordable Housing Agreement

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRENTWOOD APPROVING AND AUTHORIZING THE CITY MANAGER TO SIGN, AN AFFORDABLE HOUSING AGREEMENT BETWEEN THE CITY OF BRENTWOOD AND HORACE SIINO FOR SUBDIVISION 8701 AND SUCH OTHER DOCUMENTS AS MAY BE NEEDED TO COMPLETE THE TRANSACTION

WHEREAS, on January 11, 2005, the City Council adopted Ordinance 790, an Ordinance of the City Council of the City of Brentwood approving an amendment to the Municipal Code adding Chapter 17.725 that establishes an Affordable Housing Program; and

WHEREAS, Horace Siino (the “Developer”), had a Condition of Approval to Subdivision 8701 (the “Project”) to comply with the City of Brentwood Affordable Housing Program; and

WHEREAS, the Developer has agreed to pay the appropriate in-lieu fee as formulated by Ordinance 790 for projects that are not obligated to construct a unit; and

WHEREAS, the Developer has agreed to pay in lieu fee in effect at the time of building permit based on the following formula:
In-Lieu Fees for 1 L unit

NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Brentwood does hereby approve and authorize the City Manager to sign, an Affordable Housing Agreement with Horace Siino for Subdivision 8701 and such other documents as may be needed to complete the transaction.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Brentwood at a regular meeting held on the 8th day of August 2006 by the following vote
 

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