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HomeMy WebLinkAbout163-98RESOLUTION NO. 163-98 AUTHORIZING THE TOWN MANAGER TO EXECUTE AN AFFORDABLE HOUSING AGREEMENT FOR THE FOR-SALE MODERATE INCOME UNITS REQUIRED TO BE ESTABLISHED IN PUD 97-05 / SD 8096 AND PUD 98-03 / SD 8179 "OLD BLACKHAWK VILLAGE" - KAUFMAN & BROAD OF NORTHERN CALIFORNIA, INC. (3637 OLD BLACKHAWK ROAD) WHEREAS, on January 20, 1998 the Danville Town Council adopted Resolution No. 8-98 approving PUD 97-05 and SD 8096 (a portion of Old Blackhawk Village - Kaufman & Broad of Northem California, Inc.); and WHEREAS, on July 21, 1998 the Danville Town Council adopted Resolution No. 116-98 approving PUD 98-03 and SD 8179 (the remaining portion of Old Blackhawk Village - Kaufman & Broad of Northern California, Inc.); and WHEREAS, the actions collectively provide for the construction of a 35-unit single family residential project over 8.4+/- acres located 3637 Old Blackhawk Road (in the vicinity of the southeast corner of the intersection of Old Blackhawk Road and Lacewood Way and being further identified as APNs# 203-171-008, -011,013 and -051); and WHEREAS, conditions of approval for the two projects require that the Kaufman & Broad of Northern California, Inc. construct a total of three units which shall have a sales price that does not exceed the maximum price affordable to a four-person household earning 110% of the median income established for Conira Costa and Alameda Counties; and WHEREAS, Kaufman & Broad of Northern California, Inc. is required to execute an Affordable Housing Agreement ("agreement") with the Town of Danville regulating the occupancy, sale and resale of the affordable housing units; and WHEREAS, promoting the development of affordable housing within the Town of Danville is a goal of the adopted 1990-1995 Housing Element Update of the Town of Danville; and WHEREAS, the Town Council reviewed the agreement submitted by Kaufman & Broad of Northern California, Inc. for the regulation of occupancy, sale and resale of the affordable housing units in the subject development on November 4, 1998; and WHEREAS, a staff report was submitted recommending that the Town Council approve the agreement with Kaufman & Broad of Northern California, Inc. for the affordable housing units; now, therefore, be it PAGE 1 OF RESOLUTION NO. 163-98 RESOLVED, that the Danville Town Council hereby finds that the agreement regulating the occupancy, sale and resale for the three affordable housing units to be developed within PUD 97-05 / SD 8096 and PUD 98-03 / SD 8179 is appropriate; and be it further RESOLVED, that the Danville Town Council hereby authorizes the Town Manager to execute the Affordable Housing Agreement with Kaufman & Broad of Northem California, Inc. in the form as submitted to the City Clerk, together with such changes as may hereafter become necessary, provided such changes do not materially increase the obligations of the Town. APPROVED by the Danville Town Council at a regular meeting held on November 4, 1998, by the following vote: AYES: Waldo, NOES: None ABSTAIN: None ABSENT: None Arnerich, Doyle, Greenberg, Shimansky \ MAYOR APPROVED AS TO FORM: CITY ATTORNEY ATTEST: CITY CLERK PAGE 2 OF RESOLUTION NO. 163-98