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� 7 � r f <br /> REPORT <br /> To the Honorable Mayor and City Councii <br /> and Redevelopment Agency Board <br /> From the City Manager <br /> and Redevelo ment Executive Director <br /> March 14, 2005 <br /> Subject <br /> Disposition and Development Agreement (DDA) with Peninsula Habitat for Humanity <br /> (PHH) for the development of 8 affordable ownership townhomes at EI Camino & Vera <br /> Avenue <br /> Recommendation <br /> It is recommended that <br /> 1. the Council adopt a resolution approving the Disposition and Development <br /> Agreement by and befinreen the Redwood City Redevelopment Agency and <br /> Peninsula Habitat for Humanity; <br /> 2. the Agency Board adopt a resolution approving the Disposition and Development <br /> Agreement by and between the Redwood City Redevelopment Agency and <br /> Peninsula Habitat for Humanity which provides for subsequent transfer of land to <br /> Peninsula Habitat for Humanity. <br /> Background <br /> In December 2000, the City and the Agency purchased the site bounded by EI Camino, <br /> Vera, and Lincoln Avenue. A combination of HOME, CDBG, and Agency Housing set- <br /> aside funds were used for the purpose of conveying the site to a non-profit affordable <br /> housing developer. <br /> During 2001, four residents and one business were relocated and the site underwent <br /> environmental clearance. By 2002, the Agency engaged in a site-planning effort with <br /> architect Michael Pyotak to establish a supportable program for the site. This process <br /> resulted in a recommendation preferred by Council that the site be developed as a <br /> combination of rental and ownership housing. <br /> In January 2004, PHH and First Community Housing (FCH) submitted a joint proposal to <br /> tF�e Agency for the construction of approximately 8 very low to low income ownership town <br /> homes and 60 very low income rental apartments. The Agency executed exclusive <br /> negotiation agreements with both PHH and FCH to further evaluate the feasibility of the <br /> projects and the need for Agency financial assistance. <br /> On January 24, 2005, the Agency approved a DDA with FCH for the development of 58 <br /> Redevelopmentshared/2005 Staff Report�02-2005/PHH DDA Page 1 of 4 <br />