HomeMy WebLinkAboutAGENDA REPORT 1990 0207 CC REG ITEM 08M ITEM 8. 1A
RESOLUTION NC.
A RESOLUTION OF THE CIT.' COUNCIL OF THE CITY OF MOORPARK,
CALIFORNIA, APPROVAL OF DEVELOPMENT PLAN PERMIT NO. DP-348 MAJOR
MODIFICATION NO. 1 (As Mt DIETED) ON THE APPLICATION OF A TO Z
SELF-STORAGE.
Whereas, at a duly notice ;public hearing on January 17, 1990, the
City Council considered the applii:ation filed by A to Z Self-Storage
requesting approval to conduct a br-ker-referral service for rental trucks
and trailers; the sale of packaging 4naterials; the installation of copy/fax
machine for office use; and Sundry operation on the subject property
located north of Los Angeles Avenue approximately 210 feet east of Goldman
Avenue.
Whereas, the city Council after review and consideration of the
information contained inthe staff report dated January 17, 1990 and the
Mitigated Negative Declaration has found that the subject property with the
revised proposals (pg. 3, staff rep :rt of January 3, 1990) will not have a
significant effect on the environme t, Incl teas reached its decision in the
matter, and
Whereas, the Planning ! mmission held a public hearing on
December 4, 1989 and December 20, 989 adopted Resolution No. PC-89-206,
recommending that the City Council eny Development Permit No. DP-348 Major
Modification No. 1 based on tFe ,ndings contained in the staff report
dated December 4, 1989.
Whereas, at its meeting .f January 17, 1990, the city Council
opened the public hearing, took testimony from all those wishing to
testify, closed the public head g, and directed staff to prepare a
resolution for the City Council's r: -is 0,
NOW, THEREFORE, THE CI ' COUNta OF THE CITY OF MOORPARK,
CALIFORNIA, DOES RESOLVE AS FOLLOW',
Section 1. Pursuant D hF provisions of the California
Environmental Quality Act (Divisiot 13 of the Public Resources Code of the
State of California beginning at •CctLon 21000) the City Council of the
City of Moorpark hereby approves he Mitigated Negative Declaration and
it's related Mitigation Reporting 11 ff n . t ring Program.
Section 2. That the Ity corrcil of Moorpark hereby adopts
the findings listed as follows:
A. The proposed modifi - tions 4 .1s amended) would be consistent
with the purpose, !tent , guidelines, standards, policies,
and provision of thr City's General Plan.
B. The proposed modifi. .&ticns as amended) would be compatible
with land uses pert Up] w thin the General Plan Land Use
designations and the zoning the general area where the use
is to be located pro' d", d_n`rr landscaping be installed as
an additional buffer
C. The proposed mndjf :ac .n,s ' as amended) would not be
detrimental to 7.he h,al` x safety, peace, comfort and
welfare of the p - p``diuq or working in the
surrounding areas ,
D. The proposed modif ,iatLonn 'amended) would not be
obnoxious, harmful `d .mp��' the utility of the property
itself and neighbor) p, "pe, . y.
Section 3. That the ' ty Council does hereby find that the
approval of the requested modl[ .t,cn^ i3 consistent with the City's
General Plan.
Section 4. The folloi, .og connitinos of approval for Major
Modification No. 1 (as modified) n`...ersedr previous conditions of approval
for Development Flan Permit No. 34n
Section 5. That the ci'y '.ouucil hereby conditionally
approves Development Plan Permit /«o. DP- 148 Major Modification No. 1
subject to compliance with all of ' .e conditions attached hereto, and does
hereby find, determine, and resol ` t|`i,t violation of any such conditions
shall be grounds [o! revocatior =. `' ` ndustrial Planned Development
Permit.
This action with the foregoing dire `'a: approved by the following roll
call vote:
AYES:
NOES:
ABSENT:
PASSED, APPROVED AND ADOPTED THIS D � '� ./xnmnr 17, 1e90.
