HomeMy WebLinkAboutCC Resolution 14074 (Purchase BMR Housing Unit)(Missing agr)RESOLUTION NO. 14074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
AUTHORIZING THE CITY MANAGER TO SIGN A BELOW MARKET RATE
OWNERSHIP HOUSING AGREEMENT AND A BELOW MARKET RATE RENTAL
HOUSING AGREEMENT FOR 1200 IRWIN STREET/524 MISSION AVENUE
WHEREAS, on July 16, 2007, by Resolution 12315, the San Rafael Planning
Commission approved a Tentative Map (TS06-01) for a 15 -unit housing development located at
1200 Irwin Street/524 Mission Avenue (APN 014-013-05) (the "Property"); and
WHEREAS, the base density for the Property is thirteen units and the project received a
density bonus of two units and parking concessions pursuant to San Rafael Municipal Code
14.16.030 and California Government Code Section 65915 in exchange for providing two
affordable three-bedroom units on the site; and
WHEREAS, the City and 524 Mission Street, LLC, the Property developer
("Developer"), desire to enter into appropriate Below Market Rate ("BMR") Housing
Agreements and establish the affordability levels for the two units; and
WHEREAS, the Developer desires initially to rent all of the units on the Property and to
sell all of the units at a later date; and
WHEREAS, to ensure the Property complies with the required affordability standards
while units are rented, the Developer must enter into a BMR Rental Agreement with the City of
San Rafael, to be recorded on the Property, providing that one of the two affordable rental units
must be affordable to very low-income households at 50% of County median income, and the
second affordable unit must be affordable to low-income households at 60% of County median
income; and
WHEREAS, to ensure the Property complies with the required affordability standards
when units are sold, the Developer must enter into a BMR Ownership Agreement with the City
of San Rafael and the Marin Housing Authority, to be recorded on the Property, providing that
the two affordable units when sold must be priced to be affordable to low income households at
65% of County median income;
NOW THEREFORE BE IT RESOLVED that the City Manager is authorized to
execute and have recorded, on behalf of the City of San Rafael, a Below Market Rate Rental
Housing Agreement for the Property located at 1200 Irwin Street/524 Mission Avenue in San
Rafael in a form to be approved by the City Attorney;
BE IT FURTHER RESOLVED that the City Manager is authorized to execute and
have recorded, on behalf of the City of San Rafael, a Below Market Rate Ownership Housing
Agreement for the Property located at 1200 Irwin Street/524 Mission Avenue in San Rafael in a
form to be approved by the City Attorney.
I, Esther C. Beirne, City Clerk of the City of San Rafael, hereby certify that the
foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the
City Council held on the seventh day of March 2016, by the following vote, to wit:
AYES: COUNCILMEMBERS: Bushey, Colin, Gamblin, McCullough & Mayor Phillips
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
ESTHER C. BEIRNE, City Clerk