HomeMy WebLinkAbout03/01/2005, C4 - FINAL MAP APPROVAL FOR TRACT 2502, A 11-LOT RESIDENTIAL SUBDIVISION AT 3301 ROCKVIEW PL. (D.A. FETY I.
Final Map Approval For Tract 2502 Page 2
Approval of a final map is a "ministerial act; pursuant to the California Subdivision Map Act
(Govemment Code Section 66474.1), once the map is found to be in substantial conformance with
the approved tentative map. This tract has met all City regulations and no further discretionary
approvals are required.
FISCAL IMPACT
This subdivision connects to existing City infrastructure. No new street, minimal sewer or water
main construction is necessary to serve this subdivision, other than connections and services.
Therefore the infrastructure maintenance costs will be relatively the same as prior to the
subdivision.
ALTERNATIVES
Deny approval of the final map if the Council finds that conditions have not been satisfactorily
met.
ATTACHMENTS
1 -Map
2 -Draft resolution and subdivision agreement
3 -Resolution No. 9412 (2003 Serids)
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Attachment 2
RESOLUTION NO. (2005 SERIES)
A.RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING THE FINAL MAP FOR TRACT NO. 2502
WHEREAS, the City Council made certain findings concerning tentative Tract 2502, as
prescribed in Resolution No. 9412 (2003 Series), and
WHEREAS, the subdivider has submitted irrevocable letters of credit in the total
amounts of $74,000 (Faithful Performance) and $37,000 (Labor & Materials) to guarantee
installation of the required subdivision improvements shown on the approved plans, and all fees
have been received as prescribed in the attached subdivision agreement,marked"Exhibit A",and
WHEREAS, the Community Development Director has approved the Covenants,
Conditions and Restrictions (CC& R's) including maintenance requirements of the private utilities
and common areas,and
WHEREAS, all other conditions required per said Resolution No. 9412 (2003 Series) have
been met or guaranteed.
NOW THEREFORE BE IT RESOLVED that the final map for Tract No. 2502 is found to
be in substantial compliance with the vesting tentative map and final map approval is hereby
granted.
The Mayor is hereby authorized to execute the attached Subdivision Agreement, for the
benefit of the subdivision.
On motion of , seconded by
And on the following roll call vote:
AYES:
NOES:
ABSENT:
��-5
Resolution No. (2005 SI-.Ies)
Page Two
the foregoing Resolution was passed and adopted this day of 2005.
MAYOR David F. Romero
ATTEST:
CITY CLERK Audrey Hooper
APPROVED AS TO FORM:
crtj, bRNEy Jonathan P. Lowell
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EXHIBIT A
SUBDIVISION IMPROVEMENT AGREEMENT
THIS AGREEMENT is dated this day of 2005 by and
between D.A. FETYKO INC, herein referred to as "Subdivider," and the CITY OF SAN
LUIS OBISPO, herein referred to as the"City."
RECITALS
REFERENCE IS HEREBY MADE to that certain proposed subdivision of real
property in the City of San Luis Obispo, County of San Luis Obispo, State of California, a
description of which is shown on the Final Map of Tract 2502, City of San Luis Obispo,
California, as approved by the City Council on the day of , 2005.
The Subdivider desires that said Tract No. 2502 be accepted and approved as a
Final Map pursuant to the Subdivision Regulations of the City of San Luis Obispo (Title 17
of the San Luis Obispo Municipal Code), and
It a condition of said regulations that the Subdivider agree to install the
improvements as set forth on the plans therefore.
TERMS AND CONDITIONS:
In consideration of the foregoing, the Subdivider does hereby agree to construct
and install the following subdivision improvements in accordance with said subdivision
regulations, and in accordance with approved plans and specifications on file in the office
of the City Engineer, City of San Luis Obispo, to wit:
1. CURB, GUTTERS AND SIDEWALKS
2. STREET BASE AND SURFACING
3. WATER MAINS and SEWER MAINS, including sewer laterals to the property line
and water services to the curb stop.
Cil-7
4. DRAINAGE STRUCTURES
5. ORNAMENTAL METAL ELECTROLIERS
6. ELECTRIC, GAS, TELEPHONE AND CABLE TELEVISION: In addition to the
inspection and approval of such facilities by the City, each public utility shall be
required to file a letter stating that the developer has properly installed all facilities to
be provided by him, and that the said utility is prepared to provide service to
residents upon request.
7. ANY & ALL OTHER IMPROVEMENTS shown on plans or required by City
regulations.
