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Agenda 2019-02-11 Joint SA PFA
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Agenda 2019-02-11 Joint SA PFA
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Last modified
2/7/2019 5:12:20 PM
Creation date
2/7/2019 4:15:47 PM
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Template:
CC Index
CC Index - Document Type
Agenda
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/11/2019
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CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />6.C. Final Acceptance of construction improvements for the development at 718 <br />Canyon Road by Ernst Development Corporation <br />Recommendation: <br />By motion, accept the construction improvements for the 718 Canyon Road <br />development, and authorize the release of the bonds in accordance with the <br />Improvement Agreement. <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />6.D. Reject all bids for California Water Tank, Pump Station, and Transmission <br />Main Project due to complications in the bidding process and higher than <br />expected project construction costs and direct staff to re -bid the project <br />Recommendation: <br />By motion, reject all bids, return all bid bonds, and authorize staff to re - <br />advertise this project for public bidding. <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />6.E. Direction to negotiate agreements to provide $6 million in future City <br />affordable housing funds for the 100% affordable housing developments <br />located at 353 Main Street (ROEM Development) and 612 Jefferson (Habitat <br />for Humanity) <br />Recommendation: <br />By motion, authorize and direct the City Manager to (1) negotiate an affordable <br />housing funding agreement and propose a resolution for City Council <br />consideration providing $3.5 million in affordable housing funding for a 125 -unit <br />apartment building located at 353 Main Street and (2) negotiate an affordable <br />housing funding agreement and propose a resolution for City Council <br />consideration providing $2.5 million in affordable housing funding for a 20 -unit <br />affordable development located at 612 Jefferson Avenue. Each resolution will <br />be brought forward as affordable housing funds are received through payment <br />of affordable housing impact fees associated with other development projects <br />and through Transit Occupancy Tax received from AirBNB units in order of the <br />motion above. If funds are not available by June 2020, the City Manager may <br />request further Council direction based on priorities at that time. <br />Page 3 of 5 <br />
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