RDA Min 1992-07-20 - Laserfiche WebLink

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------ u- -. - --- - -._.. -- ----.- b) The City's Housing Element established a numerical objective of 500 units of new units being created affordable housing for the 1990-95 period. The Council envisages most of these new units being created within the Redevelopment Area. c) The final Environmental Impact Report (EIR) on the Second Amendment to the Redevelopment Area indicated that new low and moderate income housing developments should be smaller projects on multiple sites. This site, therefore, fits the criteria for affordable housing projects. This project will accomplish the public interest and necessity by removing the existing blighting influence and replacing it with affordable housing that will assist the City to satisfy its Housing Element objectives. 2. The ro osed ro'ect is lanned or located in a manner that will be ~o~t compatible wit t e greatest pu lic good and the least private ~ The former Whipple lodge site has significant advantages when compared with other locations. The site is zoned for the City's highest density. It is on the edge of a predominantly residential neighborhood and will provide a buffer between the heavily traveled Whipple Avenue and the Mezes Park Neighborhood. This, and the removal of the existing buildings maximize the public good of this project; and since only one owner is impacted by this project, and the property is vacant, it also achieves the lease private injury. 3. The pro~erty described in the resolution is necessary for the propose project This project, as defined, is dependent upon this site. As already indicated, the City's housing strategy will rely on multiple projects on small sites such as this. For all the preceding reasons, the site is necessary to the City's housing strategy and to the proposed project. 4. That the offer...has been made to the owner The attached offer document was mailed, certified, to the following people on May 26, 1992: R & K Holdings, Inc Mr. Vidyaguri Kantilal Khatri 1225 Warren Street 1225 warren Street Redwood City, Ca. 94063 Redwood City, Ca. 94063 Mr. Kantilal T. Khatri 1225 Warren Street Redwood City, Ca. 94063 Conclusion For all the preceding reasons, staff recommends that the Board adopt the subject Resolution of Necessity. The Agency attorney will then file an eminent domain complaint with the Court. The amount of our appraisal will MINUTE BOOK NO.1 Redevelopment Agency Minutes July 20, 1992 Page No. 84 Page 3