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Soledad council OKs amended agreement for Parcel E, adopts higher in‑lieu fee and land dedication
Summary
After extended public comment and debate, the Soledad City Council approved a second amended affordable housing agreement for Parcel E, accepting a land dedication and increasing the developer's in‑lieu payment to $25,000 per moderate‑income unit; Eden Housing remains the planned developer for the low/very‑low units.
The Soledad City Council on Wednesday authorized the city manager to execute a second amended and restated affordable housing agreement with HMBYLP for Parcel E, approving a modified in‑lieu payment and accepting a land dedication that staff said will be used for future affordable housing.
The action follows a staff presentation on the proposal, public comments questioning whether the city was ceding too much, and testimony from Eden Housing, which told the council it needs certain financing and timing certainty to complete the low‑ and very‑low‑income apartments planned on part of the site.
City staff described the deal as a package: the developer would dedicate a roughly 15,950‑square‑foot…
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