Title
779 East Evelyn Avenue Affordable Family Housing Project and Funding Appropriation.
Recommended Action
1. Adopt a Mitigated Negative Declaration for the 779 East Evelyn Avenue family housing project in accordance with the California Environmental Quality Act (Attachment 1 to the Council report).
2. Introduce an Ordinance Amending the Zoning Map of the City of Mountain View for the property located at 779 East Evelyn Avenue from the P-30 (Sylvan-Dale) Precise Plan to the R4 (High-Density Residential) Zoning District, to be read in title only, further reading waived, and set second reading for March 22, 2016 (Attachment 2 to the Council report).
3. Adopt a Resolution Approving a General Plan Land Use Map Amendment to Change the Property at 779 East Evelyn Avenue from General Industrial to High-Density Residential Land Use Designation, to be read in title only, further reading waived (Attachment 3 to the Council report).
4. Adopt a Resolution Conditionally Approving a Development Review Permit for a Four-Story, 116-Unit Residential Affordable Apartment Building with Two Manager Units and One Level of Underground Parking and a Heritage Tree Removal Permit for the Removal of Six Heritage Trees at 779 East Evelyn Avenue, to be read in title only, further reading waived (Attachment 4 to the Council report).
5. Appropriate $15.7 million in City Below-Market-Rate (BMR) and $6.0 million in Housing Impact funds for ROEM Development Corporation’s proposed project which includes an additional $200,000 in BMR funding to be used for the installation of a second elevator. For the $1.12 million of predevelopment funds previously appropriated for the project, authorize any unspent funds to be rolled over into the construction phase of the project.
6. Authorize the City Manager or his designee to negotiate the loan terms, and execute a funding commitment letter, loan agreement, and related loan documents for the BMR and Housing Impact funds.