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RESOLUTION NO. 12-2007
AUTHORIZING THE TOWN MANAGER TO EXECUTE A REGULATORY
AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS FOR
THE FOR-RENT BELOW MARKET RATE UNITS REQUIRED TO BE
ESTABLISHED WITHIN THE 55-UNIT ROSE GARDEN APARTMENT
CONDOMINIUM PROJECT -PUD 2004-05 & MS 851-2004
(800 CAMINO RAMON)
WHEREAS, at meetings on March 1, 2005 and March 15,2005, the Danville'Town
Council adopted Ordinance No. 2005-01 and Resolution No. 20-2005, approving
General Plan Amendment request GP A 2004-01, Preliminary Development Plan-
Rezoning request PUD 2004-05, Final Development Plan request DP 2004-17, and
Minor Subdivision request MS; 851-2004; and
WHEREAS, the approvals provide the applicants (Blake Hunt Ventures and Castle
Companies) authorization to redevelop the Navlet's co:rp.mercial property with a
mixed use commercial and residential development (Rose Garden Shopping
Center), with the project including a 55-unit apartment condominium project on the
southerly portion of the project site, being the 9.8 acre site located at the southeast
,comer of the intersection of Camino Ramon and Sycamore Valley Boulevard; and
WHEREAS, conditions of approval for the project linked the approval to the
provision of either for-rent or for-sale affordable housing units earning a maximum
of 110% of the median income established for Contra Costa and Alameda Counties;
and
'.
WHEREAS, the owners of the residential project (Castle Companies) is required to
---------ex-erutecnraffordab-Ie huu:;ilLg agreem~ffianv me reguldting the
occupancy, rent, 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 Housing Element Update of the Town of Danville;
and
WHEREAS, the Town Council reviewed the agreement submitted by Castle
Companies for the regulation of occupancy, rent, sale and resale of the affordable
housing units in the subjeCt development on February 20, 2007; and
WHEREAS, a staff report was submitted recommending that the Town Council
approve the agreement with Castle Companies for the affordable housing units;
now, therefore, be it
RESOLVED, that the Danville Town Council hereby finds that the agreement
regulating the occupancy, sale and resale for the affordable housing unit to be
developed within PUD 2004-05 is appropriate; and be it further
RESOLVED, that the Danville Town Council hereby authorizes the Town Manager
to execute the affordable housing agreement with Castle Companies 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 on February 20,
2007, by the following vote:
A YES:
NOES:
ABSTAIN:
ABSENT:
Shimansky, Andersen, Arnerich, Doyle, Stepper
None
None
None
..
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APPROVED AS TO FORM:
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CITY ATTORNEY
ATTEST:
PAGE 2 OF RESOLUTION NO. 12-2007