Title
Approve an Assignment and Assumption Agreement for the Mixed-Use Town Center Development with Phase Three Affordable Rental Housing at East Garrison.
Proposed California Environmental Quality Act (CEQA) action: Find the action statutorily exempt pursuant to CEQA Guidelines section 15378(c).
Body
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Find the action statutorily exempt pursuant to CEQA Guidelines section 15378(c);
b. Approve an Assignment and Assumption Agreement for lots T1.4, T1.5, and T1.6 pursuant to the Disposition and Development Agreement and Agency Deed, East Garrison Project, by and among Union Community Partners, LLC and Community Housing Improvement and Planning Associates, Inc. for the Mixed Use Town Center Development with Phase Three Affordable Rental Housing at East Garrison, substantial as to form and subject to the approval of the Office of the County Counsel; and
d. Authorize the Housing and Community Development Director to sign the Assignment and Assumption Agreement on behalf of the County of Monterey.
SUMMARY/DISCUSSION:
Community Housing Improvement and Planning Associates, Inc. (CHISPA) is the non-profit developer selected for the Phase Three Rental Affordable Housing. Pursuant to the Memorandum of Disposition and Development Agreement (DDA) by and between the Redevelopment Agency of the County of Monterey (now Successor Agency, referred hereto as Agency) and the developer (now UCP East Garrison, LLC, referred hereto as UCP) for the development at East Garrison, UCP entered into a Memorandum of Agreement (MOA) with CHISPA on June 26 2024, to: 1) designate and obtain approval of CHISPA as the non-profit developer to build the 66 very low and low-income units for the Phase Three Affordable Rental Housing Project; 2) set forth obligations prior to entering into a Purchase Agreement and Assignment and Assumption Agreement; and 3) provide for development of basic business terms to be elaborated in the Rental...
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