Title
PLN030204-AMD2 - UCP East Garrison, LLC - East Garrison Specific Plan Project
Public hearing to:
a. Consider an Addendum, together with the previously certified Final Subsequent Environmental Impact Report (SCH#2003081086) for the East Garrison Specific Plan Project ("FSEIR") (Resolution No. 05-264) pursuant to CEQA Guidelines Section 15164; and
b. Adopt a resolution to:
1. Approve the First Amendment to the Amended and Restated First Implementation Agreement between the Successor Agency to the Redevelopment Agency of the County of Monterey and UCP East Garrison, LLC amending the Disposition and Development Agreement;
2. Approve the First Amendment to the Completion Guaranty provided by Casa
Acquisition Corp. for the East Garrison Phase Three very low- and low-income rental affordable housing units, extending the completion date by four years guaranteeing a new completion date for Phase Three affordable units by no later than March 31, 2030 and increasing the surety performance bond by $2,625,000 for a total amount of $20,125,000; and
3. Approve the designation by UCP East Garrison, LLC of Community Housing Improvement Systems and Planning Association, Inc. (CHISPA), a California nonprofit public benefit corporation, as the Rental Affordable Housing Developer and approve the terms of the Memorandum of Agreement between UCP East Garrison, LLC and CHISPA for the Phase Three Affordable Housing Development at East Garrison
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors, acting as the Board of Directors for the Successor Agency to the Redevelopment Agency for the County of Monterey:
a. Consider and agree with an Addendum, together with the previously certified Final Subsequent Environmental Impact Report (SCH#2003081086) for the East Garrison Specific Plan Project ("FSEIR") (Resolution No. 05-264) pursuant to CEQA Guidelines Section 15164;
b. Adopt a resolution to:
1. Approve the First Amendment to the Amended and Restated First Implem...
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