All of the above facilities shall be installed in the locations designated and to the plans and
specifications on file and approved by said City Engineer.
The lines and grades for all of said improvements shall be established by the
Subdivider in accordance with said approved plans and specifications.
The Subdivider agrees that the work of installing the above improvements shall
begin within thirty (30) days from the date of recording of the final map, and that the work
shall be completed within eighteen (18) months of said recording date, unless an
extension has been granted by the City, provided that if completion of said work is delayed
by acts of God or labor disputes resulting in strike action, the Subdivider shall have an
additional period of time equivalent to such period of delay in which to complete such
work. Any extension of time hereunder shall not operate to release the surety on the
Improvement Security filed pursuant to this agreement. In this connection, the surety
waives the provisions of Section 2819 of the Civil Code of the State of Califomia.
No building permits will be issued nor occupancy granted after the expiration date
of the agreement until completion and acceptance of all public improvements unless
specifically approved by the City.
The Subdivider does also agree to comply with the conditions established by the
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Planning Commission and/or the City Council and has paid the necessary fees as
indicated on the attached Exhibits 1 and 2.
The restoration of lost section comers and retracement of section lines within the
Subdivision shall be in accordance with Article 5, paragraph 8771 et seq., of the
Professional Land Surveyors Act, Chapter 15 of the Business and Professions Code of the
State of California.
The Subdivider attaches hereto, as an integral part hereof, and as security for the
performance of this agreement,an instrument of credit or.bond approved by and in favor
of the City of San Luis Obispo, and conditional upon the faithful performance of this
agreement. Said instrument of credit or bond is in the amount of seventy four thousand
dollars ($74,000) which is the amount of the estimated cost of said improvements
remaining to be constructed. Subdivider agrees to remedy any defects in the
improvements arising from faulty workmanship or materials or defective construction of
said improvements occurring within twelve (12) months after acceptance thereof. In
accordance with Sections 66499.7 and 66499.9 of the Government Code of the State of
California, upon final completion and acceptance of the work, City will release all but 10%
of the improvement security, that amount being deemed sufficient to guarantee faithful
performance by the Subdivider of his obligation to remedy any defects in the
improvements arising within a period of one year following the completion and acceptance
thereof.
Completion of.the work shall be deemed to have occurred on the date which the
City Council shall, by resolution duly passed and adopted, accept said improvements
according to said plans and specifications, and any approved modifications thereto.
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Neither periodic nor progress inspections or approvals shall bind the City to accept said
improvements or waive any defects in the same or any breach of this agreement.
If the Subdivider fails to complete the work within the prescribed time, the
Subdivider agrees that City may, at its option, declare the instrument of credit or bond
which has been posted by Subdivider to guarantee faithful performance, forfeited and
utilize the proceeds to complete said improvements, or city may complete said
improvements and recover the full cost and expense thereof from the Subdivider or his
surety.
The Subdivider has deposited with the City a labor and materials surety in the
amount of 50% of the above described subdivision improvements.thirty seven thousand
($37,000) in accordance with State law..
Said Subdivider has paid an inspection fee of$14,022 for City to inspect the
installation of said subdivision improvements, and to verify that they have been completed
in accordance with the plans and specifications.
Title 16 of the San Luis Obispo Municipal Code, entitled "Subdivision," all plans and
specifications on file with said City Engineer as a part of said Subdivision Map, and all
other documents filed with the City by the Subdivider and approved by the City Engineer
are hereby referred to for further particulars in interpreting and defining the obligations of
the Subdivider under this agreement.
It is understood and agreed by and between the Subdivider and the City hereto that
this agreement shall bind the heirs, executors, administrators, successors and assigns of
the respective Parties to this agreement.
It is agreed that the Subdivider will furnish copies of the successful bidder's contract
unit prices and total bid prices for all of the improvements herein referred to.
IN WITNESS WHEREOF, this agreement has been executed by:
CITY OF SAN LUIS OBISPO SUBDIVIDERS
D. A. Fetyko, INC.
MAYOR David F. Romero Andy Fetyko, reside
ATTEST:
CITY CLERK, Audrey Hooper
APPROVED AS TO FORM:
CI A RNEY Jonathan P. Lowell
i
STATE OF California
COUNTY OF San Luis Obispo
On November. 23, 2004 before me, Lori Gearhart
(Name, Title of Officer)
personally appeared D. Andrew_Fetvko
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s)
whose name(s) is/are subscribed.to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the
instrument.