`u1 Lav/ `son' Mayor
ATTEST:
Lillian Kellerman, City Clerk (se;-1
DP-348 Major Modification N I Page -1-
A to Z Self Storage
February 7 , 1990 approved Peso ]. tion No.
The following conditions of approva for Major Modification No. 1 (as modified)
supersede previous conditions of api oval or Development Plan Permit No. 348.
1. That major modifications for Dt•velopment Plan Permit No. 348, as modified
on January 17, 1990, is approved of the following uses: referral of rental
trucks and trailers; the installation of copying/fax machine for office use
only; the sale of packaging materials related to the self-storage facility,
one public phone, up to three vending machines and Sunday operation from
10:00 a.m. to 4:00 p.m. (effective only after wall is raised or additional
landscaping is installed).
2. The permit is granted for the uil3ings as shown on the approved plan and
elevations.
3. All facilities and uses othe- titan those specifically approved by the
Director of Community Development are prohibited unless a modification
application has been approved t the city of Moorpark.
4. The design, maintenance, and fetation of the permit area and facilities
thereon shall comply with all applicable requirements and enactments of
Federal, State, County, and Cif : authorities, and all such requirements and
enactments shall, by reference became . onditions of this permit.
5. No conditions of this entitle ent sha., l be interpreted as permitting or
requiring any violation of is or any unlawful rules or regulations or
orders of an authorized governNenta1 agency. In instances where more than
one set of rules apply, the • r s shall take precedence.
6. If any of the conditions ar m i:aticuns of this permit are held to be
invalid, that holding shall r ! i•r alidite any of the remaining conditions
or limitations set forth.
7. The permittee agrees as a cork, tion of issuance and use of this permit to
defend, at his sole expense, at action brought against the City because of
issuance (or renewal) of this permit :r in the alternative to relinquish
this permit. Permittee will r •imburse the City of any court costs and/or
attorney's fees which the city lay oe requested by court to pay as a result
of any such action. The city lay , at As sole discretion, participate in
the defense of any such act i o out sr cli participation shall not relieve
permittee of his obligation •rr t i ; ondition.
8. A sign permit is required fc all o site signs to be approved by the
Director of Community Development . Only one monument sign shall be
permitted which shall be extes ili} li No onsite building sign shall be
permitted unless the buildin s .0 r ur ied by a single user. No offsite
signs are permitted.
9. Prior to initial tenant Dear, vu} anu any subsequent change in tenant
occupancy, the owner of the siii ect building, or the owner's representative
shall apply for a Zonin; err ; nc'• from the Community Development
Department
dp348c . ncs36
DP-348 Major Modification N \ Page -2-
A to Z Self Storage
February 7, 1990 approved b P*no\'tioo No .
10. The Director of Community De`~lvpmrnt or his desigoee, shall have the
authority to conditionally app. ,)v,? cc deny a Zoning Clearance request for
tenant occupancy consistent �` '` :'tIcle 45 of the Zoning Code. The cost
of the Zoning Clearance te 17. ',nc by the applicant for tenant
occupancy.
11. The permittee' s acceptance [ this permit and or commencement of
construction and /or operatic)! - 'under this permit shall be deemed to be
acceptance of all conditions 1' this permit.
PRIOR TO ISSUANCE OF A ZONING CLI-ARANCn' THE FOLLOWING CONDITIONS SHALL BE
SATISFIED:
12. Revise landscape plans (2 s' ,s , to reflect the following changes as
approved at the City Council. mc -ting of January 17, 1990`
The applicant shall provide n' w landscaping as a buffer on the adjacent
single family residences, if t .p adjacent home owners choose this opinion
after a meeting to be arranq^' I with the Community Development Director.
The landscape materials to b installed by and at the expense of the
applicaot, must be approved tY' hp njrr' to, .
