HomeMy WebLinkAbout004-2019DocuSign Envelope ID: 00D8D201-2B3D-4357-AEA7-152D0320332E
RESOLUTION NO. 4-2019
AUTHORIZING THE TOWN MANAGER TO EXECUTE A REGULATORY
AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS FOR THE
BELOW MARKET RATE RESIDENTIAL UNITS REQUIRED THROUGH
APPROVAL OF FINAL DEVELOPMENT PLAN REQUEST DEV16-0014
(ALEXAN RIVERWALK - 373 DIABLO ROAD)
WHEREAS, at their meeting on July 18, 2017, the Danville Town Council adopted Town
Council Resolution No. 32-2017, approving Final Development Plan request DEV16-0014;
and
WHEREAS, the approval authorized the construction of a 150 -unit apartment project at
373 Diablo Road, with a portion of the apartment units required to be developed as below
market rate residential units (BMR Units) for very low income households; and
WHEREAS, consistent with State of California and Town of Danville density bonus
regulations, the developer (i.e., Trammell Crow Residential - dba MM Danville
Apartments, LLC) is required to execute a Regulatory Agreement and Declaration of
Restrictive Covenants (Affordable Housing Agreement) that is satisfactory to the Town
to regulate the development and operation of the BMR Units for very low income
households; and
WHEREAS, the developer's decision to limit the project to a total of 144 units, the
developer is obligated to supply a minimum of ten BMR Units in the project; and
WHEREAS, promoting the development of affordable housing within the Town of
Danville is a goal of the adopted Danville 2014-2022 Housing Element; and
WHEREAS, the Town Council reviewed the draft Affordable Housing Agreement
prepared for the project that will provide for the regulation of the occupancy and use of
the BMR Units at their meeting of February 5, 2019; and
WHEREAS, a staff report was submitted recommending that the Town Council approve
the draft Affordable Housing Agreement between the Town and Trammell Crow
Residential for the BMR Units; now, therefore, be it
RESOLVED, that the Town Council authorizes the Town Manager to execute a
Regulatory Agreement and Declaration of Restrictive Covenants for the below market
rate residential units required through approval of Final Development Plan request
DEV16-0014 (Alexan Riverwalk - 373 Diablo Road).
DocuSign Envelope ID: 00D8D201-2B3D-4357-AEA7-152D0320332E
APPROVED by the Danville Town Council at a regular meeting on February 5, 2019 by
the following vote:
AYES: Arnerich, Blackwell, Morgan, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
DocuSigned by:
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MAYOR
APPROVED AS TO FORM: ATTEST:
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CITY ATTORNEY CITY CLERK
PAGE 2 OF RESOLUTION NO. 4-2019