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HomeMy WebLinkAboutAG RPTS 2002 0403 RDA REG' _ j ESTABLISHED UAM Is. Igor �� t1F0 Oktg,� trOF� Resolution No. 2002 -106 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, APRIL 3, 2002 6:30 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COMMENT: 4. PUBLIC HEARING: 5. PRESENTATION /ACTION /DISCUSSION: A. Consider Discussion of Affordable Housing Policy. Staff Recommendation: Discuss the current policy for Affordable Housing and refer matter to the Affordable Housing Community Development Committee. B. Consider Agreement with the County of Ventura for the Exchange of Property for a Fire Station on High Street. Staff Recommendation: Authorize the Executive Director to sign the Agreement for Exchange of Real Property - Moorpark Fire Station No. 42 with the County of Ventura subject to final language approval of the Executive Director and Agency Counsel. 6. CONSENT CALENDAR: A. Consider Approval of Minutes of Special Meeting of October 17, 2001. Staff Recommendation: Approve the minutes as processed. Redevelopment Agency Agenda April 3, 2002 Page 2 7. CLOSED SESSION: A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark. (Case No. SCO28906) 8. ADJOURNMENT: ------------------------------------------------------------------------------------------ Any member of the public may address the A5ency during the Public Comments portion of the Agenda, unless it is a Public Hearing or a Presentation /Action /Discussion item. Speakers who wish to address the Agency concerning a Public Hearing or Presentations /Action/ Discussion item must do so during the Public Hearing or Presentations /Action /Discussion portion of the Agenda for that item. Speaker cards must be received by the City Clerk for Public Comments prior to the beginning of the Public Comments portion of the meeting and for Presentation /Action /Discussion items prior to the beginning of the first item of the Presentation /Action /Discussion portion of the Agenda. Speaker Cards for a Public Hearing must be received prior to the beginning of the Public Hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation /Action /Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. written Statement Cards may be submitted in lieu of speaking orally for open Public Hearings and Presentation /Action /Discussion items. Copies of each item of business on the agenda are on file in the office of the City Clerk and are available for public review. Any questions concerning any agenda item may be directed to the City Clerk at (805) 517 -6223. In compliance with the Americans with Disabilities Act, if you need assistance to participate in this meeting, please contact the City Clerk's Department at (805) 517 -6223. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting (28 CFR 35.102- 35.104 ADA Title II). MOORPARK REDEVELOPMENT AGENDA REPORT ISM S A- . C1TV OF MOORPAARK, CALIFORNIA Redevelopment Agency Meeting or _aorA 3r11 , ao0a ACTION: 'Z� Cun.; nSUS , kvfeA c�iscusaticrl op a�� r�,ab1 �1 i�,na/ AGE1�yX TO: Honorable Chair and Agency Board Members FROM: Hugh R. Riley, Assistant Executive Director DATE: March 28, 2002 (MRA Meeting of 4/3/02) SUBJECT: Discussion of Affordable Housing Policy BACKGROUND At the March 6 City Council Meeting, Mayor Hunter asked that the Redevelopment Agency Board discuss the City /Agency Affordable Housing Policy. As provided in Redevelopment Law, the City requires 15 percent of units constructed in redevelopment areas to be affordable to low and moderate income households including very low income and 10 percent for all other areas. The City's practice is that all of the affordable units be at the low (80 percent or less of median income) and very low income (50 percent or less of median income) levels. Consistent with state law, 40 percent of the affordable units in project areas must be provided for very low income households. This equates to 6 percent (40 percent of 15 percent) of the project. In areas outside of project areas, the City has required 4 percent (40 percent of 10 percent) for very low income persons. The 312 -unit Archstone apartment project was required to provide 20 percent of the units at affordable levels and obtained a modest density bonus and some minor changes to development standards. In the past, the City has allowed some or all of a developer's requirement for very low income units to be satisfied by payment of an in -lieu fee or to be provided off site. In a report provided separate from this report, staff has included excerpts of the affordable housing portion of several development agreements and the Disposition and Development Agreement (DDA) with Cabrillo, the Honorable Agency Board of Directors March 28, 2002 (MRA Meeting of 4/3/02) Page 2 conditions of approval for Tracts 5181 (Asadurian) and Tract 5133 (Shea Homes, formerly Far West). In addition, staff has provided a recap of the obligated and available Agency low and moderate housing set -aside funds and current county median income figures. STAFF RECOMMENDATION Discuss the current policy for Affordable Housing and refer matter to the Affordable Housing Community Development Committee. HRR: SK: db MOORPARK REDEVELOPMENT AGENCY 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864 A ITEM MEMORANDUM TO: Honorable Chair and Agency Board Members Steve Kueny, Executive Director FROM: Hugh R. Riley, Assistant Executive Director ' DATE: March 28, 2002 SUBJECT: Support Information Housing Policy BACKGROUND for Discussion of Affordable The following is provided as support information for the Agency Board's discussion of Affordable Housing Policy during the April 3, 2002 Board Meeting. State Redevelopment Law requires Redevelopment Agencies to set aside at least 20% of its annual tax increment revenue for projects to provide affordable housing to low income families. The Agency receives approximately $583,700 for this purpose annually including $503,500 in secured and unsecured tax increment revenue each year for the Housing Set Aside Fund. Investment earnings and rent income provide an additional $85,200. Approximately $300,000 of this fund is spent for Agency operating and services contract costs; $200,000 is budgeted for the rehabilitation program and the remainder for annual debt service. The Fund has a current balance of $1,798,185 as of February 20, 2002. The Agency has committed these funds for the following: Property Acquisition: New Construction: Relocation /Replacement Housing SUBTOTAL UNCOMMITTED $ 350,000 (Valenta Parcel) $ 180,000 (Betancourt) $1,250,000 (Moorpark Mobile Home Park) $.1,303,000 $ 495,185 Agency staff anticipates use of the remaining funds available for land acquisition of sites in the Downtown Specific Plan Area for the future development of higher density, affordable units. Honorable Agency Board of Directors April 3, 2002 Page 2 This includes additional property adjacent to the existing fire station and other parcels in the immediate vicinity. Attached to this Memorandum are the current Household Income Limits for Ventura County from the U.S. Department of Housing and Urban Development and the following excerpts of the affordable housing provisions for the following approved documents: 1. West Pointe Homes - Development Agreement 2. Archstone- Development Agreement 3. Pacific Communities- Development Agreement 4. Cabrillo- Disposition and Development Agreement 5. Shea Homes(formerly Far West)- Conditions of map approval 6. Asadurian- Conditions of map approval Honorable Agency Board of Directors April 3, 2002 Page 2 Attached to this Report are the current Household Income Limits for Ventura County from the U.S. Department of Housing and Urban Development and the following excerpts of the affordable housing provisions for the following approved documents: 1. West Pointe Homes - Development Agreement 2. Archstone- Development Agreement 3. Pacific Communities- Development Agreement 4. Cabrillo- Disposition and Development Agreement 5. Shea Homes(formerly Far West)- Conditions of map approval 6. Asadurian- Conditions of map approval United States Department of Housing and Urban Development Household Income Limits For Ventura County Effective April 6, 2001 County of Ventura Median Income: $71.800 NUMBER OF PERSONS IN HOUSEHOLD PERCENT STANDARD OF 1 2 3 4 5 6 7 8 MEDIAN Extremely Low Income 30% $15,100 $17,250 $19,400 $21,550 $23,250 $25,000 $26,700 $28,450 Income 50% $25,150 $28,700 $32,300 $35,900 $38,750 $41,650 $44,500 $47,400 Low Income 80% Adjusted $36,750 $42,000 $47,250 $52,500 $56,700 $60,900 $65,100 $69,300 Median Income 100% Estimated $50,250 $57,450 $64,600 $71,800 $77,550 $83,300 $89,050 $94,800 Moderate Income 120% Estimated $60,300 $68,950 $77,550 $86 150 $93,050 $99,950 $106,850 $113,750 West Pointe Development Agreement to occupancy of the 165th residential unit Tract No. 5187. The Implementation Plan shall include a payment amount by the Develor to provide for the perpetual maintenanc` "of the trail staging area. Said payment s be made prior to occupancy of the 165th residential unit for Tract 5187. The Implementaation Plan shall also include provi-sions for, -'the Developer to l construct a temporaryM,tra " staging area within the "A" Street right -of y south and west of the future intersection of, "'A "'Street and "E" Street of Tract 5187. }f (d) No extraction,of subsurface mineral, resources, excavation,, - rilling, pumping, mining, or similar activity shall be allowed in any portion-.of the Property zoned Open Space. The limitations exc „fusions described in this subsection shall b included in the conservation easements. 6.11. Developer shall provide five (5) four (4) bedroom and two bath single family detached units with a minimum of 1,200 square feet and a maximum of 1,500 square feet to be sold to buyers who meet the criteria for low income (80 percent or less of median income); five (5) four (4) bedroom and two bath single family detached units with a minimum of 1,200 square feet and a maximum of 1,500 square feet to be sold to buyers who meet the criteria for very low income (50 percent or less of median income) and ten (10) four (4) bedroom and two (2) bath single family detached units with a minimum of 1,200 square feet and maximum of 1,500 square feet to be sold to buyers who meet the criteria for moderate income (110 percent or less of median income). Prior to approval of the first final map for Tentative Tract Map No. 5187, Developer shall acquire at it's sole cost and expense, an approximate two -acre parcel (Affordable Housing Parcel) within the Moorpark Redevelopment Agency project area on which to construct the 20 referenced units. All units shall include a standard size two -car garage with roll -up garage door and a minimum driveway length of eighteen (18) feet measured from the back of sidewalk, meet minimum setback requirements of the City RPD zone, include concrete roof tiles, and other amenities typically found in moderate priced housing in the City (e.g., air conditioning /central heating, washer /dryer hookups, garbage disposal, built -in dishwasher). West Pointe Dev Agr 2001 44 -15 - Developer must have received city approval of a land use designation, zoning, tentative tract map, residential planned development permit and any other required permits and approvals to allow construction of the referenced twenty (20) dwelling units on the Affordable Housing Parcel prior to approval of the first residential occupancy for Tract Map No. 5187. Developer shall be responsible for the following at its sole cost and expense: (a) Processing of City required entitlements including but not limited to Tentative Tract and Final Map and Residential Planned Development Permit (RPD). (b) Processing of General Plan Amendment, Zone Change, and environmental document (up to a Mitigated Negative Declaration but not an Environmental Impact Report) . (c) Payment of all required City fees for processing of applications for (a) and (b), above, consistent with City's Fee Schedule in effect at the time an application is filed with the City. (d) Pay all City capital improvement and mitigation fees including but not limited to those fees required in subsections 6.3, 6.4, 6.5, 6.7, 6.12, 6.16 and 6.17 of this Agreement. (e) Grade the site per approved map, install all utilities, and construct all public and private improvements consistent with City standards typical for such subdivision. The first ten units (5 moderate, 2 low, 3 very low) shall be constructed and ready for occupancy prior to the 100th occupancy in Tract 5187, and the next 10 units (5 moderate, 3 low, 2 very low) shall be constructed and ready for occupancy prior to the occupancy of the 150th unit in Tract 5187. If for any reason less than twenty (20) dwelling units are approved for the Affordable Housing Parcel by the City, Developer shall pay Seventy Thousand Dollars ($70,000.00) to City for each unit less than the required twenty (20) units. The total amount shall be due and payable prior to occupancy of the 50th unit in West Pointe Dev Agr 2001 44 —16— Tract 5187. This amount shall be adjusted on March 1, 2005, by any increase in the Consumer Price Index (CPI) and annually thereafter on each March 1. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month of December over the prior month of December. In the event there is a decrease in the CPI for any annual indexing, the amount due shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. In the event less than twenty (20) units are approved on the Affordable Housing Parcel, the first such unit deducted from the required number of units shall be a moderate income unit, the second such unit a low income unit, the third unit a very low income unit and so forth in the same order. In the event Developer does not receive City approval for at least 16 dwelling units on an Affordable Housing Parcel prior to March 1, 2005, City at it's sole discretion can require payment in the amount of Two Million Six Hundred Twenty Five Thousand Dollars $2,625,000.00 payable prior to approval of the first final map for Tract Map No. 5187. Effective March 1, 2006, this amount shall increase by one -half of one percent (.5 96) each month until paid. At City's sole discretion, two of the lots intended for either low or very low income buyers on the Affordable Housing Parcel may be retained by the City for purposes of constructing the dwelling units in conjunction with a non - profit group. The initial purchase price for the low - income buyers shall not exceed affordable housing cost, as defined in Sec. 50052.5(b) (2) of California Health and Safety Code. For a family of 4, the monthly "affordable housing cost" would be 30% times 700 of $71,800, the current median income for a family of 4 in Ventura County, divided by 12. This monthly amount includes the components identified in Section 6920 of Title 25 of the California Code of Regulations shown below. (See Section 50052.5(c) of the Health and Safety West Pointe Dev Agr 2001 44 —17 — Code.) The selling price for a household of 4 or fewer, would be $137,500 under current market conditions, based upon the following assumptions: Low Income Buyer Household of Four Item Detail Amount Purchase Price $137,500 Down Payment 50 of purchase price $6,875 Loan Amount 95% of purchase price $130,625 Interest Rate 7.5% Property Tax 1.25% $143 /mo. HOA $50 /mo. Fire Insurance $40 /mo. Maintenance $30 /mo. Utilities $100 /mo. The initial purchase price for a low- income household of five or more would be based on the affordable housing cost for the actual household size. Under current market conditions, that price would be $150,000 for a household of five, $164,000 for a household of six, and $177,500 for a household of seven. The initial purchase price for the very low- income buyers shall not exceed $90,000, based on the following assumptions: Very Low Income Buyer Household of Four Item Detail Amount Purchase Price $90,000 Down Payment 5% of purchase price $4,500 Loan Amount 95% of purchase price $85,500 Interest Rate 7.5% Property Tax 1.25% $94 /mo. HOA $50 /mo. Fire Insurance $40 /mo. Maintenance $30 /mo. Utilities $100 /mo. West Pointe Dev Agr 2001 44 _18— That initial purchase price for a very low - income household of five or more would be based on the affordable housing cost for the actual household size. Under current market conditions, that price would be $99,500 for a household of five, $109,000 for a household of six, and $118,500 for a household of seven. The assumptions associated with the above purchase price figures include a-minimum of 5% down payment, based on buyer's purchase price, mortgage interest rate of 7.50, no mortgage insurance, property tax rate of 1.25 %, homeowners' association dues of $50 per month, fire insurance of $40 per month, maintenance costs of $40 per month, and utilities of $100 per month. The initial purchase price for a moderate income household of four shall not exceed Two Hundred Forty Thousand Dollars ($240,000.00). The initial purchase price for all three categories of buyers shall be adjusted based on then current interest rates, then applicable income calculations and other pertinent factors as contained in the Affordable Housing Implementation and Resale Restriction Plan. If "affordable housing cost ", as defined in Section 50052.5 of California Health and Safety Code, should change in the future, the above guidelines will be modified. The Affordable Housing Implementation and Resale Restriction Plan shall address this potential change. The difference between the initial purchase price and market value shall be retained by the City as a second deed of trust and will be further defined in the Affordable Housing Implementation and Resale Restriction Plan. City shall control the resale of any of the units. Developer shall pay closing costs for each unit, not to exceed $5,000. Beginning March 1, 2005, and on March 1St for each of fifteen subsequent years, the maximum $5,000 to be paid for closing costs shall be increased annually by any percentage increase in the Consumer Price Index (CPI) for All Urban Consumers for Los Angeles /Orange /Riverside metropolitan area during West Pointe Dev Agr 2001 44 _19- the prior year. The calculation shall be made using the month of December over the prior month of December. In the event there is a decrease in the CPI for any annual indexing, the amount due shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. In addition, in lieu of constructing ten (10) low income and five (5) very low income affordable housing units, for each of the two hundred fifty dwelling units in the project, developer shall pay to City an In Lieu Fee which shall be used by the City at its sole discretion for the purpose of providing housing affordable to very low, low or moderate income households. The In Lieu Fee in the amount of Three Thousand Four Hundred Dollars ($3,400.00) shall be paid prior to issuance of the building permit for each dwelling unit in the Project. Commencing on March 1, 2005 and annually thereafter, the In Lieu Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all In Lieu Fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month of December over the prior month of December. In the event there is a decrease in the CPI for any annual indexing, the In Lieu Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. The initial purchase price, market value, buyer eligibility, resale restrictions, equity share and second trust deed provisions, respective role of City and Developer, and any other items determined necessary by the City shall be set forth in the Affordable Housing Implementation and Resale Restriction Plan, which shall be approved by the City Council in its sole and unfettered discretion prior to recordation of the first final Tract Map for this Project. The Developer and City shall, prior to the occupancy of the first residential unit for the Project, execute an Affordable Housing Agreement that incorporates the Plan in total and is consistent with this Agreement. Developer shall pay the City's direct West Pointe Dev Agr 2001 #4 —2 0 _ costs for preparation and review of the Affordable Housing Implementation and Resale Restriction Plan and the Affordable Housing Agreement up to a maximum of Seven Thousand, Five Hundred Dollars ($7,500.00). 6.12. developer agrees that the Mitigation Measures included in, the City Council certified Final Environmental Impact Report (EIR) and Mitigation Monitoring and Rep0`1rting Program (MMRP), or subsequent environmental clearance document approved by the Council, set %'forth the mitigation requirements for air quality iyYpacts. Developer agrees to pay to City an air ',/quality mitigatic3n fee, as described herein (Air Qua,l:"ity Fee) , in satisfaction of the Transportation Demanc/Management Fund mitiga't,ion requirement in the Final E.fivironmental Impact Report (EIR) for the Property. Tyke Air Quality Fee may be exp *nded by City in its sole .'discretion for reduction of regional air pollution emissions and to mitigate residual Project air quality impacts. At the time the V,ee is due, Cit,� may at its sole discretion require 'Developer to / urchase equipment, vehicles, or other`,,items, co/ntract and pay for services, or make im�xovemenoi for which Developer shall receive equivalent cred�;� against Air Quality Fee payments or refund of previgfis payments. The Air Quality Fee shall,ba.One Thousand Four Hundred Forty -Four Dollars ($1,4�k-4.0b,) per residential unit to be paid prior to the i4suance \of each building permit for the first residential 'init in Tract 5187. Commencing on March,;rf, 2005, and annually thereafter the Air Quality Fee/`shall be adjusted by any increase in the Consumer Price Index (CPI) "until all fees have been paid. The tPI increase shal l`" be determined by using the inforVation provided by th('�,,;U.S. Department of Labor, Bureau of Labor Statistics,,, for all urban consumers wi,�hin the Los Angeles /Anaheim /Riverside metropolitan' area during the prior ;year. The calculation shall be made using the month`4 =;of December over the prior month of December. In the event there is a decrease in the CPI for any annual indexin4., the fee shall remain at its then current amount until such time as the' next subsequent annual indexing which results in an increase. For institutional uses, the Air Quality Fee shall ",,be `alculated by the Community Development Departmennt West Pointe Dev Agr 2001 44 -2 1 - Archotorne Development Agreement in s' dexing, the Citywide Traffic Fee shall remain at it th current amount until such time as the next subquent annual indexing which results in` an increa e. 6.7. On the op ative date of this Agreement Deveioper shall pay all ou standing City processing and = environmental processing cats related to the project-and preparation of this Agree mnt. 6.8. Developer hereby ° aives any right it may have under California Govern _ Code Section 65915 et. Seq., or any successor there 6?, or, "any provision of federal, State, or City laws or\`.,,E'gulations for application or use of any density borus',hat would increase the number of residential uni,.t's api�oved for this project to exceed a total o f-- '`Ihree Hunt red Twelve ( 312 ) dwelling units. 6.9. Developer agrees to cast affirmative ballots for the formaticgn'of an assessment distri with the power to levy .,dssessments for the main ance of parkway landscaping, street lighting, and if',requested by the Cray Council, parks conferring special`,�enefits, upon properties within the Project. 6.10 Developer, in consideration for a density bonus obtained through the Project Approvals that i4\,greater than would otherwise be available, agrees to guarantee the affordability of sixty -two (62) rental units for the life of the Project. These sixty -two ,(62) affordable units shall be rented to eligible tenants as follows in A., B., and C.: A. Thirty -Seven (37) units for Lower Income households (80% or less of Ventura County median income) to be rented for no more than 30% of 80% of the Ventura County median income adjusted for household size appropriate to the unit and no more, less a utility allowance. The utility allowance shall be adjusted annually, commencing in the year 2000, based on the change in the Consumer Price Index (CPI). The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Riverside /Orange Co. metropolitan area during the prior year. The calculation shall be made using the month which is four (4) months prior to the month in which the Development Agreement is approved by the City Council (e.g., if approval occurs in June, 10 ARCHSTONE DA.4 then the month of February is used to calculate the increase). If there is a decrease in the CPI, the utility allowance shall remain at the same amount until the next annual change in CPI results in an increase. Type of Unit one bedroom, one bath Number of Household Size Utility Units Adjustment Allowance 0 two bedroom, one bath units 12 two bedroom, two bath units 12 three bedroom, two bath units 5 2 persons $42 3 persons $50 3 persons $50 4 persons $63 The above Adjustment for Household Size is intended to provide a single rental rate applicable to eligible tenants for each type of unit and, therefore, is applied regardless of actual household size. The Developer may not charge additional rent based on a larger actual household size. (For example, the maximum monthly rent for a low income household of six renting a three bedroom, two bath unit would be calculated as follows: the Ventura County median income for a household of four x .80 x .30 divided by 12 less the utility allowance, $65,300 x .80 x .30 divided by 12 less $63.00 equals $1,243.001. Rather than calculating household income by using 80% of median income, the household income amount for lower income households shall be the amount published by the United States Department of Housing and Urban Development Household Income Limits for Ventura County (HUD Income Limits) or such successor information in the event the referenced published information is no longer available, but in no event less than seventy -three percent (73 %) nor more than eighty percent (80 %) of median income. If the HUD Income Limits household income amount is less than 73% of median income, it shall be set at 73% of median income, and if it is more than 80% of median income, it shall be set at 80% of median income. 11 ARCHSTQNE DA.4 B, Nineteen (19) units for Very Low Income households (50% or less of Ventura County median income) to be rented for no more than 30% of 50% of the Ventura County median income adjusted for household size appropriate to the unit and no more, less a utility allowance. The utility allowance shall be adjusted annually, commencing in the year 2000, based on the change in the Consumer Price Index (CPI) . The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Riverside /Orange Co. metropolitan area during the prior year. The calculation shall be made using the month which is four (4) months prior to the month in which the Development Agreement is approved by the City Council (e.g., if approval occurs in June, then the month of February is used to calculate the increase) . If there is a decrease in the CPI, the utility allowance shall remain at the same amount until the next annual change in CPI results in an increase. Type of Unit Number of Household Size Utility Units Adjustment Allowance two bedroom, one bath 6 3 persons $50 two bedroom, two bath units 9 3 persons $50 three bedroom, two bath units 4 4 persons $63 The above Adjustment for Household Size is intended to provide a single rental rate applicable to eligible tenants for each type of unit and, therefore, is applied regardless of actual household size. The Developer may not charge additional rent based on a larger actual household size. (For example, the maximum rent for a very low income single person renting a two bedroom, one bath unit would be calculated as follows: the Ventura County median income for a household of three x .50 x .30 divided by 12 less the utility allowance, $58,800 x .50 x .30 divided by 12 less $50.00 equals $685.001 12 ARCHSTONE DA.4 C. Six (6) units for Very Very Low Income households (33% or less of Ventura County median income) to be rented for no more than 30% of 33% of the Ventura County median income adjusted for household size appropriate to the unit and no more, less a utility allowance. The utility allowance shall be adjusted annually, commencing in the year 2000, based on the change in the Consumer Price Index (CPI) . The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Riverside /Orange Co. metropolitan area during the prior year. The calculation shall be made using the month which is four (4) months prior to the month in which the Development Agreement is approved by the City Council (e.g., if approval occurs in June, then the month of February is used to calculate the increase) . If there is a decrease in the CPI, the utility allowance shall remain at the same amount until the next annual change in CPI results in an increase. Type of Unit Number of Household Size Utility Units Adjustment Allowance two bedroom, one bath units 4 3 persons $50 two bedroom, two bath units 1 3 persons $50 three bedroom, two bath units 1 4 persons $63 The above Adjustment for Household Size is intended to provide a single rental rate applicable to eligible tenants for each type of unit and, therefore, is applied regardless of actual household size. The Developer may not charge additional rent based on a larger actual household size. (For example, the maximum monthly rent for a very very low income household of four renting a two bedroom, two bath unit would be calculated as follows: the Ventura County median income for a household of three x .33 x. .30 divided by 12 less the utility allowance, $58,800 x .33 x .30 divided by 12 less $50.00 equals $435.001. 13 ARCHSTONE DA.4 The method of selecting eligible tenants, tenant eligibility requirements, the respective roles of the City and the Developer and any other items determined necessary by the City shall be set forth in an Affordable Housing Implementation and Rental Restriction Plan (the "Plan "). The Plan shall restrict the rents of the sixty -two (62) affordable units to the above not -to- exceed amounts and shall be consistent with this Agreement and approved by the City Council in its sole and unfettered discretion prior to the final inspection and occupancy approval for the first residential unit in the Project. The Developer and City shall, prior to the occupancy of the first residential unit for the Project, execute an Affordable Housing Agreement that incorporates the Plan in total and is consistent with this Agreement. Chapter 17.64 of the Moorpark Municipal Code shall not apply to this Project. Developer shall pay the City's direct costs for preparation and review of the Plan and the Affordable Housing Agreement, up to a maximum of five thousand dollars ($5,000). In addition, the Developer shall not convert the Project to for -sale condominiums community apartments, planned development, stock cooperative, or other common interest development without an amendment to the Plan authorizing such conversion which amendment will require the Developer to provide affordable ownership units as determined by the City under the terms of the amendment but in no event less than sixty -two (62) units in the same numbers by income level as provided in A., B., and C., above. 6.11. Lzi addition to fees specifically mentioned in this - AgrL-ement, Developer agrees to pay all City capital improveirtent, development, and processing fees= at the rate and amount in effect at the time_ the fee is required to be paid. Developer further agrees that unless specifically exempted by this Agreement, it is subject to all fees imposed by City at the operative date of this Agreement and such future fees imposed as determined by City in its sole discretion so long as said fee is imposed on similarly situated properties. Developer further agrees to not protest these fees as may be authorized by Section 66000, et. Seq. of the Cali or" "nia Government Code or any other applicable to or federal law. 14 ARCHSTONE OAA Facific Commurnitite5 Development Agreement discretion. On the effective date of this Agreement, &e amount of the Citywide Traffic Fee shall be $3,000 pe',t� dwelling unit. Commencing January 1, 2000, and ann° Tally thereafter, the Citywide Traffic Fee shall be increased to reflect the change in the State Highway Bid Pil4ce Index for the twelve (12) month perigd that is repted in the latest issue of the Engineering News Record `that is available on December 31 of the preceding\,year ( "annual indexing ") . In the event there is a decre` se in the referenced Index for /,'a'ny annual indexing, to Citywide Traffic Fee shall remain at its then current\ amount until such time as the next subsequent annual indexing which results in an increase. Any'NCitywide Traffic Fee still due at the time the City, C ltrans, private developer with City's approval, or any ther public or private entity awards a contract to con ruct an undergzound rail crossing west of Gabbert R d, shall be paid at the then applicable rate, wi�hin ninety,,] (90) days of said contract award. 6.7. On the operative date of "this Agreement Developer shall pay all outstanding City recessing and environmental processing costs related to'fhe project and preparation of this Agreement. J 4 6.8. Developer hereby waives- "any might it may have under California Government Code Section 65915 et. Seq., or any successor thereto, or any provision of federal, State, or City laws:or regulations , for application or use of any density bonus that would \increase the number of dwelling units ,'approved for this"rproject. 6.9. Developer agrees to cast affirmative 4ballots for the formation of an assessment district and levying of assessments,// the maintenance \,of parkway landscaping,//street lighting, and if requested by the City Council, parks for the provision 'of special benefits conferred by same, upon properties within the Project.,// Developer further agrees to obl ", ate the property" owners association to provide for maitenance of parkway landscaping and street lighting in the,,event the aforementioned assessment district is dissolved or altered in any way or assessments are reduced,, or ligrited in any way by a ballot election of property owners, or if the assessment district is invalidated by court action. 6.10. Developer shall provide eleven (11)three (3) bedroom units at approximately 1,027 square feet and eleven (11) four (4) bedroom units at approximately 1,131 square feet to be sold to buyers who meet the criteria )MDA.2.6 _ 10 for low income (80% of median income) . The initial sales price, buyer eligibility, resale restrictions, respective role of City and Developer, and any other item determined necessary by the City shall be set forth in the Affordable Housing Implementation and Resale Restriction Plan, which shall be approved by the City Council in its sole and unfettered discretion prior to recordation of the first final Tract Map for this project. In addition, in lieu of constructing the fifteen (15) Very Low Income Affordable Housing Units, Developer shall pay a fee of Sixty Thousand Dollars ($60,000) each, or a total of Nine Hundred Thousand Dollars ($900,000) to the City (In -Lieu Fee) which shall be used by the City at its sole discretion for the purpose of providing housing affordable to very - low, low, or moderate income households. A pro -rata portion of the In -Lieu Fee in the amount of Three Thousand Six Hundred Forty Three Dollars and Seventy Three cents ($3,643.77) shall be paid prior to issuance of the building permit for each dwelling unit in the Project. 6.11. 1�i addition to fees specifically mentioned in this Agreement, Developer agrees to pay all City capital improvement, development, and processing fees at,-'`the rate and amount in effect at the time the flee is required_ to be paid. Developer further agrees that unless specifically exempted by this Agreem/eht, it is subject to all fees imposed by City at the operative date of this Agreement and such future fgds imposed as determined by City in its sole discret -ion so long as said fee is imposed on similarly situated properties. qe Developer further agrees to not pr6st these fees as may be authorized by, Section 66Q6O, et. Seq. of the California Government Code or,. -`any other applicable state or federal law. f' 6.12 Within thirty (30) days o�'.fthe Effective Date of this Agreement, Developer shall deposit One Hundred Thousand Dollars ($100,000.00) ;(Deposit), with the City for the purpose of managing and coordinating (Project Management) the widening of Los Angeles Avenue (SR 118) to three (3) travel lanes in each 'direction between Moorpark Avenue and Spring Road (Widening Project). City shall at its sole and unfettered discretion retain one or more private consultants to provide Project Management Project Management shall include but not be limited to coordination with City, Caltrans, and other '� public agencies and private ut ities, pre��r°aration of Caltrans Project Study Report (PSR °� and P dject Report (PR) , preparation of conceptual des,49n _11..'aciternatives and acquisition of any necessary right's,\ OMDA.2.6 - 11 - 51' -1 - Morrioom Development Agreement 6.13. Diev per_ agrees to grant the City a conservA_t- easement in a- -f`CYrm9- acceptable to the _.Ci -t °y consistent with Civil Code Section__,$15 f---fox—Planning Areas 12 and 13 t..p__Ynsure this area remains a�s pub�o ° -ogen spa-ce 6.14. Developer shall provide twelve (12) three (3) bedroom and two (2) bath units at no less than 1050 square feet in size, and thirteen (13) four (4) bedroom and two (2) bath units at no less than 1425 square feet in size to be sold to buyers who meet the criteria for low income (80% of median income). The initial sales price, buyer eligibility', resale restrictions, respective role of City and Developer, and any other item determined necessary by the City shall be set forth in the Affordable Housing Implementation