13. The applicant shall bear the ' ,dztional cost of the landscape plan review
and final installation iusp, i'.,. rhe landscaping and planting plan
submitted for review and appr vr] ,baLl be accompanied by a deposit as
specified by the City of Movcp',rh. Additional funds may subsequently need
to be deposited to cover all L°/d,cape plan check and inspection fees. All
landscaping and planting sbali 'e accomplished and approved by the Director
of Community Development, o, his designee, prior to the approval of
occupancy. The project landsc'' pla,`, shall include the following:
a. A fifty percent (50%) ``> ^dp cov'.rage shall be provided within all
parking areas. Shade , c ~ri'/c i. described as the maximum mid-day
shaded area defined by , '\~rr,d ,perimpu tree at fifty percent (50%)
maturity.
b. Any turf plantings ass',, ated w' th this project shall be drought
tolerant, low-water usln.:
c. Landscaping at site eutry es and ,nits and at any intersection within
the parking lot shall not o' screen the view of a seated driver
from another moving vehi r/ r~d,strian.
d. Plantings in and adjacent to parking areas shall be contained within
raised planters surround-, h! six- nch high concrete curbs.
e. Landscaping shall be oes` :npd so is to not obstruct the view of any
exterior door or window , m tie street.
f. Landscaping (trees) shall o,t he placed directly under any overhead
lighting which could cav ' . | p` f light at ground level.
dp24Hc . doc\pc5.]6
DP-348 Major Modification N Page -3-
A to Z Self Storage
February 7, 1990 approved t R,.soltioo No.
g. Replace the landscaping the 3 foot landscape area along the west
side of the building stc' . u/' gravel mulch'
h. Landscaping shall be uspl o 5r!,r` views of any backflow preventers.
17. Onsite landscaping adjacent i Lvs Angeles Avenue shall be designed to
screen the buildings from pub c views on Los Angeles Avenue. Acceptable
landscape materials include t t are not limited to minimum 24 inch box
trees and dense abrubbery' ue landscape plan shall be subject to the
review and approval of the .7): .e,tor `f Community Development. Existing
landscape materials in the 30 oot landscaped planter shall be replaced by .
more dense, matured and large. scale 'recs and shrubs which would provide
more effective screening from . e mvo, street.
18. After the City has completed t .e Los Angeles widening, the applicant shall
provide full street improveme .t= (meandering side°alb, paving, curb and
gutter, tree wells, laodocapo. : ^,6 irr7:9atioo systems) along Los Angeles
Avenue in the Caltrans
19. All property line walls shall ,/: further than one inch from any property
line. •
20. For all exterior ligbtiug. L1ghtzng plan shall be prepared by an
Electrical Engineer registered in the State of California and submitted to
the Department of Community 'eveLopmeut for review and approval. The
lighting plan shall achieve t, , following objectives: Avoid interference
with reasonable use of adjoac ng properties; minimize onsite and offsite
glare, provide adequate onsite : igbtiug; limit electroliers height to avoid
excessive illuminations; and i ' ovide structures which are compatible with
the total design of the propns' , fac/l� �y
The lighting plan shall inclul fooving,
a. A photometric plan show. ig ^ point-by-point foot candle layout to
extend a minimum of t"r (20: feet outside the property lines.
Layout plan to be used o'. ' rn (1 )) foot grid center.
b. Maximum overall height oo ixtor.5 shall be twenty (20) feet.
c. Fixtures must possess s 3rp cuIoff qualities with a maximum of
one-half foot candle nation it property lines.
d. There shall be no more ' ** a s.ven-to-one (7 :1) ratio of level of
illumination shown (ma' -mun.-to' ninimum ration between lighting
standards) .
dp3480 . doc\ccn36
DP-348 Major Modification H` | Page -4-
A to Z Self Storage
February 7, I990 approved >' R_aol`tcioo No .
e. Energy efficient lightIc . shall he provided which are
compatible with adjacent [
f. Average maximum of one-h fp'` . c `ndlc illumination.
