HomeMy WebLinkAboutReso 15-2007
RESOLUTION NO. 15-2007
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING AND AUTHORIZING
EXECUTION OF AN AFFORDABLE HOUSING
AGREEMENT IN CONNECTION WITH THE FINAL
TERRABA Y PHASE III SPECIFIC PLAN FROM
TERRABA Y PARTNERS, LLC
WHEREAS, Terrabay Partners, LLC ("Developer") is required under the approved
Final Terrabay Specific Plan and 2006 Terrabay Project conditions of approval (Resolution
82-2006, October 11, 2006) to construct 32 llloderate incOllle units affordable to households
earning 120% of the area-wide median incollle in San Mateo County; and
WHEREAS, the Developer was required to construct these 32 units pursuant to
Terrabay Specific Plan approvals granted in October 2000; and
WHEREAS, the 2000 Terrabay Project was approved prior to the City adopting its
Inclusionary Housing Ordinance; and
WHEREAS, the 2006 Terrabay Amendment carried forward the 32 unit requirement
and is tied to Phase III commercial entitlements; and
WHEREAS, City of South San Francisco has reviewed the 2006 Terrabay Project and
determined that the construction of 32 units may be constructed off site of the Project
Property which has been approved for office and cOllllllercial uses and does not include
residential uses on the Proj ect Property; and
WHEREAS, the City Council Condition of Approval A-20 requires the Developer to
enter into an Affordable Housing Agreelllent with the City to guarantee construction of the
32 affordable units.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South
San Francisco that the City Council hereby authorizes the Affordable Housing Agreelllent
between the City of South San Francisco and Terrabay Partners, LLC for Terrabay Phase III.
BE IT FURTHER RESOLVED that the City Manager and the City Attorney are
hereby authorized to execute the agreements on behalf of the City of South San Francisco.
*
*
*
*
*
I hereby certify that the foregoing Resolution was regularly introduced and adopted
by the City Council of the City of South San Francisco at a regular Ineeting held on the 28th
day of March 2007 by the following vote:
AYES:
Councihnelnbers Mark N. Addiego, Joseph A. Fernekes and I(aryl Matsumoto,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES:
ABSTAIN:
ABSENT:
ATTEST: