TITLE:
title
EXTENSION OF OPTION TO LEASE AGREEMENT TO CONSTRUCT AND OPERATE A 70-UNIT AFFORDABLE SENIOR AND SUPPORTIVE HOUSING PROJECT LOCATED AT THE CITY'S SENIOR CENTER, 695 WEST 19TH STREET
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DEPARTMENT: ECONOMIC AND DEVELOPMENT SERVICES DEPARTMENT/PLANNING DIVISION
PRESENTED BY: CECILIA GALLARDO-DALY, ASSISTANT CITY MANAGER
CONTACT INFORMATION: CARRIE TAI, ECONOMIC AND DEVELOPMENT SERVICES DIRECTOR
RECOMMENDATION:
recommendation
Staff recommends the City Council review and approve the proposed "Extension of Option to Lease Agreement" for an additional 60-day term that will expire on April 30, 2025 to finalize lease negotiations with appropriate affordable housing terms and complete assembling funding for the project.
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BACKGROUND:
The property is located within the 19 West Urban Plan. Existing development on the subject property includes the City of Costa Mesa Senior Center which was constructed in the 1990s (approved under Conditional Use Permit PA-90-60). The Senior Center is an approximate 20,000-square-foot, two-story building with a 145 space surface parking lot. The original vision and concept for the Senior Center several decades ago included a senior housing component with 46 units. However, at the time of development, the City Council decided to not proceed with the senior housing component.
The proposed development would include a new 70-unit senior residential building to be developed on a portion of the Senior Center's existing surface parking lot. The project does not propose any changes to the existing Senior Center building.
On July 21, 2020, the City Council approved an Exclusive Negotiating Agreement (ENA) with Jamboree Housing Corporation (JHC) to study and determine the feasibility for the right to acquire a long-term leasehold for an affordable senior housing project to be developed on a portion of the City's Senior Center parking lot. The original ENA expired in 2022. Staff continued to work diligently with JHC to subm...
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