21. In recognition of the need fo pud,lic street and traffic improvements to
meet the demand generated by cumulattve develr�meut in the City, the
applicant shall prior to the .ssuano, of a zoning clearance execute a
covenant running with the lan on behalf of itself and its successors,
heirs, and assigns agreeing ' parciipatp in the formation of an be
subject to any assessment Cist ot or other financing technique including
but not limited to the payment f t'aff,c mitigation fees, to provide funds
for such improvements, should ^ :h ` me, xanism be established by the City.
22. The applicant shall contribute to ,|.r 'ity of Moorpark an amount of $.25
per square foot of gross f]oc support the City's current and
future pack system.
23. Prior to issuance of a Zoni' g Clearance, the permittee shall make a
monetary contribution to the C ,f Muorpark'n Art in Public Places Fund
in the amount of $100.00 for 'a onV square feet of building floor area.
24. Prior to issuance of a Zonl' g Clearance, the permittee shall make a
monetary contribution to the raffic Management System Fund of $.15 per
square foot of floor area tc t 'ansportatioo improvements measures.
25' The hours of operation shall limited to 8,00 a.m. to 8=00 p.m. Monday
through Friday; Sunday pperatio'' shall he from 80,00 a.m. to 4,00 p.m. (see
Condition No. 1.)
26. Consider the possibility of io` , easing 'he height of the 9 foot wall along
the eastern property line of '| F, `j°c, site.
27. All noise generation sources c sit shall be attenuated to 55 dBA at the
property line, or to the ambler t noise level at the property line measured
at the time of the occupancy ' "qves' . Prior to the issuance of a zoning
clearance for initial wccopau' / .)/ ar>' subsequent tenant occupancy, the
Director of Community Develuinr,., ma[ request that a noise study be
submitted for review and appr^` `l which demonstrates that all onsite noise
generation sources would be n tivat,d to the required level. The noise
study must be prepared by a | c .r .,s,ical engineer in accordance with
accepted engineering standar./
28. The existing recorded recipccc . *.c_s3 easements shall not be blocked or
gated at any time. No parking :t-11: 1 be sited in the access easement along
the northerly side of the ix]
29. Prior to issuance of a Znni,,c L,a,axcp ' a Surety Performance Bond in the
amount of $10,000 shall be | ard accepted by the Director of Community
Development. The Director :if ommuniti Development may, through a public
hearing to be heard before t ' cAy Council recommend that any or all of
the funds in the 9erformvn , v ! Forfeited for noncompliance of the
dp348c . dor ncn1E
DP-348 Major Modification 11' 1 Page -5-
A to Z Self Storage
February 7, 1990 approved b Resolution No.
Conditions of Approval or for sIne otbe, just cause. This conditions shall
automatically be superseded by 'n related resolution or ordinance regarding
condition compliance for en/ i ipprovals as adopted by the City
Council.
PRIOR TO OCCUPANCY THE FOLLOWING SIM. APPLY.
30. For industrial uses, parking ..paces snail be eight and one-half (8-1/2)
feet in width and twenty (20) 'eet in 3ength, plus one-half (1/2) foot in
width when next to a wall. . ~duced '`ize for compact car spaces is not
permitted.
31, All parking areas shall be s` faced with asphalt or concrete and shall
include adequate provisions fc drainage, striping and appropriate wheel
blocks, curba, or posts in park ng ^rras adjacent to landscaped areas.
32. No later than ten (10) days ,fter any change of property ownership or
change of lessee(s) or operator s) of the subject building, there shall be
filed with the Director of Community Development the name(s) and
address(es) of the new owner(s aconwledqing and agreeing to comply with
all conditions of these permits
33. Reference Condition No. 10 4111 '. required that prior to initial occupancy
or any subsequent changer of rn*'/t occupancy' the owner of the subject
building, or the owner's repre`'mtative shall apply for a Zoning Clearance
from the commuoity Development Department. The purpose of the Zoning
Clearance shall be to determi,`' if the proposed use(s) are compatible with
the zoning and terms and condi ~ `ns of 7be permit.
34. prior to occupancy by an tcra/ `', subsequent owner whose business would
employ or dispose of b=cardr . na'eri.`\s. a Major Modificiaton approval
shall be required.
