HomeMy WebLinkAboutAGENDA REPORT 1990 1205 CC REG ITEM 11ABERNARDO M.PEREZ
Mayor
SCOTT MONTGOMERY
Mayor Pro Tem
ELOISE BROWN
Councilmember
CLINT HARPER, Ph.D.
Councilmember
PAUL W. LAWRASON, Jr.
Councilmember
LILLIAN KELLERMAN
City Clerk
MOORPARK
M E M O R A N D U M
STEVEN KUENY
City Manager
CHERYL J. KANE
City Attorney
PATRICK RICHARDS, A.I.C.P.
Director of
Community Development
R. DENNIS DELZEIT
City Engineer
�, ) JOHN V. GILLESPIE
7i &'FLU/ Chief Police
' RICHARD T. HARE
City Treasurer
To: The Honorable City Council
From: Patrick J. Richards Director of Community Development ��PjG�
Y P
Date: November 29, 1990 (City Council Meeting 12 -5 -90)
Subject: AFFORDABLE HOUSING PROPOSAL - BIBO /CABRILLO
ECONOMIC DEVELOPMENT CORPORATION (CEDC) STATUS REPORT
Background
On November 21, 1990 BIBO Inc. and Cabrillo Economic Development
Corporation (CEDC) presented a proposal to the City Council to
provide 100 affordable rental units within the City. The subject
site is a 7.41 acre property located on the south side of Los
Angeles Avenue just west of Fremont Street.
At the Council's November 21st meeting the applicants not only
explained their proposal, but also requested a variety of
assistance needs related to their project. The assistance needs
are as follows:
1. Interim Financ ing - The use of CDBG and other City
funds as a no interest loan.
2. Fee Deferral
3. Design Flexibility
4. Fast Track, P;gocessinq
5. Millard Street Improvements
6. Parcel Map Approval
7. Affordable Housing Agreement
799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864
The council determined that the project had merit towards providing
affordable housing, but withheld any decision regarding the project
until additional discussions could take place between the
Affordable Housing Committee, staff and the applicant. The Council
directed the Committee and staff to meet with the applicants and
work on the details of this proposal. Staff is to provide a status
report to the Council at their December 5, 1990 meeting.
•
On November 28, 1990 the Affordable Housing Committee and staff met
regarding this proposal and discussed the following:
1. Use of CDBG and City Affordable Housing funds as an
interim no interest loan of $400,000 to the project.
On Tuesday December 4, 1990 a meeting is to be held
between City staff, CEDC and the County CDBG staff so
as to reach a decision on the use of CDBG monies. Staff
at present has been advised by the County that CDBG funds
may not be used for loans. However, they are reviewing
the matter further and will discuss their position
at the December 4th meeting.
2. At the present time the City has $186,639 available to be
placed in the Affordable Housing fund account. Staff is
still in the process of reviewing if there are any legal
constraints to a no interest loan to this project. There
is also $16,200 from the CDBG Small Cities Program that
may be available to this project. This money has become
available because of loan repayments from two homes. Any
loan of CDBG or City funds to the applicants will need to
be protected in the event that if the sale does not occur
within a time certain there is a requirement for
repayment in full.
3. BIBO Inc. has provided to staff a graphic illustration of
the future Millard Street extension (see attachment).
This illustration indicates that the house on the
adjacent corner parcel (This is a separate lot from the
subject site) would need to be removed to accommodate the
roadway. The Committee agreed with staff regarding the
need for the roadway connection. This matter would
need to be made part of any consideration for a future
subdivision of the site.
4. The Committee discussed the applicants interest in a fee
deferral and concluded that some fees may be able to be
deferred (not waived) but any contract service such as
City Engineer, City Attorney etc. would need to be paid
in a timely manner. The Committee suggested that a
smaller than usual deposit could be made to the City for
which billings would draw upon.
5. The issue of fast tracking the processing was determined
to be an impact on current staff inasmuch as there is a
vacancy in the Department of Community Development. No
specific timelines were discussed.
6. The issue of escrow extension became the focal point of
concern for both staff and the Committee. At present the
applicants escrow for this property expires on or about
December 31, 1990. Without assurance that there is a
legal extension; the City may extend a considerable
amount of staff time without results. Before proceeding
further with this project there should be substantial
illustration that the escrow has been extended long
enough to allow this project to be processed in a timely
manner.
That the City Council request from the applicant a written escrow
extension, for a time period of at least six (6) months, prior to
providing any commitment of City resource in support of this
project.
Attachment: Millard Street Future Alignment