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Home My WebLink About232-91RESOLUTION NO. 232-91 APPROVING A MODERATE INCOME HOUSING AGREEMENT BETWEEN BAS HOMES AND THE TOWN OF DANVILLE REGULATING OCCUPANCY, SALE AND RESALE OF THE FOURTEEN MODERATE INCOME UNITS WITHIN PUD 90-7/SD 7604 (BAS HOMES). WHERF~S, on December 4, 1990 the Danville Town Council adopted Ordinance No. 90- 23 granting PUD 90-7 and SD 7604 (Bas Homes) for construction of not more than 73 units on a 16.2 +/- acre parcel located on the south side of Camino Tassajara, west of Rassani Drive (APN # 206-020-057); and WHEREAS, conditions of approval required that Bas Homes construct a minimum of fourteen "moderate" income units within the development; and WHEREAS, Bas Homes is required to execute a Moderate Income Housing Agreement ("Agreement") with the Town of Danville regulating the occupancy, sale and resale of the fourteen "moderate "income units; and WHEREAS, promoting the development of affordable housing within the Town of Danville is a goal of the Draft Housing Element of the Town of Danville; and WHEREAS, the Town Council reviewed the Agreement with Bas Homes for regulating occupancy, sale and resale restrictions of the fourteen "moderate" income units on December 17, 1991; and WHEREAS, a staff report was submitted recommending that the Town Council approve the Agreement with Bas Homes for the fourteen "moderate" income units; now therefore be it RESOLVED, by the Town Council of the Town of Danville that the Town Council hereby finds that the Agreement regulating the occupancy, sale and resale for the "moderate" income units within PUD 90-7/SD 7604 is appropriate; and be it further PAGE 1 OF RESOLUTION NO. 232-91 RESOLVED, that the Town Council hereby authorizes the Town Manager to execute the Moderate Income Housing Agreement with Bas Homes in the form as lodged with the City Attorney, together with such changes as may hereafter become necessary, provided such changes do not materially increase the obligations of the Town thereunder. APPROVED by the Danville Town Council at a Regular Meeting held on December 17, 1991, by the following vote: AYES: Lane, Doyle, Greenberg, Ritchey, Shimansky NOES: None ABSTAINED: None ABSENT: None Mayo APPROVED AS TO FORM: ATTEST: City Clerk AGPZ9 PAGE 2 OF RESOLUTION NO. 232-91