35. The continued maintenance of ,be permit area and facilities shall be
subject to periodic iospectic by the City. The permittee shall be
required to remedy any defects `n 1round maintcnaucc, as indicated by the
Code Enforcement Officer with,' h`/ t , lo) days after notification.
36. The striping for parking spa . ., u Lading bays shall be maintained so
that it remains clearly visib|-
37' No outside storage of recreat `,o= vehicles and transportation vehicles
(U-haul trucks and trailers) ,|. l he permitted.
38. No repair or maintenance of ,, ' 's ' , any other vehicle shall occur outside
of the industrial building.
39. Loading and unloading npprati ', Jan int be conducted between the hours
of 10.U0 p.m. and 6,00 a.m.
40. No noxious odors shall be gen,/ ' e | f' om any use on the subject site.
dp348c.doc\pcs36
DP-348 Major Modification r Page -6-
8 to Z Self Storage
February 7, 1990 appronel t rtioo No.
41. The applicant and his succra .o/ s heirs, and assigns shall remove any
graffiti within ten (ten) day from .rittpn notification by the City of
Moorpark. All such graffi / ^rio`.,l shall be accomplished to the
satisfaction of the City.
CITY ENGINEER'S CONDITIONS
PRIOR TO ZONING CLEARANCE, THE FOIL WING CONDITIONS SHALL BE SATISFIED:
42' The applicant is required to construct the existing alleyway along the
southwest portion of the site ' a fvl �_ width of 25 feet.
43. That prior to any work brLug conducted within the State or city
rigbt-of-way, the developer s! Ill nhtin an Encroachment Permit from the
appropriate agency.
SHERIFF'S CONDITIONS
PRIOR TO ISSUANCE OF A ZONING ' F&nANcc THE FOLLOWING CONDITIONS SHALL BE
SATISFIED:
44. Landscaping shall not cover an cui ~, i,'r door or window.
45. Landscaping at entramces/euitor at ^oy intersection within the parking
lot shall not block or scree ,h, vl~w of a seated driver from another
moving vehicle or pedestrian
46. Landscaping (trees) shall not ,e placed directly under any overhead light
which could cause a loss of li '`t ground level.
47. Front door entrance shall be v 'i/` r [/ op the street.
48. Directory boards indicating loc*tiv/.0 of the various buildings and
individual units shall be di: .'loyrd each entrance to the complex and
lighted during he hours of d=r
49. Handicapped parking spaces sba nr'`�ided in accordance with Title 24.
50. Addresses shall be clearly t, approaching emergency vehicles and
mounted against a coutr=stioq `l `,
VENTURA COUNTY FIRE DEPARTMENT CONDITIONS
PRIOR TO THE ISSUANCE OF A Zowlmc1ARxwc" , THE FOLLOWING CONDITIONS SHALL BE
SATISFIED.
51' Any structure greater than 5'0 , square feet in area and/or five miles from
a fire station shall be provid' A with an automatic fire sprinkler system in
accordance with Ventura County )rdinance No. 14. If the building is to be
protected by an automatic ,p' i i]r sy,t,m, plans shall be submitted, with
dp348c . doc\pcs36
DP-348 Major Modification N l Page -7-
A to Z Self Storage
February 7, I990 approvec Resolution No .
payment for plan check, to the ertJr° /ouoty Bureau of Fire Prevention for
review and approval.
52. The applicant shall submit .os tc. he Ventura County Bureau of fire
Prevention for approval of th' Io':ari: n of fire hydrants. All existing
hydrants within 300 feet of d.^ developnen- must be shown on the plan.
PRIOR TO ISSUANCE OF A BUILDING cRn:z 7iE FOLLOWING CONDITIONS SHALL BE
SATISFIED:
53. The minimum fire flow required shall be determined by the type of building
construction, proximity to othe structures, fire walls and fire protection
devices provided, as specified /y tue I S.O. Guide for Determining Required
Fire Flow. Given the present pans and information, the required fire flow
is approximately 1'500 gallons ,er minute. The applicant shall verify that
the water purveyor can prav:de he required volume at the project.
