City of Albuquerque - File #: R-12-87

• File #: R-12-87
• Type: Resolution
• Status: Enacted and Published
• File created: 8/20/2012
• In control: City Council
• Final action: 12/17/2012
• Enactment date: 1/9/2013
• Enactment #: R-2012-103
• Title: C/S Amending R-07-193 (Enactment No. R-2007-082) Regarding The Master Development Agreement For Implementation Of The Mesa Del Sol Tax Increment Development Districts 1 Through 5 To The Limited Extent Of Amending The Workforce Housing Plan Attached As Exhibit 3 To The Approved Master Development Agreement (Benton)
• Sponsors: Isaac Benton

Date	Action By	Action	Result
1/9/2013	City Clerk	Published
1/8/2013	Mayor	Signed by the Mayor
12/31/2012	City Council	Sent to Mayor for Signature
12/17/2012	City Council	Accepted with a recommendation Do Pass, As Substituted
12/17/2012	City Council	Motion	Pass
12/17/2012	City Council	Passed	Pass
12/10/2012	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Substituted	Pass
12/10/2012	Finance & Government Operations Committee	Substituted	Pass
8/20/2012	City Council	Introduced and Referred
8/20/2012	President	Referred

CITY of ALBUQUERQUE
TWENTIETH COUNCIL


COUNCIL BILL NO. C/S R-12-87 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton


RESOLUTION
title
C/S Amending R-07-193 (Enactment No. R-2007-082) Regarding The Master Development Agreement For Implementation Of The Mesa Del Sol Tax Increment Development Districts 1 Through 5 To The Limited Extent Of Amending The Workforce Housing Plan Attached As Exhibit 3 To The Approved Master Development Agreement (Benton)
body
AMENDING R-07-193 (ENACTMENT NO. R-2007-082) REGARDING THE MASTER DEVELOPMENT AGREEMENT FOR IMPLEMENTATION OF THE MESA DEL SOL TAX INCREMENT DEVELOPMENT DISTRICTS 1 THROUGH 5 TO THE LIMITED EXTENT OF AMENDING THE WORKFORCE HOUSING PLAN ATTACHED AS EXHIBIT 3 TO THE APPROVED MASTER DEVELOPMENT AGREEMENT.
WHEREAS, as part of the City’s approval in 2007 of the Master Development Agreement for Mesa del Sol, the City and Mesa del Sol LLC (“the developer”) agreed to a Workforce Housing Plan (“2007 Plan”) to ensure that the developer would create a certain number of “safe, quality Workforce Housing units” at Mesa del Sol that would be architecturally similar to market rate units and be integrated into the development to provide access to public transportation, shopping, schools, recreation, retail and employment “on a par with market rate housing at the Project”; and
WHEREAS, the 2007 Plan, among other provisions, set forth a timeline, requirements for percentages of total affordable housing units and percentages based on income eligibility, and a process for record keeping; and
WHEREAS, though the development of Mesa del Sol has been affected by the economic downturn since the 2007 Plan was initially drafted, the developer continues to be committed to providing Workforce Housing, but has requested that the 2007 Plan be amended to adjust to the current and projected market conditions; and
WHEREAS, the developer has proposed changes to the 2007 Plan as shown on the attached ...