HomeMy WebLinkAboutReso 006-97 AffordHous/CreeksidRESOLUTION NO. 6 - 97
A RESOLUTION OF THE CITY OF DUBLIN
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
FINDING CERTAIN UNITS IN THE CALIFORNIA CREEKSIDE
PROJECT AFFORDABLE BY DESIGN AT MODERATE INCOME LEVELS
Recitals
WHEREAS, through its actions on April 16, 1996 and May 28, 1996, the City
approved the California Creelcside project consisting of 154 single family lots and
123 airspace condominiums, for a total of 277 residential units; and,
WHEREAS, the approved project is subject to the City of Dublin Indusionary
Housing Ordinance, as set forth in Chapter 8.24 of the Municipal Code, which
requires that 5% of the 277 total units be set aside for affordable housing at
moderate, low and very low income levels; and,
WHEREAS, the project developer will provide 3 moderate income inclusionary
units, as required under Chapter 8.24, from among 29 of the airspace condominiums
identified by the developer as "Plan 1" units, which are proposed as Affordable by
Design to moderate income households; and,
WHEREAS, pursuant to Chapter 8.24.070.B. 1, the City Council shall
determine whether a project is Affordable by Design such that unit design rather than
resale controls ensures continued affordability.
NOW THEREFORE BE IT RESOLVED,
The City Council hereby determines that the 29 "Plan 1" airspace
condominiums identified as affordable to moderate income households are Affordable
by Design (hereafter, "Affordable"), are priced substantially lower than other project
units, and are likely to remain affordable over time, all pursuant to Chapter 8.24 of
the Dublin Municipal Code, for the following reasons, and as further set forth in
letters to the City from the' developer, Kaufman & Broad, dated December 20, 1996
and January 23, 1997, attached as Exhibits A and B, respectively, and incorporated
herein by reference:
1. The Plan 1 Affordable units are smaller than either the Plan 2 or Plan 3
condominium units or the single family units, all as described in the developer's
memorandum of January 27, 1997, attached hereto as Exhibit C and incorporated by
reference. The Affordable units will contain 1202 square feet of living area vs. 1401
and 1610 square feet for the Plan 2 and Plan 3 condominiums, and vs. I337 to 2178
square feet for the single family homes.
2. The Affordable units are provided in the condominium portion of the
proiect where higher densities allow lower per-unit costs than in the single family
portion of the proiect; where, unlike single family homes, there are no out-of-pocket
landscape installation and maintenance costs; and where monthly utility bills are
typically less than for a single family home.
$40,000
than the
The initial sales price for the Affordable units will be approximately
less than a similar sized single family home and approximately $15,000 less
Plan 2 condominiums, which are slightly larger.
4. The Affordable units are likely to remain affordable over time because it
can be anticipated that future housing prices will keep pace with future income levels.
5. The Affordable units are likely to remain affordable over time because
housing records for Dublin show there is an ample supply of moderate income units,
and resale home pricing is largely a function of supply and demand. Recent records
show that Dublin has produced 18% more than its fair share of moderate income
units as determined by the Association of Bay Area Governments. Moreover, the
housing densities approved in the Eastern Dublin Specific Plan allow for provision of
additional moderate income units in the future. This recent history coupled with
potential for additional moderate income development ensures that future resale
prices will not be pressured upward by limited supply of moderate income housing.
The developer submitted moderate housing sales figures ranging from 351 to 642
homes sold per year over the years 1991-1996. Based on a total housing supply of
7,568 homes cited in the City's 1995 staff report for the inclusionary housing
program, these figures show the supply of moderate housing ranging from 4.1% to as
high as 8.5% of the City's total housing supply.
2
PASSED, APPROVED AND ADOPTED this 4th day of February, 1997.
AYES:
NOES:
ABSENT:
Councilmembers Barnes, Burtor~ Lockhart and Mayor Houston
None
Councilmember Howard
ABSTAIN: None
F:/WPD~ W/I14/RE$OL/AFFB YDES. K&B
MKF/DLP/apn
revised: 1/23/97
1/27/97
1/28/97