54. That a minimum individual hydr At jnw of 1250 gallons per minute shall be
provided at this location.
PRIOR TO CONSTRUCTION THE FOLLOWzw(3 nwnzTrows SHALL APPLY:
55. Access roads shall be a minimu of 25 feet in width and shall be installed
with an all weather surfac s./ rab|e for access by fires department
apparatus.
56. Fire hydrants shall be ioat', led and in service prior to combustible
construction and shall confer 'n the minimum standards of the Ventura
County Water Works Manual.
a. Each hydrant shall be a inch wet barrel design and shall have one
4-inch and two 2-1/2 inch n/ \rt (s
b. The required fire flow '`a| be achieved at no less than 20 psi
residual pressure.
c. Fire hydrants shall be sp .:ed 300 feet on center, and so located that
no structure will be for*.1 r than 50 feet from any one bydraot'
d. Fire hydrants shall be - from the curb face 24 inches at
center.
57. all grass or brush exposing an structures shall be cleared for a distance
of 1200 feet prior to frup` �. according to the Ventura County Weed
Abatement Ordinance.
PRIOR TO OCCUPANCY, THE FOLLOWING .' /n1T7OK5 SHALL BE SATISFIED:
58. Trash containers with an iodiv :ual capacity of 1.5 cubic yards or greater,
shall not be stored =ithi.. s feet of openings, combustible walls,
combustible roof ~avr liner.. .}^' ` protected by approved automatic fire
sprinklers.
dp248c.doc\pcn36
'
DP-348 Major Modification N 1 Page -8-
A to Z Self Storage
February 7, 1990 approved L Rescl1tion No.
59. That address numbers, a minimun of 6 inches high, shall be installed prior
to occupancy, shall be of cont: •sti:-g calor to the background, and shall be
readily visible at night. Wher structures are set back more than 250 feet
from the street, larger numters wi. L be required so that they are
distinguishable from the stye. =. In the event a structure ;) is not
visible from the street, the address number(s) shall be posted adjacent to
the driveway entrance. That a plan shall be submitted to the Ventura
County Bureau of Fire Prevention fcr review indicating the method in which
building are to be identified 1^ ad:1res- numbers.
60. That fire extinguishers shall b• in3talled in accordance with National Fire
Protection Association, Pamphle #1 ). the placement of extinguishers shall
be reviewed by the Fire Prevent on lureau .
61. That if any building(s) are o be protected by an automatic sprinkler
system, plans shall be submitte wi-h payment for plan check to the Ventura
County Bureau of Fire Prevent ,c fo- ' eciew.
62. That plans for the installatic: , of an automatic fire extinguisher system
(such as, halon or dry chemira ) scall be submitted to the Ventura County
Bureau of Fire Prevention for r view • c insure proper installation.
63. That any structure greater th? . ,000 square feet in area and/or 5 miles
from a fire station shall CP Rro'fide with an automatic fire sprinkler
system in accordance with Venn a ^junta. Irdinance No. 14.
64. Any gates to control vehicle cess are to be located to allow a vehicle
waiting for entrance to be ,:ompletely off the public roadway. If
applicable, it is recommended t ,at the gates swing in both directions. The
method of gate control shall s lh i e- t to review by the Bureau of Fire
Prevention.
65. That a security key-box (knox L x) , which enables fire department personnel
to obtain keys or electronic N. cards to the structure through the use of
a single high-security master ) .y if-al be provided.
dp348c .doc\pcs3f-
. 1
ITEM____MOO PARK
STEVEN KUENY
ELOISE BROWN
Mayor City Manager
J. K-
BERNARDO M. PEREZ CHERYL NNE
((.4„;‘, City Attorney
Mayor Pro Tem
t
CLINT HARPER, Ph. a PATRICK RICHARDS, A.I.C.P.
