City Council

5.10\nHousing Bonds: Bond Inducement for the Proposed Enclave Montecito 96-Unit Affordable\nHousing Complex in Otay Ranch Village 2\nReport Number: 25-0203\nLocation: Southwest Corner of Santa Victoria Road and Santa Diana Road (Village 2)\nDepartment: Housing and Homeless Services\nG.C. § 84308 Regulations Apply: No\nEnvironmental Notice: The proposed Project is adequately covered in the previously adopted\nFinal Supplemental Environmental Impact Report (“FSEIR”) for the Otay Ranch Village Two\nComprehensive SPA Plan Amendment (FSEIR 12-01; SCH #2003091012; and incorporated by\nreference in City Council Resolution No. 2014-207 on November 4, 2014). No additional\nenvironmental review is required.\nRECOMMENDED ACTION:\nAdopt a resolution of the Chula Vista Housing Authority regarding its intention to issue up to\n$25 million in tax-exempt bond obligations for the 96-unit Enclave Montecito development.