| | | | | | | | Agenda Item - 4.b.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | Lisa L. Kim
| | Dept.: | City Manager
| Dept.: | Economic Development
| | Subject: | Approval of a Density Bonus Housing Agreement with Avi Marciano for a mixed-use project located at 12885 and 12891 Main Street, Garden Grove. (Action Item) | Date: | 7/24/2018 |
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| | | | | | | | OBJECTIVE
To request City Council approval for a Density Bonus Housing Agreement with an individual, Avi Marciano ("Developer"). |
| | | | | | | | BACKGROUND
As of January 1, 2005, in an effort to promote affordable housing, the State’s Density Bonus law went into effect. As a result, the City of Garden Grove amended Municipal Code Section 9.12.30.070—Density Bonuses and other Incentives for Affordable Housing, to bring the code into compliance with State law. The Density Bonus law promotes development of affordable housing through increased density, concessions and incentives. |
| | | | | | | | DISCUSSION
On May 17, 2018, the Garden Grove Planning Commission adopted Resolution No. 5919-18 approving Site Plan No. SP-053-2018 to construct a new mixed-use building at 12885 and 12891 Main Street with approximately 3,888 square feet of commercial lease space and nine (9) residential units above. The Site Plan’s “Conditions of Approval” provide a density bonus to the project in exchange for the Developer’s agreement to restrict one (1) of the nine (9) units for rental to, and occupancy by, very low income households at an affordable rent for a period of 55 years.
Per State Density Bonus Law, the Applicant is requesting a density bonus of 35%, as well as two concessions: 1) to reduce the minimum dimensions of a passive recreation area; and 2) to reduce the minimum size of a private open space balcony.
In exchange for the aforementioned increased density and concessions, the Conditions of Approval require the Developer to enter into a Density Bonus Housing Agreement with the City. This Agreement details how the affordable housing provisions of this project will be implemented and monitored for the 55-year affordability period. |
| | | | | | | | RECOMMENDATION
It is recommended that the City Council:
- Approve the attached Density Bonus Housing Agreement between the City and Avi Marciano; and
- Authorize the City Manager to execute the Density Bonus Housing Agreement and all other documents necessary to implement the agreement, and to make minor modifications as appropriate thereto.
By: Allison Wilson, Neighborhood Improvement Manager
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