WITNESS my hand and official seal. Tublic
LORIRHART
Comm #13°0311
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^ �^ �' California
(Signature of Notary Public) /�SAN WISOBISPOCOUNTY
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(This area for notarial sea[)
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EXIIIBIT 1
TRACT 2502
SUBDIVISION AGREEMENT
1. The Subdivider has deposited a monumentation guarantee in the amount of$1,600.00 to cover
the installation of survey monuments in accordance with the approved map and payment for same.
Said guarantee will be released to the Subdivider upon receipt by the City of aletter from the
Engineer indicating that they have completed the work and have been paid.
2. Transportation, water and sewer impact fees shall be paid at time of building permits through the
Community Development Department per the fee schedule in effect at that time.
C� -13
EXHIBIT 2
TRACT 2502-FEE AND BOND LIST
Amount Form Date Received
Bonds and Guarantees:
Total Faithful Performance _$74,000 Surety Bond#83831 S 12/22/04
Labor&Materials(50%of total cost of $3700 Surety Bond#83831S 12/22/04
improvements
Monument Guarantee $1,600 Letter of Credit#Fetyko52 01/28/05
Fees:
-Map Check Fee $1,513 Check 03/11/04
Plan Check Fee $2,993 Check 06/05/03
Total Inspection Fee $11,942 Check 03/11/04
Credit for Early Grading Permit $1,000 02/11/04
Improvement Plan Inspection $10,942
Park In-Lieu Fee' (9-t)*$4,470= Check 12/22/04
$35,760
ATTACHMENT 3
Resolution No.9412(2003 Series)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS
OBISPO APPROVING A MITIGATED NEGATIVE DECLARATION
AND VESTING TENTATIVE TRACT MAP FOR PROPERTYLOCATED
ON 3301 ROCKVIEW PLACE AND ALLOCATING AFFORDABLE
HOUSING FUNDS TO THE PROJECT;TR/ER 155-02 (Tract 2502)
WHEREAS, the City Council conducted a public hearing on January 21, 2003, in the
Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California for the purpose of
considering Tract 2502,a planned unit development(PUD)with 9 two-bedroom dwellings;and
WHEREAS, notices of said public hearing were made at the time and in the manner
required by law;and
WHEREAS, the Planning Commission of the City of San Luis Obispo conducted a public
hearing on December 4,2002, and recommended approval of the project;and
WHEREAS, the Architectural Review Commission conducted a public hearing on
December 16,2002, and approved the proposed building designs for the project;and
WHEREAS, the City Council has reviewed and considered the Mitigated Negative
Declaration of environmental impact and the mitigation monitoring program prepared for the
project;and
WHEREAS, the City Council has duly considered all evidence, including the testimony
of the applicant, interested parties, and the evaluation and recommendations of the Planning
Commission,Architectural Review Commission, and by staff presented at said hearing.
NOW,THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows:.
Section 1. Subdivision Findings. Based upon all the evidence, the Council makes the
following findings:
1. The proposed map is consistent with the General Plan because the subdivision will
provide for medium density residential development in a manner consistent with the
Hillside Development Standards of Land Use Element Policy 6.2.2.
2. As conditioned, the design or improvement of the proposed subdivision is consistent with
the General Plan because each dwelling has access to a compact,private open space area
and the development will occur as part of the neighborhood pattern anticipated for the
medium density residential zone.
3. The site is physically suited for the proposed type of development because the soils
engineering report has concluded that the site can support the proposed improvements,
provided the recommendations of the report are followed.
R 9412
cq - �5
` ACHMEW3
Resolution No.9412(2002tries) •
Page 2
4. As conditioned, the site is physically suitable for the proposed density of development
because the site is within an existing City block and is essentially surrounded by
development that is at least as intense as proposed. New development in the vicinity of
the project is occurring with a density of 12 units per acre, and due to the steepness of the
slopes on the project site,the proposed density of development is kept at 6 units per acre.
5. The design of the subdivision, or the type of improvements, is not likely to cause
substantial environmental damage or substantially and unavoidably injure fish or wildlife
or their habitat because the site does not have any creeks or other potentially significant
habitat areas for fish or wildlife and the unique plant resources on the project site are
going to be protected through a fee dedication of open space land to the City..
6. The design of the subdivision, or type of improvements, is not likely to cause serious
public health problems because the type of improvements are residential and
development will be designed to meet existing building and safety codes.
