RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Conservation and Development, or designee, to allow the rental of property owned and currently occupied by Rong Shen and located at 362 Karelian Street in Danville, for up to two (2) years. Monthly rents shall not exceed current mortgage payments, property taxes and hazard insurance.
FISCAL IMPACT:
No General Fund Impact.
BACKGROUND:
On July 9, 2002, the Board of Supervisors approved the Camino Tassajara Affordable Housing Program (CTAHP). The CTAHP sets forth requirements to be met by the Camino Tassajara developers (Shapell, Braddock and Logan, and Ponderosa Homes). On January 9, 2006, Shapell and the County entered into a Developer Sales Agreement (Agreement). This Agreement placed conditions on the 127 unit townhome development known as Willow at Alamo Creek. All 127 units were required to be sold to moderate income homebuyers.
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