CITY OF MERCED - File #: 22-594

• File #: 22-594
• Version: 1
• Type: Public Hearing Item
• Status: Passed
• File created: 7/19/2022
• In control: City Council/Public Finance and Economic Development Authority/Parking Authority
• On agenda: 8/15/2022
• Final action: 8/15/2022
• Title: SUBJECT: Public Hearing to Consider a Resolution Approving the Sale of the Housing Successor Agency Property at 73 S. R Street; Accepting the Summary Report Pursuant to Section 33433 of the California Health and Safety Code; Approving a Disposition and Development Agreement Between the City of Merced (Acting on its Own Behalf and as the Housing Successor) and CC915 Merced, Inc. for the Development of a 4-Unit Affordable Housing Complex with a Future Accessory Dwelling Unit for Extremely Low-Income Unsheltered Veterans; and Adopting a Regulatory Agreement for Density Bonus #22-02 with Terms of Affordability with Approval of Waivers and Concessions to Certain Development Standards and Zoning Codes. The 0.46-Acre Subject Site is Generally Located on the West Side of R Street, Approximately 225 Feet South of Childs Avenue. The Subject Site has a Zoning Classification of Low Density Residential (R-1-6) with a General Plan Designation of Low Density Residential (LDR) REPORT IN BRIEF Consi...

Date	Ver.	Action By	Action	Result
8/15/2022	1	City Council/Public Finance and Economic Development Authority/Parking Authority	approved	Pass

Report Prepared by: Leah Brown, Management Analyst, Development Services, and Scott McBride, Director of Development Services

Title
SUBJECT: Public Hearing to Consider a Resolution Approving the Sale of the Housing Successor Agency Property at 73 S. R Street; Accepting the Summary Report Pursuant to Section 33433 of the California Health and Safety Code; Approving a Disposition and Development Agreement Between the City of Merced (Acting on its Own Behalf and as the Housing Successor) and CC915 Merced, Inc. for the Development of a 4-Unit Affordable Housing Complex with a Future Accessory Dwelling Unit for Extremely Low-Income Unsheltered Veterans; and Adopting a Regulatory Agreement for Density Bonus #22-02 with Terms of Affordability with Approval of Waivers and Concessions to Certain Development Standards and Zoning Codes. The 0.46-Acre Subject Site is Generally Located on the West Side of R Street, Approximately 225 Feet South of Childs Avenue. The Subject Site has a Zoning Classification of Low Density Residential (R-1-6) with a General Plan Designation of Low Density Residential (LDR)

REPORT IN BRIEF
Considers approving a Resolution approving the sale of a housing successor agency property at 73 S. R Street, including accepting the Section 33433 report. Then consider various actions including the approval of the Disposition and Development Agreement (DDA) between the City of Merced Acting on its Own Behalf and as the Housing Successor and CC915 Merced, Inc. for the development of affordable housing for extremely low income homeless veterans; approving a Regulatory Agreement (RA) setting up the terms of affordability; and approving a Density Bonus (DB), granting certain waivers and concessions to Development Standards and Zoning Codes, as recommended by the Planning Commission.

RECOMMENDATION
City Council - Hold a Public Hearing and adopt a motion:

A. Adopting Resolution 2022-54, a Resolution of the City Council of the City of Merced, Californi...