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HomeMy WebLinkAbout008-2015RESOLUTION NO. 8-2015 AUTHORIZING THE TOWN MANAGER TO EXECUTE A REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS FOR THE BELOW MARKET RATE RESIDENTIAL UNITS REQUIRED IN THE DANVILLE HOTEL PROJECT (APNs 208-023-003; -004; -008; -009; and -024) WHEREAS, at their meeting on March 22, 2011, the Danville Heritage Resource Commission adopted Resolution No. 2005-01, approving Final Development Plan request FDP 10-64 and Major Subdivision request SD 9292 and authorizing the redevelopment of the property commonly referred to as the Danville Hotel property (further identified as APNs 208-023-003; -004; -008; -009; and -024); and WHEREAS, approval of FDP 10-64 authorized the construction of just under 52,000 square feet of new conditioned and unconditioned space on the Danville Hotel property, inclusive of approximately 19,600 square feet of new conditioned space for residential use, with that authorization also allowing for the space to be used for the construction of up to 18 residential condominium units; and WHEREAS, conditions of approval for the project linked the development of the residential units to the provision of either for -rent or for -sale below market rate units (BMR units) that were to be occupied by qualifying moderate income households earning a maximum of 110% of the published median income for the Contra Costa County and Alameda County Area; and WHEREAS, under the provisions of the Town of Danville's Inclusionary Housing Ordinance, the developer (Danville Hotel Holdings, Ltd.) is required to execute an affordable housing agreement with the Town regulating the development, use and occupancy of the BMR units; and WHEREAS, at 18 new residential units, the maximum number of units authorized to be built through the project approval, the developer is required to provide a minimum of two BMR units - being 15% of the units created; and WHEREAS, promoting the development of affordable housing within the Town of Danville is a goal of the adopted Danville 2007-2014 Housing Element and the draft Danville 2014-2022 Housing Element; and WHEREAS, the Town Council reviewed the draft affordable housing agreement (the Regulatory Agreement and Declaration of Restrictive Covenants) prepared for the project that will provide for the regulation of the occupancy and use of the BMR units at their meeting of February 17, 2015; and WHEREAS, a staff report was submitted recommending that the Town Council approve the draft affordable housing agreement between the Town and Danville Hotel Holdings, Ltd. for the BMR units; now, therefore, be it RESOLVED, that the Danville Town Council hereby finds that the draft affordable housing agreement regulating the development, use and occupancy of the two BMR units to be developed within the Danville Hotel project is appropriate and is consistent with the intent and requirements of the project conditions of approval and the Town's Inclusionary Housing Ordinance; and be it further RESOLVED, that the Danville Town Council hereby authorizes the Town Manager to execute the affordable housing agreement with Danville Hotel Holdings, Ltd 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 or materially change the agreement. APPROVED by the Danville Town Council at a regular meeting on February 17, 2015, by the following vote: AYES: Doyle, Stepper, Arner.ich, Morgan, Storer NOES: None ABSTAIN: None ABSENT: None MAYOR APPROVED AS TO FORM: CITY ATTORNEY ATTEST: a CITY CL PAGE 2 OF RESOLUTION NO. 8-2015 DANVILLE DEVIL MOUNTAIN RUN May 3, 2015 Street Closure Time 4:00 a.m. —10:30 a.m. LVCIII L.IIIIILZI rulmic: io Barricade Locations Start Line 5 & 10K Mobile Command (identified location in Railroad Avenue Municipal Lot is where Maintenance will place barricades on Friday, May 1) Portable b I e Re st roo m s 72 Hour Posting Area inside/outside event limits on Prospect Finish Line 5 K Avenue and inside parking lot. Post 8 parking signs where pink xxx Exhibit 1 is for no parking beginning Saturday at 2:00 p.m. Course Maps 5k Course DANVILLE DEVIL MOUNTAIN RUN May 3, 2015 Street Closure Time 4:00 a.m. —10:30 a.m. DEVIL k/11f0kR It 5k/10kRUN m .. �� ac 2 . F �5 r r 3A 3B � }�ar�rs��Ur r kv r 4 El Capilati Dr �+ i i = course Monitor Police Past IOK ROUTE 5K ROUTE Mile (Markers =Mile Markers =(Medical (Medical = Water Station x i Rd �hT, S 4�1 1A a r , = Course Monitor Police Past IOK ROUTE Mile (Markers lid =(Medical Oj i = Water Station rw Exhibit 1