and Resale Restriction Plan, which shall be approved by the City Council in its sole and unfettered discretion prior to recordation of the first final Tract Map for this project. The Developer and City shall, prior to the occupancy of the first residential unit for the Project, execute an Affordable Housing Agreement that incorporates the Plan in total and is consistent with this Agreement. Developer shall pay the city's direct costs for preparation and review of the Plan and the Affordable Housing Agreement, up to a maximum of Five Thousand Dollars ($5,000). In addition, in lieu of constructing any Very Low Income Affordable Housing Units on site, for each of the five hundred and seventy (570) dwelling units, Developer shall pay to the City an In -Lieu Fee which shall be used by the City at its sole discretion for the purpose of providing housing affordable to very -low, low, or moderate income households. The In -Lieu Fee in the amount of Three Thousand Five Hundred and Eighty Dollars ($3,580.00) shall be paid prior to issuance of the building permit for each dwelling unit in the Project. Commencing on October 1, 2002, and annually thereafter, the In -Lieu Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all In -Lieu Fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month of June over the prior month of June. In the event there is a decrease in the CPI for any annual indexing, the In -Lieu Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. !cc a:�, Highlands Dev Ag: -15- Cabrillo Diopooition & Development Agreement (3) A copy of all Agency and City documents (e.g., trust deeds, indentures, etc, necessary to be recorded concurrently with the Grant Deed to assure closing and 'complete funding for the development and construction -of the improvements on the Site and payment to Agency for land; and, (4) A copy of all construction loan documents necessary to be recorded to assure full funding for the development and construction of improvements on the Site; and (5) A financial statement in a form satisfactorylo the Agency, showing sources of capital sufficient to demonstrate that the Developer has adequate funds legally committed to cover the difference, if any, between construction cost minus financing authorized by_Ioans. The terms of this Agreement may be modified as may be reasonabry necessary to accommodate a lender, so long as such modifications do not decrease the number of units to be developed, the number and term of the affordable units, payments due to the Agency or City, and the improvements to be made thereon, nor adversely impact the substantive rights of the Agency, as determined solely by the Agency. The Agency shall; Approve or disapprove such evidence of financing within the time established in a Schedule of Performance. Such approval shall not be unreasonably withheld. F n ure of the Agency to approve or disapprove any such evidence of f4ncing within s time shall be deemed an approval. If the Agency shall disapprove any`'sch evi5prlbie of financing, the Agency shall do so by written notice to the Developer stating ti-he,", re sons for such disapproval. SECTION 4. DEVELOPMENT OF SITE 04.01 SCOPE OF DEVELOPMENT The Site shall be developed for fifty -nine (59) single family detached residential housing units, of which eleven (11) units shall remain affordable for households of low income and four (4) units shall remain affordable for households of very-low income until the year 2032 with accompanying public or private streets, if required, in accordance with and within the limitations established in the "Scope of Development' incorporated herein and attached to this Agreement as Attachment No. 7, in accordance with plans approved by Agency and subject to approvals by City, and in accordance with the Schedule of Performance (Attachment No. 4). The lots to be developed as affordable units shall be designated on the Tract Map and the schedule for construction of the affordable units shall be as contained in this Agreement. Gisler Field DDA Page 13 of 37 With specific reference to the development of the affordable housing units, Developer shall be required to adhere to the following schedule- (1) In Phase 1, consisting or no more than twenty (20) units, four (4) units for sale to low income households and one (1) unit for sale to very low income households shall be constructed. (2) In Phase 2, consisting or no more than twenty (20) units, four (4) units for sale to low income households and one (1) unit for sale to very low income households shall be constructed. (3) In Phase 3, consisting or no more than twenty (20) units, three (3) units for sale to low income households and two (2) units for sale to very low income households shall be constructed. i • l ►� The Developer shall prepare and submit Basic Concept and Schematic Drawings and relate -o documents for the development of the Site to the Agency for review and w +tten approval ithin the time established in the Schedule of Performance. Basic Co pt and Schematic'0:eawings shall include schematic plans, elevations and set' ns of the improvements bs they are to be developed and constructed on the Site, -and shall be in substantial conformance with the Developer's proposal submitted to ency on June 17, 1997. The Site shall be'developed as established in the Basic Concept and Schematic Drawings and related documents except as changes may be mptttlally agreed upon between the Developer and Agency. Any such changes shall be within the limitations of the Scope of Development. Specifically, the Developer shall be responsbl4Afor the construction of necessary storm drainage improvements as identified by the C-it"!Engineer, and a forty foot (40') public street within a fifty -three foot (53) right of way extending from Poindexter Avenue to approximately the southerly entrance to Poindextef Park in accordance with City street standards and requirements, and as stated in thdORequest of Proposal dated April 1997, and which shall be recorded as a conditiorn the Final Tract Map. Agency''br.eCity shall reimburse the Developer one -half ofAbe cost of construction only of said improvements, except as provided for in Seetipn 03.05(3) herein. Developer shall be solely respbn. ible for all costs associated with thd'acquisition, surveying, map preparation, recordation and,aJl other costs associated withthe need to acquire any property in addition to that transferred y Agency pursuant to this Agreement, in order for the full construction of the improvements,stated herein, and in accordance with the Schedule of Performance (Attachment No.4) and Scope of Development (Attachment No. 7). Gisler Field DDA Page 14 of 37 Shea Homes (Formerly Far West) Conditions of Approval Resolution No. 99 -1666 Page 13 J- m;nediately upon presentation of Agency's agreement tg purchase . 