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CCDC News Digest: June 17, 2009 (Board Meeting Summary)

CCDC News Digest
Board Meeting Summary of the
Centre City Development Corporation (CCDC)
Wednesday, June 17, 2009

The following summarizes Wednesday’s meetings:

AUDIT COMMITTEE MEETING HELD (Centre City). The Audit Committee discussed CCDC contracting policies and reviewed and discussed several contracts. This monthly meeting has been scheduled for noon, preceding Board Meetings for the remainder of 2009. To read the agenda and staff reports for this meeting, click here.

MISSION STATEMENT ADOPTED (Centre City). The Board approved the following mission statement, “The mission of the Centre City Development Corporation is to act on behalf of the Redevelopment Agency of the City of San Diego to create a 24-hour livable downtown community by eliminating blight, providing affordable housing, improving the public realm, facilitating public and private developments, stimulating economic development and creating jobs.” (Vote 6-0). To read the complete staff report for item 8, click here.

AFFORDABLE HOUSING GUIDELINES AND PROJECT PRIORITIES APPROVED (Centre City). The Board approved the Affordable Housing Guidelines and Project Priorities regarding the expenditures of the Centre City and Horton Plaza Project Areas Low-and Moderate-Income Housing Funds which set forth threshold requirements and objectives by which CCDC shall evaluate affordable housing proposals requesting financial assistance. (Vote 6-0). To read the complete staff report for item 10, click here.

COSMOPOLITAN SQUARE GRANTED DEVELOPMENT PERMIT EXTENSION (East Village). The Board granted a three-year development permit extension subject to performance measures for Cosmopolitan Square, a project planned to include 211 hotel rooms, 113 condominiums, 29,350 square feet of retail space, 389 subterranean parking spaces and a new two-story City fire station. (Vote 6-0). To read the complete staff report for item 6, click here.

15^th AND COMMERCIAL AFFORDABLE HOUSING PROJECT TERMS RECOMMENDED (East Village). The Board recommended that the Redevelopment Agency approve an Owner Participation Agreement (OPA) with the developer and an Agency subsidy of $7,300,000. The developer would construct a 12-story building which will include 150 replacement transitional housing beds, 64 new housing units, one manger unit and a child day care center. The developer would demolish the existing Bishop Maher Center on the existing site. (Vote 6-0). To read the complete staff report for item 12, click here.

NINTH AND BROADWAY AFFORDABLE HOUSING PROJECT TERMS RECOMMENDED (East Village). The Board recommended that the Redevelopment Agency and the City Council approve the Disposition and Development Agreement and ground lease for the project. Previously, CCDC selected BRIDGE Housing through a Request for Proposal, and entered into an Exclusive Negotiating Agreement to develop the proposed Ninth and Broadway Affordable Housing project, which proposes construction of a 17-story building with 250 affordable rental units on the agency-owned site. The Board also reviewed and provided recommendations on the project design and retail space.  (Vote 4-0 with Board Chair Maas and Vice Chair McNeely abstaining). To read the complete staff report for item 13, click here.

BOARD RECOMMENDS EXPLORATION OF POTENTIONAL OF AFFORDABLE HOUSING PROJECT SITES (Centre City). The Board heard information on two potential sites for the future development of affordable housing; Hotel Sanford at 1301 Fifth Avenue and the former Atmosphere project site (partial block bound by Ash and Beech streets, Fourth and Fifth avenues); and directed staff to continue efforts to explore viable opportunities. (Vote 6-0). To read the complete staff reports for items 14 and 15, click on the site name above.

GASLAMP RENAISSANCE HOTEL NOTICE OF DEFAULT RECOMMENDED IN 30 DAYS (Gaslamp Quarter). The Board voted to recommend to the Agency that a notice of default be issued to the Gaslamp Renaissance Hotel developer , GRH, LLC, if terms and conditions of an agreement to modify the Disposition and Development Agreement to include the repair of the sidewalk surrounding the site, reimbursement/funding to compensate for staff time allocated toward project and a firm schedule of performance were not reached within 30 days. (Vote 5-1). To read the complete staff report for item 16, click here.

To read the complete staff reports from this meeting, please visit www.ccdc.com and click on the June 17 Board Meeting in the Meetings and Events section.

About Centre City Development Corporation (CCDC)
CCDC is the public, nonprofit corporation created by the City of San Diego in 1975 to staff, plan and implement downtown's redevelopment on behalf of the City's Redevelopment Agency. CCDC offices are located at Wells Fargo Plaza, 401 B Street, Suite 400, in downtown San Diego.

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