HomeMy Public PortalAboutAB 15-012 Affordable Housing City Lease
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 15-12
Meeting Date January 22, 2015
AGENDA ITEM INFORMATION
SUBJECT:
Commitment of long term lease for potential affordable housing and community space – City Campus
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Originator
Police Department
Public Works
Golf Course
COST IMPACT:
n/a
Parks and Recreation
FUNDING SOURCE:
n/a
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City of McCall was approached by an affordable housing development team, VCD, LLC and partner Northwest Real Estate Capital Corp. for a proposed 36-unit affordable housing complex
on the west portion of the City campus owned by the City of McCall. The Developers are requesting a long-term lease agreement be entered into between the City and the Developers, or
their designee, for a term of not less than 65 years at an annual rental rate of $1 if funding is awarded for the project and subject to conditions outlined in the letter of commitment.
The concept of affordable housing and community space is consistent with the 2005 McCall City Campus Plan.
The specific site plan and design would be determined if funding is awarded, and the Developers would work with City staff on the details. The project also requires approval through
the Design Review with a public hearing process. The following items are attached for information only:
Letter of Commitment
Proposed timeline
Development Team Background
Conceptual site plan and unit floor plans
RECOMMENDED ACTION:
Approve the long term lease commitment letter for affordable housing and community space on the City Campus and authorized the Mayor to sign.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
December 18, 2014
Direct staff to draft a letter of commitment for the long-term lease of City property to be used for affordable housing and community service center