38. Prior to approval of the Final Subdivisrr Map the applicant shall 'complete the acquisition,- -- f all property included in the purchase agreement w� of the Redevelopment Agency and convey all access easnts on or across said to be °r property purchased, to �_ City of Moorpark in a form and width as determined _b the City to provide access to its property adjacent.Co the Arroyo Simi. 39. Far West Home; LLC (Developer) shall, in order to _ meet the requirems of California Health and Safety Code 334.10 et seq�� �as a condition of Tentative Tract Map No. 5133, agr`� .as' follows : (1) Low Income Housi (A) Developer shall provide seven (7) three (3) bedroom units of not less than 1,160 square feet in size, to be sold to buyers who meet the criteria for low income households established by the United States Department of Housing and Urban Development for the County of Ventura (800 of Median income). Four (4) of said units shall be provided within the development project and scheduled as follows: (a) The first unit the construction of (b) The second unit the construction of (c) The third unit the construction of (d) The fourth unit construction of the shall be constructed no later than the twenty -fifth (25th) unit. shall be constructed no later than the fiftieth (50th) unit. shall be constructed no later than the seventy -fifth (75th) unit. shall be constructed prior to the last unit. (B) Three (3) of the required units may be provided outside the development project through such means or methods as purchase buy- downs, or other means approved by the City. The Developer shall be responsible for all costs related to providing the affordable units and shall be responsible for providing the City with verification that the units provided outside the development project are units previously not affordable to low income households. The Developer shall also be responsible for providing the affordable units as follows: Resolution No. 99 -1666 Page 14 (a) If the affordable units are located within the Moorpark Redevelopment Project Area the units shall be provided on a one - for -one basis. (b) If any of the affordable units are located outside of the Moorpark Redevelopment Project Area, the units shall be provided on two units for each required unit basis. The initial sales price, location of the units, buyer eligibility, resale restrictions, respective role of the City and the Developer, and any other item determined necessary by the City shall be set forth in the Affordable Housing Implementation and Resale Restriction Plan, which shall be approved by the City Council prior to recordation of the first final Tract Map for this project. The Developer and City shall, prior to the occupancy of the first residential unit for the Project, execute an Affordable Housing Agreement that incorporates the Plan in total and is consistent with this Agreement. (2) Very Low Income Housing In lieu of constructing the five (5) Very Low income affordable housing units required, Developer shall pay a fee of Sixty Thousand Dollars ($60,000) for each of the five units, or a total of Three Hundred Thousand Dollars ($300,000) to the City (In -Lieu Fee) which shall be used by the City for the purpose of providing housing affordable to Very -Low income households. A pro -rata portion of the In- Lieu Fee in the amount of Three Thousand Seven Hundred Ninety Seven Dollars and Forty Seven Cents ($3,797.47) per unit shall be paid prior to issuance of the building permit for each dwelling unit in the development project (This is based on 79 units). Commencing October 1, 2001, and annually thereafter, the In -Lieu Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all In -Lieu Fees have been paid. The CPI increase shall be determined by the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area for the preceding twelve month period covering June to June. In the event there is a decrease in the CPI for any annual indexing, the In -Lieu Fee shall remain at its then current Resolution No. 99 -1666 Page 15 amount until such time as the next subsequent indexing which results in an increase. 3) Preparation Fee Developer shall pay to City the amount of Five Thousand Dollars ($5,000.00) for the City's cost to prepare the affordable housing plan and agreement required pursuant to this Condition. TY ENGINEER CONDITIONS: PRIOR, TO THE ISSUANCE OF A GRADING PERMIT, THE FOLLOWI] CONDITIONS SHALL BE SATISFIED: General: 40. The Developer shall demonstrate legal access to ;ehe parcel to the satisfaction of the City Engineer. 41. The Developer shall provide an access easelment in a form and width as required to provide legal; -� access from the southwest segment bf Majestic Court southerly along Private Street "A" to properly owned by the .C'ity located adjacent and north of the Arrov >,.Simi. Grading: 42. The Developer shall submit lbQ the City of Moorpark for review and approval, a rod .gh grading plan, consistent with the approved Tentative Tact Map;�Prepared by a Registered Civil Engineer, shall Miter into an"'% greement with the City of Moorpark to complEte public improments and shall post sufficient surety:- -guaranteeing the construction of all improvements. �• `\1 43. Concurrent with submittal of the rough gr`cding plan an erosion co �rol plan shall be submitted to t-e City for review and' approval by the City Engineer. The de's_ign shall include measures for hydroseeding on all graded areas within/f30 days of completion of grading unless otherwise appx -coved by the City Engineer. Reclaimed water shall., be ua d for dust control during grading, if available from Waterworks District No. 1 at the time of grading permit approval. Resolution No. 99 -1681 Page No. 11 Aoadurian Conditions of Approval 6) Exotic plants which are known to spread beyond their original plantings and .invade native habitats such as Pampas Grass,.. - -- -Spanish Broom, and Tamarisk - .shall not be used. Outstanding Case Processing'Fees 15. The applicant shall,, -pay all outstanding case processing (Planning and Engineering), and all- °C -ity legal service fees prior to ..approval of the Final Map The applicant, permi�tj. e-6 or successors in interest, shall `al -sQ submit to tYie°'''Department of Community Development a fee "'ta -" -cover ,----costs incurred by the City for Condition Compliance re�tieW of the Tentative Map. Affordable Units and Affordable Housing Agreement 16. Low Income Housing: a. The developer shall on this project site provide one (1) three bedroom unit of not less than 1,350 square feet in size, to be sold to buyers who meet the criteria for Low Income households established by the United States Department of Housing and Urban Development for the county of Ventura (80% of Median Income) . b. The initial sales price, buyer eligibility, resale restrictions, respective role of the City and the developer, and any other item determined necessary by the City shall be set forth in written form through the Affordable Housing Implementation and Resale Restriction Plan, which shall be approved by the City Council prior to approval of the final Tract Map for this project. C. The developer and City shall, prior to the occupancy of the first residential unit for the project, execute an Affordable Housing Agreement that incorporates the Plan in total and is consistent with this Agreement. Preparation Fee The developer shall pay to City the amount of one thousand dollars ($1,000.00) for the City's cost to prepare the Affordable Housing Plan and Agreement required pursuant to this condition. TO: From: DATE: ITEM 5 • at CITY OF'MOORPARK, CALIFORNIA Redevelopment Agency Meeting ofLfli 2cA. aca _ ACTION: 0,n'9MgQ& S�ttl,4 ��.CO rn mPtn r9 p,�1ch . MOORPARK REDEVELOPMENT AGEN T. AGENDA REPORT Honorable Chair and Agency Board Members Hugh R. Riley, Assistant Executive Director March 25, 2002 (Meeting of 4/3/02) SUBJECT: Consider Agreement with the County of Ventura for the Exchange of Property for a Fire Station on High Street. BACKGROUND On May 17, 2000, the City Council provided a commitment to Ventura County and the Ventura County Fire Protection District that the city would acquire and exchange the necessary property for a fire station on High Street. On October 6, 2000 the Moorpark Redevelopment Agency acquired the property at the northwest corner of Magnolia Avenue and High Street. The property consists of three lots with a total area of 20,000. The Agency paid $220,000 for the two, 