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File #: 20-1437    Version: 1 Name:
Type: Public Hearing/General Business Status: Agenda Ready
File created: 12/9/2019 In control: Council and Authorities Concurrent Meeting
On agenda: 1/28/2020 Final action:
Title: Public Hearing: Action on Project Approvals for the Proposed 65 Residential Unit Affordable Housing Project at 2330 Monroe Street [Council Pillar: Promote and Enhance Economic and Housing Development]
Attachments: 1. Planning Commission Report for November 13, 2019, 2. Planning Commission Excerpt Meeting Minutes, 3. Project Data, 4. Web Link to 2330 Monroe MND and MMRP, 5. Responses to Comments Received on the MND, 6. Resolution to Adopt the MND and MMRP, 7. Resolution to Approve the GPA, 8. Resolution to Approve the Rezoning, 9. Conditions of Rezoning, 10. Planned Development Plans, 11. Resolution Approving the Disposition and Development Agreement, 12. Freebird DDA (Including Attachments A - F), 13. Freebird DDA Attach G & H Ground Lease, 14. Freebird DDA Attach I City Loan Agreement, 15. Freebird DDA Attach J City Promissory Note, 16. Freebird DDA Attach K City Deed of Trust, 17. Freebird DDA Attach L City Assignment of Rents and Leases, 18. Freebird DDA Attach M City Assignment of Agreements, 19. Freebird DDA Attach P City Regulatory Agreement, 20. Freebird DDA Attach R City Environmental Indemnity, 21. POST MEETING MATERIAL, 22. RESOLUTION - MND & MMRP, 23. RESOLUTION - GPA, 24. RESOLUTION - REZONING, 25. RESOLUTION - DEVELOPMENT AGREEMENT
REPORT TO COUNCIL

SUBJECT
Title
Public Hearing: Action on Project Approvals for the Proposed 65 Residential Unit Affordable Housing Project at 2330 Monroe Street [Council Pillar: Promote and Enhance Economic and Housing Development]

Report
EXECUTIVE SUMMARY
The proposed project includes the development of 65 affordable residential units to be constructed by Freebird Development Company, LLC (Freebird).

The City, as Housing Successor to the dissolved redevelopment agency, was designated to assume all housing assets (including land) of the former redevelopment agency and these assets were placed into a Housing Successor Fund. As the Housing Successor, the City must initiate development activities on any land that it obtained from the former redevelopment agency within five years after the Department of Finance confirmed the property as a housing asset and consistent with the intent to provide housing affordable to persons and families of low and moderate income.

The City issued a Request for Proposals (RFP) in 2018 for the development of an affordable housing project on the City owned property located at the southeast corner of Monroe Street and San Tomas Expressway (2330 Monroe Street). Freebird was selected as the developer for the site through the RFP process and the City Council approved an Exclusive Negotiation Agreement (ENA) with Freebird in December 2018 to allow the project to proceed. Since that time, Freebird has been working with the City to process entitlements and to negotiate the terms of a Disposition and Development Agreement.

This report requests Council consideration of key project approvals that would allow for the development of up to 65 affordable housing units on City-owned land. These approvals include:
* Mitigated Negative Declaration (MND)
* Mitigation Monitoring and Reporting Program (MMRP)
* General Plan Amendment from Right of Way to Medium Density Residential
* Rezoning from Single Family (R1-6L) to Planned Development (PD...

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