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HomeMy WebLinkAboutReso 66-11 Afford House Agmt AmendRESOLUTION NO. 66 -11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN **~***~**** APPROVING THE FIRST AMENDMENT TO AMENDED AND RESTATED SUBSEQUENT AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS WHEREAS, Dublin RE Investors, LLC and Braddock and Logan Group II, L.P. (collectively the Developer) are the owners of several parcels of land within Fallon Village that are known as Positano and consists of 1,043 residential lots; and WHEREAS, an Affordable Housing Agreement is required by the Inclusionary Zoning Regulations of City of Dublin Zoning Ordinance (Chapter 8.68); and ~ WHEREAS, the Developer proposed a comprehensive affordable housing proposal to address the requirements of the Inclusionary Zoning Ordinance for the entire Positano development and said proposal includes alternative methods of compliance with the Inclusionary Zoning Regulations; and WHEREAS, the City Council held a public meeting on October 18, 2005, to review the affordable housing proposal, and the City Council directed Staff to work with the Developer to refine the affordable housing proposal; and WHEREAS, the City and the Developer subsequently entered into an Affordable Housing Agreement for the Construction of Inclusionary Units in the First Phase of the Positano development, consisting of 416 lots, dated June 5, 2007, as .amended on June 17, 2008, November 4, 2008, June 16, 2009, October 20, 2009, January 2010, March 25, 2010, and August 17, 2010 ("the First Phase Agreement"), wherein the Developer agreed to construct a total of 53 affordable units (11 single-family detached homes and 41 secondary units); and ~ WHEREAS, subsequently, the City and Developer entered into a Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated November 4, 2008, as amended on March 25, 2010 ("the Subsequent AgreemenY'), for the remaining 627 lots of Positano known as the Subsequent Phase; and WHEREAS, the Subsequent Agreement provided that Developer would satisfy its affordable housing obligations in the Subsequent Phase by. among other things constructing a 78-unit offsite affordable housing project; and WHEREAS, the Developer determined that the offsite project was infeasible, and it and the City entered into an Amended and Restated Subsequent Affordable Housing Agreement that requires the construction of 41 1-bedroom, low-income, Second Units in the Subsequent Phase and the payment of a$1,938,760 fee in-lieu of construction; and Page 1 of 2 WHEREAS, Developer now desires to alter the location of the some of the 41 Second Units of which the Subsequent Agreement requires construction; and WHEREAS, the Project has been found to be Categorically Exempt from the California Environmental Quality Act (CEQA); and WHEREAS, a Staff Report dated June 7, 2011, and incorporated herein by reference, described and analyzed the proposed amendment to the Affordable hiousing Agreement; and WHEREAS, the City Council did use its independent judgment and consider all said reports, recommendations and testimony. NOW, THEREFORE, BE IT RESOLVED that: A. The City Council of the City of Dublin does hereby approve the First Amendment to the Amended and Restated Subsequent Agreement attached hereto as Exhibit A. B. The City Manager is authorized to execute the First Amendment to the Amended and Restated Subsequent Agreement attached hereto as Exhibit A including the accompanying memorandum of the agreement. PASSED, APPROVED AND ADOPTED this 7th day of June 2011, by the following vote: AYES: Councilmembers Biddle, Hart, Swalwell, and Mayor Sbranti NOES: None ABSENT: Councilmember Hildenbrand ABSTAIN: None ~ n~-~- ~~~~~ Mayor ATTE : / 'DE T `( City Clerk Reso No. 66-11, Adopted 6-7-11, Item 4.11 Page 2 of 2 ~ !