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HomeMy WebLinkAboutAGENDA REPORT 2002 0501 CC REG ITEM 10CCTTY or monRrARK. C,AT,TFORNTA City Cnnncil Nlrrfintt ACTTON: MOORPARK CITY COUNCIL AGENDA REPORT TO: The Honorable City Council FROM: Steven Kueny, City Manager DATE: April 24, 2002 (CC Meeting of May 1, 2002) SUBJECT: Consider Appointment of City Council Ad Hoc Committee for Development Agreement with USA Properties Fund, Inc. (USA) DISCUSSION: USA is processing a General Plan Amendment (GPA 2002 -01), Zone Change (ZC 2002 -01) and Residential Planned Development Permit (RPD 2002 -02) on the property directly west of the Archstone apartment project at the intersection of Park Lane and Parkcrest Lane. The proposed project would have as many as 190 apartments for low- income seniors. As currently proposed, 20 percent of the units would be for residents at or below 50 percent of median income (very low income), and 80 percent of the units would be for residents at 60 percent of the median income. USA is seeking to process this in a manner that would allow award of a State Bond Allocation. Issues to be considered by the ad hoc committee would include density, site design including parking requirements, modification to development standards, property tax offset, and requested financial assistance from City /MRA. As with other projects involving changes to the City's General Plan Land Use Element, it is appropriate to have a Development Agreement and a Council Ad Hoc Committee to work with staff on matters typically addressed in such agreements. STAFF RECOMMENDATION: Appoint an Ad Hoc Committee. M: \city share \city mgr \ccagenda \USA Prop Fund Ad Hoc 0501 2002