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RESOLUTION NO. 86 -100 <br />A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF NEWPORT BEACH <br />ADOPTING GENERAL PLAN AMENDMENT 86 -2(B), <br />AN AMENDMENT TO THE LAND USE ELEMENT AS IT PERTAINS <br />TO THE PROPERTY LOCATED BETWEEN PLACENTIA AVENUE, <br />• SUPERIOR AVENUE, AND THE NORTHERLY CITY BOUNDARY <br />AND THE ACCEPTANCE OF AN ENVIRONMENTAL DOCUMENT <br />WHEREAS, as a part of the development and implementation of <br />the City's General Plan, the Land Use Element has been prepared and <br />adopted; and <br />WHEREAS, said element of the General Plan sets forth objec- <br />tives and supporting policies which serve as a guide for the future <br />development of the City of Newport Beach; and <br />WHEREAS, the Land Use Element of the General Plan has <br />designated the area between Placentia Avenue, Superior Avenue, and the <br />northerly City boundary for "General Industry" and "Retail and Service <br />Commercial" uses; and <br />WHEREAS, the City of Newport Beach has received a request <br />for an amendment to the Land Use Element so as to designate a portion <br />of the area designated for "Retail and Service Commercial" uses for <br />"Multi- Family Residential" uses; and <br />WHEREAS, a portion of the area described herein will be <br />developed with an apartment complex affordable to very low income <br />families for a period of 30 years; and <br />WHEREAS, the development of rental housing affordable to <br />very low income families is a goal established in the Housing Element <br />of the Newport Beach General Plan; and <br />WHEREAS, the proposed 25 units affordable to very low income <br />families will assist the City in achieving its goals of providing <br />housing for all economic segments of the population; and <br />• WHEREAS, the City Council has approved a Density Bonus <br />pursuant to Section 65915 of the California Government Code in con- <br />junction with this affordable housing development; and <br />