7. The design of the subdivision, or the type of improvements, will not conflict with
easements, acquired by the public at large, for access through or use of, property within
the proposed subdivision because no such easements exist.
8. The Mitigated Negative Declaration for the project adequately identifies and evaluates
the potential impacts associated with this project and where impacts are potentially
significant, mitigation measures are provided to reduce these impacts to less than
significant levels.
Section 2. Environmental Review. The City Council does hereby adopt a Mitigated
Negative Declaration for the project, with the following mitigation measures and monitoring
programs.
1. Mitigation:
The applicant shall contact the Air Pollution Control District prior to submitting a building
permit application for the project and shall comply with all requirements of the Asbestos ATCM,
to the approval of APCD and the Community Development Director.
• Monitoring Program: City staff will contact staff at the Air Pollution Control District to
ensure that the applicant has complied with this mitigation measure at the time of building permit
application submittal.
2. Mitiization:
All recommendations of the Soils Engineering and Engineering Geology Report (soils report),
prepared by Earth Systems Pacific, September 11, 2002, shall be implemented as part of the
development of the project improvements where applicable, to the approval of the Chief
Building Official.
^ 10
r •
DOW 3
Resolution No.4412(2002 Series)
Page 3
• Monitoring Program: Plans submitted with the building permit application for the project will
be reviewed with respect to the recommendations included in the soils engineering report,
prepared by Earth Systems,Pacific, September 11,2002,and City staff shall.require the applicant
to implement the recommendations of the report through the plan check process.
3. Mitigation:
No new concentrated water flows are to be released down slope from the developed portions of
the site.
• Monitoring Program: The City will evaluate plans submitted with the building permit
application for the project to insure incorporation of drains and gutters, and to insure that no
surface gutters or swales are designed to dispose over grade on any steep slopes on the site.
4. Mitigation:
The project shall employ small-scale Best Management Practices, such as listed in the handout
attached to this initial study, wherever soil is disturbed. Soil disruption is anticipated to occur
during construction of the road, extension of utilities, and with removal and recompaction of
undocumented fill on the site. Soil disruption will also occur during construction of foundations
for proposed buildings.
• Monitoring Program: This mitigation measure will be monitored through the review of plans
submitted with the building permit application for the project, including the project landscape
plans and building and grading inspections of the work. If an early grading plan is issued,
special care shall be taken to insure that disturbed areas that are not intended to be reworked
within 30 days are hydro-seeded or stabilized in another approved manner to prevent erosion,in
addition to other erosion control measures.
Section 3. Action. The City Council does hereby approve application PD/TR/ER 155-
02,subject to the following conditions and code requirements.
1. The proposed Affordable Dwelling Units shall be sold under a 30 year contract of long-
term affordability with the City of San Luis Obispo, and the buyers shall be eligible
moderate income households,as verified by the San Luis Obispo Housing Authority.
2. Curb parking shall be prohibited between the project's access driveway and the south end
of the individual driveway serving Unit B.
3. The subdivider shall dedicate a 2m wide public utility easement across the Rockview
Place frontage and the common driveway,to the satisfaction of the utility companies.
4. The subdivider shall dedicate a minimum 3m wide street tree easement across the
Rockview Place frontage. Said easement shall be adjacent to and contiguous with the
public right-of-way. The street tree easement width shall be adjusted as necessary to
provide adequate street tree clearances from the top of the existing and/or proposed
retaining walls.
Resolution No.9412(2002 Series)
Page 4
S. Curb, gutter, sidewalk, and street improvements shall be completed per city standards as
a condition of final map approval. Curb and gutter shall be placed to conform to the
existing curb alignment. The sidewalk shall be constructed to the base of the existing
retaining wall and shall not be less than 1.5m (5') in width, inclusive of the curb.
Sidewalk extensions per ADA and City standards shall be provided at all driveway
approaches. Pedestrian access dedications shall be provided for all sidewalks where
extended beyond the public right-of-way.
6. The existing retaining wall drain outlet locations shall be identified on the improvement
plans and shall terminate at an approved location, to the satisfaction of the Public Works
Director. New retaining walls shall include drainage provisions accordingly.
7. The proposed new retaining wall along the street frontage shall terminate within the
subject property, unless an offsite easement is acquired to transition the grading and/or
retaining wall beyond the tract boundary. Grading and/or slope bank stabilization beyond
the end of sidewalk shall be approved to the satisfaction of the Public Works Director and
as recommended by the soils engineer. Since the adjoining property lies within
unincorporated land,approval by the County Building Department must be submitted.
