2001-101 - Sale of Agency-Owned Property Located at 1402 S. Parton

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affordable to persons and families of very-low, Iow- or moderate-income; and Pursuant to Section 33334.2(g) of the Community Redevelopment Law, Housing Funds may be used to assist in the provision of housing for Iow- or moderate-income households outside the Redevelopment Project area if such use will be of benefit to the Redevelopment Project; and The Agency has used Housing Funds to purchase certain real property located at 1402 $. Parton (the "Property"), which is located outside the Redevelopment Project area; and H. The Agency proposes to sell the Property to Edward McDonald, a qualified buyer, and The Agency has duly considered all of the terms and conditions of the proposed sale, and believes that the proposed sale is in the best interests of the City and the health, safety, morals and welfare of its residents, and in accord with the public purpose and provisions of applicable state and local laws and requirements; and The City and Agency held a public hearing on the proposed Project and the Agreement as required for a small housing project by Section 33433(c) of the Community Redevelopment Law, after having duly provided notice of such public hearing in accordance with state law. The proposed sale of the Property is exempt from further review and in accordance with the California Environmental Quality Act, categorical exemption ER No. O1-186 will be filed for this project. The City recognizes that it has received and heard all oral and written objections to the proposed sale, and to other matters pertaining to this transactions, and that all such oral and written objections are hereby overruled. The City hereby finds and determines that the information set forth herein is true and correct. The City hereby finds and determines that the sale of the Property will provide housing for Iow- or moderate-income persons. The City hereby approves the sale of the Property. Resolution No. 2001-101 Page 2 of 4