Councilmember /-
Director of
PAUL LAWRASON Community Development
Councilmember _ - R. DENNIS DELZEIT
SCOTT MONTGOMERY City Engineer
Councilmember JOHN V. GILLESPIE
RICHARD T. HARE Chief of Police
City Treasurer
MEM ( RAND1111
TO: The Honorable City Council
FROM: Patrick J. Richards , Director of Community Development
DATE: July 26, 1989 (CC meeting of 8/2/89)
SUBJECT: PROPOSED CRITERIA F(14 FIRST TIME HOME BUYER PROGRAM
The City has an opportunity , proviUe new housing to a limited number
of first time home buyers wor-ing with Griffin Homes. In an effort to
create program criteria, staf, met with Councilmembers Harper and Perez
of the Affordable Housing :omrLtuee on July 12, 1989. The following is
a summary of those matters d cussed the Committee plus other items
staff considers important:
1. This program is only avi ; able to a single person or married couple
that has not held prvi owne-ship of any residential dwelling
unit at any time.
2. This program is availal, e, to households whose income does not
exceed those of the mod(. ate incme level ( 120% of County median
income) based on family 1.7.e. copy of the County figures for
median income by family s 4e is attached.
•
3. The sales price of the d fling u,it is $180,000 plus buyer closing
cost.
4. Dwelling units must be ov er occupied for the life of this program
and may not be rented, le e1 07 -;lhlet
ki
5. The program is open to: 4) qualified city residents, as;.—e4 April
15, 1989; b) household mei ner( s) employed in the City since July 1,
1989; c) all Ventura Coun , residents; in the priority order stated
above. Interested applic nts in category b) would not be eligible
until all applicants category a) are determined to be
ineligible. The same p'. ens woIlld be used 15 it relates between
categories h) and c)
799 Moorpark Avenue Moorp,irk, CaMornia 93021 (805) 529-6864
HM3YR/r7r7r':1 . *
• July 28, 1989
page 2
6. City to provide up tc 51 ,000 to assist with closing costs. With
this amount, and the am: unr, (estimated to be $30,000 to $35,000)
that is the difference ,tween ' 'ie developer's base selling price
for this model and th Y0tOO ling price under t is program to
become a second trust : o- of the city in an amount not to
exceed $40,000.
7. No interest payment on econd mortgage for five (5) years unless
the home is sold, defadt occurs, or there is a violation of
participation rules. Ci : i_o pr-vide two (2) options of repayment
after 5 years;
• 1 r•
a) Repayment in full
b) Ownet—lnr—seeure—e Ally amortized second trust deed for the ta
original principal -71outtt for a period not to exceed 10 years
with repayment to e City of principal and interest during
this 10 year perioi ( 0 - ; to
8. If the home is sold wimin 120 months from the (plate of initial
close of escrow the Cit shall receive 14% of the selling price
above $210,000 (less Cit share 1 any real estate commission not
to exceed 5% of its she-,
If the home is sold w:t in the 121st and the 360th month of the
initial close of escrow, -.he city shall receive 10% of the selling
price above $210,000 City share of any real estate commission
not to exceed 5% of it ; sharc ' . After the 360th month after
initial close of es:r', C ty would relinquish any equity
sharing.
9. All future sales of the —)us(-s mist be approved by the City and be
based upon an appraisiC F epared by a person/firm approved
by the City.
10. General eligibility WI h di,termined by the Department of
Community Development flo entry 0.to the lottery.
11. At least 15 households w , I bc! sele(:ted 52irp the lottery drawing by
the City Council with. - rov- .!t4 forieligibility from first to
last
12. The mortgage lender ( ho n ty t City, in conjunction with the
City, will qualify the /1 Iiints
13. The City Council resery tie right to change the participation
rules at any time after t initill drawing to insure that five (5)
eligible buyers can be selected within the time restrictions
related to completion o' or, tt n ' ion and availability of the home
or financing
IlsIDVD /r•.... , — •
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