8. The public sewer main in Rockview Place shall be extended further to serve Lots 1
through 9, to the satisfaction of the Public Works Director and Utilities Director.
Individual laterals for Lots 1 through 5 shall be provided. A common private main/lateral
to serve Lots 6 through 9 shall be constructed (probably between Lots 6 & 7) and
maintained by the Homeowner's Association (HOA), within an easement. The private
sewer laterals shall include analysis of soil stability and incorporate recommendations
from the soils engineer.
9. Rockview Sewer lift station charges may be required to be paid prior to building permit
issuance for the new dwellings.
10. All utilities serving the existing dwellings shall be abandoned to the satisfaction of the
city.
11. The demolition of the existing buildings triggers the Utilities Department Sewer Lateral
Abandonment Policy. This policy states that the sewer lateral must be abandoned at the
main prior to demolition unless the lateral is intended for reuse and it passes a video
inspection. If the sewer lateral is intended for reuse, the owner shall submit a VHS
videotape documenting the internal condition of the pipe to the Utilities Department for
approval.
12. The subdivider shall place underground, all existing overhead utilities along the public
street frontage to the satisfaction of the Public Works Director and utility companies.
The existing terminal(Pac Bell)utility pole with street light#908 shall be replaced with a
city standard street light. Power to the new street light shall be served by an underground
service, per City standards. The street light location shall be placed with consideration
for available sidewalk width and disabled access requirements. The existing phone and
cable services shall be placed underground from the next service pole to the satisfaction
of the Public Works Director and serving utility companies.
CL - 1 �
Resolution No.9412 (200•rtes) •
Page 5
13. Separate utilities, including water, sewer, gas, electricity, telephone, and cable TV shall
be served to each parcel to the satisfaction of the Public Works Director and serving
utility companies. Utilities to new residences shall be underground.
14. The final map shall include any required public or private easements as required for the
proposed development of the tract. Easements may include, but are not limited to,
grading,drainage,water, sewer, storm drainage, access,vehicle tum-around,and utilities.
Any maintenance or common driveway agreements shall be completed and recorded
concurrent with final.map approval,presumably in the tract CC&Rs.
15. All lots shall be graded to preclude cross-lot drainage, or, appropriate easements and
drainage facilities shall be provided,to the satisfaction of the Public Works Director.
16. Improved or diverted upslope drainage shall be directed in a non-erosive manner to an
approved point of disposal. Any needed off-site easements shall be secured prior to map
recordation. Otherwise, the final drainage system design shall direct runoff to the public
street. If it is discovered that the existing terrace drainage has a historic outlet to the
easterly offsite property, level spreaders may be considered for approval by the Public
Works Director and project soils engineer to re-establish sheet flow beyond the building
pads.
17. Improvement and building plans shall include a complete grading and drainage plan and
appropriate calculations. The grading plan shall include existing and proposed contours
to clearly depict the proposed grading and drainage for this development..
18. Final alignment and design of the rock barrier fence and drainage swale shall be approved
to the satisfaction of the Public Works Director.
19. Pursuant to Government Code Section 66474.9(b)(1), the subdivider shall defend,
indemnify and hold harmless the city or its agents, officers and employees from any
claim, action, or proceeding against the city or it agents, officers or employees to attack,
set aside, void or annul an approval of the city, advisory agency, appeal board or
legislative body concerning this subdivision. The city shall promptly notify the
subdivider of any claim,action or proceeding and shall cooperate fully in the defense.
20. The C.C.&R's for the project shall include a restriction to prohibit residents from
accessing the open space area above the project site (Lot 11), except by way of an
approved City trailhead.
Code Requirements:
21. A water allocation is required, due to the additional demand on the City's water supplies.
The City currently has water to allocate,and-does so on a"first-come, first-served"basis.
Water is allocated at the time building permits are issued and the Water Impact Fee is
paid. Both the Water and the Wastewater Impact.Fees are based on a per residential unit
basis.
C� � I
J AR I
Resolution No.9412(2002 Series)
Page 6
22. By ordinance, the applicant is required to prepare a recycling plan for approval by the
City to address the recycling of construction waste for projects valued at over$50,000 or
demolition of structures over 1000 square feet. The recycling plan shall be submitted to
the Building Department with the building plans. The City's Solid Waste Coordinator
can provide some guidance in the preparation of an appropriate recycling plan.
