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CC Resolution 9789 . CITY COUNCIL RESOLUTION NO. 9789 REDEVELOPMENT AGENCY RESOLUTION NO. 2001-1 A JOINT RESOLUTION OF THE CITY OF CAMPBELL REDEVELOPMENT AGENCY BOARD AND THE CITY OF CAMPBELL CITY COUNCIL AUTHORIZING EXECUTION OF A DISPOSITION AND DEVLEOPMENT AGREEMENT WITH SILICON VALLEY HABITAT FOR HUMANITY FOR THE CONVEYANCE OF A 23,246 SQUARE FOOT PARCEL AND THE CONSTRUCTION OF FOUR AFFORDABLE SINGLE F AMIL Y HOUSES AT THE NORTHEAST CORNER OF VICTOR AVENUE AND CAMBPELL A VENUE APN: 307-54-056 & ARB: 306-61-054 & 055 WHEREAS, the City of Campbell Redevelopment Agency (the "Agency"), is responsible for development of affordable housing units within the Redevelopment Project Area as well as outside the Project Area when opportunities are available and Agency affordable housing goals can be achieved; and WHEREAS, the City of Campbell (the "City") owns the vacant property at the northeast corner of Victor Avenue and Campbell Avenue (APN: 307-54-056 & APN: 306-61-054 & 055) (the "Property"); and WHEREAS, the City and the Agency desires to cause the development of the Property with four (4) single family homes affordable to low or very-low income households (the "Project"; and WHEREAS, pursuant to Health and Safety Code Section 33433, the Agency is entering into a Disposition and Development Agreement (the "DDA") with the Silicon Valley Habitat for Humanity (the "Developer") substantially in the form on file with the City Clerk, under which the Developer agrees to develop the Property in compliance with the terms and conditions as set forth; and WHEREAS, the City desires to sell the property to the Agency for the fair market value price of $1 ,050,000 and the Agency will convey the property to the Developer for $400,000 and agrees to waive park impact fees for development of four single family dwellings that will be affordable to very low income households consistent with the terms and conditions of the DDA; and WHEREAS, the Project is consistent with the City's General Plan and the goals and objectives of the Agency's Housing Production; and WHEREAS, the Project as defined is Categorically Exempt under the California Environmental Quality Act (CEQA) in that it is an in-fill project in an urbanized area proposed in compliance with the General Plan. NOW, THEREFORE, BE IT RESOLVED, that jointly the City of Campbell Redevelopment Agency Board and the City of Campbell City Council approves the DDA and all ancillary documents; authorizes the Executive Director to execute the DDA and ancillary documents in substantially the form on file with the City Clerk. PASSED AND ADOPTED, this 2nd day of January, 2001 by the following roll call vote: AYES: Councilmembers/ Agency Boardmembers: Furtado, Kennedy, Burr, Watson, Dean None NOES: Councilmembers/ Agency Boardmembers: ABSENT: Councilmembers/ Agency Boardmembers: None APPROVED: Ma ew Dean, Mayor & Agency alrperson ATTEST: ~~~ Anne Bybee, City Clerk