~ ~ P~ AMENDMENT NO.1 TO AMENDED AND RESTATED SUSSEQUENT AFFORDABI,E I30USING AGREEMENT FOR TI~E CONSTRUCTION OF INCLUSIONA,RY LTNITS AND PAYMENT OF FEES IN LIEU OF CONSTI2UCTING INCLUSIONARY HOU5ING ITNITS Dublin RE Investors, LLC and Braddock and Logan Group II, L.P. Subsequent Phase (62'1 Residen4ial Lots) of tbe Positano Project 'I'~IS F~tST ANIENBDNdEEN~' to the Amended and Restated Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment Of Fees In Lieu Of Constructing Inclusionary Housing Units, dated August 17, 2010, is hereby entered into thi.s 7th day of June, 2011 by and among the City of Dublin ("the City"), Dublin RE Investors, LLC, a Califomia limited liability company and Braddock & Logan Group II, L.P., a Califomia linnited partnership (collectively, "the Developer"). Recitals 1. City and Developer are parties to an Amended and Restated Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated August 17, 2010 ("the Agreement"). The Agreement sets forth the manner of Developer's compliance with the Inclusionary Zoning Regulations contained in Chapter 8.68 of the Dublin Municipal Code ("the Regulations") for the 1043 residential lot development project being pursued by Developer. The Agreement governs 627 residential lots, referred to as the Subsequent Phase, while the other 416 residential paxcels, referred to as the First Phase, are govemed by a separate agreement among the parties. 2. The Agreement requires, among other things, that with respect to the Subsequent Phase of the Project that is encompassed by the Agreement, Developer construct 4l 1-bedroom, low-income, Second Units in the Subsequent Phase, as defined, in the locations depicted in Exhibit 3 to the Agreement. 3. Developer now desires to amend the Agreement as needed in order to change the location of the Second Units depicted in Exhibit 3 to the Agreement. 4. The City is agreeable to the proposed change and fmds that the inclusionary units will continue to be dispersed throughout the development as required by the Regulations. NOW, TH~~FOI2~; Developer and City for themselves and their respective successors and assigns hereby agree as follows: .. Section 1. ~ Amendment of Section 3. b. i of the Agreement. Section 3.b.i of the Agreement is. amended to read as follows: ~ "i. Exhibit 3("the Location Diagram") depicts the location of the 41 1-bedroom, Second Units to be constructed in a portion of the Subsequent Phase referred to as Neighborhood C3, the D Neighborhoods. Developer may request that the Amendment No. I to Amended and Restated Subsequent Affordable Housing Agreement for the Positano Pro ect ' EXI~IBIT A TO ATTACHMENT 4 11 /~ ~ Community Development Director approve changes to the Location Diagram that alter the location of the Second Units. Upon the Community Development Director's approval, which shall be administrative, the revised Location Diagram shall be automatically i.ncorporated into this agreement as Exhibit 3, replacing the previous Exhibit 3. In approving any revised Location Diagram, the Community Development Director shall find (a) that the Location Diagram shows 20 Second Units in Neighborhood C3 and 21 Second Units in the D Neighborhoods; and (b) that the Inclusionary Units are "reasonably dispersed" throughout Neighborhood C3 and the D Neighborhoods, as required by Section 8.68.030.E of the Regulations." Section 2. Amendme~zt ofExhibit 3. Ezhabit 3 of the Agreement is hereby replaced with Ezhibat A to this Agreement. Section 3. All other provisions of the Agreement shall remain in effect. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF DUBLIN By: Attest: Joni Pattillo, City Manager Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney DEVELOPER DUBLIN RE 1NVESTORS, LLC a California limited liability company By: Braddock and Logan Services, Inc. a California corporation Its: Manager By: oseph E. Raphel Its: President BRADDOCK & LOGAN GROUP II, L.P. A California limited partnership By: Braddock and Logan Services, Inc. a California corporation Its: General Partner By: oseph E. Ra el Its: President I624757.1 ~ Amendment No. 1 to Amended and Restated Subsequent Affordable Housing Agreement 2 for the Positano Project ~a ~~ .~ E7~IIBI'I' A Revised Exhibit 3 to the Agreement ["Diagram and Location of Inclusionary Units in the Subsequent Phase of the Project"] l3~ ~ i , ---__.-, ~ .