23. The tentative map indicates a single meter will be replaced with two water meters. This
may or may not be possible, depending on the size of the water service and the sizes of
the proposed water meters. Generally, the water meters will need to be a minimum of 1"
in order to provide sufficient flow to fire sprinklers. The water service must be 2" in
order to serve two 1"water meters.
24. The tentative map shows a new 6" water service serving 7 water meters. This is not
allowed. Up to four I" water meters can be served by a single 2" water service. The
tentative map shall be revised to show two separate 2"services,with up to four 1"water
meters on each manifold.
Mapping and Mise.Requirements
25. Complete public improvement plans including a street improvement and curb grade plan,
prepared by a registered civil engineer, shall be submitted to the Public Works Director
for review and approval. All grades, layout, staking and cut-sheets necessary for the
construction of street paving and frontage improvements shall be the responsibility of the
developer.
26. The subdivider shall submit a final map to the city for review,approval, and recordation.
The map shall be prepared by, or under the supervision of a registered civil engineer or
licensed land surveyor. The final map shall be prepared in accordance with the
Subdivision Map Act and the Subdivision Regulations.
27. The map shall be tied to at least two points of the City's horizontal control network,
California State Plane Coordinate System, Zone 5 (1991.35 epoch adjustment of the
North American Datum of 1983 also referred to as"NAD 83" - meters) for direct import
into the Geographic Information System (GIS) database. Submit this data either via email,
CD or a 3-1/2" floppy disc containing the appropriate data for use with AutoCAD, version
2000 or earlier (model space in real world coordinates, NAD 83 - m). If you have any
questions regarding format,please call prior to submitting electronic data.
28. The final map, public improvement plans and specifications shall use the International
System of Units(metric system). The English System of Units may be used on the final
map where necessary (e.g. - all record data shall be entered on the map in the record
units,metric translations should be in parenthesis),to the approval of the City Engineer.
29. Electronic files and stamped and signed drawings shall be submitted for all public
improvement plans prior to map recordation or commencing with improvements,
whichever occurs first. Submittal documents shall include the electronic drawing.files
(.dwg) and any associated plot files along with one original, stamped and signed, ink on
mylar set of plans.
CA -av
MACHMEW�
Resolution No.9412(2002 Series)
Page 7
30. Prior to acceptance by the City of public improvements, the developer's engineer shall
submit a digital version of all public improvement plans and record drawings,compatible
with Autocad (Digital Interchange Format, DXF) for Geographic Information System
(GIS)purposes,to the satisfaction of the Public Works Director.
Section 4.Financial Incentives. The City Council does hereby approve allocation of
Affordable Housing Funds in an amount not to exceed$68,000,based on the following findings.
1. The project is eligible to receive financial incentives from the City because 22% of the units
will be affordable to moderate income households, as guaranteed by a long-term
affordability agreement with the City.
2. Eligibility. Use of the Affordable Housing Fund (AHF) for the requested purpose will
increase or improve the City's affordable housing inventory because it will provide for two
new affordable dwellings and will promote General Plan policies regarding housing because
the project includes both market-rate and affordable housing units.
3. Need. There exists a substantial or overarching need for the type of housing be assisted
because these units will be the first for-sale units to be developed under the City's
Inclusionary Housing Requirement and affordable housing is significantly constrained by
land values in the San Luis Obispo area.
4. Timing. The project would better serve the City's needs if it were built immediately as
opposed to later because the City presently has resources, including water and sewer
capacity to allocate and the proposed housing is in demand at this time..
5. Financial Effectiveness. AHF funding leverages significant additional funding from the
project sponsor, who will be developing a 9-unit housing project at an estimated cost of
$3,477,000, with the hard costs (not including land) of the additional affordable dwelling
unit estimated at$279,875.
6. Readiness. With the approval of this resolution, the project has all necessary City
entitlements and is ready to proceed.
AI IHVIII ENT 3
Resolution No.9412 (2002 Series)
Page 8
On motion of Coucnil Member Settle,seconded by Vice Mayor Mulholland and on the following
roll call vote:
AYES: Council Member Ewan, Settle and Schwartz,Vice Mayor Mulholland and
Mayor Romero
NOES: None
ABSENT: None
The foregoing resolution was passed and adopted this 21'day of January 2003.
Mayor David F. Romero
AT EST:
Lee Price,C.M.0
City Clerk
APPROVED AS TO FORM:
Gilbert A.T 1 o, cting City Attorney