7,500 -sq. ft vacant lots that front on High Street. The 5,000 -sq. ft. rear lot containing a residence will be acquired in exchange for the construction of a replacement dwelling unit on property acquired by the Agency at 284 Charles Street for $11,000. The Agency has an executed agreement for the purchase of this lot. The estimated cost for the construction of the replacement dwelling and associated design costs and moving expenses and construction management is $195,000 making the total cost to acquire the necessary property for the exchange $426,000. The principal condition of the property exchange was that the site deeded to the City be a "clean site. " The County property consists of 22,500 and contains a two -story fire station with separate garage and dormitory buildings. Honorable Agency Board of Directors April 3, 2002 Page 2 In September 2001 the County of Ventura completed a Phase I Environmental Site Assessment of the Station 42 Site. Staff has examined the Report for this Site Assessment which concludes that there are no conditions at the site that are considered an environmental concern. The Ventura County Fire Protection District (District) has retained an architect and is proceeding to develop plans for the construction of the new station. The Redevelopment Agency is completing plans to relocate the residents of the dwelling located at the rear of the new Station site. The Agency Board is requested to approve an agreement with Ventura County for the exchange of the High Street Property for the existing Fire Station 42 property on Moorpark Avenue across from City Hall: The agreement provides for a timed exchange so that the Fire Department will continue to occupy the existing station while the new station is under construction. The Moorpark Avenue property would be deeded to the Agency after the District acquires title to the High Street property and the Department has occupied the new facility. STAFF RECOMMENDATION Authorize the Executive Director to sign the Agreement For Exchange of Real Property - Moorpark Fire Station No. 42 with the County of Ventura subject to final language approval of the Executive Director and Agency Counsel. Attachment: Property Exchange Agreement AGREEMENT FOR EXCHANGE OF REAL PROPERTY MOORPARK FIRE STATION NO. 42 This agreement is entered into by and among the Ventura County Fire Protection District, hereinafter referred to as DISTRICT, the County of Ventura, hereinafter referred to as COUNTY, and City of Moorpark Redevelopment Agency, hereinafter referred to as CITY. WHEREAS, COUNTY has nominal title to the property, but acknowledges that DISTRICT functions as the owner of the property, depicted on Exhibit A attached hereto (Property A); and WHEREAS, DISTRICT operates Fire Station No. 42 on Property A, and WHEREAS, DISTRICT desires to relocate and rebuild said station; and WHEREAS; CITY owns the property depicted on Exhibit B attached hereto (Property B); and WHEREAS, CITY has offered to exchange Property B for Property A, and WHEREAS, DISTRICT has determined that Property B is desirable for rebuilding its fire station; and WHEREAS, CITY understands that title to Property A will pass to City after DISTRICT has acquired title to Property B and DISTRICT has occupied the new fire station constructed on Property B; and WHEREAS, mutual benefit to both parties will result from this exchange. NOW, THEREFORE in consideration of terms and conditions contained herein, the parties agree as follows: CITY shall: A. Relocate its tenants from Property B in accordance with all state and federal relocation laws and policies and remove all structures. B. Convey Property B to District. C. Provide DISTRICT with a policy of title insurance, in the amount of $50,000.00, showing the property vested in the DISTRICT free and clear of all liens and encumbrances, except for those certain public easements acceptable to DISTRICT. D. Arrange for and provide DISTRICT with all zoning and planning clearances at no cost to DISTRICT. E. Allow DISTRICT to remain at its property until its station on city property is completed and occupied by DISTRICT. 1 of 3 COUNTY shall: F. Convey Property A to CITY, including all permanent structures, and City shall accept Property A, within two weeks of DISTRICT's occupancy of its new station constructed on Property B. G. Provide CITY with a policy of title insurance, in the amount of $50,000.00, showing Property B vested in the CITY free and clear of all liens and encumbrances, except for those certain public easements acceptable to CITY. H. Prepare, and record all necessary deeds to complete the exchange. The parties mutually agree as follows: I. This agreement constitutes the entire understanding between the parties superseding all negotiations, prior discussions, and preliminary agreements or understandings, written or oral. This agreement may not be amended except in writing by the parties hereto. J. Except as provided for herein, both parties have inspected the others property and are accepting the properties as is. K. That there will be no monetary consideration resulting from this exchange. L. All notices shall be given in writing, delivered in person, or mailed first class, to the parties at the following addresses. "CITY" Redevelopment Agency of the City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Attn: Hugh R. Riley, Assistant City Manager "COUNTY AND DISTRICT" Ventura County Fire Protection District 165 Durley Avenue, Location 5400 Camarillo CA 93010 Attn: Bob Roper, Fire Chief 2of3 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. VENTURA COUNTY FIRE PROTECTION DISTRICT Dated: Chair, Board of Directors ATTEST: RICHARD D. DEAN, County Clerk of the County of Ventura and ex officio Clerk of the Board of Supervisors. By: Deputy Clerk REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK Dated: ATTEST: Deborah S. Traffensteldt Agency Secretary Steven Kueny Executive Director 3of3:: i FOR TRAC L- 512--06 /6 9� 3\ y , EVERETT r D � d "y\ N 'O •�, � 12 b y I i o 0 0-62" f.W IDS' So' Soy So' � O 5) 60 LJLJ w ti w K M S 7 14 7 45 Yf `! 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FjIGH :)!L —VZY low STREET 6c7 I� V/ F ry Q O Z 0 Q Hwy 118 1 "= 100' 01 PF 5ORM5' w 410 512-0-090-06 I C) 14 C11Y OF MOORPARK 77�� " W AssessorQ Ventura County s MaP• ITEM MI TES OF THE REDEVELOPMENT AGENCY Caora October 17, 2001 A Special Meeting of the Redevelopment Agency of the City of Moorpark was held on October 17, 2001, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Hunter called the meeting to order at 6:10 p.m. 2. ROLL CALL: Present: Agency Members Harper, Mikos, Millhouse, Wozniak, and Chair Hunter. Staff Present: Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. 3. PUBLIC COMMENT: None. 4. CLOSED SESSION: Mr. Kueny announced that Item 4.C. would be discussed in Agency closed session. MOTION: Agency Member Harper moved and Agency Member Wozniak seconded a motion to adjourn to closed session for a discussion of Item 4.C. on the agenda. The motion carried by unanimous voice vote. C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark. (Case No. SCO28906) Present in closed session were all Agency Members; Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. c ^ran-'r v v v + Minutes of the Redevelopment Agency Moorpark, California Page 2 October 17, 2001 The Agency reconvened into open session at 6:22 p.m. Mr. Kueny announced that Item 4.C. was discussed in closed session and that there was no action to report. 5. ADJOURNMENT: Chair Hunter adjourned the meeting at 6:22 p.m. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt Agency Secretary