File #: 202081   
Type: Public Hearing Status: Passed
Meeting Body: City Council
On agenda: 12/6/2022
Title: 1265 Montecito Avenue Affordable Housing Development and Funding Appropriation
Attachments: 1. Council Report, 2. ATT 1 - Resolution for Initial Study/Negative Declaration, 3. ATT 2 - Resolution for General Plan Map Amendment, 4. ATT 3 - Ordinance for Zoning Map Amendment, 5. ATT 4 - Resolution for Project Approval, 6. ATT 5 - Project Plans, 7. ATT 6 - Council Report Dated June 22, 2021, 8. ATT 7 - EPC Report Dated November 2, 2022, 9. ATT 8 - Public Comment Letters, 10. ATT 9 - State Density Bonus Letter

Title

1265 Montecito Avenue Affordable Housing Development and Funding Appropriation

Recommendation

1.                     Adopt a Resolution of the City Council of the City of Mountain View Adopting the Initial Study/Negative Declaration for the 1265 Montecito Avenue Residential Project Pursuant to the California Environmental Quality Act, to be read in title only, further reading waived (Attachment 1 to the Council report).

 

2.                     Adopt a Resolution of the City Council of the City of Mountain View Approving a General Plan Map Amendment from Neighborhood Commercial to High-Density Residential for the Property Located at 1265 Montecito Avenue, to be read in title only, further reading waived (Attachment 2 to the Council report).

 

3.                     Introduce an Ordinance of the City of Mountain View Approving a Zoning Map Amendment from the CN (Neighborhood Commercial) Zoning District to the R4 (High-Density Residential) Zoning District for the Property Located at 1265 Montecito Avenue, to be read in title only, further reading waived, and set a second reading for December 13, 2022 (Attachment 3 to the Council report).

 

4.                     Adopt a Resolution of the City Council of the City of Mountain View Approving a Development Review Permit to Construct a Five-Story Affordable Housing Development with 84 Affordable Rental Units and One Manager’s Unit with At-Grade Parking and a State Density Bonus with a Development Concession and a Heritage Tree Removal Permit to Remove Six Heritage Trees at 1265 Montecito Avenue, to be read in title only, further reading waived (Attachment 4 to the Council report).

 

5.                      Appropriate $14.7 million in Housing Impact funds for Charities Housing/Montecito Charities LLC’s 85-unit affordable housing development located at 1265 Montecito Avenue.  (Five votes required)

 

6.                     Authorize the City Manager or designee to negotiate the loan and agreement terms and execute a funding commitment letter, loan agreement, and related loan documents.