~ DUBtJN BA . ,; ,~~ ~~~ _ ,,: - ,. >. . -. . , 'X; d ,~.~ : X`= _, _ _5~'fJ~i' ~r='~~f;' - _'., _ x •... _; ; ~, -, .,: . ; ; _ '--X.. SUHS~Ql7E_~ITPIIASL• _' ~~:`.. .... . . .. . Positano Sulisequent Phase: .Afforc3able Unit Lacations Neighborl~ood Key Rs+'.SRi!11 i9}74b1 LEGEIVD m. = Subsc9v:niRhzie. ~ ~ .. ~ EipandM.Firstl'.hue ~ eSFFORAABLfi LOT I:OCATIO,\'S; X v I.MSlntemc, ~~ _ Ortc Hrdroom Secmd liniis (41) ~ M.O~Tn ~~ S . noT To sCn[j o.z o~o.u,o wvaw:.no suwcrno ... . nrASa~wt.a. ~~sse p.~ uura ~~ ~~ ~6 ~~~~ Revised Memorandum of Affordable Housing Agreement for the Construction of Inclusionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Housing Units 1 l8' RECORDING REQUESTED BY: CI~'Y OF DiJ~I.IN When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568 Fee Waived per GC 27383 Space above this line for Recorder's use NIEM~~tAIlTD~ OF AlVdEIVdDEID A1VY~ ~S'TATED Si1~SE~~1~T A~"FORIDA~I.E gI0USII~TG AG~EIVIENT FOR 'TI~ COlVSTItIJCT'IOlV O~' ~PTCI,iJSIONARX ITNI'g'S AN~ ~AX1V~N'g' OF ~EES IN LIEU OF CONSTRgTC'~ING INCI,iJSIO1~TA1tY ~IOiTSIPTG ZTNd~'S Dubla~ ~ d~nvestors, I,LC and ~r~ddock and Logan Group II, ~.,.P, S~nbsequeaat Ph~se (627 ResacYen~aal I.ots) of the Positano ]Project This Memorandum of Subsequent AfFordable Housing Agreement for the Construction of Inclusionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Units (this "Memorandum") is entered into on this 7th day of June, 2011, by and among the City of Dublin, a municipal corporation (hereafter "City") and Dublin RE Investors, LLC, a California limited liability company, and Braddock & Logan Group II, L.P., a California limited partnership (collectively, "the Developer"). 1. Pursuant to the Amended and Restated Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated as of August 17, 2010, by and between City and Deyeloper, as amended by Amendment No. 1 to said agreement, dated June 7, 2011 (the "Agreement"), the Parties have set forth their respective obligations with respect to the provision of affordable units on lands presently owned by Developer, a portion of the 1043 residential parcel Positano Project (the "Project") , and more specifically described in Exiiibit A(the "Property"). These obligations run with the land. 2. The City. and the Developer are parties to a certain Affordable Housing Agreement that sets ~ut the specific obligations for the construction of Inclusionary Units and payment of fees in lieu thereof in conjunction with the a 416 residential parcel phase of the ~ Project ("the Initial Agreement"). The Initial Agreement anticipates the parties entering into a subsequent affordable housing agreement setting forth the manner in which the Regulations will be complied with for the remainder of the Pioject, . 1~ ~~ ~ 3. The Agreement sets out the specific obligations for the construction of Inclusionary Units and payment of fees in lieu thereof in conjunction with a subsequent 627 residential parcel phase of the development of the Project. The Agreement also obligates the Developer to make a Community Benefit Payment, as described in the Agreement, prior to issuance of building pernuts for each residential unit (excepting Second Units) within the Subsequent Phase. 4. Developer and City have executed and recorded this instrument to give notice of the Agreement, and the respective rights and obligations of Developer and City. The unrecorded Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees in Lieu of Constructing Inclusionary Housing Units, as amended, is incorporated by reference in its entirety in this Memorandum. S. This Memorandum shall bind and inure to the benefit of the parties and their respective heirs, successors and assigns, subject however to restrictions set forth in the Agreement regarding assignment. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF DUBLIN By: Joni Pattillo, City Manager Attest: Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney DUBLIN RE INVESTORS, LLC a California limited liability company By: Braddock and Logan Services, Inc. a California corporation Its Manager By: ~ N . Its: BR.ADDOCK & LOGAN GROUP II, L.P. A California limited partnership By: Braddock and Logan Services, Inc. a California corporation Its General Partner By: N . Its: l~ ~~ ~ CALIF~RNIA- /~LL-PURPOSE ACKi~iOWLEDGMENT State of California County of ~~~ T~ CQ S~ /> ' On ~~~ 11 before me, ~~} r~C~ E• ~~~u~~ N ~T f}n-{~ PJ ~L. I G, Date Here Insert Name and Ptl oT the Ofticer personally appeared ~~SE. P ~ • ~~~-} ,F~ - ~..~.., Name(s) of Signer(s) , ~ who proved to me on the basis of satisfac~ory evidence to be the person(~,~'j whose name~~/~subscribed to the within instrument and acknowledged to me that ~ ~~ executed the same in~ii /taer~ieir authorized capaciry(i~, and that by ~herltl~etr signature('~ on the . instrument the person(~), or the entity upon behalf of NANCY E. EMBREY which the person~ acted, executed the instrument. Commission # 1859710 a-~ • Notary Pubtic - California z z• D I certify under PENALTY OF PERJURY under the laws z •• Contra costa County of the State of California that the foregoing paragraph is My Comm. Expires Aug 1, 2013 true and correct. WITNESS my hand and official seal. Signature ~ < " Place Notary Seal Above SignaWre of Notary Public OPTIONLI L Though the information below is nof required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removaf and ieattachment of this form to another document. Description of Attached Document ~~~~ ~ ~u~ !~- Title or Type of Document: Document Date: Signer(s) Other Than Named Above: Capacity(ies)~Claimed by Signer(s) Signer's Name: ~~ S ~~ ~ ~(~ /\v\ ^ Individual ' ^ Corporate Officer-Ti#le(s): ^ Partner - ~ Limited ^ General ^ Attorney in Fact • ^ Trustee Top ot thumb here ^ Guardian or Consenrator ^ Other: Signer Is Representing: /1~, l.D.`._ ~I P ~.~~ L~ ~- a~ -A ~-rd~-~ ~- ~,+u-f ~--~ ~~ Number of Pages: ~ ~ Signer's Name: ^ Individual ^ Corporate Officer - Title(s): ^ Partner - ^ Limited ^ Genera~ ^ Attorney in Fact , • ^ Trustee ` Top of thumb here ^ Guardian or Conservator ^ Other: ~ Signer Is Representing: - ~ ~ ~~ L I m 2007 National Notary Association • 9350 Oe Sofo Ave., P.O, Bmc 2402 •Chatsvorth, CA 91313•2402• www.NationalNOtary.org Item #5907 Aeorder. Call Toll-Free 1-800-876-6827 1~ ~g CALIFORPiIA ALL-PIJRPOSE ACKP~OVIiLEDGMENT State of California ~ ~ County of C~ll~1'f l~~ C p S~( ~ On J I?~o I~~ ~ before me, !V /~~~ ~~ ~+Nl~u~'~~ Nc1"f~}~ PJ ~L I G, Date Here Insert Name and ~iU o1 the OHicer personal ly appeared J~' S~ P N ~' ~J~ ~-} P,L{- ~" 1~. NANCY E. EMBREY Commission # 1859710 Z-r Notary Public - California z = Contra Costa County - My Comm. Ex ires Aug 1, 2013 Place Natary Seal Above who proved to me on the basis of satisfactory evidence to be the person~) whose name is subscribed to the within instrument and acknowledged to me that Qa~/she~t~iep executed the same in is herf~eir authorized capaciry~a~and that by ~ij~1'her~re~signature(~S} on the instrument the person(g~, or the entity upon behalf of which the person(~ acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature ~ • ~ . Signatwe o( Notary Pubfic OPTIONAL Though the informaSon below is not required by law, it may prove valuable to persons re/ying on the document and could prevent fraudulent removal and reattachment of this lorm to another document. Description of Atta hed Document ~-~"'( ~~~'~-~` ~ L Title or Type of Document ~Vri- ~ ~n~ ~~~~T ~ Q Document Date: ~(~~ ~~ Number of Pages: Signer(s) Other Than Named Above: ~ ~~ A ~ ~ Capacity(ies) Claimed by Signer(s) ~ /fn Signer's Name: ~~~ e (-~ ~ ~{'~ ~ ~1~~ ~ O ^ ^ Individual Corporate O~cer - Title(s): _ Partner - ^ Limited ^ General Attomey in Fact ^ Trustee ^ Guardian or Conseroator ^ Other: Signer Is Representing: Signer's Name: O Individual ^ Corporate Officer-Title(s): _ ^ Partner - ~ Limited ^ General ^ Attorney in Fact , O Trustee ' ^ Guardian or Conservator O Other: ~, Signer Is Representing: . Top of [humb here - -- --------- - - - - - - - - - - ~--~.~_ -~ ~2007 Natianal Notary Assodafion • 9350 De Soto Ave., P.O.Box 2402 •Chats~wM, CA 91313-2402 • www.NationalNotary.org Item A5907 Reorder: CallTOll-Free 1-800-876~827